Skip to main content

Buying the Right Yacht: Used vs. New


The idea of owning a yacht may be a dream for most, yet this dream comes true for many every day. Owning a luxury inland waterways or seagoing vessel is a great way to enjoy vacations, retirement, or just a weekend trip from a private dock.

However yacht owners plan to enjoy their yachts, they must first choose how to acquire the perfect one. In this regard, let's examine the pros and cons of buying a used vs. new yacht.

Buying a New Yacht


The biggest con of buying a new yacht is paying full price and then having it depreciate quickly; within five years a new yacht can depreciate upwards of 40% from the original price.

With that said, buying a new yacht means buyers have more selection when it comes to choosing from new models and types of yachts. Whether they're buying an express cruiser, a pilothouse motor yacht, sedan bridge, or a mega yacht, they'll have more selection with type and customization.

Buying a new yacht gives owners the assurance of knowing their vessel is under warranty and everything is working properly. The engine, wiring, and infrastructure won't bring any unwanted surprises, and if there's a problem the warranty will resolve it.

New yachts are made from the latest technology, design, and materials, which means better fuel efficiency, more environmentally friendly, stronger, lighter, and with modern-looking designs.

And for those trying to finance their yachts, buying a new yacht is easier to finance and has lower rates.

Buying a Used Yacht


The main benefit of buying a used yacht is saving money, which is significant considering the depreciation rate of new yachts and the overall cost of them in general. For instance, buying a five-year-old yacht can save buyers 40% off the new price; this is an excellent deal if the yacht was regularly maintained and has low miles – it very well may still look and feel brand new!

Buying a new yacht may bring more choices with new models, yet buying used brings more choices with older models. Older discontinued models may be what buyers are looking for, as discontinued models may have certain features or designs that appeal to them.

Older yachts may have some miles and wear, yet may also have some custom upgrades and features added. Basically, previous owners may have invested in upgrades over the years, making the yacht worth much more than they're asking. These upgraded used yachts will cost less than new yachts and give the new owners years worth of custom upgrades.

The used yacht market gives buyers more selection when it comes to type, year, model, and cost. Buying a new yacht means buyers are limited to the selection available from manufacturers. As long as used buyers are willing to be patient and search in non-local markets, they'll find a wider selection of yachts to choose from – all at significantly lower prices than new.

Conclusion


Owning a yacht is a life-changing experience, as they bring luxury, fun, and excitement to life on the water. This experience shouldn't be hindered by problems or issues from a recently purchased yacht, whether new or used. This is why careful considerations must be taken when purchasing a new or used yacht.

Employing a competent surveyor to inspect a used yacht and using a broker service to help find and purchase a quality used yacht, are both good ideas for buyers. In fact, if buying used, using a broker service that specializes in yachts is very helpful. They have the resources, expertise, and connections to find the right yacht, know its real value, and make sure it's a sea-worthy vessel.

Comments

Popular posts from this blog

Old Cars Are Better than New Ones

Cars are getting too complex with technology. Older and less expensive cars are better than new ones because they don’t overly rely on computer technology to function. What’s going to happen to these new computer cars in 20 years? They’ll be in the junkyard, as the computer was too expensive to fix. What’s worse, in 20 years, the oldest cars on the road will be around 20–30 years old — i.e., the new cars now! That means all cars will have too much technology built in — every non-manual digital function from the computer can go out and stop working, while manual issues are easier to fix. Another main reason why I like older cars is to have more freedom from control. Newer cars with computer junk can be shut off remotely from anywhere, hacked into, and governments and corporations can deny access to use. Why would I pay the exorbitant cost of owning a new car when: It will be in the junkyard in 15–20 years Can be controlled remotely It is expensive Are difficult/expensive to repair or ge...

Same Articles Published on NewsBreak vs. Medium 2024

These sites are very different, yet how do they compare stat-wise with the same articles? I discovered how to publish my non-news articles on NewsBreak; I just put   Opinion   in front of the title. Now I can put the same articles I write on Medium on NB and see how they compare. NB pays an estimated $4.50 per thousand views on average. I’ve published 15 articles on both sites since this change. NewsBreak articles have been published in the last 36 days. Let’s look at 7 examples: Writing is Hard For Two Reasons Investing in the writing piece and the unknown results. medium.com (published 4 days ago on M and NB) Medium: 2 NewsBreak: 199 4 Toto Songs That Sound Like the Beatles One of their biggest influences. medium.com (published 6 days ago on M and NB) Medium: 8 NewsBreak: 886 How Different Would We Be Walking In Another Person’s Shoes? Biological vs. environmental influences in a person’s makeup. medium.com (published 11 days ago on M and NB) Medium: 8 NewsBreak: 111 Stay Tr...

4 Toto Songs That Sound Like the Beatles

                                    One of their biggest influences. Toto came out with their first self-titled album in 1978. Their first 4 albums were with singer Bobby Kimball and bassist David Hungate. After the fourth album,  Toto IV , these two original bandmates left Toto. During these early years (1978–1984), Toto sounded more like the Beatles in some of their songs. They had a British feel to their music, especially, with their first two albums,  Toto  and  Hydra . Here are the four songs I think sound the most like the Beatles from these first 4 albums: “Rockmaker” ( Toto ) singer/songwriter David Paich 2. “Manuela Run” ( Toto ) singer/songwriter David Paich 3. “Lorraine” ( Hydra ) singer/songwriter David Paich 4. “St. George and the Dragon” ( Hydra ), singer Bobby Kimball, songwriter David Paich Summary These are also four of my favorite Toto songs. Interestingly...

Will drones be used to control humanity?

Considering drones in our future. Drones are remote-controlled, battery-powered flying machines basically. Usually controlled by a human, sometimes automated by bots. They have become popular in recent years for their use in the Ukraine/Russia war. Drones in a Future Dystopian World I’m not an expert on drones, nor have I researched the technology or uses in-depth. Exploring the potential they offer with a larger perspective doesn’t require this expertise, rather, it requires a knowledge of revisionist history more so. I realize the average person doesn’t have much say in the proliferation of drone technology, any more than we do with wars started for reasons unknown. With this said, consider the potential of drones being used to control people in a future dystopian world. Drones powered by AI and smart technology, used for surveillance and enforcement with weapons; with heat-seeking sensors, long battery life, and hooked up to the internet and apps. Think about it, drones built in var...