Tips Before Buying a Second Hand Yacht
Tom Levi
The Actual Cost
You must remember that your budget will include secondary expenses above and beyond the actual cost of the yacht. These include (but are not limited to the agent , the engineer and or appraiser and often a transatlantic journey just to see the yacht before making the purchase.
Even if there are two "identical" yachts for sale, they will not necessarily be the same price. For instance, one might be exquisitely appointed with beautiful furnishing and equipment, whereas the other may be more modest with an accent on functionality. One's price may reflect the need to pay value added tax, where the other may have been exempt. Be ware of the models which are priced beyond your budget. There are also certain models which are priced beyond your budget. It is a mistake to set your heart on a particular model only to discover that it is priced way beyond your means. Begin your search by defining your budget, and then proceed to evaluate what is available.
What type of vessel are you looking for?
We don't mean to decide between a yacht for sale and a motor bike. The question is, having decided which type of sea going vessel you wish to purchase, what are you looking for in the vessel of your choice? A motor boat which allows you to stand as opposed to one which has ample room for sitting, a yacht can be made of fiberglass, or out of wood. It is very important to narrow down the options and decide exactly what you really want. It certainly is not necessary to decide exactly what you are looking for, and it is really a good idea to check out the different options which are available.
It is vitally important to test drive the yacht you intent to buy. Once you are serious about this model, take the time to rent a similar model and take it out with the family for a couple of days. This is the only way you can verify that this is indeed the one which is suitable for you. Find out all the details you can about this vessel. A yacht built to transverse the Atlantic may be less expensive than a fancy French model, but may be totally impractical if your plans are limited to an occasional weekend off beach.
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