The budget is based on where the yacht is moored whether it is available for charter and its travel destinations.

How much does it cost to maintain a mega yacht. On average owners pay 10 of the yachts value in up-keep costs per year not including crew wages. So do the math. This over used saying is sadly right occasionally particularly for newer yachts in the 20-30M range but just because a broken watch tells the right time twice a day you shouldnt rely upon it.

Towergate estimates that annual dockage fees run for 350000 insurance averages 240000 and maintenance and repairs can be in the millions as. 80 ft boat 2 crew members 13000 per month. Therefore a 50 million yacht is likely to cost around 5 million a year to run and maintain.

We hate to hear when yacht owners were told by their broker to factor in 10 of the purchase price to operate the yacht. 130 ft boat 5 crew members 32500 per month. For a yacht thats 60-feet later model year and with average usage you can expect to pay 30000 per year.

Operating a megayacht like those above includes hiring and maintaining a crew of up to eighty who live onboard year-round. The largest yachts have been reported to be costing their owners over 50 million a year. Mooring fees are one of.

It is outliers like these that increase the price average for yacht owners perhaps scaring potential owners when they start their research. An average mega yacht with 12 crew has operating expenses between four and ten million dollars. On some yachts a management company or a part of the owners business network handles accounting and makes financial decisions.

Get a complete crew cost breakdown. Dockage Unless the owner plans to spend the year at anchor then keeping the yacht in a marina incurs a significant cost. How much does it cost to maintain a yacht.