Buying Your First Yacht
Keep in mind that boat builders are very very small companies not the likes of a General Motors or Honda with billions of dollars in resources.
Buying your first yacht. Choose the kind of boat. Enjoy your new motor yacht. If the boat is brand new much of the following will be handled by the boat dealer as a matter of course but its still worth reviewing each step so you can go through the process with your eyes open.
The first step in the boat-buying process is also the most importantdetermining exactly what type of craft will best fit the needs and wants of both yourself and those you plan to bring along for the ride. You can have a sporty sleek jet-powered 30-meter yacht for instance or an amazing two-masted sailing yacht or an 80-meter-plus floating palace. So before you even buy have a clear idea of what you want out of your yacht.
In fact if this is the first boat thats a great approach. If youre looking to buy your first car I think youll definitely look at some C-class sized vehicles like Mercedes C-class Audi A3 Honda Civic etc. First-time buyers often feel they are going to use the yacht more than they really do says Beckett.
Narrow down a size range length and consider amenities. Conduct a charter or a sea trial. Tom advises anyone looking to buy their first boat to research it speak to owners find out the problems and keep an eye on the market to see what theyre selling for.
He also recommends factoring in the cost of all the equipment and getting a handover sail from the owner. Buying your first yacht will be a heartwarming experience of your life. We begin by working with you to determine exactly what type of yacht youre interested in.
This boat-buyers guide aims to provide assistance on each step in the buying process. The average first-time buyer owns a yacht for three years according to UKbased Towergate Insurance before trading up or getting out altogether. Work with a dealer or broker who understands you.
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