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Captains & Crew

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Carter Reyes
Carter Reyes

I Want To Buy A Yacht

All categories of yachts have their pros and cons. One boat can be perfect in a certain situation, but not suited for some others. If you plan a transatlantic journey, you will not have the same needs as someone looking for a catamaran to sail the shallow waters of a tropical island.

i want to buy a yacht

Whether it is justified or not, aesthetics is a big part of narrowing down your options when you are buying your first yacht. Everyone wants a yacht that is a true eye candy. Many of them are unique and have lines or interiors designed by prestigious artists and shipyards.

Knowing what comfort you expect is very important. The comfort is directly related to the size of your yacht, its equipment and therefore whether or not it will need a crew or specific skills to operate it.

On the other hand, if you choose a yacht too big, you might have a vessel extremely comfortable but you will likely need a crew to operate it and the costs for both purchase and maintenance are higher.

This is not the worst part of our process.Take the time to visit the yachts that interest you. For a new boat, the easiest way is to go to a boat show where your broker will arrange a visit and private test.

Finding a marina or a harbor to dock your yacht can be difficult in some areas. So if you know your marina is in high demand, it is worth checking how long it usually takes to obtain the holy grail: a spot to dock your new jewel. Even if your yacht is not exactly bought just yet.

You can finance your yacht in different ways: ask for a loan at your usual bank, pay it cash or lease it.The choice of the flag of your yacht is also usually made at this stage of the purchase. It is generally chosen according to several criteria such as home port, sailing area, commercial activity or not.Many flag of convenience options are available in addition to the usual options in your country of residence. Your specialist broker will be able to help you make a choice, or will refer you to a professional in the sector.

Buying a luxury yacht is a big decision and with so much choice available. It is important that you ask the right questions and think through exactly what you might want to find the perfect match.

Setting your budget will help to filter out some available options and affect some of the key points to review (outlined below) with budget having an impact on many factors such as size. Having established your budget you may decide that buying a brokerage yacht is a better decision than a new build project as you may be able to get more yachts for your money rather than building from scratch.

Motor versus sail? Some people will instantly be able to answer this question, others may prefer to view both types of the yacht before making a final decision. Each yacht type offers very different experiences of ownership and has its own advantages. If travelling under sail, or involvement in the vibrant and busy sailing regatta scene appeals then a sailing yacht may be for you. If you are looking for more onboard space, stability, and a better communications setup, a motor yacht may suit you better, with motor yachts also often being more popular with families.

Size can come with usage restrictions, so it is worth thinking carefully about how you will use your yacht. Do you want to visit areas that necessitate a shallow draft, or are you planning to stick to bigger, deep water ports? Make sure you choose a yacht big enough to accommodate the number of people you would like to host on board. Remember the bigger the yacht, the higher the running costs.

New versus used can be the biggest decision to make, with clear advantages to both. A new build allows you a clean slate, no surprises or secrets, and with as much creative vision as you like. If buying pre-owned there are also many benefits, including a short wait time before taking delivery, a lower cost price than a new build, and the ability to try before you buy. If you are buying a brokerage yacht you may wish to set a limit on the age of the yacht when undertaking your search.

Deciding on the type or style of yacht is a very personal choice and you may have a distinct preference of the designer, builder, hull type, and more. If having a one-of-a-kind is important to you then a custom build is likely the best option. Many owners opt for tried and tested production models, or a compromise between custom and production with a semi-custom model.

Hull type, including number of hulls, is very relevant to how you wish to use your yacht, with displacement, semi-displacement and planing the main choices. The exterior styling is another very important and personal choice, with a wide range of designs on offer from explorer yachts and classic sailing yachts to fast, streamlined modern yachts.

When deciding accommodation needs there are several questions to ask. How many people would you like to be able to welcome on board? Will you be chartering the yacht and is it a charter-friendly accommodation layout? Do you want complete privacy between the crew and guest areas? Does the yacht need to have child-friendly accommodation or have good disabled access with lifts and ramps? What service level are you expecting and can the yacht accommodate the number of crew that will meet these expectations?

Where you would like to use your yacht can have a big impact on the type of yacht you choose. Some cruising areas may have restrictions such as a shallow draft. Does your yacht need to be able to travel long distances or be hardy enough to endure extended ocean passages, and will longer trips require extra onboard storage? If you are planning to keep your yacht in a hot/dry/cold environment has it been designed with this in mind? Is there a particular port or marina you want to moor in and does this have size/draft limitations?

Some people like to get from A to B fast, with speed being incredibly important to them. Others may place more importance on comfort and stability when at sea. If you are planning extended cruising you should ensure the yacht you choose has a great enough range to achieve the required distances. Your chosen hull type will also have an impact on comfort and speed.

The interior design is one of the best ways to make your mark on a yacht and finding a yacht that is to your taste is crucial. You may prefer a classically styled yacht or perhaps a more modern look. Are there particular items or pieces of artwork you would like to bring on board and will they work alongside the interior? You may also be seeking an interior that is the work of a particular designer. If the existing interior is not to your liking but everything else about the yacht meets your requirements you might consider the option of an interior refit.

Depending on how you plan to use your yacht there may be onboard features that are desirable or must-haves. If you are a lover of the outdoors and/or watersports a beach club or ample storage for toys and tenders will likely be a must. If you plan to entertain, dedicated dining areas, outdoor spaces and a spacious galley will be important to you. There may also be certain design aspects, such as large windows, good indoor-outdoor flow, or a private owner's deck that appeal.

If you are planning to charter your yacht you will need to ensure you are buying a yacht that is either already compliant, or able to be made compliant, with the various rules and regulations that will allow it to be chartered out. Note that a charter-compliant yacht can be a real positive when it comes to resale down the line.Private ownership means you need to think of no one but yourself, while charter yachts may be styled or designed with a wider audience in mind. Consider whether you are willing to share your yacht with others and whether you are happy to have a layout/interior that is suited to a charter audience.

Based on all the above information, your IYC Sales Consultant will send you a comprehensive overview of the market along with a list of yachts that are strongly recommended to you and that meet your wish list (attractive price/good value, good condition, interior layout and decor that fit your criteria). The list will most probably include yachts that are not officially on the market but that our global sales team has direct access to through its network of contacts.

Following the initial market search results and after exchanging information with your IYC Sales Consultant, a shortlist of approximately five to eight yachts will be created. Your Consultant will then be able to provide you even more accurate information on the shortlisted vessels (closing price indication, detailed condition assessment, highlights, or potential problems), and also provide information on important aspects such as the approximate annual running costs based on usage for you to make a fully educated decision on which are your preferred yachts to take a closer look at.

Next, your IYC Sales Consultant will arrange visits to all shortlisted yachts to allow you to see each yacht for yourself and get a real feel for what the yacht is like. Your Consultant will be able to assist with all related logistics around these visits, whether this entails transport, accommodation, or fine dining. Please note that all yachts will be pre-vetted before your visit. If none of these yachts are to your liking the search and shortlist process will continue.

Once the condition of the yacht is accepted, the sales process will be handled until the actual closing day by your Sales Consultant. In the meantime, your Consultant will work hand in hand with our crew agency and yacht management department to guarantee a smooth transition of ownership and take care of details that will make your experience of owning a yacht as enjoyable as you imagined it.

The U.S. seized its first yacht earlier this month, the 225-foot yacht Tango, owned by sanctioned Russian oligarch Viktor Vekselberg. According to the Justice Department, the yacht is believed to be worth at least $90 million. 041b061a72


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