There is no denying that buying a yacht is an expensive purchase, even then, this initial capital investment alone is not giving you the real picture.
From the day you get possession of your boat, you are going to be spending a lot of money on the licenses, maintenance, docking expenses and crew.
Many experts say that you should factor in a minimum 10% of the cost of your yacht’s purchase price as maintenance expenses annually. This can run up to 15% – 18% if you purchased a pre-owned yacht.
Spending money on variable costs such as gas and engine maintenance makes sense, but if you are only going to use your yacht for say, 40 days in a year, you are probably draining hundreds of thousands into a hole in the water. Continue reading