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
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.