@C Johnson It's an investment in yourself, your happiness and your well being. Often people that can make these kinds of "investments" have already made sufficient money so that a return in increased happiness is far more important than an additional zero on the balance sheet.
C Johnson I'm guessing the kind of people that buy these yacht have enough money not to bother about the cost of the upkeep on them. If you have enough, the interest generated on your money alone could pay for it. I use the term 'invest' not in the normal sense. You don't just invest money, there is your time, your passion. Tbh if I bought one, it would be for my use, and family and friends.
C Johnson, I’ve read that using your yacht as a charter, you come close to the upkeep costs. You have to have a crew and especially a captain that is a joy to be around. Certainly to get your yacht close or under a charter. A good charter broker is a necessity.
@C Johnson a yacht will never make money its purely a emotional investment on your part it will never make financial sense even those who charter them out are only able to pay for the upkeep of the yacht itself
Great video, but at the end of the day if you only plan on using it two or three times a year then charter is the way to go. If you have money to burn then buying is the way to go because ownership is like burning money. To come close to a brake even on off setting your costs, you have to charter out your yacht 15-weeks a year or more. That doesn't even factor in what the yacht cost. Yacht ownership is NOT an investment, its a life style and if you can do it you will love it.
Knowing your captain and crew greatly enhances ones life style. They get to know what you like and if you are a good owner get to know your crew, this is so important. I know a person who doesn't even acknowledge his crew which makes them I guess dislike him. Perhaps this says more about me than my yacht but a number of my crew have become friends, a few look down on this for some reason!
Stephen Morgan I couldn't agree more. Whether its on my own yacht or on a charter I always make a point of taking the crew out to dinner at least once per trip to give them a night off when we are on board, get to know about them and let them know how much they are appreciated.
Having tons of money doesn't make one a better human being than someone else with little money, it just makes you rich. Every human being, be it your staff or a total stranger, deserves to be treated like one, with dignity, respect, empathy and compassion. The love and admiration you earn from those around you makes you a better human being. Sometimes, all a person working for you needs is a little appreciation and acknowledgement for the work they do. No amount of money you pay them can substitute for a pat on the back for a work well done and a greeting with a smile on your face, possibly on a first name basis. Cheers!
Stephen, you make a good point and it stretches farther than just a yacht. It's a fine line to run a crew with some familiarity but also understand the unique relationship. As the owner you are an employer and should lead them in a way that has good outcomes from you and them.
Having tons of money doesn't make one a better human being than someone else with little money, it just makes you rich. Every human being, be it your staff or a total stranger, deserves to be treated like one, with dignity, respect, empathy and compassion. The love and admiration you earn from those around you makes you a better human being. Sometimes, all a person working for you needs is a little appreciation and acknowledgement for the work they do. No amount of money you pay them can substitute for a pat on the back for a work well done and a greeting with a smile on your face, possibly on a first name basis. Cheers!
Very interesting video. One question if I may: why on Earth is the charter industry ignoring the gorgeous Canary Islands? I honestly don't get it. All 7 islands are fantastic but I see the great potential that Gran Canaria, Fuerteventura and Lanzarote offer. An amazing trio of islands to hop on and off and enjoy their weather, culture, history and cuisine, especially in stunning Gran Canaria.
Cran Canaria and the Azores are not too far away from the Med. So in case someone would like to charter a yacht for a trip around/to these isles, they are in reach. Might cost some money (fuel and time) which the charterer need to pay for.
David, this is absolutely fantastic information. Of course you could elaborate for hours on each point, and still never really answer the question fully. Such are decisions of this magnitude. There is no perfect anything! Stressing the importance of the Captain (being a retired Airline Captain, people don't choose us but will know the good one from the bad quite easily) cannot ever be stressed enough. Matter of fact, were I to be in the market, I might actually find my Captain even before the yacht and have him/her be involved from day ZERO. Now looking forward to the new vs. previously owned blog. That should be even more interesting! Thanks for doing these!! Capt. Chet.
Very interesting video as you seem to have read my mind and covered a subject that I have been kicking around for some time. Great food for thought. Thanks David.
I will continue to charter for a few reasons 1) only three weeks of my year are on water 2) my 29 meter makes me num with silly expenses from dock line to engine management. 100$ to me is still 100$ if you catch the drift.
I really enjoy your videos. Im a disabled British Army veteran. I served on Landing Craft and Mexeflotes and small fast boats etc in RCT Maritime Fleet. Also worked in many jobs. Now Im flat bound, and recently started to watch super yaght videos on youtube. Just want to say thankyou, as its good therapy believe it or not. Love seeing the whole vessel from bow to stern crew and guest areas etc. Ive just shy of 950 videos saved in my RUclips folder (private, as wouldn't share public other peoples videos that they want to be viewed on their channels. To build up likes and subscriptions). My fav yaghts tri-decks, also sime of the Trawler Yaghts. I love the Sunseeker 17million 131, Princess 30m 6.1 million, Andromeda and Ulysses. These were the first I viewed. Love every style from the super expsensive mega gigi superyaghts, down to the cheaper and smaller Trawler yaght 45ft and 30 to 40ft yaghts. Hope to find you on Instagram and facebook. Many thanks. Didger
Can you make a video on “how do you know you’re getting a good deal” for yacht buying I look at yachts online quite frequently and always run into the issue of is it over priced under priced or a good deal I just don’t have that knowledge
Even watching these type of your videos brings me relaxation and joy. Thanks a lot. Inspiring to dream big but still I can't see myself having a Superyacht myself.
Hi David, TY very much for sharing your expertise on this subject. You brought up many pts that I had never considered before. Luv your high quality and always informative videos. Cheers from Vancouver, Canada!!
I don't think I can ever afford a yacht, we don't talk about hundreds of thousands of euros but millions, I just bought a new car and I already feel happy even though I have higher expectations, in all cases if I ever could afford one you'll be the person I would address, when you do anything with devotion and passion the results are seen. I believe that with your job you makes a lot of money but still you are here to talk about yachts and we see your great knowledge.
The best advice for a wealthy person who wants go super yacht nautical is to charter a few times to get used to being on a super yacht, then if you like it you can go down the buying route.
Thanks for selecting such an interesting topic. One topic I have thought about was considerations made for an Engineer. Often that is the workhouse. Captain Kirk is only as strong as his Engineer(s) (Scotty?). And I have noticed that many 30-50m yachts often have a small office/tool room, as well as an aft Bedroom (ensuite). Like the Captain might have. I wonder if these accommodations affect resale? Thanks for the video.
Better said: Yacht = Liability, not an asset. Asset = anything that puts money into your pocket. Liability = anything that takes money out of your pocket.
In the United States you can start a business renting the yacht for five years and take deductions expensing the costs. Then you could have the yacht to yourself at a considerable lesser cost.
I think perhaps if you use the yacht at least 12 weeks out of the year then buy the yacht. Seems yachts charter for about 0.5-1% of its value so 3-4 months worth of charter equates to the annual 10-15% depreciation.
Owning a yacht by either chartering or buying is quite hard. Some wealthy people is very busy with their work unless they are a businessman. If your captain calls you about your yacht in a middle of a meeting makes you feel distracted and stress from the news of your captain
I don't know if you have covered this before but some suggestions for videos would be should you buy your yacht in cash or with a loan and what percentage of your income should you allocate for a yacht whether it's cash or with a loan, also if you buy a yacht and charter it out, do you usually make a profit, break even or have a small loss?
Hi Venom, Watch the video from David regarding the cost of running a yacht, which he referred to in this video. And read my comment as well, regarding the cost of fuel for the generators. And then compare the charter costs for a yacht of a similar size. And you have your answer of how long you need to charter out a yacht to cover the annual cost. ;)
I’d like to hear your comparison between fraction ownership and just chartering the yacht. To me is seems like the difference between time sharing and just booking a hotel room and clearly time sharing is a rip.
I asked on his latest video. He replied thank you he knows what the problem is but can't immediately get back to his computer to fix it because he is on the road to another port/builder.
Your videos are beautifully produced. I am quite fond of the yachts using hydro electric power such as the Wider 150, 160. Are these 'green' yachts permitted to sail in areas others are not due to environmental regulations? Also, what yacht is illustrated in the background of the office shots?
Very interesting video as you seem to have read my mind and covered a subject that I have been kicking around for some time. Thanks Henry Kock from Aruba
Do charter companies typically own the yachts? If not, then who owns them? Do charter companies look for a charter broker who will find boats to rent out? Is that on a monthly basis?
Greetings, You once did a video where you played like three different types of buyers of three different size yacht's and you went into great detail about the cost of buying and operating them. I have tried to find that video again but I don't see it. Could somebody link me the video or give me the title of it so I might find it. Thank you
I personally think that you must understand and get head around either if you have enough money to run the yacht or charter just to get experience, but if I would be buying a yacht I would firstly get charter for a 10day to see how all works. But you must have in mind all the types of running costs, crew salary etc...and would you want after your personal use put your yacht for charter for next year to gain some investment money back. Very interested. David? Who would be best point of contact for New/used yachts to buy as one of my friend are asking? Based in UK, and is Nortrop & Johnson web site to go for?
I get the sense that Owning a Yacht is like trying to keep a Mistress the Wife knows all about. Chartering makes more sense if you're only going to use it a couple times a year. I know I don't need to elaborate. ;)
I’m only going to get a sailing yacht when I can. Monohaul boat that has both sails and motor. I also want it to be big enough so I can store a lot of stuff and have people on board, but small enough to where I can be the captain of my own yacht. I want to be able to the be the owner and captain at the same time. Are there any boats I can buy that fit that description?
Do the dancing working girls come gratis or are they an extra you have to pay for? I'm assuming they were working girls because the only male I saw was their minder (Well, he looked like the girl's minder) and yourself.
Dear David, thank you for the great video your adding frequently on your channel. I have a question: why, on some charter yacht, it is mentioned that those can't be chartered to US citizen while on US waters ? thanks for your answer
I have been watching your videos for 1 month now but you really got me with this vid. I am in the position of working hard hoping to have that life style one day. Hopefully, I can make it before you retire so you can be my broker. Thank you and subcribed.
@@michaelkelly4246 yeah turn out the few first minute of his video only music playing. my bad. i skip to middle and hear him speaking.This video need a to re-upload.
I saw a good example just a few days ago where Michael Blakey (ProducerMichael on RUclips, link to the video: ruclips.net/video/j4KmAushc0w/видео.html ) talked about his most expensive mistake. He bought a mega yacht for $30M just to discover he was extremely seasick prone on the very first journey... He told the captain to return to port and used it as a party boat for a while before selling it at a substantial loss. Should've chartered first... 😉
David i think your channel could cover a more broad area of yaching! You dont seem to cover the biggest part of the yachting market! Im talking production yachts from 50 to 80 feet! This part of the market is also more accessible to most! How many viewers would be in the market for a 120 foot vessel! Almost none but there would definitely be viewers watching that could be in the market for say a 60 foot yacht and also people that will one day be in the market for a smaller vessel!! I may be in the market in the future for a smaller vessel and there is no channels at all covering this side of the market except channels like boatsales that just show the yacht! I really believe you will gain a broader audience doing this! Its great to look at superyachts but they are out of reach for 99percent of us! People believe it costs millions per year to own say a 60 foot vessel and thats actually not true! If you captain yourself these vessels are well within reach if your smart and educated and thats what you could teach! There is many out there that would think its impossible to own what is actually within reach!! Just a thought!! ⚓🛳
Hi Baddazz Garage - first of all thanks for being a regular viewer. I read your comment twice and you are absolutely right. At the moment I am getting requests from very large yacht builders to cover their yachts, but I should hunt out the smaller ones too since as you rightly say this can appeal to a much broader audience. Generally speaking large yacht manufacturers will deal with brokers, whilst yacht manufacturers building up to 80' will be tied to a dealer network... so it's not always easy to get information from them - however, it's worth pursuing. Watch this space!
@@Yachtsforsaleblog thanks David for reply yes i have had trouble getting solid information from dealers and i fully understand your buisness is in the higher end but your broad understanding of the yacht industry you could use to your advantage in the smaller range with education for us less wealthy people wanting to get into yachting! I may be able to invest in the near future and i cant find any platforms to educate myself like youtube channels ! I am looking online trying to learn as much as i can because if i do invest i will not be financially strong enough to purchase a second time! I need to get it right the first time basically! I have learned alot from you your the only place ive found sound information and i really do appreciate it! Im always watching every video you make so i look forward to more educational vids! One question ive heard that princess yachts quality has dropped! If you were to purchase a yacht from princess , sunseeker, sanlorenzo or azumit in the 60 to 80 foot range who would you recommend?? They are my favorite vessels but ive had a few replies to comments saying princess are not what they were quality wise! Thanks again David talk soon!! Glenn Walker
BADDAZZ GARAGE I understand your point, but I think most of us watching won't ever be able to afford anything bigger than a kayak and are just here out of curiosity about the super yachts even though we know we'll never be anywhere near one.
@@Primalxbeast if you can find 1 or 2 people you trust you can purchase a used yacht 60 foot for 200k each! Docking fees about 5k each year! Fuel 2k each for a decent trip and maintenance 2k each per year! So 200k each to purchase and 8 to 10 k a year to maintain! This is alot more accessible than you may think! Even 600k to purchase on your own is very accessible around retirement! Yes alot wont be able to afford but yachting is not out of reach as much as you may think! Most people who own a yacht are actually part owners!! You can actually pick up an older yacht for 250k 60 foot long! Work hard and be smart with your money you can achieve it!! Their is a RUclips channel called trying not to sink! Check out his channel he has a video on costs and his purchase price of 65 foot hatteras! Yes its an older yacht but its very nice! I think you may be surprised!! Good luck dream big my friend!!
From a previous Video---When you were called out on the pronunciation of "Giga" Yachts---As an English Teacher among my many Professions, just say in response " Big A@@ Boats"-- I know you'll enjoy this humourous Comment- from fisherman19@gmx.com
that's a dumb comment....high net worth individuals are CONSTANTLY weighing their options in terms of risk/reward & cost/pleasure....that's why they ARE rich.
Buy or charter a super yacht....not sure why I'm watching this, I can barely afford my Nissan. If anyone needs an armed security guard for their yacht let me know.
I am so addicted to your videos. I dont ever plan on buying one of these but its still interesting.
Personally, if I was in the market to buy a yacht,
I'd charter one first, to see if it was something I would really enjoy and invest money into it.
@C Johnson It's an investment in yourself, your happiness and your well being. Often people that can make these kinds of "investments" have already made sufficient money so that a return in increased happiness is far more important than an additional zero on the balance sheet.
C Johnson I'm guessing the kind of people that buy these yacht have enough money not to bother about the cost of the upkeep on them.
If you have enough, the interest generated on your money alone could pay for it.
I use the term 'invest' not in the normal sense. You don't just invest money, there is your time, your passion.
Tbh if I bought one, it would be for my use, and family and friends.
Joshua Pinter
Your exactly right. That's what I actually meant to say.
C Johnson, I’ve read that using your yacht as a charter, you come close to the upkeep costs. You have to have a crew and especially a captain that is a joy to be around. Certainly to get your yacht close or under a charter. A good charter broker is a necessity.
@C Johnson a yacht will never make money its purely a emotional investment on your part it will never make financial sense even those who charter them out are only able to pay for the upkeep of the yacht itself
Great video, but at the end of the day if you only plan on using it two or three times a year then charter is the way to go. If you have money to burn then buying is the way to go because ownership is like burning money. To come close to a brake even on off setting your costs, you have to charter out your yacht 15-weeks a year or more. That doesn't even factor in what the yacht cost. Yacht ownership is NOT an investment, its a life style and if you can do it you will love it.
You obviously know what you are talking about. 15 weeks is about spot on for break even for most yachts.
Knowing your captain and crew greatly enhances ones life style. They get to know what you like and if you are a good owner get to know your crew, this is so important. I know a person who doesn't even acknowledge his crew which makes them I guess dislike him. Perhaps this says more about me than my yacht but a number of my crew have become friends, a few look down on this for some reason!
Stephen Morgan I couldn't agree more. Whether its on my own yacht or on a charter I always make a point of taking the crew out to dinner at least once per trip to give them a night off when we are on board, get to know about them and let them know how much they are appreciated.
Having tons of money doesn't make one a better human being than someone else with little money, it just makes you rich. Every human being, be it your staff or a total stranger, deserves to be treated like one, with dignity, respect, empathy and compassion. The love and admiration you earn from those around you makes you a better human being. Sometimes, all a person working for you needs is a little appreciation and acknowledgement for the work they do. No amount of money you pay them can substitute for a pat on the back for a work well done and a greeting with a smile on your face, possibly on a first name basis. Cheers!
Stephen, you make a good point and it stretches farther than just a yacht. It's a fine line to run a crew with some familiarity but also understand the unique relationship. As the owner you are an employer and should lead them in a way that has good outcomes from you and them.
Having tons of money doesn't make one a better human being than someone else with little money, it just makes you rich. Every human being, be it your staff or a total stranger, deserves to be treated like one, with dignity, respect, empathy and compassion. The love and admiration you earn from those around you makes you a better human being. Sometimes, all a person working for you needs is a little appreciation and acknowledgement for the work they do. No amount of money you pay them can substitute for a pat on the back for a work well done and a greeting with a smile on your face, possibly on a first name basis. Cheers!
I'm only 13 and I watch these videos because one day I know I'll own/charter one by my hard work.
Good luck! You got this!
Good luck mate start looking into saving and retirement now that means more money you will have for later to get that yacht.
Very interesting video. One question if I may: why on Earth is the charter industry ignoring the gorgeous Canary Islands? I honestly don't get it. All 7 islands are fantastic but I see the great potential that Gran Canaria, Fuerteventura and Lanzarote offer. An amazing trio of islands to hop on and off and enjoy their weather, culture, history and cuisine, especially in stunning Gran Canaria.
Cran Canaria and the Azores are not too far away from the Med. So in case someone would like to charter a yacht for a trip around/to these isles, they are in reach. Might cost some money (fuel and time) which the charterer need to pay for.
I wonder if there’s the cases where chartering your own yacht covers all of your maintenance expenses throughout the year?
someone needs to make a video on this
David, this is absolutely fantastic information. Of course you could elaborate for hours on each point, and still never really answer the question fully. Such are decisions of this magnitude. There is no perfect anything! Stressing the importance of the Captain (being a retired Airline Captain, people don't choose us but will know the good one from the bad quite easily) cannot ever be stressed enough. Matter of fact, were I to be in the market, I might actually find my Captain even before the yacht and have him/her be involved from day ZERO. Now looking forward to the new vs. previously owned blog. That should be even more interesting! Thanks for doing these!! Capt. Chet.
Very interesting video as you seem to have read my mind and covered a subject that I have been kicking around for some time. Great food for thought. Thanks David.
I will continue to charter for a few reasons
1) only three weeks of my year are on water
2) my 29 meter makes me num with silly expenses from dock line to engine management. 100$ to me is still 100$ if you catch the drift.
I could charter something much better than I could afford to run (let alone own)
I really enjoy your videos. Im a disabled British Army veteran. I served on Landing Craft and Mexeflotes and small fast boats etc in RCT Maritime Fleet. Also worked in many jobs. Now Im flat bound, and recently started to watch super yaght videos on youtube. Just want to say thankyou, as its good therapy believe it or not. Love seeing the whole vessel from bow to stern crew and guest areas etc. Ive just shy of 950 videos saved in my RUclips folder (private, as wouldn't share public other peoples videos that they want to be viewed on their channels. To build up likes and subscriptions). My fav yaghts tri-decks, also sime of the Trawler Yaghts. I love the Sunseeker 17million 131, Princess 30m 6.1 million, Andromeda and Ulysses. These were the first I viewed. Love every style from the super expsensive mega gigi superyaghts, down to the cheaper and smaller Trawler yaght 45ft and 30 to 40ft yaghts. Hope to find you on Instagram and facebook.
Many thanks.
Didger
Excellent insight and comparison into the super yacht world.
Can you make a video on “how do you know you’re getting a good deal” for yacht buying I look at yachts online quite frequently and always run into the issue of is it over priced under priced or a good deal I just don’t have that knowledge
Even watching these type of your videos brings me relaxation and joy. Thanks a lot. Inspiring to dream big but still I can't see myself having a Superyacht myself.
Hi David,
TY very much for sharing your expertise on this subject.
You brought up many pts that I had never considered before.
Luv your high quality and always informative videos.
Cheers from Vancouver, Canada!!
I don't think I can ever afford a yacht, we don't talk about hundreds of thousands of euros but millions, I just bought a new car and I already feel happy even though I have higher expectations, in all cases if I ever could afford one you'll be the person I would address, when you do anything with devotion and passion the results are seen.
I believe that with your job you makes a lot of money but still you are here to talk about yachts and
we see your great knowledge.
Another excellent video very informative. Keep up the great job.
The best advice for a wealthy person who wants go super yacht nautical is to
charter a few times to get used to being on a super yacht, then if you like it you can go down the buying route.
Thanks for selecting such an interesting topic. One topic I have thought about was considerations made for an Engineer. Often that is the workhouse. Captain Kirk is only as strong as his Engineer(s) (Scotty?). And I have noticed that many 30-50m yachts often have a small office/tool room, as well as an aft Bedroom (ensuite). Like the Captain might have. I wonder if these accommodations affect resale? Thanks for the video.
Better said: Yacht = Liability, not an asset. Asset = anything that puts money into your pocket. Liability = anything that takes money out of your pocket.
The other day I was reading about the rule of the three F:s, it it flies, floats or fucks, it is always cheaper to rent.
It's better chartering than buying a yacht you will be using only a couple of weeks per year (as most yacht owners). Unless money doesn't matter...
Loving it. That's good but it's better to buy one then make it available for charter and charter one. Brilliant!
In the United States you can start a business renting the yacht for five years and take deductions expensing the costs. Then you could have the yacht to yourself at a considerable lesser cost.
Do people buy yachts for the sole purpose of chartering it? $200,000 / week is a lot for a $20,000,000 boat.
Very nice video and yes charter is a good option, but I will still buy my own Superyacht though
I think perhaps if you use the yacht at least 12 weeks out of the year then buy the yacht. Seems yachts charter for about 0.5-1% of its value so 3-4 months worth of charter equates to the annual 10-15% depreciation.
How do you go about choosing a crew
Owning a yacht by either chartering or buying is quite hard. Some wealthy people is very busy with their work unless they are a businessman. If your captain calls you about your yacht in a middle of a meeting makes you feel distracted and stress from the news of your captain
Another great video! Will you cover the benefits of being a yacht owner and offering it for charter?
SOLO is my favorite yacht of all time! I would LOVE to see a walk through video made by you.
Ok, what about buying a yacht and giving it our for charter. Whenever the yacht is free/not booked you can take it out for a ride.
Top notch information and also the production quality is superb!
I don't know if you have covered this before but some suggestions for videos would be should you buy your yacht in cash or with a loan and what percentage of your income should you allocate for a yacht whether it's cash or with a loan, also if you buy a yacht and charter it out, do you usually make a profit, break even or have a small loss?
Hi Venom,
Watch the video from David regarding the cost of running a yacht, which he referred to in this video. And read my comment as well, regarding the cost of fuel for the generators. And then compare the charter costs for a yacht of a similar size.
And you have your answer of how long you need to charter out a yacht to cover the annual cost.
;)
I’d like to hear your comparison between fraction ownership and just chartering the yacht. To me is seems like the difference between time sharing and just booking a hotel room and clearly time sharing is a rip.
Great video David, looking forward to more informative content.
Am I only one hearing music throughout the whole video and not hearing his voice?
What happened to the original audio?
That’s all I hear too...
I asked on his latest video. He replied thank you he knows what the problem is but can't immediately get back to his computer to fix it because he is on the road to another port/builder.
Your videos are beautifully produced. I am quite fond of the yachts using hydro electric power such as the Wider 150, 160. Are these 'green' yachts permitted to sail in areas others are not due to environmental regulations? Also, what yacht is illustrated in the background of the office shots?
What attributes should a good captain have, other than being honest and with experience?
Another great video David keep it up.
Very interesting video as you seem to have read my mind and covered a subject that I have been kicking around for some time. Thanks Henry Kock from Aruba
Buy then let out for charter and use the income to charter in a location you like.
That's so stupid! 😆
Do charter companies typically own the yachts? If not, then who owns them? Do charter companies look for a charter broker who will find boats to rent out? Is that on a monthly basis?
Greetings, You once did a video where you played like three different types of buyers of three different size yacht's and you went into great detail about the cost of buying and operating them. I have tried to find that video again but I don't see it. Could somebody link me the video or give me the title of it so I might find it. Thank you
Love your videos David. Well thought out indeed. Looking forward to your next! Cheers!
Great video. Great advice!! Thank you!
Always good advice.
I personally think that you must understand and get head around either if you have enough money to run the yacht or charter just to get experience, but if I would be buying a yacht I would firstly get charter for a 10day to see how all works. But you must have in mind all the types of running costs, crew salary etc...and would you want after your personal use put your yacht for charter for next year to gain some investment money back. Very interested.
David? Who would be best point of contact for New/used yachts to buy as one of my friend are asking? Based in UK, and is Nortrop & Johnson web site to go for?
Feel free to email me at david@yachtsforsaleblog.com
What kind of yacht has the lowest maintenance costs in the 60ft-80ft range?
The one you never take out of the berth.
I get the sense that Owning a Yacht is like trying to keep a Mistress the Wife knows all about. Chartering makes more sense if you're only going to use it a couple times a year. I know I don't need to elaborate. ;)
Can't you buy a good crew together with a with a yacht ?
If you re in this wealth bracket, sit down with your accountant and your financial advisor before acting.
Very interesting and informative video.
I really love your videos and your great advice. The day I will want a yacht, I will certainly contact you!
I’m only going to get a sailing yacht when I can. Monohaul boat that has both sails and motor. I also want it to be big enough so I can store a lot of stuff and have people on board, but small enough to where I can be the captain of my own yacht. I want to be able to the be the owner and captain at the same time. Are there any boats I can buy that fit that description?
Can you kindly identify the yacht at 7:27 please? Thanks!
Gladly. The wonderful "Vertige" built by Tankoa yachts in Italy.
You can charter her by the way...
@@Yachtsforsaleblog Merci. Just watched the N&J charter video for this beauty. A real stunner.
Great information as expected, you never disappoint!
Was that the M/Y Titan in the video?
Do the dancing working girls come gratis or are they an extra you have to pay for?
I'm assuming they were working girls because the only male I saw was their minder (Well, he looked like the girl's minder) and yourself.
If i brought one i start a LLC and charter it 5 to 6 weeks to offset the cost.
Hope that 👆🏾made sense 😭
Dear David, thank you for the great video your adding frequently on your channel. I have a question: why, on some charter yacht, it is mentioned that those can't be chartered to US citizen while on US waters ? thanks for your answer
Hi David I always look forward to your vlogs very interesting to see how the wealthy spend there money good luck to them I can only dream thanks again
When you are rich enough, you can have different yachts on different locations in the world, so there is no need to charter ;-)
haha this!
Buy a bunch of smaller yachts instead of one big one
By the way, from what yacht is that floor plan on your wall? I'm wondering that every time I watch a video filmed in that office!
How much money do you think you need to afford a super yacht? (Great video)😃
Is it good to buy a yacht for Business? I mean, to put it on rent?
The 3 F rule apply here.
I have been watching your videos for 1 month now but you really got me with this vid. I am in the position of working hard hoping to have that life style one day. Hopefully, I can make it before you retire so you can be my broker. Thank you and subcribed.
Thanks Chuyen, my first “How to Buy a Yacht” video should be released at the end of this week...it picks up and expands in the theme of this video.
I BUYING 37xp or 45xp
is the yacht at the 2:05 mark the very aptly named Bliss?
I want the Thailand boat
when he said qualified to use jetskis I had to end the video.
Can you lease a yacht one - 5 years
Why there is only music in video? oh that different tab. my bad.
Silluete what different tab?? I’m only hearing music
@@michaelkelly4246 yeah turn out the few first minute of his video only music playing. my bad. i skip to middle and hear him speaking.This video need a to re-upload.
Audio broken on this one David
What do you think about fractional ownership?
Hi Herb, interesting that you ask...I may be producing a video about exactly that quite soon!
Yachts For Sale I’m only hearing music..
I saw a good example just a few days ago where Michael Blakey (ProducerMichael on RUclips, link to the video: ruclips.net/video/j4KmAushc0w/видео.html ) talked about his most expensive mistake. He bought a mega yacht for $30M just to discover he was extremely seasick prone on the very first journey... He told the captain to return to port and used it as a party boat for a while before selling it at a substantial loss. Should've chartered first... 😉
You forgot your link to the cost of ownership video.
Hi Gordon, I just double-checked...it's there at the top of the screen, not sure why it's not appearing for you.
Gordon,
Check @7:44, top right corner of the video.
I see it now. Don't know why it didn't pop up the first time.
I'm working hard buying lottery tickets! 🤣🤣🤣
Do you broker charters as well, David?
He mentioned in this Video : no, he doesn't.
Northrop&Johnson has a separate Team for charter
David i think your channel could cover a more broad area of yaching! You dont seem to cover the biggest part of the yachting market! Im talking production yachts from 50 to 80 feet! This part of the market is also more accessible to most! How many viewers would be in the market for a 120 foot vessel! Almost none but there would definitely be viewers watching that could be in the market for say a 60 foot yacht and also people that will one day be in the market for a smaller vessel!! I may be in the market in the future for a smaller vessel and there is no channels at all covering this side of the market except channels like boatsales that just show the yacht! I really believe you will gain a broader audience doing this! Its great to look at superyachts but they are out of reach for 99percent of us! People believe it costs millions per year to own say a 60 foot vessel and thats actually not true! If you captain yourself these vessels are well within reach if your smart and educated and thats what you could teach! There is many out there that would think its impossible to own what is actually within reach!! Just a thought!! ⚓🛳
Hi Baddazz Garage - first of all thanks for being a regular viewer.
I read your comment twice and you are absolutely right. At the moment I am getting requests from very large yacht builders to cover their yachts, but I should hunt out the smaller ones too since as you rightly say this can appeal to a much broader audience. Generally speaking large yacht manufacturers will deal with brokers, whilst yacht manufacturers building up to 80' will be tied to a dealer network... so it's not always easy to get information from them - however, it's worth pursuing.
Watch this space!
@@Yachtsforsaleblog thanks David for reply yes i have had trouble getting solid information from dealers and i fully understand your buisness is in the higher end but your broad understanding of the yacht industry you could use to your advantage in the smaller range with education for us less wealthy people wanting to get into yachting! I may be able to invest in the near future and i cant find any platforms to educate myself like youtube channels ! I am looking online trying to learn as much as i can because if i do invest i will not be financially strong enough to purchase a second time! I need to get it right the first time basically! I have learned alot from you your the only place ive found sound information and i really do appreciate it! Im always watching every video you make so i look forward to more educational vids! One question ive heard that princess yachts quality has dropped! If you were to purchase a yacht from princess , sunseeker, sanlorenzo or azumit in the 60 to 80 foot range who would you recommend?? They are my favorite vessels but ive had a few replies to comments saying princess are not what they were quality wise! Thanks again David talk soon!! Glenn Walker
BADDAZZ GARAGE I understand your point, but I think most of us watching won't ever be able to afford anything bigger than a kayak and are just here out of curiosity about the super yachts even though we know we'll never be anywhere near one.
@@Primalxbeast if you can find 1 or 2 people you trust you can purchase a used yacht 60 foot for 200k each! Docking fees about 5k each year! Fuel 2k each for a decent trip and maintenance 2k each per year! So 200k each to purchase and 8 to 10 k a year to maintain! This is alot more accessible than you may think! Even 600k to purchase on your own is very accessible around retirement! Yes alot wont be able to afford but yachting is not out of reach as much as you may think! Most people who own a yacht are actually part owners!! You can actually pick up an older yacht for 250k 60 foot long! Work hard and be smart with your money you can achieve it!! Their is a RUclips channel called trying not to sink! Check out his channel he has a video on costs and his purchase price of 65 foot hatteras! Yes its an older yacht but its very nice! I think you may be surprised!! Good luck dream big my friend!!
THE @@@@ CENSOR JUST @@@@@ MY @@@@@!!!!! ONCE AGAIN@@@@@!!!!!
Repost this with the fixed audio !
Wow #FirstWorldProblems
All we hear is music...???
From a previous Video---When you were called out on the pronunciation of "Giga" Yachts---As an English Teacher among my many Professions, just say in response " Big A@@ Boats"-- I know you'll enjoy this humourous Comment- from fisherman19@gmx.com
I'm just one large lottery ticket away from my dream yacht....
Not sure if the opening statement is sarcastic or not lol.
Just music. Cannot hear your voice. ☹️
i think we should raise taxes for the wealthy and close off-shore tax loopholes
The only people asking this question are people who can't afford to even look at a super yacht lol
that's a dumb comment....high net worth individuals are CONSTANTLY weighing their options in terms of risk/reward & cost/pleasure....that's why they ARE rich.
Turd Ferguson
Even Bill Gates regularly charters the yachts when on holiday.
Buy or charter a super yacht....not sure why I'm watching this, I can barely afford my Nissan. If anyone needs an armed security guard for their yacht let me know.
Definition of a first world problem