Cost of Buying a Catamaran
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- Опубликовано: 20 окт 2024
- Here is a quick video on the cost associated with purchasing a catamaran.
If you have any questions please shoot me an email or give me a call.
Wiley@CatamaranCentral.com
561 613 8985
Check out my bio page:
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In addition to the actual purchase price you will have a number of additional cost.
1) Survey $810-1350
2) Haul out $270-540
3) Registration/Flagging $750 -5000+
4) Taxes $0 - $18,000 for Florida residents.
5) Import Duty 2% for US Citizens
6) Insurance $6,000-8,000 annually
Range of total closing cost on $400,000 45ft catamaran :
$7,830 (no taxes, import duty, and low end of cost on all items)
$38,890 (Florida sales tax, import duty, and high end of all cost)
I'm a US citizen purchasing a cat in the BVI and this is exactly the information I was looking for. Thank you so much.
Kudos for issuing the cautions on misinformation and recommending a survey. Taking shortcuts is tempting; however, as many RUclipsrs have demonstrated it creates plenty of hardship financially and compromises safety.
Did you watch the Sailing Doodles video where he 'looked over' a lagoon 440 for someone else in the Carib, gave it the thumbs up and it ended up having all sorts of issues and now they aren't even on it anymore? Would love to know what the owner thinks now - why not get a professional survey when spending that much money!
Sure did. Gone with the Wynns videos are all round 'responsible' in terms of respect of money, people, safety as well as role modelling good judgement and use of critical thinking skills. They do have fun but everything is well balanced. I enjoy Wiley's comments & ratings on this channel. I think a sailing & RV show would fit in well on HGTV considering the interest of living in both full-time.
For Megan or Robbie?
+Wiley Sharp - Let me ask you a question..... How do you actually know that the Broker is for the buyer and not the Owner?
I almost bought a monohull this year. I just don't know enough about sailing yet, and would probably kill my fool self. There are a few Cats out there I like, but I come from a fishing family, so the roll just makes me sleep harder 🙂
Anywho..... the other question I had was; Surveyors. How do I pick a good 1 😶
Not even finished watching the video and love it. Greatly appreciate these kinds of info!
Most informative! I'm a couple of years away from trading my office for boat life. Until then, I'll continue to watch your videos.
I figured $38,890 using the high numbers or almost 10%.
In addition, Wiley missed telling us about broker fees.
The other major expense is hotel and travel expenses.
If you don’t know how to sail, you will not be able to get insurance for yourself, and you will need to budget the license expenses which will include school, food, and hotel expenses plus several weeks to months for the whole process. Budget about $150 per person per day plus flights. Three weeks for two people plus flights (150 x 2 x 7 x 3 +3,000) ~ $10,000.
The high numbers from the video $39,000 + $0 (broker fees) + $10,000 (captain’s license, lodging, food, and travel) ~ $49,000 or 12%.
Wiley Sharp Catamaran Expert I took off the broker fees for the buyer. Thank you for clarifying this.
However, I am leaving the other expenses since some folks may not know this and budget for this if they want to get insurance, and they have no sailing experience, and I personally would not buy an expensive boat without insurance.
I like your videos by the way.
It's not a license...just professional credentials from sailing school to set a base line regarding competency.
So basically if we buy a 400k boat which is the plan. We would need about 600k before we cast off. I'm including provitions, outerwear the whole melon. I'm ok with that. Have to start somewhere and after crawling though umpteen 20 footers there's no way I'll stuff my family in one of those
We have small sunfish, phantoms and hobbie cats now for the lake house but we want to blow it out and visit the world. Money is an object but not this amount. Its doable. Get schooled out this year and plan for purchase next spring early.
You can register your boat under US Flag (USCG/US Federal compliant) for the territory of Guam for $45
Thank you for useful information, Wiley!
I am American retired & married in Thailand to Thai.if I buy a used sailboat where to base for a livaboard,tax etc. ?
Great information Wiley, love your channel.
Very good video, thanks. Straight to the point!
I called this guy three times and left two voicemails in the process, didn’t get any calls or voicemails back.
The good question to ask yourself, is this is someone you want to work with or taking an advice from on buying an expensive boat?!
How do you transport a catamaran inland to say a big lake in the United States?
Great info...thank you! Two questions (and pardon my ignorance on the subject)...who pays the broker's fee. The seller, the buyer, or both?
Also, would the survey include an appraisal of value or is that separate?
Thanks for the information. Looking to buy used cat this spring or early summer. So many things to learn about. Going to Miami International boat show this year to get a feel for everything. Thanks ,
I am looking at a 78' new what is the cost for inc. and whatall you just said also I wont to bring to the usa but ill be going around the world I also am thinking of the Philippines as I have a home in digos how can I save money
Very useful information! Thank you!
Mr. Sharp,
What are your thought on 2017 FP Saba 50 vs 2018 Lagoon 50?
I have the rather crazy idea of buying a really cheap crappy catamaran and converting into a solar powered ship with a solar panel roof over the whole surface.
Can you get a fiberglass catamaran for real cheap? Like below 30k?
I wont to buy a 78 cat but I wont to bring it to my state if I go over seas bring it back DNR here said 300.00 cap so looks like I am coming back home I have a 50' house boat paid 185000.00 tax was 300 it depends where you buy it and where you live we also don't pay import duty as long as it stays in salt water put in fresh water then they hit you with import duty
Really like your channel , very informative .
Hi Wiley. I'm looking at buying a Leopard 40 in Montenegro, I'm looking in to where to flag the boat, I'm a UK citizen and would like to avoid the vat as much as possible.
I read up on BVI's and Cayman Island. could you shed some light on this as well as cost's
Many thanks Max.
I would look at the channel islands or Gibraltar both under britsh flag but lower tax (VAT) .
Great info as usual Wiley!
Thanks a ton for this great video!
What would the cost of the catamaran. Per month?
Should a new boat be surveyed as well ?
Thanks. One day there will be a cat. And I’ll contact you. No need to reinvent the wheel when experts can be found. Keep up the good work.
Thanks for that advice..
love your channel, if and when I buy a boat you'll be getting a call.
thanks
Basically if you are buying a new Cataman, you have nothing to worry about
$500 a ft for haul out? That can't be right. You must have meant 500 total
Wiley, How does the broker get paid? By whom?
I thought the seller paid for hte haulout and the buyer paid for the survey is that not correct ?
Where are you based?
Thank You!
I only pay $650 annually for insurance on a $320,000 home. Boat insurance sounds like an insurance scam to me.
I would like to see the number ratio on that.
user user
What are the risks of your house being stolen , sinking , having a visitor fall overboard and drown , having other houses crash into it or having you drive it into a bridge ?
user user A house isn't likely going to slam into a reef.
Very informative
Wiley do you have a facebook page too?
Thanks!
The Taxes in the United States are crap! This is Taxation without represention!
400,000, see ya
Ok
Nice video.
The title of this video should be "cost of buying a catamaran for a US citizen" because that's all this is about. The information is not tailored to anyone else.
Thanks Willey... Would appreciate some feedback about buying and registering a yacht abroad. Do I have to register it with my home country even if I have no plans on returning there (to live)? Or am I only allowed to register it under the countries/country I am a citizen of?
Wiley Sharp US citizen living in Ireland currently working towards Irish citizenship. I'd probably be sailing in the med initially and then taking it further out from there on
Franklin Acosta
Are you going to surrender your American Citizenship otherwise getting Irish citizenship means nothing .