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How much does it cost to run a luxury yacht. Owners can recoup some of these expenses by chartering their yacht. It factors in all yachts of all sizes ages buildsbrands and luxury levels including outliers such as superyachts. Videos you watch may be added to the TVs watch history and influence TV recommendations.

Luxury Yacht Group provides. Annually a good experienced captain makes about 1000 per foot of yacht Kavin says. A 205-foot yacht with a 35 million annual operating budget can charge 425000 a week.

We hate to hear when yacht owners were told by their broker to factor in 10 of the purchase price to operate the yacht. So the owner of a 10 million yacht should expect to pay 1 million every year to keep it running. Towergate estimates that annual dockage fees run for 350000 insurance averages 240000 and maintenance and repairs can be in the millions as.

Therefore a 50 million yacht is likely to cost around 5 million a year to run and maintain. The largest yachts have been reported to be costing their owners over 50 million a year. A good guide for salary costs is published by Dockwalk magazine every year based on an extensive survey of the crew and placement agents.

Another 400 per year goes on insurance while Seastart breakdown assistance costs 150 per year. Unless youre a trained captain steering your own yacht and making sure the day to day running goes smoothly youll have to employ staff to over see operations. To avoid this cancel and sign in to.

Tip the scales up to the high end and yacht charter prices soar to a million dollars or more for a celebrity mega yacht operating with a commercial license that can accommodate 30 guests. They start around 300000 for smaller 40-foot models and can go as high as several hundred million dollars for the biggest superyachts. Assuming your 60-foot yacht has a fuel capacity 1200 gallons and with an average fuel price of 350 and it will cost 4200 to fill up.