Hey, Chris. I've listened to a number of your to-the-point videos and keep coming back for more. My question: Are Riva's like the 88 Domino Super worth the extra money, compared to other yachts? Thanks.
Great question; the short answer is Yes, because the Riva pedigree that you pay a premium for upfront trades at a lower volume on the secondary market. This makes it more difficult for sellers or brokers to determine efficient prices.
atcsulb yes that is a great question. The builder typically charges you around 20% up front to lay the keel with the remainder of payments to be made at certain milestones. The final payment is made at the time of delivery after sea trials. I can tell you that a good friend of mine accepted delivery of his vessel with the ‘checklist’ or basic survey performed by the manufacturer only to learn a year later when he sold the boat that there were a # of issues at the time of build that a full, unbiased and thorough survey would have up ($150,000).
Good question. Depends on the dealer and how long the waitlist is. Prior to Covid, you were looking at 15%. Now, the answer is tougher. Reach out on my site please.
Yacht salespeople are in reality realtors.
Hey, Chris. I've listened to a number of your to-the-point videos and keep coming back for more. My question: Are Riva's like the 88 Domino Super worth the extra money, compared to other yachts? Thanks.
Great question; the short answer is Yes, because the Riva pedigree that you pay a premium for upfront trades at a lower volume on the secondary market. This makes it more difficult for sellers or brokers to determine efficient prices.
Good Info
Does this also apply to buying a new yacht directly from the manufacture?
atcsulb yes that is a great question. The builder typically charges you around 20% up front to lay the keel with the remainder of payments to be made at certain milestones. The final payment is made at the time of delivery after sea trials. I can tell you that a good friend of mine accepted delivery of his vessel with the ‘checklist’ or basic survey performed by the manufacturer only to learn a year later when he sold the boat that there were a # of issues at the time of build that a full, unbiased and thorough survey would have up ($150,000).
Can the price of a new yacht be negotiated and how much margin can the manufacturer lose? I’m thinking of the Azimut Grande 32.
Good question. Depends on the dealer and how long the waitlist is. Prior to Covid, you were looking at 15%. Now, the answer is tougher. Reach out on my site please.