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Ft. Lauderdale, FL, United States, 2006/03/12 - The following article will discuss what advantages there are to both and some basic tips to help you get a better feel for what your cruising plans really are.
The prospective buyer is quite literally on a voyage of discovery. Each buying option has their fair share of advantages, but what is really best for you?
Beginner sailors and seasoned pros alike are often tempted by the idea of a shiny new boat with their choice of yard-fitted extras.
This is perfectly understandable, particularly for those whose interests lie in the purchase for sailing vacations trade (where your new yacht practically pays for it), warranty or excellent after-market services. I would advise you to check the resale value of the model you are buying (or a similar one) and speak to other yard customers if possible.
There are advantages to going the pre-owned route as well – such as you won't have to wait to go cruising, there is a greater selection available, and you will get a lot more boat for your money too.
Try not to go beyond your budget, this is quite the investment and ideally you would still like to afford to go cruising somewhere! That is why you want a yacht, isn't it? If your heart is set on a new catamaran, take stock of what kind of equipment comes as standard. Does this package include everything you will need, or will you have to spend a lot more on cruising gear? You may have to calculate up to 20% on top of the base price for what you consider to be cruising gear essentials. If it's a pre-owned boat, the general rule of thumb is that you should allow 50% of the purchase price for a refit and additional equipment. Survey costs fall on the shoulders of the buyer and will also have to be considered. With any boat, take into account what your mooring or berthing fees will be, what your winter plans are as well as ongoing maintenance costs.
Cruising Essentials vs. Desirables
Prior to the start of your search for the perfect boat, I advise you to make a list of must haves and then put together a list of what would be nice. Figure out your intended use – will you be overnighting or coastal cruising? Do you require a minimum number of berths? Where will you be doing most of your sailing? This has a large impact on what boats are suitably designed for that type of environment. Do you need heating and or A/C? What kind of sail wardrobe will you need? Is there a decent tender with the vessel? Be sure to work out how much it would roughly cost to fit other less integral essentials after the purchase of your yacht. Now you have the framework put into place to work out if you can really afford the boat. If ever in doubt, take a step back and really look at the bigger picture - the boat will probably still be there tomorrow.
And Finally ...
Just kidding – there really is no 'and finally' for a subject like this. There could be a lot more said on construction processes, cruising gear and fittings, surveys, different financing options, tax breaks and maintenance – but the best advice is to get more advice!