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Article #241: Buying Your First Yacht

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Not many of us can afford to own a legal issues into a contract that
luxurious yacht. Most of us see it as a everyone must sign. This prevents
symbol that someone has made it big discrepancies and disputes later on. It
financially. If you are someone who may seem like a good idea at the time to
expects to make millions of dollars, just figure everything out later since
you've probably been planning on buying a you're such good friends, but problems
yacht. can quickly arise when money is involved.
Most yachts are extremely expensive. If If a yacht isn't in your future, think
you are looking for a brand new yacht you about buying a sailboat in its place.
can expect to pay thousands of dollars, They can be a lot less costly and you can
if not millions. A luxury yacht can cost still take long sea excursions. Most of
more than what most people make in a them have some type of sleeping quarters
lifetime. Owning a yacht, such as the and kitchens. Luxury sailboats can also
types that many famous celebrities and be very expensive, so again you may want
socialites own, is probably far out of to think of a sharing arrangement.
our reach. Alternatively, you can always rent a
If you don't want to have the hot tub, yacht for a few days. You can rent yachts
sauna, and bar on board then you can for anywhere from $300 to $1000 a day,
purchase a beautiful yacht for a somewhat although sometimes it can cost even more.
reasonable price. One of the best options Renting a yacht is a great idea for
is to share the cost of a yacht with some events such as a birthday party,
of your friends, family, or colleagues. anniversaries, big company events, and
It actually becomes quite a feasible even weddings. What a great way to turn
venture if you each share a portion of an average party into an elegant, grand
the yacht's cost. affair.
Be sure to establish how it will work Go to the local marina if you are looking
when two people want to use the yacht at for companies in your area that rent out
the same time if you intend on sharing yachts. You should be able to get some
the cost of a yacht with several other useful information from other boat owners
people. You may want to establish at the or anyone working at the marina. There
beginning of each year, or even years in should also be signs informing you of
advance, what days, weeks, or months each what yachts are available for rent.
person can use the yacht. Planning It would be wonderful to own a yacht, so
vacations around this schedule will be if it's feasible for you, you should
possible by all. definitely buy one. You will love it and
You may want to put the cost each person have many exciting voyages over the
is paying into the yacht, how the years.
schedule will work, and other possible






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