To buy your own sailing yacht or to charter? That is the question.
Unless you are lucky enough to be regularly invited along to crew on a friend’s yacht, you have two choices for your sailing holidays: to charter a yacht or to buy your own.
Below, Dirk Agter, co-founder and CEO of Yacht-Match, reviews these choices and introduces a way to turn boat ownership into an investment.
Many sailing enthusiasts choose chartering over ownership. A charter client has the freedom to choose any yacht type and destination. Each sailing holiday can be on a different yacht, offering a great way to experience a variety of boat sizes and styles.
In addition, the charter client pays a fixed charter fee. This includes use of the yacht for the agreed period as well as support during the charter if needed. The charterer has no worries about unexpected maintenance costs, annual berthing fees or insurance.
For those who sail just a few times a year and don’t mind sailing in someone else’s boat this is a perfect option.
Buying Pre-owned vs a New Yacht
There are thousands of sailing yachts for sale around the world. You can easily find them by visiting marinas, brokers or by simply searching on line.
Buying a pre-owned sailing yacht has an obvious financial advantage, although older second-hand sailing yachts may have experienced a period of neglect before being put up for sale, often resulting in relatively high upfront maintenance or upgrade costs.
New sailing yachts have the advantage of a warranty, reduced maintenance costs and the option to choose your own specifications. Although naturally this comes at a higher initial price, and depending on the yacht you choose, there may be a frustratingly long wait for production, commissioning and delivery.
Turning Your Yacht into an Investment
Owning a yacht is attractive to many people; especially those who intend to live onboard or sail so regularly that they want to be able to leave everything on board.
For many others, despite a desire to sail regularly, the reality is that they may only sail a handful of times throughout the year. This makes it hard to justify the cost of owning a yacht.
However, if you fall into this latter group and are prepared to share your yacht with other people, then there are ways to turn your yacht into an investment.
Charter investment programmes aim to generate enough income from charters on your yacht to cover your running costs and even provide a positive return to offset depreciation. With a charter investment programme, you may have limited access to your yacht within the first few years, or peak sailing season in order to maximise the returns.
A reliable and reputable charter management company, such as Hamble Point Yacht Charters, will also aim to generate charter income from your yacht, but the emphasis is on ensuring your yacht is well maintained and available for you to use, rather than just focussing on financial returns.
The charter company looks after your yacht for you; this includes overseeing and managing the annual maintenance, any repairs or replacements required, cleaning, berthing, insurance and coding (ensuring the boat meets the safety requirements for chartering) as well as promoting your yacht to an audience of charterers.
All potential charterers are vetted to ensure they have the relevant sailing qualifications or experience to be able to safely sail the yacht and return her undamaged.
As the owner, you are able to pre-book your own yacht for your own sailing use, although the more weeks you take, the fewer weeks are available for generating a charter income.
Maximising Charter Appeal
Finally, some layouts of yacht are more popular than others for chartering. So, before purchasing a yacht that you plan to charter out , it is wise to consult with an experienced charter management company who can offer advice on the optimum configuration of your yacht to generate the greatest return on your investment.
Would you like to know more?
Hamble Point Yacht Charters has partnered with Yacht-Match, who offer unbiased information about (inter)national charter investment and management opportunities for privately owned sailing yachts. If you are considering buying a yacht, Dirk and his colleagues can match you with the best yacht charter investment or yacht management solution.
Yacht-Match offer a completely free-of-charge initial consultation to all Hamble Point Yacht Charter clients, so you can find out more about the options that might work for you at no cost. Simply contact Hamble Point Yacht Charters and ask for your free consultation with Yacht-Match.
**Southampton Boat Show 2018**
Dirk will be available on the Hamble Point Yacht Charters stand J089 at the Southampton Boat Show at 4pm between Wednesday 19th – Saturday 22nd August to introduce the Yacht-Match concept and answer any questions you may have.
m: +31(0) 6 4644 0794
We can recommend Hamble Point Yacht Charters on all points. Marvelous service, good price, great boats. An absolute winner!!
Just finished a fabulous week in the Solent with two friends. The chartered boat was in very good condition, considering she was quite elderly. Being the end of the season there were a few scratches on her hull, which were pointed out by the staff. However, the interior and engine were in first class condition, everything was ship shaped and worked. Bembridge then Yarmouth back to Buckler's Hard, finally returning to the Hamble. Winds mainly from either S or N of F3/6, just perfect sailing. Certainly, in the future, hope to repeat this experience with a very well run organised Charter.
Thank you for everything, certainly hope in the near future to charter again, and pleased to recommend the efficient way your organisation works
We charter regularly from HPYC and always find the boats are clean, well maintained and properly equipped. The handover and breifing process is always efficeint and thorough so we get away quickly and we know support is available if there are any difficulties. The marina locatioin is also a great plus, giving easy and quick access to the Solent with optoins ot go east or west depending on the tides. All of the team at HPYC are very friendly and helpful and we really appreciate the great service they provide.
Thoroughly enjoyed the week. Four days sailing with Leigh as skipper; made up the itinerary as we went along - across to Cowes then down to Lulworth Cove and back. Several of us have sailing experience but did not have the experience to navigate the tides and currents of the south coast. Leigh was brilliant - quickly got us doing all the work within our own abilities and his knowledge and experience was exceptional. Knew his stuff. Great fun and pretty good value for money all once you divided it up between the seven of us. Not quite enough storage for all the beer however...
Very efficient and friendly service, quick and slick handover and return. Communication with Alex was very good, both by telephone and emails. I’d never sailed a Gib Sea 37 before but Viola is quick under sail and motor, very noisy in tick over as was pointed out at the handover but equally quiet with a few revs, in fact almost ‘electric’ quiet one crew member remarked. The heavy kick to port in astern can be used to good effect when close quarter manoeuvring. Plenty of electronics ( I brought charts with me but didn’t need them, the plotter at the helm was great ) All in all, Viola was a credit to you and I wouldn’t hesitate to charter her again... Although I do like the look of the Halberg Rassey on the next berth ! Perhaps next year? Many thanks Alex and the team.
We had an excellent weekend on board a 36 ft yacht, Aeolus, chartered from HPYC. The boat was in great condition, fully equipped with no problems at all, Booking, collection and returning the boat all went very smoothly and the staff were all super friendly and efficient. Hamble Point Marina is also a really nice spot and a great place to start out from. HPYC will definitely be our first choice for our next charter.
Had another amazing week sailing thanks to HPYC. The team here are so friendly; Alex, Josh and Dave are a really credit to the business - nothing seems to much trouble and we shall definitely be visiting again next year. Here’s to hoping we have another mid 20’s heatwave.....please.
When asked what do HPYC do really well... 'Presentation and quality of yachts on offer together with friendly and helpful staff, willing to be flexible and to accommodate client's wishes.'
We were let down extremely last minute by a chartering company for a hen do. With just 3 days till the big day I started getting a little panicked! I had no need to! I spoke to Karen in the office who was extremely helpful! She went away to see what she could do, not only did she come back with a skipper and a boat, she was also able to provide everything and more, that we were due to have on the original booking. She also beat the price! We went out on the southern comfort with josh who had given up his afternoon off to take us out. Josh was amazing. Very funny and a great sport when it came to a bunch of crazy hen women! Thank you so much for all of your effort and going above and beyond for us. This was the best hen do I have been on due to all of your help
We chartered a boat with Karen, at very ,very short notice after a previous company informed us that they had doubled booked and were cancelling us. Karen was amazing & did everything that she could to get us booked in and keeping us informed all the way. Well what a blessing the cancellation turned out to be. Our skipper Josh was open ,friendly, informative and fun! The weather was extremely hot and he had 7 (well behaved)women to contend with. The trip was for my little sisters hen day, as we all love a boat trip this was a 'must' for part of her day. the boat was beautiful, clean and stocked with drinks and a lovely buffet, we were allowed to 'take the wheel' for a while and Josh didn't mind the constant questions that we bombarded him with. (if he did he was a gentleman and didn't show it). Everyone had a wonderful trip over to the Isle of Wight and back and I cannot ever say thank you enough for the smile on my sister face for the whole trip , when she kept saying 'I feel like a Wag & this is so much better than a pottery painting class. hahaha! Well we will definitely be back (if they will have us).
We chartered 2 boats which were both fantastic - skippers were relaxed and friendly and encouraged some of the more inexperienced among our group to have a go on helm, which resulted in a fantastic and participative day for all on board. We were blessed with perfect conditions for sailing, a truly amazing day on the water.
Dealing with Hamble Point Yacht Charters has been a great experience. The whole team are very professional. We took 2 boats out onto the Solent with 24 clients to experience a day’s sailing. They had an exhilarating time and thoroughly enjoyed themselves. The offices are conveniently located with ample parking. They are also situated very close to a restaurant who provide excellent crew meeting facilities with great tea, coffee and bacon rolls – I will be using Hamble Point Charters again
Just an email to say thank you very much to the whole team for all their hard work on our corporate event last week. Another fabulous event on Seafin this year and we were very spoilt with the weather! We always receive so many compliments about the day from our guests. The food was fantastic and the staff are always great year on year. Looking forward to next year already!