What should you ask yourself before buying a yacht?

What kind of boat would you like, mister?

Even before purchasing a yacht, you should decide which type of yacht you prefer. Ideally, you will have experience cruising on both a monohull and a multihull. However, sometimes the boat you need is already in your head and you don’t need to decide at all.

In any case, let’s just remind you of the features of different types of cases. Monohulls have better maneuverability, but stability suffers - the pitching can be stronger than on a catamaran. Catamarans have more space for living and relaxing, so this is an ideal option for family yachtsmen. You can find out more about catamarans at this link.

New or used?

Another question that comes up when choosing a boat is whether to buy a new yacht or a used one? Prices for used boats may be more attractive, but at the same time it is worth remembering that your expenses will not end with the purchase. All used yachts also expect a number of repairs, which will have to be spent on. You can learn more about buying used boats from this article.

Ideally, of course, take a new yacht from a trusted manufacturer. This way you will protect yourself from any hidden issues and problems that the previous owner may keep silent about. You can also customize the boat as you wish.

Why do you need a yacht?

A strange question, but only for those who have not smelled the salty air of the sea. In your dreams, do you cross the seas and fly towards adventure? Well, reality is sometimes more complex than our expectations. Owning a yacht is a cool experience that will benefit many, but it is definitely not an option for everyone.

Try to understand what you really want from a yacht. Probably, a week-long cruise every two months will not be possible due to a busy work schedule and the boat will simply sit in the marina. In addition, the yacht will constantly “suck” money - at least a place in the marina is not free. 

Maybe the ideal option for you is a charter? An excellent option for those who are limited on budget or time. And sometimes people choose a charter because it’s just convenient for them, and it’s not about money or time. 

Money issue

The most complex and multifaceted question. We definitely think that spending your last money, taking out loans or spending unearned money on your future yacht it is forbidden. And this concerns, in fact, not only yachting. 

Keep in mind that after purchasing a yacht – and it doesn’t matter whether it’s used or new – your expenses are just beginning. Regular inspection and repairs, a place in the marina, preparation for winter mooring, preparation for the season after winter mooring... The list can go on for hours. Of course, these costs are not comparable to the cost of the yacht, but they can still be quite high. 

Therefore, you need to buy yachts, but take into account your own financial capabilities. Then again, chartering may be a healthy alternative to owning a boat for you. This way you can find a balance between the joy of conquering the seas and any money issues. If you are already a happy yacht owner, but are looking for options to save money, we recommend that you familiarize yourself with this material.

How to decide to buy a yacht?

In this video, Sasha Goron will address the most pressing questions regarding choosing a yacht, give examples from her own practice and share her experience. We recommend viewing to every future yachtsman who has not yet decided on buying a boat!

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20.10.2023