|Rob Williams Reviews|
There are various valid points of view when considering whether to buy a new or used yacht and despite vehement professions either way, it all boils down to the buyer's decision.
The first and overriding factor of the purchase decision is to make sure your choice is based on the type of boat that will best suit your needs.
The selection criteria narrows once you decide whether you want a monohull or multihull; to do recreational sailing or racing; by day or liveaboard and whether your sailing will be in local, coastal or offshore waters.
Other factors to be considered are your likely crew numbers, especially the minimum number needed to sail the boat safely, which dictates equipment layout and specific accommodation requirements with relevant standards required, the location where the boat will be stored and maintained with the prevailing requirements and restrictions.
Seldom are there no compromises in yachts but frequently those purchasing new boats can get closer to their "perfect" boat while the compromises on used boats are usually more numerous so their buyers definitely need to prioritize their requirements.
Manufacturers of new boats are generally well tuned in to their market and their boats tend to be more spacious and easy to handle than their predecessors but you pay more on initial purchase.
For the majority of people their total budget is a limiting factor. This includes not only the purchase price but also the annual budget for maintenance and the inevitable replacements.
Storage is a fixed expense as it is based on the boat's size so there is no comparative difference but not so with insurance which varies with the value of the boat.
It's generally said that around 10% of the yacht's value will be the maintenance expense. Unfortunately this 10% is far from uniform. New boats come with warranty and after-sales service while used boats do not. Frequently buyers of used yachts spend reasonable amounts re-equipping their new boats to meet their requirements, which is not included in the 10%.
Also deferred maintenance can be a factor on used boats that have had "patchup" repairs rather than replacements which usually result in very expensive replacements down the track. Many owners have bought big cheap used boats and been shocked by the fact that all the equipment is expensive; the heavier the boat, the more weight the equipment needs to handle.
When selecting a new boat there should be options available to ensure the new owner has the equipment they require, but this does add to the boat's all-up price. Used boats are a mixed bag as some sellers have been meticulous with their maintenance while some have not. All components of yachts are relatively expensive so the projected "use by dates" of the equipment needs to be factored in for used boats.
It's also worth noting that in these days of built in obsolescence, that parts may no longer be available to repair equipment on older boats, requiring replacement with new fittings. Safety equipment needs to be purchased for new yachts. Used boats usually have this equipment but often buyers have to update this. In addition, survey costs for used boats are borne by the buyer. I've often heard it said that new boats depreciate the first time they sail. It's a mistake to think what the resale value will be years later.
Seldom do you recover your costs whether you purchase a new boat or used boat. Buying a private boat is not a cash investment, rather than an investment for your pleasure. With a new boat you should have a relatively easy time with replacements/repairs for quite a while, which you would not expect to have with a used boat. Some people find that the time spent arranging work on the boat significantly erodes their fun time on the water...others actually enjoy it.
The new boat costs more and the used less so the worth of the trade-off is a totally personal decision. It's wise to have a cost assessment that is as complete as possible before proceeding with any purchase. The table below might help and is based on boats in SE Asia.
Extra Equipment on Purchase
Repair & Replacement
Rob Williams has been involved in the sailing industry for over 30 years. A director of Yachtpro (Thailand) and SE Asia Yacht Sales, he has direct experience of owning and operating both new and used yachts.
A must have boat for those that have nearly everything. Hanse Yachts launched the new Fjord 48 Open at the Dusseldorf Boat Show and jaws were dropping.
Sleek lines, huge deck area for entertaining and luxurious interior make this an awesome, eye-catching boat. Sandwich laminates —Balsa above waterline with foam core below— and significant use of infusion moulding ensure a very high standard of structural integrity which is enhanced with bulkheads laminated to hull and deck and a structural internal grid.
The deck is surrounded by a solid bulwark for safety and there is ample sitting space for socializing or sunbathing forward. Her helm position features joystick control and additional seating.
A T-Top with an integrated Bimini covers her seating areas that feature retractable tables and backrests, a fully functioning galley and a sunbed aft. There are loads of options that include jet-tender storage.
Below decks she has two double cabins, with the option for an ensuite bathroom each, with over 1.90m headroom in the cabins, galley and owner's bathroom.
She is powered by twin engines with the option of a third engine. She comes with a 4kw/5kw gen-set standard with options for a bigger gen-set and air-conditioning. She has a comprehensive list of options that enable you to customize to your personal requirements. While not cheap, she is very competitively priced when compared to other boats in this market.
approx. 12 - 15t
2 x / 3x D6 435HP / IPS 600
26-30kn Max Speed: 33- 42kn
All Seas Design