Whether you decide to buy a new or a preowned yacht you are going to have to narrow down your choices by deciding on a size and style of motor yacht. As we have discussed in previous articles in this series, your budget will influence your size options to a degree. Generally speaking, you can probably get a larger used motor yacht, for the same price as a smaller new one. But, in either case, buying the biggest yacht you can afford, should not be your only deciding factor.
As with many of the other decisions you need to make regarding your motor yacht purchase, to find your ideal size, you need to ask yourself how do you want to use your yacht, and where do you want to go?
Size Does Matter
When it comes to where and how you wish to use your new motor yacht, size does matter. If you have a family, and/or wish to entertain a few guests, you are going to want a size and design of yacht that is large enough to have 3 or 4 cabins. A four cabin layout is also ideal if you intend to consider putting your yacht into a charter fleet, to offset expenses. Most charters are designed to accommodate 12 guests.
You also must give special consideration to where you want to do most of your cruising. Not all harbors are large enough to accommodate the largest of motor yachts, so you need to be aware of the draft of the boat you are looking to purchase, and the accessibility to the harbors you would most likely be traveling to. Also, the larger the yacht, the more expensive she will be to dock, and the harder it will be to find adequate dockage.
Other Size Considerations
Beside dockage, and where you want to use your motor yacht, the main thing to keep in mind is that across the board, the bigger you go, your expenses will increase proportionally. Bigger yachts will have bigger engines, and consume more fuel. There is also a size point, generally around the 60 foot range, beyond which you will probably no longer be able to drive the boat yourself. Crew requirements too, increase, as you go up in size, with a 60- 80 foot yacht, perhaps only needing a captain, and larger yachts of 100 feet or more in need of a first mate, an engineer, and other crewpersons. Even lead time, and when you want your boat is something to consider, when thinking about size. Because, if you are buying new, depending on the level of customization involved, generally speaking, the bigger the boat, the longer she will take to build.
How Your Broker Can Help
As you can see, the decision of new or used, is not so cut and dried. Like everything in your yacht buying experience, when it comes to size, do your research. Thinks about the things we have mentioned above to consider, and ask around. Talk to other yacht owners who own yachts in the size range you are considering. Does their real world experience, match up with your expectations?
As always, your yacht broker can be instrumental in considering size. He, or she can help you to evaluate your wants, needs and budget, and match you with the new or used boat in the size range that is right for you.
Next Week: We’ll discuss the advantages of shopping by brand or manufacturer.
It’s not always easy to stay on top of what’s new in motor yachts. If you would like to benefit from our expertise in these areas, or if you have any questions or comments about this blog post, do not hesitate to contact our Sales Specialists, or call us at (855) 318-6328.