Four reasons to rent a yacht instead of buying
Many people in this world can afford to buy a yacht. Thousands of millionaires are there who can afford to buy the finest yacht in the world. Still, they prefer to rent the yacht. Some of you might be thinking that they are trying to save a one-time big investment but in reality, they are avoiding the hassles. It’s not like that they can’t afford to spend millions of dollar rather it’s about efficiency. After reading this article you will know why it is better to rent a yacht instead of buying.
If you want to buy a standard yacht it can easily cost you millions of dollars. Though some of the boats can be purchased in less than a million of the dollar it is not that simple. Still, you need to pay 300K+ to get a decent looking boat. And the associated paperwork in transferring ownership is a very time-consuming process and it does take some time.
To avoid such a hassle many people prefer to rent the boat whenever they want. It cost them less and they are always getting the well-checked boat for their sea trip.
The depreciation cost
The movement you buy the boat is the very moment you need to count for the depreciation value. Over a period of time, the value of the boat tends to decrease to a great extent. As new models kick in, your design becomes obsolete, renting the boat also becomes harder. For this reason, some of the smart rich always look for the yachts for rent. To them, buying the boat is more like creating another source where you need to spend money on a regular basis. And if you not using it 24 hours a day, you will be losing money. The boats need to be in constant service so that they can earn money from your investment.
Enjoy the diversified boat
After considering all the cons, let’s say you have decided to buy a boat. Do you really think you will enjoy it throughout your life? After a few months or years, you will feel that your boat design is obsolete. You will feel the urge to rend other expensive boats that looks more gorgeous and stunning. But this will be a problem if you own a boat. But if you charter the boat, you can always look for different boats on each trip. It allows you to taste the different nature of the boats. Though it will seem a little bit complex process once you throw the idea of buying a boat, you will know what it feels to sail the ocean with different kinds of boats.
Forget about the maintenance
You need to know the maintenance of the boat is a very expensive process. Every year the yacht owners are spending a decent amount of money only to ensure that they have functional boats. The seawater is highly corrosive and it damages the paintwork. Even if you go for the most expensive paintwork, you might get 4-5 years will strong protection. And if an accident occurs you know it is going to cost you heavily. Considering all the factors, the maintenance of the luxury boat is super expensive.
There is no reason to make your life more complicated by buying the yacht. Yachts for rent is the perfect option as you can enjoy the beauty of the ocean from different yachts without going through the hassle mentioned in this article. Still, it’s your call about buying the yacht.