Many yacht/gulet owners choose to enlist their new boat in a charter management program to offset some of the costs of ownership. Yacht charter programs vary greatly depending on the size and location of the yacht you buy. Some yacht charter programs offer daily rates, while others are truly luxury vacations with the full crew, captain, private chef, water toys, and are offered at weekly rates that can easily exceed $150,000.
Turkyacht can walk through the pros and cons of enlisting your yacht/gulet into a yacht charter program. While the ability to offset the cost of the yacht (and potentially receive some tax breaks) is appealing, you will have to make some concessions on your yacht’s availability for private use. Still, if you plan on re-selling your yacht in the future, offering it through charter can help prospective buyers fall in love with it after a week in the East Mediterranean. Turkyacht Team can help you discuss your options and what your new yacht/gulet could fetch on a daily/weekly basis if marketed properly and advertised through the right online channels.
How Does Buying A New Yacht/Gulet VS A Used Yacht Affect Your Investment?
There are, on occasions, opportunities for yacht/gulet owners to sell their yacht/gulet, after using it, for the same price they paid for it. Sometimes they even make a little more to recoup some of the maintenance and storage costs. While rare, there are generally two scenarios where this happens. Late-model, gently used yachts/gulets for well-known, reputable brands, that have low hours, and are loaded with the latest features can sell to the right owner for a higher price. Many times yacht/gulet enthusiasts that are in the process of building a new yacht/gulet don’t want to wait for the construction to finish to start sailing. In these cases, it is somewhat common for these listings to sell quickly simply because of the demand on the market.
Secondly, a yacht/gulet can become an investment that delivers a profit when a pre-owned yacht/gulet is purchased at a very low price due to maintenance problems, out-of-date equipment, broken engines, salvaged from sinking, and other issues. Owners that have a passion for yacht/gulet restoration may wish to put the time, money, and effort into re-building the yacht. This can be a difficult and labor-intensive process and should be looked at more as a hobby.
If you’re buying a new yacht/gulet, expect at least a 15-20% reduction in value within the first year. While this is not a smart financial decision, there are tremendous lifestyle advantages that come with yacht ownership making it a cherished investment in yourself.
