The decision to buy a luxury yacht should not be viewed as a financial decision, but a lifestyle choice. Owning a yacht, and spending a lot of time on it, should be something you really inspire to do. Keep in mind that you can expect to spend at least 11% of the cost of your boat on upkeep and maintenance every year. However, we are asked about the investment potential of buying a yacht. Here are Reasons why buying a yacht is a good return on investment.
Unlike cars and more conventional boats, a luxury yacht does not necessarily automatically depreciate in value. Some manufacturers and models are more in demand than others due to the brand, and the reputation of the designer. A yacht is more likely to hold its value at resale.
The market for luxury yachts if far more complex than real estate. Ultimately, it is market based on high-value assets that tend to depreciate, unless they are properly maintained, and that maintenance is very expensive. They are ways to choose your investment critically, and ways to minimize your operational expenses. Protect the capital invested in your yacht by making sure it is properly serviced and maintained.
How Do You Value a Return on Investment?
financially, investments are discussed in terms of initial investment and Return on Investment (ROI). Can owning a luxury yacht be an excellent investment? Yes, keeping in mind however that there are many kinds of “investments,” with many kinds of “ROIs”.
Owning a yacht may not always be the best financial investment, but it can be an investment in your mental and physical health. There are few things more relaxing than enjoying the stress-free time out on the open ocean. Buying a yacht can be an investment that pays off in time with your family, with your friends, and enjoying a getaway and experiences of a lifetime!
This article was written by Ed Massey, President of Massey Yacht sales and service. Massey Yacht Sales & Service has continuously been in the yacht sales and outfitting business since 1986. At Massey, customer satisfaction has been and will remain our most important measure of success. If you are looking for yacht brokers in Florida then contact us today!