Every man, when he was a little boy, fantasized about owning a “moving castle.”
Owning one means you are free to explore and practice, not just a trip.
This “privilege” was once reserved for the upper class, but nowadays yachts are more commoditized, and you can buy a used yacht for as little as $50,000 — a luxurious little yacht that you can sail yourself.
And if you choose a cheaper material, like fiberglass, you’ll probably pay less.
The frequent turnover of luxury yachts has created a new second-hand market and given more people the chance to realize their sailing dreams.
So what do you need to know about owning your own yacht?
You can customize a brand new yacht, and every detail, from the color of the curtains in the theater to the pattern of the floor in the bathroom, can be customized to your specifications. After all, no one will stop you from spending money.
A Russian businessman spent $100 million to build a 13-seat, 415-foot-long model with a basketball room, not including operating costs.
If you can’t afford the yacht in full, you can put 20% down over five years.
But it turns out that “small yachts” between 40 and 70 feet long are more popular than multimillion-dollar superyachts.
Although the cost of running a yacht has come down a lot, you still have to consider the cost of fuel, insurance (assurance), title registration, mooring fees, maintenance and repair.
For example, owning a 44-foot yacht in California costs about $5,000 a year for upkeep and repair, $1,000 a month for mooring, $300 a year for fuel, and if you want to join a local yacht club, you’ll need to pay $300 a year or a one-time entry fee of $10,000.
Timetabling a yacht is not as easy as buying a car and usually takes years to think about.
First, you need to know the information on the Internet;
Then you should go to yacht shows around the world, such as London, Morocco and Singapore. If you don’t want to travel too far, you can also take a look at the Xiamen International Yacht & Sailing Exhibition.
Finally, when you become a prospective buyer, of course take it for a test drive.
One of the most important factors to consider is the purpose of buying a yacht. Is it for entertainment with friends, solo fishing or family vacation?
For example, if it is for family use, then the yacht needs to provide cooking, sleeping, bathing and other functions;
It would be much easier just to go fishing.
Sharing For yacht buyers who only have time to go out on weekends or holidays each year, buying a yacht with others is also a good option.
This model is popular in places like Australia and Greece.
For example, in Australia, eight people buy a yacht, then each person can enjoy the use of 43 days/year, of course, the number of days to use the number of people to buy.
Buying a brand new 40-foot yacht for four people costs about $45,000 per person per year.
Others you can buy online but if you lack experience, it’s best to hire an agent.
At the very least you can be sure that the yacht you are buying is not “stolen property” and that you will know if the used yacht is in good condition.
Another benefit for brokers is that they can choose the best exchange rate and payment method.
Typically, a broker pays a 10 percent commission on purchases of yachts up to $1 million.
In Asia, private yacht transactions are still relatively rare, and generally buy brand new yachts.
At some ports in Hong Kong and Singapore, there are long lists of yachts waiting to dock as infrastructure services fail to keep up.
