UNDERSTANDINGTHECOST OFYACHTOWNERSHIP
CRAFTED BY SAAIM SHAIKH
Modern superyachts are a luxury with the latest in entertainment, travel, propulsion, and technology. Some come with standard features and fixtures, but most of them are customized to the owner’s preferences. The true cost of owning a superyacht depends on many factors. Here’s what you should know before you jump into the deep end.
THE REAL COST OF OWNING A SUPERYACHT Superyachts are yachts with an overall length (LOA) of 78 feet or more. There are two main costs to consider. Initially, there’s the purchase price of the yacht, which includes the cost, title, and registration. This is followed by the price of maintaining the yacht. Many brokers say to plan on annual costs equal to 10% of the yacht’s purchase price, but this is true only in a small number of cases. In reality, annual
maintenance costs can range anywhere from 5-30% of a yacht’s purchase price.
Factors such as the usage, brand, type of propulsion, and vessel age can swing your costs either way for seemingly similar yachts. Buyers should evaluate the different operating costs beforehand to avoid unpleasant surprises later on.
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