Buying a yacht is a big commitment, both financially and in terms of the time it takes to go through the buying process. We have put together this brief guide to buying a yacht, to help you through the yacht buying process.
Type of Yacht
The yacht buying process starts with considering what type of yacht would be best for you. When thinking about what type of yacht you need, you will need to consider what you will use the yacht for. As graceful as a sailing yacht is, a motor yacht tends to suit most people’s needs requiring less experience to run, more space and wider living area below decks, and the ability to travel at higher speeds. The size of the yacht is an important factor to consider, as this will determine how many guests you can entertain, and how many of life’s essentials you can carry with you. Whether you choose to go for a new or used yacht will depend on how quickly you would like to be out on the water. A new yacht can be ordered to your exact specification, however the flip side of this is that it will take time to be built. A used yacht may not be exactly to your specification, however it will take less time for you to be out on the...
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