Deciding which yacht to buy can be tough. You have to decide on the right size, the right features, and the right price for your budget. To help you decide whether to buy a new or used yacht, let’s take a look at the advantages and disadvantages of both options.
Advantages of buying a used yacht
When deciding to buy a new or used yacht, price is by far the biggest reason to go the pre-owned route. While there are still plenty of expensive pre-owned yachts, if you're working within a tight budget, choosing used is a great option. Not only is the price lower, but like a used car, much of the value depreciation has already happened, so a used yacht will hold its value better as well.
The disadvantage, of course, is that you really never know what the yacht has been through. Attend the survey and ask questions, but be sure to do your own thorough inspection. Small things like a broken lever can go unnoticed but can indicate a bigger problem under the surface.
ADVANTAGES OF BUYING A NEW yacht
When you buy a new yacht, you can get exactly what you want. With used yachts, you essentially have to take what’s available, but with a new yacht, you can choose all the right features and conveniences to fit you needs. New yachts are clean, neat, and shiny, and it's very unlikely to have engine troubles with a new yacht. Also, if anything goes wrong, you usually have the backing of a manufacturer’s warranty, which helps reduce or eliminate the overall cost of repairs.
Price, however, can be a real downside to new yachts. You will, in most cases, pay more for your new yacht than if you were to buy a comparable used one. You’ll also have to assume most of the value depreciation.
See our available new yachts here.
Ultimately, making the decision to buy a new or used yacht can be a challenge. Whatever you're looking for, we can help you find the right yacht to fit your specific needs. Contact us or call us at (213) 260-0155.