Better to rent or buy a yacht ?

Question

Renting is so expensive

http://yachts-de-luxe.blogspot.com/2007/12/yacht-boadicea-vendre-luxe-navire.html

Answer 1

I say forget the yacht and spend the money on expensive booze and cheap women.

Answer 2

If you think renting is expensive try buying and owning one.

Answer 3

rent

Answer 4

Think it is better to buy than

to rent :)

Answer 5

If it flies, Phucks or Floats, it's better to rent than to own....

Answer 6

Charter on or several to see what you like and need. Travel to some interesting places. Renting is expensive but so is owning a boat.

Answer 7

If you think renting is expensive try owning one. When you rent you get to walk away at the end of your rental period. When you own it you still have all the maintenance, dockage, insurance etc to keep the boat. It may be worth it to you if you use the boat often! I find owning is better for me.

Answer 8

Check this out for some answers:

http://ezinearticles.com/?Is-a-Boat-Rent...

Best Wishes

.

Answer 9

buy but if you explained the circumstances more i could answer in more detail.

Answer 10

I've owned, rented (chartered), and now own a yacht in charter management.   I don't think any of these options is better than another.  They all have their advantages and disadvantages and which is best will depend on what your circumstances and priorities are.

First of all.   Almost all charter companies require you to be fairly experienced, with having your bareboat certification being a loose standard for many.   I think it's also not a good idea to buy a boat without having the basic skills, so your first priority should be to go get experience, preferably by taking one or more courses through a reputable boating school.    The American Sailing Association is one school that offers many good courses throughout the world, but there are other great programs as well.    These courses will not only give you the skills and qualifications, but help you figure out what kind of boats and boating are best for you.    A less expensive way to get experince is to crew for other people.

The costs of ownership can vary so much depending on the boat and circumstances.   For years, I owned a 26-foot sailboat that I happily sailed many times to the Keys and Bahamas.    I'd guess that the average yearly cost over the time I owned that boat came to about 2k/year, and I cruised on her an average of about 6 weeks/year so it was clearly much cheaper than chartering, but a lot more work.     (A charter boat would have been newer and larger, but that doesn't necessarily equate to a better experience.)  Owning has the advantage of being able to use the boat whenever you want, including an hour evening sail if you so desire.

Chartering or renting has a few advantages however.    You don't have any of the headaches of boat ownership and you can charter anywhere in the world you want.  You are not stuck boating in the area your boat is docked or stored.    Also, if you decide you want to do something else with your time one year, you are not spending money on insurance, storage and upkeep on a boat you are not using.

Take some good boating courses and I think what makes sense for you will become clear.

Answer 11

Try renting to see if you like it. Owning has a lot of cost: insurance, dockage, and fuel if you go motor boat, being the three big items. Those cost do not go away whether you use the boat or not. Then there's maintenance and repair to keep the boats value up. Do you live in the hurricane area? Think about preparing and checking on your boat for every storm that comes along for 6 months out of the year.

When you rent, you can rent the size boat you need that day for the voyage you want to take: day sail, weekend, etc. When you're done, just tie it up and walk away.