Owning a yacht can be considered the pinnacle of luxury because not only is it a significant investment, but is usually reserved for the exclusive and high-class with deep pockets. In terms of size, some aren't that big while there are some that equal the length of a soccer pitch.
It goes without saying that you need to be pretty rich to be able to afford one - and that excludes the routine maintenance that comes with it. There are a few things to note about buying your first yacht and what the ownership requires from you.
Consult with a yacht captain or a yacht management to learn more about popular terminology and how to handle a motor yacht or a sailing boat. The last thing you want to do is get yourself into a situation whereby you get taken advantage of by not knowing anything about the product i.e yacht.
Gumtree lists some of the most important points to keep in mind before buying a (used) yacht:
Know the prices - One of the most helpful tips for buying a yacht is to understand how much it is likely to cost. Mass-produced models tend to be cheaper, while semi-custom or full custom ones is well into the six-figure region.
Learn the basics - Speak to someone who currently owns one and ask them about ownership. By grasping the fundamentals, you will no longer be a gullible buyer susceptible to deception which is frequent when it comes to buying and selling.
Take it for a sail - Just like you would do with a vehicle, a sea trial is to check the vessel’s systems, engines, generators, electronics, and other components that need to be running in order to be inspected.
As a precursor and to provide a possible measuring stick for the market, these are five of the most expensive yachts in the world:
Now that you’ve got the knowledge, it’s time to shop! Head to gumtree.co.za or your Gumtree app (click for Apple & Android) and don’t forget to use your location settings to find local service information close to home.
It goes without saying that you need to be pretty rich to be able to afford one - and that excludes the routine maintenance that comes with it. There are a few things to note about buying your first yacht and what the ownership requires from you.
Consult with a yacht captain or a yacht management to learn more about popular terminology and how to handle a motor yacht or a sailing boat. The last thing you want to do is get yourself into a situation whereby you get taken advantage of by not knowing anything about the product i.e yacht.
Gumtree lists some of the most important points to keep in mind before buying a (used) yacht:
Know the prices - One of the most helpful tips for buying a yacht is to understand how much it is likely to cost. Mass-produced models tend to be cheaper, while semi-custom or full custom ones is well into the six-figure region.
Learn the basics - Speak to someone who currently owns one and ask them about ownership. By grasping the fundamentals, you will no longer be a gullible buyer susceptible to deception which is frequent when it comes to buying and selling.
Take it for a sail - Just like you would do with a vehicle, a sea trial is to check the vessel’s systems, engines, generators, electronics, and other components that need to be running in order to be inspected.
As a precursor and to provide a possible measuring stick for the market, these are five of the most expensive yachts in the world:
- Rising Sun, David Geffen - total cost $590-million
- Seven Seas, Steven Spielberg - total cost $200-million
- Main, Georgio Armani - total cost $76-million
- Maraya, Puff Daddy - total cost $65-million
- Privacy, Tiger Woods - total cost $20-million
Now that you’ve got the knowledge, it’s time to shop! Head to gumtree.co.za or your Gumtree app (click for Apple & Android) and don’t forget to use your location settings to find local service information close to home.
