Ready to Buy Your Yacht? New versus Used Yachts
As you gaze over one of the many picturesque bodies of water in South Florida, you may long to be out there enjoying the open water, bright sunshine, and tropical breezes. You may have been planning for a while and now you’d like to buy the yacht you’ve been dreaming about. The question is where do you begin? Often the first step is deciding whether you want to buy a new yacht or a used yacht. Let’s explore the benefits of new yachts versus used yachts. Are you ready?
In the yacht market, like many others, used is less expensive than new. A pre-owned yacht is less expensive upfront when looking for a yacht, but there are other benefits as well. When looking at pre-owned yachts, you will find a considerably larger selection from which to choose. Though you won’t be able to choose special features to have installed, you have a greater chance of finding and existing yacht which is already equipped with those features. For the features you long for, you can still save money buying a used yacht and upgrading with those accoutrements later, rather than buying a new yacht with all the enhancements. Plus, used yachts have proven seaworthiness, and often limited surprises. It is still important to have your potential purchase checked out for any issues to ensure you are getting a great deal by buying used.
Pre-owned yachts, particularly those a few years old or older have slower depreciation rates, meaning if you hold on to your used yacht for a few years, you’ll like recoup much of your original investment when you sell. If you won’t be spending huge amounts of time on your vessel, you can also defray some of your expenses with charter rentals. You can enjoy your pre-owned yacht on your time and let charter rentals help you pay for your purchase or contribute to operating costs.
New yachts, like all new purchases, offer lots of advantages. Everything is fresh and new, equipped with the latest technology, and a warranty to cover any issues that arise. Your new yacht can be outfitted with all the features you need and want. From the most efficient mechanical and electrical enhancements, like Wi-Fi routers, to eco-friendly, energy efficient engines, a new yacht will be well-equipped. New equipment isn’t all, your new yacht will also feature the latest innovations in design crafted from state-of-the-art materials. A new yacht brings the promise of the latest design, including features like aesthetic improvements, enhanced fuel efficiency, and a more durable hull designed for speed.
On top of that your new yacht will be under warranty which means minimal maintenance for you to do for, in most cases, a few years at least. If you are shopping for your yacht at one of the big boat shows, you’ll also likely find deep discounts if you buy during the show as well the option to upgrade or enhance your yacht with the features you desire. Finally, you’ll nearly always find financing is available at better interest rates when purchasing a new yacht.
New Versus Used
Obviously, new yachts are more costly, and if you have a specific budget in mind, your choice may be limited. To help you in your search for the perfect yacht, new or used, consider hiring a professional yacht broker to answer your questions and guide you along the way. Once you have found your yacht, Lighthouse Point Yacht Club had the perfect berth waiting for you along with a host of amenities for you, your family, and your guests.