cost to maintain a 50 ft yacht

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Understanding the Maintenance Costs of Yacht Ownership

When it comes to owning a luxury yacht, the initial purchase price is only the tip of the iceberg. While yachting can offer the epitome of freedom and sophistication, it’s crucial to understand the annual expenses involved in maintaining such a vessel. Here, we delve into the world of yacht maintenance costs to give you a comprehensive view of what to expect when you take the plunge into yacht ownership. Paul Denton at Denison Yachting is an invaluable resource for a more detailed breakdown tailored to specific vessel sizes.

Fixed Costs Vs. Variable Costs

Fixed Costs

Mooring Fees : Depending on your location and the size of your yacht, annual mooring fees can vary widely. Premium locations like Monaco or Miami can cost significantly more than smaller marinas.
Insurance : Like any other valuable asset, yachts require insurance, which could be a substantial annual expense depending on the size and value of the vessel.
Crew Salaries : If your yacht is large enough to require a professional crew, you must account for their salaries, which can be a significant fixed cost.

Variable Costs

Fuel : The fuel cost can be considerable, especially for longer voyages. Fuel efficiency varies greatly between yachts and depends on cruising speed, among other factors.
Maintenance and Repairs : Regular maintenance is crucial to maintain your yacht. This includes annual haul-outs, engine service, and ongoing repairs.
Provisions and Supplies : This covers everything from food and drinks to toiletries, cleaning supplies, and replacement parts.
Upgrades and Refits : From time to time, you may wish to invest in upgrades, such as new navigation systems or interiors.

Breakdown by Yacht Size

Small Yachts (Under 40 feet) : Maintenance costs for smaller yachts can run between $1,000 to $5,000 per year, not including fuel.
Medium Yachts (40-70 feet) : Annual maintenance costs can run between $5,000 to $20,000 for yachts in this range.
Large Yachts (Over 70 feet) : These can cost upwards of $30,000 annually, without accounting for crew salaries or fuel.

Paul Denton at Denison Yachting can provide detailed information for a more precise and customized cost breakdown based on your specific yacht model and size.

Tax Implications and Financing Options

Aside from the direct costs, it would help if you also considered the tax implications of yacht ownership. Financing options, such as leasing, are available, which can alleviate some financial burdens.

Cost-Saving Tips

Preventative Maintenance : A well-maintained yacht is less likely to require expensive emergency repairs.
Tax Benefits : Some countries offer tax incentives for yacht owners who charter their vessels for several days each year.
Joint Ownership : Another option to offset costs is to consider yacht co-ownership.

Final Thoughts

Owning a yacht can be an enriching experience, offering unparalleled freedom to explore the world’s most beautiful coastlines and seascapes. However, it is essential to be well-prepared for the ongoing costs of this luxury. For a tailored cost breakdown and other professional insights, you can reach out to Paul Denton at Denison Yachting, who specializes in helping prospective yacht owners navigate the complexities of this thrilling yet demanding venture.

Paul Denton ~ Denison Yachting [email protected] 386-295-4668

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DISCLAIMER: We strive to ensure all pricing and information contained in this website is accurate. Despite our efforts, occasionally errors resulting from typos, inaccurate detail information or technical mistakes may occur. We are not responsible for any such errors and reserve the right to correct them at any time.

Paul Denton – Broker with Denison Yacht Sales

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How Much Does it (Really) Cost to Own a Yacht?

The true cost to own a yacht is an area of concern for many prospects of yacht ownership. And it should be.

Maintenance costs, exploitation costs, total cost compared to yacht charter, we detail in this article the expenses (especially the hidden ones) you have to consider before buying your first yacht !

We also provide you several solutions to lighten your investment and reduce the cost to own your yacht.

If you are looking for the price of a yacht charter (rental), please read this article instead .

How much is a yacht?

Before diving into the expenses that comes monthly, yearly or every decades once you own a yacht, let’s answer the elephant in the room: How much is a yacht (alone) in the first place? The short answer is… it depends, of course. But in most cases, the longer the yacht, the higher is her selling price.

Generally speaking, you can expect to find yachts for sale in the following price ranges:

Below 50ft (15m): between 500K – 2,500,000 € / USD
Between 50-70ft (15-21m): between 2 millions and 6 millions € / USD ( See our 9 catamarans for sale under 6 millions here )
Between 70-100ft (20-30m): between 6 millions and 20 millions € / USD
Superyachts over 100ft (30m): minimum 10 millions € / USD

You can always find exceptions to the rule and find cheaper or more expensive yachts for sale outside of these price brackets.

A lot of factors come into the selling price of a yacht: supply and demand, brand / model reputation, age and condition of the vessel, urgency or lack of for the sale and so on.

What are the main hidden costs that come with yacht ownership?

You probably already guessed it, the cost of owning a yacht doesn’t stop at its purchase price . In some cases, the price you bought your yacht at can seem like a bargain, but it really isn’t once you start adding all the hidden costs, and many of them come yearly.

Here are the main ones you should be wary of.

Yacht exploitation and running costs : always calculate them carefully before buying your yacht

It always cost you money to exploit your yacht.

When you are chartering a yacht, a part of these operation costs is included in your APA (Advanced Provisionning Allowance) .

When you own a yacht, these costs still apply , but you will have to pay directly for them.

Among the main operation costs, the most important are usually the following:

The fuel: its cost will depend on the type of boat, her fuel consumption, the region, and the distances traveled;
The mooring fees which depends on the area but also on the boat size;
The crew, if you need it. The cost will depend on the frequency and the crew’s size;
The communication fees;
The food and beverages supplies;
All the expenses related to your leisure activities.

Yachts maintenance: a cost that you should definitely not overlook

Even outside of its operating period, it still costs you money to own your yacht!

Maintenance of your boat isn’t an option and must be done on an ongoing basis. The price vary depending on the type of yacht you are owning (motor, sail, etc…), the size of the vessel, but also how old she is.

The maintenance costs include :

The regular maintenance of certain equipment, like engines, thrusters, sails, rigging, safety equipment, hull(s) (fairing)…;
The occasional maintenance operations in case of breakdown or damage;
The painting;
The cleaning and the specialized maintenance products (for teak, leather, …).

The costs of maintenance and upkeep will obviously not be the same if you do it yourself or if you call in specialists. But regardless, you should have a budget buffer dedicated to maintenance costs when you plan on buying a yacht, especially if she already had a long sailing life.

The taxes and insurance premiums of a yacht: a cost that most forget

Consider the different taxes (at the purchase and annual) and the yearly yacht insurance that you have to pay. A specialized insurance policy is generally estimated at between 0.8% and 1.2% of the boat’s purchase price per year.

Must Read : Yacht Insurance : The Definitive Owner’s Guide

Yearly harbor fees : a very important hidden cost of yacht ownership

The port and/or winterization fees are also a big part of yacht ownership costs that you should carefuly estimate.

Depending on your region, you may need to consider “dry-docking” your boat, which involves handling, transport, and storage which can be really expensive.

If you can leave your yacht in the water all year round, you will need to go for a harbor ring concession.

Depending on the marina and its infrastructure, the region, and your boat’s size, the costs may considerably vary from a few hundred dollars to thousands of dollars a month . However, it is easy to obtain this information from marinas once you have chosen which yacht to purchase.

The depreciation’s price of a yacht

A yacht, like a car, will depreciate . It is difficult to estimate the depreciation, as it depends on economic conditions, exchange rates, price inflation when new, the type of boat, and the shipyard.

However, it is reasonable to estimate a minimum depreciation of 10% in the first year, then 7% in the following years. From the fifth year on, the depreciation tends to slow down. On the other hand, the operating costs increase.

Summary of the main operating and maintenance costs of owning a yacht

So, to sum up, how much does it cost to own a yacht? It largely depends on your type of yacht and your location.

But in general, owning a yacht will cost you between 10-25% of its value annualy . The longer the yacht, the likelier you are to be at the end of the spectrum.

Here are the reasonable costs you could consider:

10% of its value annually for a 60ft (18m) / 1 million USD yacht and below (=max 100K / year)
20% of its value annually for a 100ft (30m) / 10 millions USD yacht and above (=min 2 millions / year)

These brackets of total costs include everything: usual yacht maintenance, upkeep and operating costs that will be distribued as follow:

Communication
Maintenance
Insurance premiums
Harbour fees
Cost of depreciation

Are you worried? Do not. Luckily, there are numerous ways to decrease the overall cost of yacht ownership and still enjoy yachting as it should be. Read the next paragraphs to know these valuable tricks.

If you liked this article you will also like : HOW MUCH DOES IT COST TO CHARTER A YACHT?

How to reduce the cost of yacht ownership?

A yacht keeps on costing money even when not in use, so the best way to make it a more profitable investment is to increase its exploitation.

Renting your own yacht : a good way to reduce the costs of owning a boat

When you are not using the boat, you can earn income by renting it out. The rental price depends on the type and size of the boat, but also its location. While making money from renting is possible, don’t expect to pay back all your expenses. Nevertheless, it will help you in avoiding your yacht becoming a financial burden.

The easiest way to do this is to hire a professional charter company to help you. If you go for a reputable and experienced company, you will benefit from their expertise and contacts. It will also save you from legal, insurance, and withdrawal issues and avoid red tape.

On the topic : Yacht to Charter : Can It Be Profitable?

Fractional yacht ownership: share the cost of owning a yacht with co-owners

Another solution to own a yacht at lower cost is fractional ownership of a boat , which means that you own a fraction of it. It can be half, a quarter, or even less. For a long time, boaters have been opting for this option of partial ownership with friends or family. These days some companies create formalized fractional ownership arrangements for more guarantees.

For example, in partnership with the Windward Islands, SAILING RESORT proposes fractional boat ownership on the fabulous trimaran, the LEEN 72’. So you can become a co-owner of the new hybrid-powered multihull which can accommodate up to 10 passengers and 4 crew members. You will enjoy private use of the trimaran (depending on the period) from 6 to 12 weeks during the first 5 years.

This program proposes a profitable commercial operation with 24/7 premium service. It is a tailor-made solution for all those who want to feel like owners of a prestigious yacht for a few days a year while limiting their investment and responsibilities. WI manages the operation of the yacht for you out of your personal use, like the charter’s organization, maintenance, insurance, annual mooring, and all other administrative tasks.

Once you have weighed the pros and cons and have the means to finance both the purchase and the annual costs (maintenance, operation, …) of your yacht, you should go for it! Indeed, if you can evaluate the hidden costs and expenses of owning a boat, the freedom and unforgettable memories are priceless.

Yacht Charter remains a cheaper alternative than yacht ownership in many cases

If you can’t enjoy your yacht frequently or are still unsure about whether it’s worth the cost or not to own a yacht, you might consider chartering instead. This will allow you to try out different models , from various shipyards, and see which ones you prefer.

Therefore, the cost of renting a yacht will save you from having to worry about all those hidden costs of owning one. All you have to do is pay for your charter, your cancellation insurance and set your APA during your stay. This way, you only pay money, time, and effort when you use the boat.

What is the (true) cost of chartering the yacht you've seen? 💰⛵

The advertised prices of all charter companies do not include APA, VAT & other variable costs.

Use our calculator to get a 100% FREE estimate of the REAL total cost of your next yacht charter! ⬇

Read also : SUSTAINABLE YACHTING: HOW IS THE BOAT INDUSTRY BECOMING MORE ECO-FRIENDLY?

Frequently asked question

For a 60-foot or million-dollar yacht, the cost per year will be about 10% of its value or $100,000 per year.

You should expect to pay about 20% or more of the original price of your boat to run it annually. So, for a $10 million yacht, the cost to operate will be about $2 million per year, including fuel, insurance, dock fees, maintenance and repairs, crew, etc.

A 180-foot superyacht and/or mega yacht costs a minimum of $4.75 million per year to operate and maintain. Kitty McGowan of the US Superyacht Association estimates an annual budget of $1 million for maintenance and repairs, $350,000 for dockage, $240,000 for insurance, $400,000 for fuel, and $1.4 million for the crew. Add another 15-25% of the vessel’s value for V.A.T.

Once you have weighed the pro and cons, if you can afford the purchase and all the hidden annual expenses, have found your dreamed yacht, and have time to enjoy it, you should go for yacht ownership!

It is not the best way to make money, but you can minimize your annual expenses by renting it or opting for fractional boat ownership.

It’s hard to tell. As long as you have the money and enough time to enjoy it, it is worth owning a yacht! Everything cannot be estimated. For example, it will bring you invaluable freedom and happiness.

One of the easiest way to reduce the maintenance cost of a yacht is to fractional yacht ownership. That way, the maintenance expenses are spread among co-owners according to their shares.

It varies greatly depending on the size of the yacht. For a yacht of 60ft (18m), you will likely spend around 10% of its purchase value each year in maintenance and exploitation costs.

Luxury yachts have maintenance and operation costs that are around 10% of their value yearly. So if a yacht value is 2 millions USD, its maintenance and operations costs should be around 200K / year.

Operating a sailboat is usually 20-40% cheaper than the same size motoryacht. Motoryachts tend to be more expensive to operate than sailboats as the fuel consumption can become an important expenditure fast.

A small yacht below 50ft is usually for sale between 500K and 2,5 millions USD / €. A mid-size yacht between 50ft and 100ft is usually for sale between 2-15 millions USD / €. Above 100ft, the selling price is rarely below 10 millions USD / €.

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Total Expenses =
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Us flagged vessel, health insurance costs per crew, uniform cost per crew, training cost per crew, food cost per crew, crew turnover, hires using a professional crew agency.

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$ | € | £

Costs of food provisions will vary dependent upon how eloborate food Preferenaces are

Location will play huge factor in food provisons and thing may have to be folws into remorte locations.

Crew is one of the largest expenses on a superyacht and critical to the owner’s enjoyment of their vessel. As the largest crew agency in the world, we know crew. Our cost calculator contains customized crew lists for yachts ranging from 80ft to 600ft with salary information based on our reference verified salary data.

Our users also have the ability to completely tailor the crew list to the specific needs, schedule and requirements of their vessel. Each yacht is unique and may have specific owner requests in addition to the yacht’s safe manning requirements.

Management of the supplemental crew costs and strategic budgeting can help avoid significant overspend on categories such as food and uniform. This tool contains default values based on our industry expertise and recommended budget for an efficiently and safely run superyacht.

To learn more about each crew position in detail, including salary ranges, please visit our yacht department directory .

Drag the sliders to modify your results. These are not linear scales and we expect most yachts to operate within the 20-80% window. Above 80% and below 20% costs increase or decrease at exaggerated levels and we only see numbers in these levels in very rare circumstances.

This sunburst diagram is interactive. You can click into each block to see the expense break down and mouse over each block for more details.

Our chart of accounts displays seven major categories, 20 sub-categories plus a further 80 detail categories for a total of 107.

Our yacht operating cost calculator is now on it’s third major revision. We start with actual yacht expense data from our yacht management accountants and then generate formulas to extrapolate out the budget for a wide range of yachts. We have been providing accounting services to large yachts for the past 18 years.

Our operating cost calculator is tuned for yachts from 80 to 600 feet. We find operating variables create the largest variances for yachts smaller than 100 feet and larger than 250 feet. We have tested the numbers the most in the range from 100 to 250 feet.

Our budget calculator factors in the fuel burn for a range of engine sizes typically seen installed on yachts by length. By dragging the green “fuel dockage” slider to the right you will increase the projected fuel burn rate and therefore the budget cost for fuel. Our default position would be for a typical displacement fuel burn. Position the slider in the 60-80% range for fuel projections for planning hulls.

Our default values produce a budget number that we believe is generous to run a yacht to a high standard. Perfect is a very expensive word to use in the yachting industry where standards are already high. Moving the crew and maintenance sliders to 80% will provide an “industry best” quality of crew and give them the maintenance budget to operate to a very high standard. If you need to go over the 80% area then you may have unusually labor intensive equipment on the yacht.

Yes, our yacht operating cost calculator can output a budget suitable for this situation. Adjust the owner use to 2 (minimum value), owner slider to 0, crew slider to 10%, Administration to 10%, Fuel and Dockage to 0, Maintenance to 10% and then Capital Repairs to 0. This will remove all of the large charges associated with owner use and vessel movement but leave the essential base maintenance and insurance in place.

Lift on and float in yacht transport is a popular way to transport yachts across large ocean passage. The yachts that this service certainly applies to are ones that may not have the motoring range or structural integrity for blue ocean cruising. The cost of transporting a yacht twice per year is put into our budget once the “Fuel Dockage” slider hits 75%. If your yacht has the range we recommend self-sufficient ocean passages whenever possible. Whilst the transport companies sell their services based upon reportedly well oiled operated schedules the reality is that your yacht may stay waiting for pickup for a week or more with no compensation due. When factoring in all secondary factors of self-sufficient passages (increased fuel, maintenance, potential storm damage, crew time off, extra delivery crew) compared with transporting your yacht (insurance, potential loading / unloading damage, loss of schedule control, no work whilst underway, crew flights, crew accommodation) we believe that there is a 100% premium associated with float in transport and a 75% premium with lift on transport compared with self-powered.

Abandoned yachts crash in value. We recommend that even if you are trying to sell your yacht that you use the yacht for a minimum of two weeks per year so that systems are tested and working every six months. There is nothing worse for a yacht than not being used. If you truly are not going to use the yacht then you should sell it immediately for the first genuine offer as every dollar you put into maintenance will not be recovered at the time of the sale.

We did not build this version with sailing yachts in mind. Early in our development of this version we decided to exclude sailing yachts as a few of the major cost drivers scale very differently for sailing yachts compared with motor yachts. For example: To calculate paint costs we reviewed the surface area of over 100 large yachts and created a formula for painted surface area to length. Sailing yachts just don’t scale in a consistent way. Similarly crew numbers don’t scale in the same manner that they do for motor yachts. If there is sufficient demand we may build a sailing selector switch into a future version of this tool.

We hate to hear when yacht owners were told by their broker to factor in 10% of the purchase price to operate the yacht. This over used saying is sadly right occasionally (particularly for newer yachts in the $20-30M range)… but just because a broken watch tells the right time twice a day you shouldn’t rely upon it to tell the time. As yachts get older their capital value decreases but their maintenance costs increase. There is no way that a fixed 10% of purchase cost rule can be true… if your broker told you this rule then you need a new yacht broker… we know some good ones. 😊

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Yacht Maintenance Cost. The Real Costs of Owning a Superyacht

23rd oct 2023 by samantha wilson.

The superyacht industry has seen an unprecedented boom. While superyachts were always highly sought after commodities, the idea of escaping the crowds, exploring off-the-beaten-path destinations, and having a private holiday have never been more popular. But superyacht holidays are one of the most extravagant luxuries there is, and left to a small percentage of UHNWIs. In fact, luxury yachts top the list of the 10 most expensive asset purchases ever recorded (see our Superyacht FAQs for the largest and most expensive superyachts in the world) . The cost of superyacht ownership is no small undertaking and, as for all boat owners, the purchase price is just the beginning.

Here we take a look at average superyacht operating costs : (for something a bit smaller, check out our guide to creating a boat buying budget .)

Yacht maintenance cost

As a general rule, superyacht owners can expect to spend roughly 10-12% of the initial purchase price on upkeep and running of their yacht. Of course superyachts come in all shapes and sizes ranging from 24 metres to well over 100 metres, and purchase prices will be reflected in the size, age and finish. The average sale price for a superyacht is around $8 million, however a 24 metre yacht could be around $1 million (or less for used superyachts), $11 million in the 40m-50m category, $24 million in the 50m-70m category and around $80 million for yachts of 70m or more. Some of the largest yachts in the world (those over 100 metres in length) can go for up to as $175 million. So a $50 million yacht is likely to cost around $5 million a year to run and maintain, while the largest yachts could run to over $50 million a year. So what is it that costs all the extra every year?

Yacht f uel costs

One of the biggest outgoings in the running of a superyacht is the cost of diesel . To put this into context, a 70 metre-long superyacht will use around 500 litres of diesel an hour just to run the generators. A moving yacht will be using approximately $2,000 per hour whilst underway at a speed of around 18 knots. A smaller yacht will obviously use much less, so a 45 metre yacht will use around 560 litres per hour whilst underway at a rough cost of around $500/hour. Based on around 500 hours of cruising time per year that is approximately $250,000, plus all the time spent at anchor and any fuel used for tenders.

Berthing and mooring costs

As with all boats big and small, berthing costs are one of the highest expenditures. Marinas vary hugely in price, with the most sought after incurring the highest price tags. The most exclusive marinas can cost around $3,000 per night and be booked up long in advance.

In general however, dockage is usually priced by the length of the yacht and per night, although long-term contracts are also possible. Berthing fees will not usually include electricity, water and waste removal, which need to be factored in too. When winter sets in, if the yacht isn’t travelling to warmer climes, some yachts opt for dry dock, especially if they’re looking to get maintenance and repairs done. This involves lifting the yacht out of the water with specially designed cranes.

Owner-on-board costs

Of course the whole point of having a beautiful superyacht is to use it and enjoy it. Costs when the owner is on board go up as a full crew, food, alcohol, flowers and any other entertainment costs such as parties and events need to be accounted for. With most yachts able to accommodate up to 12 guests, a yacht in full cruising and entertaining mode could include everything from helicopters and land transfers, to

Super yachts crew salaries

Superyacht crews vary in size from three or four members to in excess of 70 members on the largest yachts. When you consider that their salaries, taxes, recruitment fees, food and travel for holiday time and repatriation need to be taken into account, the superyacht crew costs are some of the highest expenditures. A captain’s salary alone can be in excess of $20,000, with some chief engineers on $10,000 and chefs around $5,000-$8,000. Crew wages can easily be around $100,000 per month for larger yachts, while a crew of 8 on a 45 metre yacht could be in the region of $600,000 per year. Add to that figure management agencies, shore based crew, specialist part-time crew such as helicopter pilots and food to feed them all and it’s easy to see why this figure is one of the highest outgoings.

Super yacht repairs

Superyachts need constant upkeep and maintenance which could include everything from maintenance of the engines, to the thrusters, sails, swimming pool/hot tub, decks, electronics, safety equipment, hull, interior and much more. Superyacht maintenance costs are on-going, but winter is usually the time for major projects in shipyards, and costs can vary hugely depending on the level of work being done. Lifting the yacht out of the water, wrapping it for a re-paint or having a new interior refit are big undertakings.

Super yachts taxes and insurances

Superyacht taxes and insurances must be factored into the cost of owning a superyacht, with import tax on new vessels up to 20% (see our article on VAT and Brexit ) and insurance policies around 0.8% and 1.2% of the boat’s purchase price each year.

Communication Costs

An often under looked outgoing in the running of a superyacht is the communication costs. With the internet a must-have on board for both guests and crew, packages for satellite and broadband communications can start from around of $4,000 to $5,000 per month.

Super yachts tenders and toys

One of the highlights of a superyacht charter or holiday are the amazing array of water toys. From classic Jet skis and scuba gear to new-fangled jet packs and sea bobs, the choice is incredible but not cheap. Tenders too are a must for allowing guests and crew to get to shore, for exploring and for water sports. Some of the custom built models can cost $1 million alone. Add to all this James Bond-style additions such as helicopters and submersibles and the sky is the limit when it comes to spending on amazing tenders and toys.

Superyachts are some of the most incredible and prestigious machines on the planet, and owning one is an incomparable experience. Whether you’re in a position to buy a superyacht or looking to buy a boat of a smaller length, then Rightboat.com should be your first port of call. With thousands of boats and superyachts represented by the top brokers in the industry, you will be in safe, private and experienced hands.

Written By: Samantha Wilson

Samantha Wilson has spent her entire life on and around boats, from tiny sailing dinghies all the way up to superyachts. She writes for many boating and yachting publications, top charter agencies, and some of the largest travel businesses in the industry, combining her knowledge and passion of boating, travel and writing to create topical, useful and engaging content.

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How Much Does a Yacht Cost: A Comprehensive Breakdown for Buyers

Yachts embody luxury, status, and freedom, leading many to wonder about the costs associated with such an extravagant purchase.

Buying a yacht is a significant investment that involves not only the initial price but also ongoing expenses such as maintenance, fuel, insurance, and crew costs.

The price of a yacht varies greatly depending on factors such as size, brand, age, and features. Understanding these factors will help potential buyers make informed decisions.

Smaller yachts often start at a few hundred thousand dollars , while larger or more luxurious models may cost millions. Meanwhile, superyachts and mega yachts can carry price tags in the tens or hundreds of millions of dollars.

It is important to remember that additional ownership costs, like annual operating expenses , must be considered when calculating the true cost of yacht ownership.

Key Takeaways

Yacht costs vary greatly based on size, brand, age, and features
Additional expenses such as maintenance, insurance, and crew should be factored in
Assessing all costs involved helps gain a clearer picture of the true cost of yacht ownership

Types and Sizes of Yachts

When considering the cost of a yacht, it's important to understand the various types and sizes available in the market.

In this section, we will explore some of the main categories of yachts, including sailing yachts vs. motor yachts and the range of sizes from small to superyachts.

Sailing Yacht Vs. Motor Yacht

There are two main types of yachts: sailing yachts and motor yachts.

Sailing yachts rely on wind power and sails for propulsion, making them more eco-friendly and fuel-efficient. They come in a variety of sizes and styles, with smaller sailboats starting around 23 feet in length. Some popular designs include sloops, cutters, and ketches.

Meanwhile, motor yachts use engines for propulsion, offering more speed, power, and maneuverability. These yachts typically range from around 30 to 100 feet, although larger motor yachts can also be classified as superyachts. Motor yachts are often equipped with a luxurious interior, offering the utmost comfort and entertainment for guests.

Small Yachts to Superyachts

Small Yachts (10,000-$100,000):

Small yachts generally range from 23 to 40 feet in length. These yachts are more affordable and easier to maintain, making them attractive to first-time buyers. They can be both sailing yachts and small motor yachts. Examples of small yachts include sportfishing boats, family cruisers, and day sailers.

Midsize Yachts ($100,000-$1,000,000):

Midsize yachts typically range from 40 to 60 feet in length. The price of a midsize yacht can vary greatly, with used models going around $200,000 while new ones can go up to a million dollars. They offer more space, better amenities, and improved performance compared to small yachts. Midsize yachts can also be classified as sailing yachts or motor yachts.

Large Yachts ($1,000,000 and up):

Large yachts typically range from 60 to 100 feet in length. These luxurious vessels come with a higher price tag, often costing multiple millions of dollars. Large yachts offer plenty of space for entertaining, as well as state-of-the-art technology and amenities. They come in both sailing and motor yacht varieties.

Superyachts ($10,000,000 and up):

Superyachts are the pinnacle of luxury and sophistication, typically measuring over 100 feet in length. They feature extravagant amenities, such as helipads, swimming pools, and even movie theaters. The price of a superyacht can be astronomical, at times exceeding $10 million or more.

Cost Factors for New and Used Yachts

When determining the cost of a yacht, whether new or used, several factors come into play. These include the age and condition , size and style, brand and model, and location and availability of the yacht.

Each of these factors plays a significant role in the overall cost, so understanding them can help buyers make an informed decision.

Age and Condition

The age of a yacht naturally impacts its price. A brand-new yacht typically commands a higher price than a used one. However, the condition of a used yacht can also greatly influence its value. A well-maintained, used yacht in excellent condition may be more expensive than a newer model with issues or wear and tear.

Size and Style

The size and style of the yacht also play a crucial role in determining the cost.

Generally, larger yachts come with a higher price tag. For example, the average price of a yacht in the United States for vessels 46 to 55 feet was $467,899, while the average price for yachts in the 56 to 79 foot category was $1.18 million.

The style of the yacht, such as a sailboat, power catamaran, or luxury yacht, can have a significant effect on the price as well.

Brand and Model

The yacht's brand and model also contribute to its price. Some yacht brands are known for their luxury, craftsmanship, and performance, which can lead to a higher cost.

On the other hand, more affordable brands may offer similar amenities and functionality at a more budget-friendly price.

It's essential to research different yacht brands and models to find the one that best suits your preferences and budget.

Location and Availability

The location of the yacht, along with its availability in the market, can influence the overall cost.

In some regions, yacht prices may be higher due to factors such as demand, local taxes, or shipping costs. Additionally, if a specific model is in high demand or limited supply, its price may be elevated due to scarcity.

Initial Purchase Price

Buying New Vs. Pre-Owned

When considering the initial purchase price of a yacht, one of the first decisions a buyer faces is whether to buy a new or pre-owned yacht.

New yachts typically come with the latest technology, design, and customization options, but they also come at a higher price.

On the other hand, pre-owned yachts can be significantly more budget-friendly, but may require more maintenance and lack the latest features.

The average price of a yacht in the United States for vessels 46 to 55 feet was $467,899, while the average price for yachts in the 56 to 79-foot category was $1.18 million. These prices can vary depending on whether the yacht is new or used.

The Buying Process

The process of buying a yacht typically involves researching the market, selecting the right size and type of yacht, identifying suitable yachts, negotiating the price, and completing the purchase.

Working with a professional yacht broker can be beneficial in streamlining this process for the buyer as they can provide expert guidance in selecting the right yacht to fit the buyer's needs and budget.

Costs to Consider

In addition to the initial purchase price, there are various other costs that should be taken into account when buying a yacht. These include:

Insurance : Buyers should consider the cost of insuring the yacht. Insurance fees, among other factors, are influenced by the size and value of the yacht.
Marina fees : Docking the yacht at a marina will incur fees, which can range from a few thousand dollars for smaller yachts to tens of thousands for larger ones.
Maintenance : Maintenance costs can make up around 10% of the initial purchase price. For used yachts, be prepared to spend on essential repairs and upgrades as needed.
Fuel : The cost of fuel is influenced by the yacht's size, engine type, and cruising frequency.

Operational and Maintenance Costs

Crew Expenses

One of the significant expenses associated with owning a yacht is paying the crew salaries .

The number of crew members and their respective positions will vary depending on the size and complexity of the yacht. For example, a 180-foot superyacht may have an annual crew expense of around $1.4 million.

It is essential to account for additional crew-related costs such as insurance, training, and uniforms.

Fuel and Propulsion

Another considerable aspect of yacht ownership is fuel costs. The amount of fuel consumption will largely depend on the yacht's size, propulsion system, and usage patterns.

For instance, a larger yacht may incur around $400,000 for fuel annually.

It is also worth considering the potential expenses for any necessary upgrades or maintenance of the propulsion systems to ensure optimal performance and efficiency.

Repairs and Upkeep

Maintaining the yacht's appearance and condition requires regular maintenance and repairs . These expenses can quickly add up. Annual maintenance costs for a superyacht could reach up to $1 million.

This includes expenses for cleaning, teak oils, wax, and polish to keep the yacht looking immaculate. It is often recommended to allocate around 10% of the yacht's value to cover annual maintenance costs.

Dockage and Storage

Mooring fees, marina fees, and storage are additional factors to consider when estimating the operational costs of a yacht. Dockage costs typically depend on the yacht’s size and the chosen location.

On average, a superyacht may have an annual dockage expense of around $350,000 .

Additional Ownership Costs

Yacht insurance is a significant cost that should be factored into your decision to buy a yacht. The cost of insurance can vary based on the size, type, and value of the yacht.

For example, a 180-foot superyacht may have insurance costs upwards of $240,000 per year .

Obtaining quotes from various providers is essential. Remember that rates can fluctuate based on factors such as the yacht's condition and the owner's boating experience.

Taxes and Registration

Owning a yacht also comes with local and federal taxes and registration fees. Tax rates can vary depending on the state or country where the boat is registered.

In the United States, some states have a sales tax for yacht purchase, while others have an annual personal property tax. Make sure to research the applicable taxes and registration fees in your area to include them in the overall cost of ownership.

Depreciation

Another factor to consider when purchasing a yacht is depreciation. Over time, the value of most yachts will decrease, much like automobiles.

The rate of depreciation may differ based on the yacht's make, model, and age. To account for this potential decrease in value, make sure to have a proper maintenance plan in place and be prepared for the potential resale-value drop.

Extra Amenities and Upgrades

Finally, extra amenities and upgrades can significantly impact the cost of owning a yacht. Additional features such as upgraded electronics, specialized navigation systems, enhanced entertainment systems, or custom interior finishes can add considerably to the base cost of ownership.

Also, consider ongoing costs associated with these amenities, such as maintenance, repairs, and replacements. Budgeting for these additional expenses is critical to ensure your enjoyment of the yacht without financial strain.

Real Cost of Yacht Ownership

Owning a yacht is a luxury many people dream of, but it comes with significant costs. This section will discuss the real cost of yacht ownership , looking at the rule of thumb for annual costs and investment considerations.

Rule of Thumb for Annual Costs

When estimating the cost of owning a yacht, a general rule of thumb is that annual costs will be around 10% of the initial purchase price. This includes expenses such as maintenance, fuel, insurance, and crew salaries.

For example, a 180-foot superyacht could have an annual budget of $1 million for maintenance, $400,000 for fuel, $240,000 for insurance, and $1.4 million for the crew.

Another example is a 50-foot yacht , which may have ongoing costs between $35,000 and $85,000 per year.

Maintenance and Repairs: The cost of maintaining a yacht can range from $1,000 to over $1 million per year, depending on the size and complexity of the vessel.
Dockage: Yacht owners should budget around $350,000 annually for marina fees.
Fuel: Depending on the size and type of yacht, fuel expenses can be substantial, averaging around $400,000 per year for a large vessel.
Insurance: Insurance premiums for yachts can range from a few thousand dollars to upwards of $240,000 per year.
Crew Salaries: Crew salaries can account for the largest portion of yacht ownership costs. A large yacht may require a crew with an annual budget of $1.4 million.

Investment Considerations

When thinking of purchasing a yacht as an investment, potential owners should consider several factors.

Yachts depreciate in value over time, making them a less attractive investment compared to traditional assets such as stocks and real estate.

Additionally, the high cost of ownership may make yacht investment less viable for some individuals.

Keep in mind that while some owners charter their yachts to offset costs, this strategy may not fully cover annual expenses. Moreover, chartering exposes the yacht to additional wear and tear, which can result in higher maintenance costs.

Life on Board

Amenities and Comfort

Life on a yacht offers a unique blend of luxury and comfort. Yachts often come equipped with a variety of amenities to make living on board as enjoyable as possible.

One common feature is the cabin , which provides comfortable sleeping quarters and private spaces for relaxation. Some yacht cabins even have their own ensuite bathrooms for added convenience.

A well-designed galley is essential on a yacht, providing the space and facilities needed to prepare meals and store provisions.

Modern yacht galleys often come equipped with high-quality appliances and ample storage space to ensure a pleasant dining experience.

On larger yachts, additional amenities may include swimming pools , outdoor lounges, and spacious deck areas for sunbathing and relaxation. Some superyachts also feature helipads , allowing for easy access to transport and travel to and from the yacht.

Entertaining and Lifestyle

A yacht is not just a floating home, but also a platform for entertaining and socializing. The deck space on a yacht offers a fantastic setting for outdoor gatherings, while a well-appointed cabin cruiser can serve as an ideal venue for more intimate events.

Entertaining on a yacht often involves a range of activities, from casual get-togethers to formal dinners with friends, family, or business associates.

A key factor in this lifestyle is the yacht's finish – the quality of the materials, furnishings, and décor that contribute to an atmosphere of luxury and sophistication.

With such an array of amenities and entertainment options, life on a yacht combines the best aspects of comfort, luxury, and a captivating lifestyle.

Frequently Asked Questions

What is the price range for a small yacht?

Small yachts can cost anywhere from $100,000 to several hundred thousand dollars, depending on factors such as size, brand, age, and amenities.

On average, a new, small yacht may cost around $200,000, but prices can vary significantly based on the specific yacht .

What are typical rental costs for yachts of various sizes?

Rental costs for yachts can vary greatly depending on factors like size, type, and location.

Typically, smaller yachts can be rented for a few thousand dollars per day, while larger, luxury yachts may command tens of thousands of dollars per day.

Some yachts may also require a minimum rental period and may charge additional fees for things like fuel and crew.

What is the purchasing price for a luxury yacht?

Luxury yachts generally fall within the multi-million-dollar price range, with some costing tens of millions or even hundreds of millions of dollars.

The exact price of a luxury yacht depends on several factors, such as the yacht's features, size, customizations, and brand.

What is the cost associated with owning a 50-foot yacht?

The cost of owning a 50-foot yacht includes the purchase price, maintenance, insurance, docking fees, and fuel costs.

While the purchase price can vary greatly, annual costs can be estimated at approximately 10% of the yacht's value, which may include maintenance, repairs, insurance, docking fees, and other related expenses.

What are the expenses involved in buying a 100-foot yacht?

In addition to the purchase price, which can range from a few million to tens of millions of dollars, owning a 100-foot yacht incurs several ongoing costs.

These expenses include insurance, crew salaries, maintenance, docking fees, fuel, and provisions. It is important to budget for these costs, as they can add up to a significant amount each year.

What can one expect to pay for a 70-foot yacht?

The purchase price of a 70-foot yacht can range from several million dollars to well over $10 million, depending on factors such as age, brand, and features.

In addition to the initial purchase price, there will be ongoing costs such as insurance, maintenance, crew salaries, docking fees, and fuel, which need to be considered when budgeting for yacht ownership.

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How much does it cost to own a yacht?

By Rob Bowman | Posted On Oct 28, 2019 Updated On Apr 16, 2024

Since we opened our doors in 2002, United Yacht Sales has worked with thousands of boaters who hold aspirations of owning a yacht. A yacht can mean different things to different people, especially when discussing the difference between intended use such as fishing, day boating, entertaining, and long-distance cruising. Just as there are many applications for how you plan to use your boat, there are also many boat builders working to design the perfect yacht to meet a specific niche in the marketplace. With nearly 1,000 transactions completed each year, United brokers commonly hear the same questions asked as new boaters begin their research into finding the perfect vessel. The yacht's purchase cost isn't the only expense though and other factors need to be considered.

What does it cost to own a yacht? "The cost of ownership for a 60-foot, $1 million yacht is going to be about 10% of its value, or $100,000 per year if it's over ten years old," said Peter Schmidt , Founder of United Yacht Sales. "You can pretty well estimate that for a later model boat of this size, in the Florida market, your general costs are going to be in that range. This would include things like routine maintenance, repairs, dockage, additional supplies, and the cost of either a professional captain or a yacht manager. If it's a newer boat, the annual costs will be less, however preventative maintenance is still very important."

If you're new to boating and this is your first yacht purchase, it makes sense to discuss these questions with your yacht broker:

Where do you plan to keep your yacht?
Are you going to run the boat yourself or will you need a captain?

How much does it cost to maintain a yacht?

How much does it cost to fuel your yacht?
Is buying a yacht a good investment?

The answers to these questions vary with many factors influencing the cost of each. Simply the location of where you plan to keep and use your yacht can raise or lower your monthly spend to keep your boat maintained in the best possible condition.

( Seen below: The below 2009 Viking 50 is an example of a sportfishing boat recently sold for approximately $1 million. Boat prices have continued to increase since 2020 and are just now beginning to stabilize. )

How much does it cost to store a yacht at a marina?

One of the first and most important questions to answer before you buy a yacht revolves around storage. If you own a water-front home with a dock big enough to safely store your yacht, the savings are substantial. However, if you plan on keeping your vessel at a marina, those costs need to be included in your annual budget. United Yacht broker Christopher Cooke owns his own yacht management company and often helps his clients find a space at a marina. "The cost of keeping your yacht at a marina really varies by location," said Chris. "You are charged per foot, but that cost can change not only depending on what county you're in, but also how many amenities are at the marina."

"In Florida, the marinas in Martin County for example, can be half the cost of Miami-Dade," continued Christopher. "It really all depends on your boating plans, where you live, and how far you're willing to travel to be at your boat."

Sailfish Marina of Stuart is a popular yacht storage facility in Martin county that is the closest marina to the St. Lucie Inlet also with accommodations for a 60-foot and over boat. There is a fuel dock at the marina as well as a tackle shop. If you purchase a slip for a full year on an annual contract, the cost is $20-$22 per foot of your "Length Overall" . This is important, because while some boats might be called a "60", they may very well be 62 feet in length and cost more. Additionally, if you want electricity, water, and waste removal, it can cost you an extra $175 per month for one 50amp line.

Just 40 miles to the south, in the heart of Palm Beach County, sits Palm Harbor Marina. With over 200 slips, some of which can accommodate a 250-foot superyacht and state-of-the-art Marinetek concrete floating docks, the cost is much higher. Using the same example of a 60-foot cruising yacht, the cost of storage is approximately $5,760 per month, along with a $500 per month utilities fee. "With a place like Palm Harbor Marina, boaters are paying for the amenities and the location," continued Chris. Palm Harbor Marina features a yacht club with a hospitality bar and media center, a complete fitness center, game room, deli, concierge, as well as being right next to the best restaurants and nightlife in Palm Beach.

(Seen below: A yacht is welcomed by the professional staff that includes golf cart service. Photo credit: Palm Harbor Marina website.)

"For a yacht that's 60-feet, later model year, and with average usage, you can expect to pay $60,000 per year in preventative maintenance costs ," said Cooke. "And by average use I mean 150-200 hours per year. But that's assuming nothing goes wrong and has to be replaced. Typically you're looking at $4 per foot to have someone dive it, another $4 per foot to have it washed regularly, and then another $1,000 or so to go through and do a full systems check. These costs can definitely vary though depending on the boat and location. Because of inflation with the price of materials and labor, these costs have really gone up over the last 2 years."

The best advice Christopher has for boat owners of this size is to hire a yacht management company. Yacht Management companies often oversee anywhere from 10 to 50 boats at any one time, Christopher currently has 30. The yacht manager will ensure the boat is clean, all systems checked like transmission and generators, the running gear checked, oil changes are done, and that nothing is starting to fail. Preventative maintenance can save thousands of dollars in the long run of yacht ownership and will end up paying for itself. Many yacht owners have work or other hobbies that take their time away from being able to devote to the proper maintaining of their vessel. The result can be negligence in the upkeep of the boat, causing systems to fail, and end in more costly repair bills. If you're going to spend the money on a nice yacht, a yacht management company is a smart choice.

How much does it cost to insure a yacht?

Joshua Giordano of Global Marine Insurance Agency is no stranger to insuring boats from New York to Florida. In fact, In fact, with over 20 years in the marine industry Joshua offers a unique understanding of marine insurance as it pertains to personal watercraft, boats, and yachts. This knowledge and experience allows him to find the best boat & yacht insurance at the best price.

"We get asked all of the time how much it costs to insure a yacht and the answer is it really depends on where you live and keep the yacht," says Joshua. "For a 60-foot yacht in the Northeast, you're looking at between $6,000 and $8,000 per year for insurance. Come down to Florida and that same boat is going to be $10,000 to $12,000 to insure assuming it's for private use only. If you plan to put your vessel into a yacht charter program in Florida, then costs go up $14,000 per year."

(Seen below: A 62' Azimut Yacht in Florida, if kept at a marina, will likely cost about $10,000 per year in insurance.)

How much does it cost to fill a yacht with fuel?

Trying to budget your annual expense for fuel can be difficult. Not only do some yachts have larger fuel capacities, but their fuel burn and range can also vary. This also then dependent upon how much you use your boat and how hard you will be running the engines. Cruising at lower rpm's at around an 8-10 knot speed can mean better fuel efficiency with longer running times between trips to get more fuel.

Assuming your 60-foot yacht has a fuel capacity 1,200 gallons and with an average fuel price of $5.50, and it will cost $6,600 to fill up. For new boaters, it's really difficult to gauge how much fuel you might use in a year and only personal experience and time on the water can help narrow down that annual cost.

Fuel costs per location also can change depending on where you are boating. The Waterway Guide offers up-to-date pricing on fuel at major marinas through the United States. For example, diesel fuel in Jacksonville, Florida is currently ranging from $5.40 to $5.90 depending on which marina you stop at. In comparison, stopping for diesel in the Florida Keys will start at $4.90 and could be as high as $5.30 per gallon.

Can you finance a yacht?

Finacing a yacht is very common," says Shana White with OceanPoint Marine Lending. "There are many attractive programs out there that can be tailored to fit the bueyer's needs. The boat loan approval process usually takes between 24 and 48 hours to receive an answer." Things like your income-to-debt ratio, credit score, credit history, and asset verification all go into whether or not a bank will loan you the money for a yacht. A favorable rate for a yacht loan could be 4% in the current market with other possible discounts available. Check out our Boat Loan FAQ's page for more information.

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Owning a yacht is an investment in yourself, not a financial one. Boats depreciate in value, they cost money to maintain, and you will almost never sell it for more than what you paid for it. The memories you create with your friends and family on a yacht, however, are worth more than words can describe. Peter Schmidt talks about why to own a yacht after more than 40 years in the business, "Owning a yacht is a good thing, one of the joys of life. Don't let anyone tell you otherwise. A yacht allows you to make memories you never dreamed possible!" Peter is also a current boat owner and has owned several throughout his life. His kids now own their boats and are teaching Peter's grandchildren the joys of being on the water. "I love boating and my kids love boating. It gets in your blood and gets passed down through the generations. There simply is no greater pastime than owning a boat. Yes, there are some inconveniences along the way with repairs, but the good far outweighs any temporary inconveniences."

Peter suggests "speaking to a knowledgeable, professional, and experienced yacht broker near you about the costs of yacht ownership. If you don't have a relationship currently with a United Yacht broker, please give our main office a call at (772) 463-3131 and we will connect you with the best broker to service you based on your location and boating needs.

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Yacht Maintenance Cost Calculator

Owning a yacht is a dream come true for many, but it’s essential to consider the ongoing maintenance costs associated with your investment. To help yacht owners plan and budget for these expenses, we have created the Yacht Maintenance Cost Calculator. This tool allows you to estimate the annual maintenance costs of your yacht over a specified number of years.

The Yacht Maintenance Cost Calculator uses a straightforward formula to calculate the annual maintenance cost:

Total Cost = Purchase Price + (Years Owned x Annual Maintenance Cost)

Using the Yacht Maintenance Cost Calculator is simple:

Enter the purchase price of your yacht in the “Yacht Purchase Price” field.
Input the number of years you plan to own the yacht in the “Years Owned” field.
Specify the estimated annual maintenance cost in the “Annual Maintenance Cost” field.
Click the “Calculate” button.

The calculator will provide you with an estimate of the total maintenance cost for the specified period.

Let’s say you bought a yacht for $100,000 and plan to own it for 5 years. Your estimated annual maintenance cost is $5,000. Using the Yacht Maintenance Cost Calculator, the total maintenance cost over 5 years would be calculated as follows:

Total Cost = $100,000 + (5 years x $5,000/year) = $125,000

What does the Yacht Maintenance Cost Calculator do? The calculator estimates the annual maintenance cost for your yacht based on its purchase price, the number of years you plan to own it, and the annual maintenance cost.
Why is it essential to calculate yacht maintenance costs? Calculating maintenance costs helps yacht owners budget for ongoing expenses and make informed financial decisions.
How accurate is the calculator’s estimate? The estimate is as accurate as the information you provide. It’s essential to input realistic values for purchase price, years owned, and annual maintenance costs.
Can I use the calculator for any type of yacht? Yes, the calculator is designed to work for all types of yachts, regardless of size or model.
Is the calculated cost inclusive of unforeseen expenses? No, the calculator provides an estimate of the expected annual maintenance cost. Unforeseen expenses are not included.
Is there any registration or payment required to use this calculator? No, our Yacht Maintenance Cost Calculator is entirely free to use and requires no registration or payment.
Is the calculator available on mobile devices? Yes, the calculator is designed to be responsive and can be used on both desktop and mobile devices.
What currency is used in the calculation? The calculator uses the currency symbol you input. Make sure to specify the currency in the input fields.
Can I save the calculated result for future reference? No, the calculator does not have a save feature. We recommend noting down the result for reference.
Can I share the results with others? Yes, you can easily share the calculated result with others by copying the displayed cost.

The Yacht Maintenance Cost Calculator is a valuable tool for yacht owners to plan and budget for the ongoing maintenance of their vessels. By entering the purchase price, years of ownership, and annual maintenance cost, you can quickly estimate the total maintenance expenses. This knowledge will help you make informed financial decisions and ensure that your yacht remains in top condition without unexpected financial stress. Use the Yacht Maintenance Cost Calculator today to better manage your yacht expenses.

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Volvo Penta Marine Leisure . Volvo Penta has carved out a vast swath of the marine propulsion industry. While other engine builders cater to the superyacht niche, Volvo Penta delivers marine systems for yachts in the 60 to 120-foot range. The company has built up a strong group of stern-drive engines for powerboats and a series of engines for sailboats.
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The real cost of owning a yacht

Looking to buy a yacht? Before you take the plunge, it is important to consider all the real costs associated with full ownership that you may not be aware of. It is essential that you factor in what the yearly running cost and maintenance costs will be - this is as important as the initial purchase price. This is why shared ownership is often something to consider.

When you own a yacht 100%, consider that a substantial percentage of your investment will be for time that you are not using the yacht at all. The real cost of owning a yacht includes taxes, insurance, mooring fees, crew, dockage fees, maintenance, capital improvement projects, outfitting costs, and more. Your yacht incurs expenses year-round, while you may only be enjoying it a few months or even weeks, out of the year. What if, instead, you could own a 50% share of the same yacht (or better yet, an even bigger yacht with more amenities)? With shared ownership, you can do just that - your investment will be used for your own enjoyment and, at a lower price, you can even benefit by upgrading your yacht experience.

Let’s walk through a sample yacht and the yearly running costs with full transparency of a 10-million-dollar yacht. Your major costs will be yacht crew, dockage, fuel, and maintenance. Please understand everything is variable based on those decisions plus the age of your yacht.

Owners can expect to spend about 10-15% of the purchase price annually on operating and maintaining a yacht. That's $1-1.5 million a year for a $10 million yacht. The bigger the boat, the more crew and salaries you need. There are also other crew costs, like medical and liability insurance, training, and uniforms.

When you are not exploring the world or sunning on the deck in St. Barts, the yacht needs a place to dock. Dockage costs vary depending on how big the boat is and how desirable the marina is. You can lease a dock monthly or purchase a dock.

Like most things, yachts get wear and tear — they require regular maintenance and repairs. Routine maintenance can cost roughly 2% of the boat value after the yacht's first year, and around 7.5% of the boat's value when the yacht is 10 years old. That is not including surveys and refits.

There's also insurance, which is important for not just the yacht but also the tender. Also, don't forget miscellaneous expenses, such as communications, (phone, internet, navigation and Satellite TV) and administration.

Sample 10 million Dollar yacht running costs:

Annual Operating Expenses $1,250,000

Capital Repairs & Reserves $150,000

Total Expenses $1,400,000

Share it, charter it, or both.

An alternative option would be splitting the cost of this hypothetical yacht in half to pay $5 million for your yacht initially, and pay $750,000 a year in running costs. It is recommended to use the yacht up to 14 weeks a year per owner for a total of 28 weeks. Or opt to charter out the weeks you do not use it to defray the running cost. AvYachts can help you design the program and will implement it for you – you simply show up as the guest. Whether you prefer to incur all the real costs of ownership of your own yacht, or opt for shared ownership, we can create a custom program.

Connect with our Luxury Yacht Advisor to learn more.

AvYachts is the expert in yacht share brokerage. Whether you’re looking to sell a share of your yacht to a like-minded partner, or you want to buy a share of a yacht, our dedicated team of yacht brokers and veteran matchmakers is here to guide you every step of the way. Let us match you with just the right yacht, just the right partners and just the right ownership structure for you. Yacht to the fullest without the full costs of ownership.

https://www.avyachts.com/what-we-do

Average Yacht Prices | 40, 50, 60, 70, 100 feet + Helpful Examples

How much do yachts cost? Let’s look at yacht prices per size.

SELECT SIZE ⇩

Note: We will look at yachts that are a few years old. Very few people buy brand-new yachts as the price comes down a lot after only a few years.

How much is a small yacht? Let’s start at 40 feet length.

40 Foot Yacht Cost

A 40-foot yacht can be found used for around $200,000 and new models can cost as much as a million dollars. There are always lots of used yachts for sale around 40 feet in length, which makes them more attractive to first-time buyers.

Technically, a yacht begins at 23 feet. However, yachts that size will more often be referred to as boats.

A 40-foot yacht is a great option for looking for relative simplicity and plenty of comfort and capability. This size is great for day trips in the Caribbean dedicated to speed boating or simple cruising.

The size remains manageable, but the vessel can be updated with extra living spaces and amenities as desired, with a more affordable price than larger options.

The maintenance prices will remain lower as well.

Make sure you are considering the age of your yacht. Even if it is on the smaller end, it will be more expensive if it is new and custom-built to your wants.

Even if you think a 40-foot yacht is the cheapest option, these small factors make for a sliding price scale.

You might find that a smaller, new, custom yacht is more expensive than an older, simpler, larger yacht. One benefit of an older yacht is that it should have the improvements and equipment that make it comfortable to operate and will not have those additional costs.

For sailboat prices specifically, check out this article .

Our Pick: Viking 42 Convertible: Cruise and Fish (2014)

Price: $895,000

Cushioned seats
Underwater lights
Flybridge fiberglass hard-top
Recent engine and service
Joystick control
Cockpit shade with poles, freezer, and step-up box
Custom chairs
Coach roof overhang to provide shade
home theater setup
Freshwater wash area
Cockpit freezer and drink box
Forward-facing viewing windows in deckhouse

Here’s a great example of a yacht with differing ages and year models. It has twin diesel engines, 600 hp each, and cruise at 35 mph (pretty fast!).

Yacht Price Examples for Three Other 40-50 Foot

42-foot Grand Banks 42 Classic; trawler-cruiser style yacht; twin diesel, 350 hp each, cruising speed is 13 mph. Price: $370,000 for 2004; $124,500 for 1986; older ones for less
45-foot Sea Ray 450 Sundancer or Sedan Bridge; single or twin diesel, about 1,000 hp total; cruising speed about 26 mph Price: $472,000 for 2012 twin-engine
41-foot Back Cove Downeast; single diesel 715 hp; cruising speed is 26 mph Price: $619,000 for 2016

50 Foot Yacht Cost

50-foot yachts are normally owner-operated, so you wouldn’t need to pay for a crew. Now we are around the size of 2-bedroom yachts.

They can provide more living space giving the owner flexibility for more guests and making it a more permanent residential option. With more space comes the opportunity to install more amenities as well.

The biggest difference between the 40-foot vessel and the 50-foot is the accommodations.

Expect three-cabin layouts, which give plenty of space for rest. The opportunity to create guest rooms, owners’ suite, and entertainment spaces are better with these yachts.

Our Pick: Hatteras GT54 Convertible Sportfish

The price for the 2017 model of this used yacht starts at $2,249,000.

This yacht is 53′ 10″ long and weighs 75,000 pounds! It has twin diesel engines, 1,300 hp each, cruising speed of 35 mph.

It has a 1200-gallon fuel capacity with three staterooms. It sleeps up to 6 people, so it is perfect for entertaining without being so large to the point where maintenance becomes very difficult. It is known for its great propulsion rates and is very smooth and agile.

It specializes as a fishing boat but allows plenty of room for guests. In addition to the three staterooms, it has a large salon deck, a spacious galley, and plenty of indoor and outdoor seating.

Yacht Price Examples for Two Other 50 Foot

51-foot Azimut Magellano 50; express cruiser; twin diesel engines, 425 hp each, cruising speed 16 mph Price: $670,760 for 2013
52-foot Carver C52 Command Bridge; twin diesel engines, 600 hp each; cruising speed 18- 26 mph Price: $1,149,000 for 2017; $1,750,00 for 2021 with bow thrusters, gyro-stabilizer

How much is a large yacht? Let’s step up to 60 foot.

60 Foot Yacht Cost

Now we’re looking at 2-bedroom yacht prices. A yacht in this range approaches the upper end of the owner/operator criteria.

This means that owners need to decide whether they can handle this size yacht on their own or if they need to hire outside help from a crew.

If you’re thinking of buying a boat this size, the cost may not be an issue, but understand that adding crew members adds substantial extra expenses! Crew salaries start at around $3K /mth for junior members and $10K for captains and experienced crew members.

This size is great for longer travels beyond day trips and adds more and more space for extra amenities. Hosting guests becomes easier.

Here are some examples:

Our Pick: Hatteras M60

The average base price for this model is around $2,995,000.

The Hatteras M60 is great for someone who wants the luxury of a larger yacht but still wants to be an owner-operator. The deck’s layout below and above is spacious, with a large salon and a full master suite. It can be customized to order with hardwood floors or specific carpeting and amenities like TVs, a bar, a full kitchen, etc. It is a motor yacht, meant for pleasure cruising.

It has twin diesel engines, 1135 hp each; cruising speed is 28 mph.

Yacht Price Examples for Two Other 60 Foot

64-foot Schaefer 640; express cruiser; twin diesel engines, 625 hp each; cruising speed 25 mph Price: $1,299,000 for 2017
60-foot Sunreef 62 Sailing Catamaran; twin diesel engines 110 hp each; cruising speed 10 mph Price: $990,000 for 2009

70 Foot Yacht Cost

We’re now looking at 3-bedroom yachts. Once you reach this size yacht, it is almost guaranteed you will need a crew to help operate it. A crewed yacht is very different from an owner-operated yacht.

This is just shy of the superyacht category, so if you settle on this size, know you are almost there!

As previously mentioned, as the yacht size gets larger, so do the number of factors that make the purchase more layered and complex.

When yachts reach this size, the interior layout begins to change more drastically. They often have a spacious main deck perfect for dining and entertaining guests, whereas below, the yacht would likely have four or more cabins and crew quarters.

With more rooms comes more cost and more opportunity to customize the space to make it your own.

Here are some great options for this size:

Our Pick: Hatteras GT70 Convertible Sportfish

The 2017 GT70 model runs around $4,500,000, but keep in mind the extra costs of maintenance, furnishing, and a cabin crew to help it run. It’s great for a long vacation and far-away destinations.

The GT70 convertible sportfish is known for its speed and agility, and high propulsion power. It has twin diesel engines, 1900 hp each; cruising speed over 30 mph.

It is 70′ 6″ with 2,140-gallon fuel capacity. The inside is lavish, with a galley, a huge salon, and five staterooms.

Yacht Price Examples for Two Other 70 Foot

75-foot Hatteras Motor Yacht; sport cruiser; twin diesel, 1800 hp each; cruising speed 28 mph. Price: $4,375,000 for 2017
74-foot Ocean Alexander Motoryacht; twin diesel, 1150 hp each; cruising speed 24 mph. Price: $1,895,000 for 2011

100 Foot Yacht Costs (and up):

You are officially in the superyacht range.

These yachts come in all styles and shapes, allowing for cruising along coastlines or focusing on watercraft and speed boating.

Since this is likely the peak size boat for practical use, you can expect a lot of additional costs for hiring a crew, maintenance, docking, as well as stocking your boat full of amenities.

You’re likely to spend the bulk of your costs furnishing this size boat as bigger yachts typically are sold without furniture. The previous owner will want to hold on to designer furniture and other expensive interior.

Check out these great examples of 100-foot yachts .

Our Pick: 143′ 04″ Virtus 44

This model cost around $20,189,000.

This mega yacht is anyone’s dream.

It is home to a fully integrated beach club with room for a pool deck, floor-to-ceiling windows in the main salon, a hot tub on the top deck, five staterooms, an 8-person crew, and room to sleep ten guests.

It has room for water toys and other gadgets, with a layout that keeps them purposefully hidden from the outside world. It has a 12-knot cruising speed and 16-knot max speed,

Other 100+ Feet Yachts Price Examples

98′ 5″ AB 100 Price: $8,843,260 for 2018
161′ 04″ Acico Nassima Price: $17,933,000 for 2012

How Much is Yacht Insurance?

Insurance on a yacht is around 1% of the purchase price per year. It can go higher if you have lots of expensive designer furniture. This can add up over the years. It’s often cheaper to insure a sailing yacht but the price range is still within the 0.7-1.3%.

What Other Expenses Do Yacht Owners Face?

Harbor fees is another expense for yacht owners. It’s also a yearly fee that varies but as a rule of thumb, you can expect to pay around $100 per foot per year, depending on how popular the marina is. You will also have to be on a waitlist if you want a good location.

How Much Does a Luxury Yacht Cost?

A super yacht fall under the category of “luxury yachts” or “mega-yachts”.

The world’s largest private vessel belongs to the Prime Minister of the United Arab Emirates, Khalifa bin Zayed Al Nahyan’s Azzam. It is 590 feet long and costs $600 million to build!

It is outliers like these that increase the price average for yacht owners, perhaps scaring potential owners when they start their research.

As a luxury yacht price guide, however, we need to look at averages.

Currently, the average superyacht costs $275 million. This does not even account for maintenance costs, either.

Superyachts are large and luxurious, needing a professional crew to help them run. They are designed to emphasize comfort, speed, and longer expeditions – depending on the yacht builders.

They might have:

swimming pools,
water toys,
diving and fishing poles,
fully furnished rooms,
helicopter landing pads,
and smaller support vessels

Just to name a few amenities. They are truly the epitome of the elite.

What Size Boat is Considered a Yacht?

The normal yacht length starts at around 23 feet, and can extend hundreds of feet. If the boat meets 23 feet, it can be considered a yacht.

A boat does not need luxury features to be considered a yacht.

It can be minimal and stripped of the “extra” stuff to fall into the yacht category, so long as it meets the size and length criteria.

11 Things to Consider Before You Purchase

When making this purchase, the yacht size you buy needs to reflect what you hope to get out of the vessel.

Some important questions to ask yourself before you buy are:

What does your perfect day on the water look like?
How long will your average day on the water be?
Will it be more boating/watercraft focused or long cruise focused?
Will you use the yacht for fishing?
Will you be on the yacht every day of the week or just on weekends?
How many people do you hope to fit on the yacht?
Do you plan to stay on the yacht overnight?
Where will you dock the yacht?
How much boating experience do you have?
How fast do you want the yacht to go?
How important is it to have extra amenities like furnished rooms, water toys, electronics, etc.?

These questions will guide you to understand the size you really need and will be able to realistically maintain versus what your most ideal yacht would look like.

When Do You Need a Full-Time Crew?

At length over 50 or 60 feet, you may need a full-time captain or crew.

A full-time crew person will be needed to keep all the varnished woodwork looking good and all the little things maintained.

Sometimes, you must be honest with yourself about what you want and what you actually need. Be self-aware about your abilities (or lack thereof) in taking care of a specific size yacht.

If you don’t know much about boats and navigation, you will need more help to use your vessel.

Hopefully, this comprehensive guide gives you a good starting point as you begin your yacht price research process.

Important Things to Consider As Well

Although there are many factors to consider when understanding a yacht’s prices, it is an exciting purchase nonetheless and should be enjoyed as much as possible.

At the end of your research, you’ll be the owner of a beautiful yacht you can use for leisure, cruising, sports craft, fishing, or all of the above.

Although this article is a good starting point, we would also recommend getting in touch with a yacht broker who can help you find your best fit , model, year, and the price is given your personal budget.

They are great sources of knowledge in addition to personal research.

Make sure you are as patient as possible in this process to make sure you are covering all your bases, but most importantly, enjoy the process!

Here’s How Much Yachts Cost on Average:

Yachts start around $300,000 for smaller 40-foot models and can go as high as several hundred million dollars for superyachts.

These are the main contributing factors to the price of a yacht:

The size of the yacht
The age of the yacht
The brand and type of yacht

In general, the larger the yacht is, the more important the quality of the build becomes.

Also, potential owners need to understand the cruising speed and propulsion of different yachts.

The yacht type is also broken down into two categories:

Mediterranean Style Open style expresses yacht with maximum space for sun, little-to-no shade on the deck.
Hard-top express Semi-enclosed or fully-enclosed space on deck for the operator
Flybridge yachts

An express yacht is often referred to interchangeably as an express cruiser or sports cruiser .

It has a single deck above the hull with a living space below.

They are much sleeker, too.

A flybridge yacht is often referred to as a sedan bridge or sport bridge, and it is typically used for fishing. It has additional space above the main deck.

Since the flybridge area has more space on the second deck, the main deck is normally made up of enclosed spaces and rooms.

It can have an open-air layout but can also have a hard-top.

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How Much Does It Cost to Maintain a Yacht?

On June 16, 2023
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Owning a yacht is a dream for many, offering luxury, adventure, and the opportunity to create lasting memories.

However, understanding the real cost of owning a yacht is crucial for making an informed buying decision. In this comprehensive guide, we will explore yacht maintenance costs, yacht cost of ownership, hidden costs, and various aspects of owning a yacht, including storage, insurance, and fuel expenses.

The cost of owning a yacht- easy to understand chart:, storage and marina costs, insurance costs, routine maintenance, yacht crew expenses, how to manage yacht crew costs, storage and marina fees, yacht management fees: is it worth it, key takeaways: understanding the costs of yacht ownership.

Please note that these numbers are for illustrative purposes only and can vary significantly based on the yacht size, location, and other factors such as inflation.

Yacht Size	Annual Operating Cost	Breakdown of Costs
60-foot (Small Yacht)	$100,000 (10% of its value)	Includes all operational and maintenance costs
100-foot Yacht	$2,000,000 (20% of its value)	Fuel, insurance, dock fees, maintenance, repairs, crew, etc.
180-foot (Mega Yacht)	$4,750,000+	$1,000,000 maintenance & repairs, $350,000 dockage, $240,000 insurance, $400,000 fuel, $1,400,000 crew, 15-25% V.A.T.

Yacht Maintenance Cost: The Basics

When considering how much it costs to maintain a yacht, it’s important to understand that there are several factors involved. Yacht maintenance costs can vary depending on the size of the yacht, usage patterns, and the yacht’s age. Here’s a breakdown of the main cost categories:

One of the primary costs of owning a yacht is storage. Marina fees vary based on location, amenities, and yacht size. For example, a 60-foot yacht might cost between $20-$22 per foot, plus additional utility fees in a typical marina. In a prestigious marina, the costs could be over $5,000 per month.

Insurance is another significant expense in the yacht’s cost of ownership. Rates for a 60-foot yacht can range from $6,000 to $14,000 per year, depending on factors like location and intended usage (private or charter).

Fuel expenses are a major part of yacht operating costs. Depending on fuel price fluctuations, a 60-foot yacht with a 1,200-gallon fuel tank can cost around $6,600 to fill up. Fuel consumption depends on yacht size, capacity, and usage patterns.

Routine maintenance is essential for keeping a yacht in optimal condition. For a 60-foot yacht with average usage, annual maintenance costs can be around $60,000, with regular preventive maintenance, including underwater cleaning, washing, and systems checks. Yacht management companies can help streamline maintenance and prevent costly repairs.

Yacht Crew Costs

One significant aspect of yacht ownership not covered in the previous sections is the cost of employing a yacht crew. Depending on the size and complexity of your yacht, a crew may be necessary to ensure smooth operation and an enjoyable experience for everyone on board.

The annual cost of hiring a yacht crew varies based on the number of crew members needed, their experience, and the duration of their employment. Here’s a general breakdown of the annual costs associated with employing a yacht crew:

Crew Salaries : Salaries depend on the crew members’ positions and experience. For example, a captain’s salary can range from $70,000 to $150,000 annually, while a deckhand might earn between $30,000 and $60,000 annually. Remember that these are just average figures , and actual salaries may differ based on various factors.
Crew Training and Certifications : Professional yacht crew members often need specific training and certifications to work on a yacht. The cost of these programs varies, but yacht owners should be prepared to cover these expenses or offer financial assistance for crew members to obtain the necessary qualifications.
Crew Insurance : Yacht owners are responsible for providing insurance coverage for their crew members. Depending on the contract terms, this includes health insurance, liability insurance, and potentially even life insurance.
Crew Travel and Accommodation : Yacht owners may need to cover travel and accommodation expenses for their crew members, particularly if the yacht is traveling to various locations or if crew members need to join the yacht at a specific destination.
Crew Uniforms and Gear : Professional yacht crews typically wear uniforms, and the yacht owner is responsible for providing them. Additionally, the owner should also cover any necessary gear or equipment for the crew’s job responsibilities.

While employing a yacht crew can be expensive, there are ways to manage these costs effectively:

Hire a Yacht Crew Management Company : These companies can help yacht owners find, hire, and manage their crew, ensuring a smooth operation and a great experience for everyone involved. This can help you save time and effort while making sure your crew is well-taken care of.
Seasonal Crew Members : If your yacht usage is seasonal, consider hiring crew members on a seasonal basis to save on costs. This way, you only pay for the crew when you need them.
Fractional Yacht Ownership : As mentioned earlier, fractional yacht ownership allows multiple owners to share the cost of owning and operating a yacht. This also applies to crew costs, which can be divided among the co-owners, significantly reducing individual expenses.

Cost of Owning a Small Yacht: A Closer Look

If you’re considering a smaller yacht, it’s essential to understand the true cost of owning a small yacht. Generally, smaller yachts have lower maintenance costs, but there are still several annual expenses to consider:

As with larger yachts, storage fees for smaller yachts vary depending on location and amenities. Expect to pay between $10 and $15 per foot in a typical marina for a 30-foot yacht.

Insurance rates for smaller yachts are usually more affordable, ranging from $1,000 to $3,000 per year, depending on factors such as location and usage.

Smaller yachts have lower fuel consumption, resulting in lower fuel costs. However, it’s still essential for most yachts to budget for fuel expenses, as they can add up over time.

The annual operating cost of maintaining a small yacht is lower than that of a larger yacht. Annual maintenance costs can range from $20,000 to $30,000, including regular cleaning, engine servicing, and systems checks.

Hiring a yacht management company can be an excellent investment for yacht owners. Yacht management fees typically cover maintenance, crew management, and charter bookings. Fees vary depending on the size of the yacht and the services provided, ranging from $10,000 to $50,000 per year.

Yacht management companies can help you save time, reduce stress, and streamline the ownership experience for boat owners. They also help prevent costly repairs by ensuring your yacht receives regular maintenance and proper care.

In summary, owning a yacht is a significant financial commitment with various expenses, including maintenance, storage, insurance, and fuel costs. Here are the key takeaways from this comprehensive guide, including the dollar amounts associated with yacht maintenance:

Yacht maintenance costs can vary based on yacht size, usage patterns, and age. For a 60-foot yacht with average usage, annual maintenance costs can be around $60,000, including underwater cleaning, washing, and systems checks.
Storage and marina fees depend on the location, amenities, and yacht size. Be prepared to pay between $20-$22 per foot for a 60-foot yacht in a typical marina, with prestigious marinas potentially costing over $5,000 per month.
Insurance costs are essential to yacht ownership, with rates ranging from $6,000 to $14,000 per year for a 60-foot yacht, depending on location and intended usage.
Fuel costs can be a significant expense, especially for larger yachts. Depending on fuel price fluctuations, a 60-foot yacht with a 1,200-gallon fuel tank can cost around $6,600 to fill up.
The cost of owning a small yacht is generally lower than that of a larger yacht. For a 30-foot yacht, annual maintenance costs can range from $20,000 to $30,000, with storage fees averaging between $10 and $15 per foot in a typical marina.
Yacht management fees can be a worthwhile investment for yacht owners, ranging from $10,000 to $50,000 per year. Yacht management companies help streamline the ownership experience, save time, and prevent costly repairs by ensuring proper care and maintenance.
Crew Costs vary, but generally, you will pay between $70,000 to $150,000 for a qualified and experienced captain and about $30,000 to $60,000 per year for a mate.

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Steve Momot

Steve is an accomplished professional photographer and marketer who specializes in the Fishing, Yacht, and Boating industry. With a strong presence as an influencer and marketing expert in the Marine Industry, he has made a significant impact in the field. Additionally, Steve is the original creator and co-founder of Sportfishtrader. Prior to his career as a marine photographer, he gained extensive experience as a licensed boat and car dealer in South Florida.

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Sailo's Boat Calculator

The Sailo Boat Calculator is a tool that allows you to explore, predict, and plan costs and revenues associated to boat ownership. The most important user inputs can be found on the left side of the Cost of Ownership tab. The calculator has built-in models that compute costs as a function of the information provided.

The calculator is organized in multiple tabs that show costs breakdown and allow for detailed customization. For example, the fuel cost tab computes fuel consumption based on the type and size of your boat, estimated HP, and average current gas prices. To make this calculation more accurate you can enter a more exact fuel consumption for your boat and more accurate local gas prices.

The last two tabs are probably the most interesting. The Charter Profit section estimates the income your boat can generate on a platform like Sailo based on charter rates and days rented. Of course we increase maintenance costs due to chartering based on the number of extra days on the water. The Rent vs Buy tab shows a comparison between renting and owning an identical boat to find which option is the most economical and by how much. Note: we assume identical fuel consumption and cost for both rental and personal use. Read more about it here .

COST OF OWNERSHIP Click tabs below to see costs breakdown
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Personal Finance

What Size Yacht Can You Afford?

The word yacht often brings up an image of luxury living on a sleek boat in the sea with a crew of dozens. We don’t want to take the wind out of your sails, so to speak, but even a mountain of money won't necessarily have you swimming with the truly wealthy yacht owners. For example, Tiger Woods purchased his 155-foot superyacht, Privacy, for $20 million—and that’s cheap by swanky yacht standards.

The average annual cost of operating your floating symbol of eliteness is 10% of the purchase price.

What Size Can You Afford?

The word yacht is about as clearly defined as a financial advisor , and you’ll get wildly different answers on what size boat earns that title, depending on whom you ask.

By some definitions, you can still be a yacht owner with a 20-foot boat, and you can join a yacht club and spend your weekends exchanging sea stories with your fellow yacht owners. If you are thinking about investing in a yacht, the first question to ask yourself is how big of a boat can you afford to buy?

Key Takeaways

Not all yachts are supersized and prohibitively expensive, like the luxury yachts used by wealthy individually.
It is possible to rent (barefoot charter) a yacht or lease one with a group of friends.
Just because you own or lease a yacht doesn't mean you can drive it—you need a captain's license.
Other expenses accompany owning a yacht from insurance to hiring a crew or captain if you can't drive it.

Calculations and Qualifications

It can be tough to take out a boat loan if you don't meet specific criteria. For example, unless your debt-to-income ratio is below 40%, you’re not likely to hear a resounding yes from the loan officer.

Plan to put at least 10% down on your yacht and pay somewhere around 5% APR for 10 years. That $100,000 entry-level yacht (a used one would be around 30–35 feet long) is going to incur monthly payments of nearly $1,000 after you make your $10,000 down payment.

There’s also another $1,000 to $1,500 (or more) to spend on life jackets and other necessary equipment when you purchase a yacht. Then there's the question of who drives it.

Can You Drive a Boat?

Are you qualified to operate a larger boat? If not, you’ll have to pay for a captain’s license or hire somebody to operate it for you. In addition, yacht insurance will be north of $600, and a slip rental will set you back a couple of thousand per year.

The annual maintenance costs that amount to 10% of the yacht’s purchase price, which would be around $10,000 on a $100,000 yacht.

To know what you can spend, do the math in reverse: You need to have 55% to 60% of your income available for other needs outside of your yacht. The rest is the absolute max you can blow on your obsession.

The Cheaper Way to Go Yachting

Maybe buying a superyacht just isn’t in the cards for you, but if you don’t want a smaller recreational boat, you may want to consider a bareboat charter. It’s like a lease, and just like with a car, you won’t be the owner but you can rent the yacht for a certain period of time.

This could be very short-term—for a yachting vacation—or long-term. For higher-priced vessels, splitting the costs among multiple people could make the price more reasonable. You as the charterer are responsible for nearly all fees, including fuel, boat insurance , port fees, and everything else.

There are also shared leasing arrangements . In these situations, you pay a monthly fee to a boat club and gain the use of any vessel in the fleet. You still have to pay for fuel and some costs, but the pricing is much more reasonable than trying to purchase the yacht on your own.

Some clubs offer an initiation fee that can go well into the thousands, as well as a monthly fee of a couple of hundred dollars.

The Bottom Line

Owning a luxury yacht takes truly serious money. But for those who earn a higher-than-average income, renting or leasing a vessel, teaming up with friends, or joining a boat or yacht club can make the price comparatively reasonable.

As with any equipment-heavy hobby, the costs are often higher than you think, so you’ll want an emergency fund in place for those unexpected expenses.

Business Insider. " Tiger Woods Has Reportedly Docked His $20 Million, 155-Foot Yacht in the Hamptons — and He Apparently Plans to Stay There During the US Open ."

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National Marine Lenders Association. “ Things to Consider Before You Shop for a Boat ,” Page 2.

Intuit. “ How Much Does It Really Cost to Own a Boat? ”

Improve Sailing. “ How Much Does It Cost to Dock a Boat for a Year? ”

Progressive. “ Average Boat Insurance Cost .”

Freedom Boat Club. “ Boating Made for Everyone .”

Boatsetter. “ The 5 Secrets Boat Clubs Don’t Want You to Know About .”

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A Complete Breakdown Of Boat Maintenance Costs Per Year

Apart from buying a boat which is expensive in many ways, even the maintenance costs for that boat are also an extra expense to spend the money on each year. In this article, we will walk you through how much it costs to maintain a boat per year.

On average, the cost of maintaining a boat is around $2,000 per year. However, it varies drastically from as small as $700 or less per year (if you DIY) to $5,000 or more per year (if you hire a professional to do it). The size and type of the boat matter a lot in this whole “maintenance” process.

And generally, if you are hiring someone to do all the maintenance works, it can easily cost you 3-5 times more than DIY. Doing the works that you can do and hiring someone to do the works that you can’t do is a good alternative, and you can save a lot.

Here’s a table showing the average maintenance costs of a boat per year.


Winterization (once every year)	DIY – $150 (around) Hiring – $300 – $600+
Bottom Paint (once every 1-2 years)	DIY – $100 – $500+ Hiring – $15 – $50 per linear foot
Aesthetic related Maintenances (Corrosion, blisters, etc.)	$100 per year
Boat Waxing (once every 1-3 years)	DIY – $150 – $500+ Hiring – $12 – $25 per foot
Boat Detailing (once every year)	$8 to $40 per foot
Boat Trailer Maintenance	around $100 per year
100-hour service	$250 – $500 per engine
Regular Washing and Cleaning	DIY – $50 – $300 per year Hiring – $3 – $5 per foot
Other Maintenances	$50 – $200

Those are the average values, and for a small boat , it requires very little maintenance compared to a big boat, which is 2-3 times more than a normal-sized boat. Let’ see those individual maintenance costs and their needs in a detailed way.

Related Post – Are Boats Money Pits? Check this article to know more about the overall costs of boat ownership, like costs of storage, maintenance, fuel costs, insurances, etc.

Different Boat Maintenance Costs Per Year

How much does it cost to winterize a boat.

On average, winterizing a boat cost around $300. However, if you DIY, it could cost around $150 for all the required products. But if you hire someone to do it, it could cost you around $300 – $600+. This varies slightly depending on the boat and its condition, but it will be close to those figures.

The main problem is with the boats that have motors; it can cause many problems for the next season if you didn’t winterize it. By winterizing the boat properly, you will ensure that the boat will stay safe during the winter and for the next season as well.

DIY boat winterization doesn’t vary nearly as much. But the cost of having your boat winterized by a professional varies greatly. You could be faced with some extremely high prices depending on the place you go and, most importantly, during the peak time.

All boats need to be winterized , especially motorized boats. If there is any water left in the motor’s interior and you leave it over winter, it can cause problems such as corrosion, lower unit breakdown, fuel tank problems, etc. For non-motorized boats, proper cleaning and storing are sufficient.

How Much Does It Cost To Bottom Paint A Boat?

On average, bottom painting a boat costs around $200. However, if you DIY, it could cost around $100. But if you hire someone to do it, it could cost you around $15 – $50 per foot. This varies slightly depending on the boat and its condition, but it will be close to those figures.

Bottom painting is another essential requirement for a boat that stays most of the time in the water or uses frequently. However, you need not apply a bottom paint every year unless if needed. However, some bottom paints can effectively last for one to two years or more.

Bottom paint for a boat is used to stop the growth of algae, barnacles, and weeds below the waterline of the boat. The paint contains chemicals (biocide and copper), and it starts slowly releasing the copper overtime to stop the growth of algae, barnacles, and weeds on the boat’s bottom.

Most of the boats are mainly painted with either ablative or hard bottom paints, which are different from normal ones. Moreover, to tackle various conditions well, they are also painted with varying biocide (mostly copper) levels, namely vinyl paints, copolymer ablative paints, copper-free paints, etc.

How Much Does it Cost To Treat Aesthetic related Maintenances For A Boat?

Yearly aesthetic-related maintenances will cost you around $100. Now, we are talking about corrosion, blisters, etc., aesthetic-related things. Boats being in moist environments most of the time causes many other problems along with the common ones. For example, take the blister scenario.

Blisters on a boat are bubbles of water under the Gelcoat. The Gelcoat (boat’s outer layer) is porous and absorbs water. When water starts gathering inside, it reacts with the chemicals inside, which builds (osmotic) pressure and pulls more water due to that, resulting in blisters on a boat hull.

Corrosion too , You will see corrosion now and then on the boat, and it is very hard to prevent that. Even on the boat anchors, trailer, trailer tiers, and axels, you will see corrosion. Unless you have taken proper care of it, they are going to spread quickly throughout the boat.

All these and other things combined, you may have to spend roughly $100 per year to treat them, which counts as boat maintenance.

Related Post – What Are Blisters On A Boat? Are They any problem? Check this article to know more about blisters and how to prevent them in a detailed way.

How Much Does It Cost To Wax A Boat?

On average, waxing a boat costs around $300. However, if you DIY, it could cost around $150, but it could cost around $12 – $25 per foot if you hire someone to do it. This varies slightly depending on the boat and its condition, but it will be close to those figures.

Waxing your boat is essential to maintaining the color, shine, and integrity of a gel coat finish. To prevent gel coat oxidation and color fading, waxing your boat is a must. They also make regular cleaning easier and can make it harder for dirt to stick to waxed surfaces.

Waxing is different from polishing. Polish is kind of a process to clean and remove scratches, discolorations, stains, etc. At the same time, waxing is to protect the finish.

Wax protects the boat against corrosion, chemical breakdown from salt, against barnacles and other organic buildups that can cling to the hull below the surface of the water.

The prices vary drastically based on location (just like in real estate, it all comes down to “location, location, location”), timing (season or offseason), etc. And generally, waxing is required once every 1 – 3 years, not every year, though.

Related Post – Why Are Boat Engines Expensive? Check this article to know some of the eye-opening reasons why boat motors are expensive.

How Much Does It Cost To Detail A Boat?

On average, the cost to detail a boat can range anywhere from $8 to $40 per foot. However, it varies based on size and condition. The larger the boat, the higher the boat detailing cost will be. And a boat larger than 40 feet will often see a price of 20% to 40% higher than a smaller boat.

Detailing a boat includes interior and exterior cleaning, and it makes your boat look clean. Detailing a boat is similar to detailing a car. With this, you will make your boat look new and clean. Sometimes waxing, polishing also comes under detailing.

Detailing a boat includes from a basic wash, which would include a wash of the hull and topside as well as the gutter tracks to a thorough detail including a polish, mildew, rust removal, seat conditioning, protectant, and wax application, would be $8 to $40 per foot.

Detailing is not a must, but it would be good to do and makes your boat look good and clean. Again, this detailing is related to aesthetics. Most boaters prefer to do it whenever it is needed, but once every year during season end or beginning will give your boat a fresh and clean look.

How Much Does A Boat Trailer Maintenance Cost?

On average, boat trailer maintenance costs around $100 per year. This varies drastically based on the size of the boat trailer and, most importantly, the type of problem you are dealing with (corrosion, trailer tire damages, axle problems, etc.).

Boat trailer maintenance includes

Check your tire pressure.
Don’t forget to bring along a spare tire.
Periodically check your tires for wear and age.
Use wheel bearing protectors.
Keep your trailer brakes clean.
Have your brake pads or shoes inspected every few seasons.
Check the brake fluid reservoir in the master cylinder.
Apply lubrication to your trailer’s coupler.
Check all of your trailer lights every time you hook up the trailer.
Keep the trailer light connection on your tow vehicle covered when not towing to prevent corrosion ( source ).

Doing all those things will cost you some money. Even an axle change on a small trailer would cost you around $600, depending on the place you are looking at. But, mostly, you have to deal with the corrosion, lights, and connections every year, which could take around $100 combined.

How Much Does A 100-hour service Cost For A Boat?

On average, 100-hour service for a boat costs around $400 per engine. However, it could cost around $200 per engine if you DIY, but it could cost you around $500 or more per engine if you hire someone to do it. This varies slightly based on the engine type.

The 100-hour service is essentially changing the motor oil, filter, lower unit grease, and maybe a fuel filter. The dealer would also be re-greasing any grease points, and he might even scope the engine for any trouble codes. You might be looking at $300 to $500.

Generally, 100-hour boat service includes the following changes.

Engine oil and filter change
Lower unit lube change
Primary (Racor) fuel filter change
Secondary (engine mounted) fuel filter change
Lube all grease points
Clean and grease prop shaft
Spark plug change
Impeller change

However, many won’t change all the things specified on the list every 100-hours. Few people change them whenever they see the wreckage. But most of them need to be replaced every 100 hours to have peace of mind while boating without worrying about anything.

Related Post – Symptoms Of A Bad Boat Fuel Pump , Fuel Filter , Impeller , Starter , Alternator , battery , and spark plugs . Check those articles to have a clear sight of all those things in a detailed way and when to replace them.

Regular Washing and Cleaning

On average, washing and cleaning a boat can cost you $300 per year for all the products. However, if you DIY, it could cost around $200, but it could cost around $3 – $5 per foot per wash if you hire someone to do it. This varies slightly depending on the boat and its condition.

Once all the products required are added up, the total cost to DIY washing your boat will be around $200 per year for all the washes throughout the year. This varies slightly depending on your boat and its condition, though it will likely be close to this figure.

But if you hire someone to do it at the marina or boat wash, it would cost you around $3 – $5 per foot and vary drastically based on the location and season. Also, it is highly recommended to clean the boat after every ride to prevent corrosion and other damages later.

Related Post – How Often to Clean (Wash) Your Boat? Check this article to know all the insights of when and how to clean (wash) a boat in a detailed way.

Other Maintenances

Here’s a list of other maintenances.

Electrical Lines
Anchor and anchor lines
Safety Electronics

Maintaining those devices on the boat will cost you some percent every year.

Bottom Line

My name is Mahidhar, and I am passionate about boating. Every day I learn some new things about boats and share them here on the site.

Cost of Buying & Owning a Small Yacht (Detailed Breakdown)

While some people may prioritize a slower, more eco-friendly, and more hands-on experience that they get from a sailing yacht, others may prefer a faster, more luxurious, but less hands-on experience from operating a motor yacht. However, the tiebreaker comes down to the costs of owning and maintaining them. With that, let's explore how much you'll need to buy and own either a small sailing yacht or a motor yacht, and see which one is more affordable.

A new 30-foot sailing yacht can cost anywhere from $50,000 to $200,000, while a used one in good condition can range from $20,000 to $100,000. On the other hand, a new 30-foot motor yacht can cost between $100,000 and $500,000, while a used one can range from $50,000 to $300,000.

The ongoing costs of owning a yacht include maintenance and repair costs, fuel costs, insurance, docking fees, and more. Let's take a closer look at each of these costs and how they can impact your budget.

The initial purchase price and ongoing costs of owning a motor yacht are higher than those of a sailing yacht.
A sailing yacht relies mostly on wind power, while motor yachts require more complex mechanical systems and need more fuel.
Purchasing older yachts may require more maintenance and repairs.
Additional initial expenses when purchasing a used yacht include hiring a surveyor, buying bottom paint, looking for upgrades, and purchasing safety equipment.
Insurance costs for motor yachts are higher due to their faster speeds and increased risk of accidents.

Cost of Buying And Owning A Small Yacht


	$54,750 - $216,750	$10,300 - $42,400
	$23,500 - $121,500+	$3,200 - $20,500+
	$108,050 - $540,750	$9,500 - $57,500
	$55,000 - $328,500	$12,000 - $28,000

1. The average cost of owning a new 30-foot sailing yacht

On average, a small brand-new sailing yacht can cost anywhere from $50,000 to $200,000 or more. This price range typically includes basic features like a cabin, galley, and bathroom, as well as a mast, sails, and rigging. However, the price may not include additional amenities like a generator, air conditioning, or advanced navigation systems.

In addition to the initial purchase price, there are also ongoing costs associated with owning a sailing yacht, such as mooring fees, maintenance and repairs, insurance, and fuel costs. These expenses can add up quickly, and you may need to factor them into your budget when considering buying a sailing yacht.

One advantage of owning a sailing yacht is that it can be less expensive to operate than a power yacht, as it relies on wind power rather than fuel. However, sailing yachts also require more maintenance and upkeep, particularly for the rigging and sails .

Initial expenses for a new 30-foot sailing yacht


	$50,000 - $200,000
	$500
	$4,000 - $16,000
	$250

Recurring expenses for a new 30-foot sailing yacht


	$3,600 - $18,000
	$500 - $2,000
	$5,000 - $20,000
	$1,200 - $2,400

2. The average cost of owning a used 30-foot sailing yacht

In general, you can expect to pay anywhere from $20,000 to $100,000 for a used 30-foot sailing yacht. This cost will typically include the purchase price of the boat itself, as well as any necessary upgrades or repairs that may be required.

Once you have purchased the boat, there are a number of ongoing costs associated with owning and maintaining it. These can include mooring or slip fees, insurance, registration and licensing fees, and regular maintenance and repairs.

Although used sailing yachts can be much more affordable than new ones, they may require more maintenance and repairs which can be costly and time-consuming. There may be hidden issues or problems with a used boat that are not immediately apparent, which can lead to unexpected expenses down the line.

Initial expenses for a used 30-foot sailing yacht


	$20,000 - $100,000
	$500 - $1,500
	$1,000 - $3,000
	$500 - $5,000
	$500 - $1,500
	$1,000 - $10,000+

Recurring expenses for a used 30-foot sailing yacht


	$500 - $2,000
	$1,200 - $12,000
	$1,000 - $5,000
	$500 - $1,500

3. The average cost of owning a new 30-foot motor yacht

The cost of a new 30-foot motor yacht can range from around $100,000 to over $500,000, with some luxury models costing even more. Although operating a motor yacht requires less skill and experience than operating a sailing yacht, the initial purchase price and ongoing costs are higher than that of a sailing yacht.

This is because motor yachts require more complex mechanical systems, such as engines, generators, and other electrical and plumbing systems, which can be expensive to install and maintain. They also need more fuel than sailing yachts, which can result in higher ongoing costs for fuel and maintenance.

Initial expenses for a new 30-foot motor yacht


	$100,000 - $500,000
	$7,500 - $37,500
	$50 - $250
	$500 - $2,500

Recurring expenses for a new 30-foot motor yacht


	$3,000 - $25,000
	$1,500 - $7,500
	$2,000 - $10,000
	$3,000 - $15,000

4. The average cost of owning a used 30-foot motor yacht

A used 30-foot motor yacht can cost anywhere from $50,000 to $300,000 or more. However, you'll need to note that older yachts may require more maintenance and repairs, which can add to the overall cost of ownership.

It can be difficult to know how these yachts were used and maintained by their previous owner, which can lead to unexpected issues and repairs. They may also have less fuel-efficient engines, which can lead to higher fuel costs over time.

Initial expenses for a used 30-foot motor yacht


	$50,000 to $300,000
	$500 - $3,000
	$1,000 - $6,000
	$1,500 - $7,500
	$500 - $3,000
	$1,500 - $9,000

Recurring expenses for a used 30-foot motor yacht


	$1,500 - $3,000
	$3,000 - $10,000
	$2,500 - $5,000
	$5,000 - $10,000

Expenses Involved In Buying and Owning A Small Yacht

Initial expenses in buying a small yacht

Boat purchase is not cheap.

The first cost you'll encounter when buying a yacht is the purchase price which can range from tens of thousands of dollars to millions of dollars. When setting a budget for your yacht purchase, try to consider not only the purchase price but also the ongoing costs of ownership.

You need to register your yacht

Before you can legally operate your small yacht, you need to register it with the relevant authorities. The registration process depends on your location and the size of your yacht. In Oregon, for example, all boats with motors must be titled and registered with the Oregon State Marine Board. The registration fee is based on the length of the vessel.

To register your yacht, you will need to provide proof of ownership, such as a bill of sale, and complete the necessary paperwork. You may also need to provide proof of insurance and pay any applicable taxes.

Factor in payment for taxes

Each state has its own tax laws, and some states may have additional taxes or fees that apply to yacht owners. In Florida, there is a 6% sales tax on boats, while in Texas, the sales tax is 6.25%. In addition to state taxes, some municipalities or counties may also charge a local sales tax.

Set aside payment for the title fee

The title fee is the cost of transferring the ownership of the yacht from the seller to the buyer. The title fee for a small yacht can range from a few hundred dollars to a few thousand dollars.

Budget for hiring a surveyor

A survey is particularly important when buying a used boat, as it can help uncover any hidden problems that may not be immediately apparent to the buyer. Used boats can have a range of issues, from minor cosmetic defects to serious structural damage, and a survey can help to identify these issues before the sale is completed.

During the survey, the marine surveyor will thoroughly inspect the boat's hull, deck, and superstructure, as well as its mechanical systems, electrical systems, and safety equipment. The surveyor will also test the boat's performance on the water, including its handling, speed, and maneuverability.

After the survey is complete, the surveyor will provide the buyer with a detailed report of their findings, including any defects or deficiencies that were identified. This report can be used by the buyer to negotiate the purchase price or to request that any necessary repairs be made before the sale is completed.

Used small yachts need upgrades and customizations

One of the joys of yacht ownership is the ability to customize your vessel to suit your needs and preferences. Some common upgrades and customizations include:

Deck hardware: Installing new hardware such as cleats, winches, and blocks can improve the functionality of your yacht, but can also be expensive.
Communications: Upgrading your communication systems, such as radios and satellite phones, can improve safety and convenience, but can also be costly.
Vinyls: Adding vinyl graphics to your yacht can be a fun way to personalize your vessel, but can also be expensive.
Anti-fouling paint: Applying anti-fouling paint to the bottom of your yacht can help prevent the growth of marine organisms, but can also be a recurring expense.

Consider the costs of buying safety equipment

Safety should always be a top priority when operating a yacht. Some essential safety equipment includes:

Life jackets: Having enough properly fitting life jackets for all passengers is essential for safety.
Fire extinguishers: Having properly functioning fire extinguishers on board can help prevent a disaster.
First aid kit: Having a well-stocked first aid kit on board can help in case of injury or illness.
Emergency signaling devices: Having emergency signaling devices such as flares or an EPIRB can help alert others in case of emergency.

For a more detailed list of the safety equipment you need for your newly purchased small yacht, here's an article you can refer to.

Recurring costs for owning a small yacht

In addition to the initial expenses, there are also ongoing costs associated with owning a yacht such as the following:

Avail an insurance policy for your yacht

Shop around for insurance agencies that specialize in yachts, as there are many clauses and catchphrases that are unfamiliar to the average insurance agent. Insurance companies that specialize in boats often provide surprising discounts for both your own skills and the equipment on your boat.

A specialized insurance policy is generally estimated at between 0.8% and 1.2% of the boat's purchase price per year. It should also cover these 10 basic things included in this article.

Sailing yachts may be more expensive to insure due to their increased risk of damage from weather and other environmental factors, while motor yachts may be more expensive due to their higher speeds and increased risk of accidents.

Keep in mind dockage and mooring fees

You can save money on docking fees by anchoring in free anchorages or finding marinas that offer discounts for long-term stays. Some marinas charge by the foot, while others charge a flat rate. You can try to research different marinas in your area to find the best deal.

In addition to the basic fee, some marinas charge extra for amenities such as electricity, water, and Wi-Fi. You may also want to consider the location of the marina since marinas in popular tourist destinations tend to be more expensive than those in less popular locations.

If you're in California, here are 7 places where you can dock your yacht at the cheapest price.

Consider costs for maintenance and repairs

Maintaining and repairing your small yacht is an important part of yacht ownership. Regular maintenance ensures that your yacht is safe to operate, and it can prevent costly repairs down the line.

Routine maintenance is the regular upkeep of your yacht, which includes things like cleaning, oil changes, and checking the engine and other systems. Consider following the manufacturer's guidelines for routine maintenance, as this will help prevent breakdowns and keep your yacht in good condition.

Now, even with regular maintenance, repairs may be necessary from time to time. Repairs can range from minor fixes like replacing a lightbulb to major repairs like fixing a damaged hull. Address repairs as soon as possible to prevent further damage.

For bottom paint, you can read this article on How Much Does it Cost to Antifoul a Boat? (Bottom Paint)

Account for fuel costs

The type of yacht you own will determine the fuel you use. For example, a motor yacht will require more fuel than a sailing yacht. Fuel costs are usually calculated per gallon. You can use a yacht fuel cost calculator to estimate how much fuel you will need for your trip and the approximate cost.

You can save money on fuel costs by filling up at a marina that offers fuel at a lower price. You might also want to consider using fuel additives that can improve your yacht's fuel efficiency and reduce fuel consumption.

You may also like, how much sailboats cost on average (380+ prices compared).

Turns out that owning a sailboat is pretty affordable. OK, it isn't cheap, but it can absolutely be done on a budget. In this article, I'll show you exactly what to …

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The Real Costs of Owning a Superyacht [Complete Guide]

November 25, 2019 1:00 pm

Owning a superyacht is a status symbol available only to the world’s wealthiest individuals and corporations. Although there is no strict definition, the Red Ensign Group Yacht Code is applicable to “motor or sailing vessels of 24 meters in load line length and over…and which, at the time, is in commercial use for sport or pleasure and carries no cargo and no more than 12 passengers 1 .” There are currently just over 10,000 superyachts in the world with around 200-250 new builds delivered each year. The vast majority are motor yachts , with sailing yachts counting for less than 20% of the total. The world’s largest private vessel, Khalifa bin Zayed Al Nahyan’s 180m (590-foot) AZZAM, cost $600 million to build when it was delivered in 2013. Eight of the ten most expensive luxury acquisitions of all time were superyachts.

Purchase Cost

Buying a new or used superyacht will most likely cost the buyer several million dollars. Pricing varies widely based on the yacht size, age, and other factors such as builder, guest capacity, speed, range, and more. The market is worldwide and extensive. Any potential buyer would be well-advised to engage a professional, certified broker to guide them in the selection of their dream yacht and through the myriad of complications in making the purchase.

• Financing the Purchase
• Immediate Post Purchase Costs

Operating Costs

In years past, owners and their brokers would work on 10% of the purchase price as an estimate of annual operating costs, but the vast range of yacht size, operating location, and usage profile makes this approach less useful without giving the question more thought. Building a budget for a yacht requires consideration of the following elements:

Crew – Salary, payroll taxes, recruitment fees, uniform, health insurance, food, and travel for vacation and repatriation are all crew-related costs. A good guide for salary costs is published by Dockwalk magazine every year based on an extensive survey of the crew and placement agents. Using their most recent article as a guide, a crew of eight full-time crew on a 150-foot yacht will cost over $650,000 per year in salary alone. Get a complete crew cost breakdown.

Dockage – Unless the owner plans to spend the year at anchor, then keeping the yacht in a marina incurs a significant cost. Dockage is normally sold per foot of the yacht’s full length and per night, although contract rates for longer periods may be available. High-quality marinas in peak seasons are currently running in the $6-8 per foot per night range. Electricity, fresh water, and waste removal are all additional costs to be considered.

Fuel – The captain or engineer should be able to provide the fuel consumption per hour at any given speed, so if a yacht owner knows roughly how much he wants the boat to travel, then he can estimate the total fuel consumption and budget the fuel cost. There is also the fuel cost for generators, particularly at anchor. A typical 150-foot motor yacht cruising at 12 knots will consume in the region of 150 U.S. gallons per hour. At today’s fuel prices, that’s going to be close to $500 per hour. 500 hours per year will give us the main engine fuel budget of around $250,000. To this, we must also add the generators’ fuel consumption at anchor plus any additional cost for tenders.

Communications – Everyone onboard, crew and guests, want to remain connected to their social media, streaming services, and email. The technology available in this area moves fast and with 5G coming online, near-shore costs will likely come down. For those who want broadband speed while offshore, costs are high and depend on the upload/download speeds required. Start with an estimate of $4-5,000 per month and work from there. Additional communications costs include satellite TV subscriptions, crew cell phone costs, mail, freight, and more. Get a complete communication cost breakdown.

Maintenance, Consumables, and Other Operating Costs – Having considered crew payroll, marina costs, fuel, and internet, the budget will start to materialize. One must take all other costs into account, such as hull insurance, liability insurance, maintenance and consumables, warehousing, safety and survey costs, upkeep of the navigation outfit, computing support, car rental, and more.

Looking for more details?

Receive the complete Cost of Yacht Ownership Guide including:

• Offsetting Expenses With Charter
• Superyacht Financing
• Budget Development + More

This should not be considered a financial guide. For a more accurate estimate, contact Clive McCartney .

1 Red Ensign Group Yacht Code Section A 1.2(1)

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NEWS | September 17, 2024

Blade partners with denison yachting to transport clients to and from the monaco yacht show.

BLADE Partners With Denison Yachting to Transport Clients to and from the Monaco Yacht Show Denison is pleased to announce its partnership with BLADE Urban Air Mobility, a global air mobility platform that provides air transportation, particularly as an alternative to common congested ground routes in major cities. During the upcoming Monaco Yacht Show, BLADE

NEWS | September 13, 2024

85′ jfa yachts 2018 sold by david johnson & jeremy roche [ndse].

85′ JFA Yachts 2018 Sold by David Johnson & Jeremy Roche [NDSE] NDSE, an 85′ JFA Yachts built in 2018, was sold in-house by David Johnson, who represented the Seller, and Jeremy Roche, who represented the Buyer. Equipped with a carbon mast and boom, NDSE features a sail plan tailored for high-performance

NEWS | September 12, 2024

Top charter destinations to experience on the adriatic coast.

Top Charter Destinations to Experience on the Adriatic Coast Get the inside scoop of what makes the Adriatic Coast such a special charter destination. Explore the Adriatic Coast aboard a premier charter yacht and immerse yourself in the unparalleled beauty and cultural richness of Europe’s most scenic coastline. Charter

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The Real Cost of Buying & Owning a 50-Foot Yacht
The total estimated upfront costs of buying a 50-foot yacht range from $458,000 to $692,000 and include the initial purchase price and other fees. There are also hidden costs that total $70,000-$300,000+ per year. For ongoing costs, the total estimated annual costs are $35,000-$85,000 per year. Although costly, with proper budgeting ...
Understanding the Maintenance Costs of Yacht Ownership
Medium Yachts (40-70 feet): Annual maintenance costs can run between $5,000 to $20,000 for yachts in this range. Large Yachts (Over 70 feet): These can cost upwards of $30,000 annually, without accounting for crew salaries or fuel. Paul Denton at Denison Yachting can provide detailed information for a more precise and customized cost breakdown ...
How Much Does it (Really) Cost to Own a Yacht?
A 180-foot superyacht and/or mega yacht costs a minimum of $4.75 million per year to operate and maintain. Kitty McGowan of the US Superyacht Association estimates an annual budget of $1 million for maintenance and repairs, $350,000 for dockage, $240,000 for insurance, $400,000 for fuel, and $1.4 million for the crew.
Average Sailboat Maintenance Costs (with 4 Examples)
The average annual maintenance cost of sailboats is between $2,000 - $3,000. However, larger boats of 30 feet and up will cost considerably more. The actual total annual cost is $3,000 to $7,000, due to other recurring costs like docking and insurance fees. However, what you'll actually pay really depends on the type of boat you have and what ...
Superyacht Cost Calculator
Yes, our yacht operating cost calculator can output a budget suitable for this situation. Adjust the owner use to 2 (minimum value), owner slider to 0, crew slider to 10%, Administration to 10%, Fuel and Dockage to 0, Maintenance to 10% and then Capital Repairs to 0. This will remove all of the large charges associated with owner use and vessel ...
Yacht Maintenance Cost. The Real Costs of Owning a Superyacht
So a $50 million yacht is likely to cost around $5 million a year to run and maintain, while the largest yachts could run to over $50 million a year. So what is it that costs all the extra every year? Yacht fuel costs. One of the biggest outgoings in the running of a superyacht is the cost of diesel. To put this into context, a 70 metre-long ...
How Much Does a Yacht Cost: A Comprehensive Breakdown for Buyers
The cost of owning a 50-foot yacht includes the purchase price, maintenance, insurance, docking fees, and fuel costs. While the purchase price can vary greatly, annual costs can be estimated at approximately 10% of the yacht's value, which may include maintenance, repairs, insurance, docking fees, and other related expenses.
How much does it cost to own a yacht?
The yacht's purchase cost isn't the only expense though and other factors need to be considered. What does it cost to own a yacht? "The cost of ownership for a 60-foot, $1 million yacht is going to be about 10% of its value, or $100,000 per year if it's over ten years old," said Peter Schmidt, Founder of United Yacht Sales.
Yacht Maintenance Cost Calculator
Your estimated annual maintenance cost is $5,000. Using the Yacht Maintenance Cost Calculator, the total maintenance cost over 5 years would be calculated as follows: Total Cost = $100,000 + (5 years x $5,000/year) = $125,000.
How Much Does a Yacht Cost to Own?
How much is a yacht of 50 feet in length? Yachts reaching the length of 46 to 50 feet have a price range that starts from $375,000 to $625,000. Here are some samples of these kinds of yachts being sold online: ... a typical yacht would cost approximately $8.4 million. The cost of owning a yacht is another matter. To maintain a 60-foot yacht ...
How Much Sailboats Cost On Average (380+ Prices Compared)
New sailboats on average cost twice as much as used boats. Maintenance cost are 5-10% of the boat's value per year. Docking costs are roughly $800 - $2,500 per year. Sailboat prices have gone up 30% this year. ... Large boats are 50 foot and up. This is proper yacht territory, and they'll be a lot more luxurious, and also exponentially more ...
Yacht Maintenance Overview: How to Properly Care for Your Yacht
This type of service will likely cost in the $200-$250 range for yachts in the 40-50 foot size range, and more for larger yachts. ... YACHT MAINTENANCE COSTS The commonly-quoted rule of thumb in yachting is that owners should expect to pay 10% of the purchase price in annual operating costs. Yacht maintenance is certainly a part of this 10% ...
The real cost of owning a yacht
Owners can expect to spend about 10-15% of the purchase price annually on operating and maintaining a yacht. That's $1-1.5 million a year for a $10 million yacht. The bigger the boat, the more crew and salaries you need. There are also other crew costs, like medical and liability insurance, training, and uniforms.
The hidden costs of owning a superyacht
Well, there are obvious costs to consider such as fuel, dockage, boat insurance and maintenance. ... estimates that the cost of insuring a 50-meter (164 foot) yacht is around €60,000 ($73,000 ...
Average Yacht Prices: 18 Helpful Examples (Size 40'-130')
50 Foot Yacht Cost. 50-foot yachts are normally owner-operated, so you wouldn't need to pay for a crew. Now we are around the size of 2-bedroom yachts. ... The 2017 GT70 model runs around $4,500,000, but keep in mind the extra costs of maintenance, furnishing, and a cabin crew to help it run. ...
How Much Does It Cost to Maintain a Yacht?
For a 30-foot yacht, annual maintenance costs can range from $20,000 to $30,000, with storage fees averaging between $10 and $15 per foot in a typical marina. Yacht management fees can be a worthwhile investment for yacht owners, ranging from $10,000 to $50,000 per year. Yacht management companies help streamline the ownership experience, save ...
Sailo Boat Calculator
The boat cost of ownership calculator includes a boat loan calculator, estimates boat financing, boat insurance average cost, boat maintenance and docking costs. Home Explore boats Sign Up Log In Help Add Boat. Text (910) 447-2456. Call (910) 447-2456 ...
How Much Does a Yacht Cost? What Can You Afford?
That $100,000 entry-level yacht (a used one would be around 30-35 feet long) is going to incur monthly payments of nearly $1,000 after you make your $10,000 down payment. There's also another ...
A Complete Breakdown Of Boat Maintenance Costs Per Year
100-hour service. $250 - $500 per engine. Regular Washing and Cleaning. DIY - $50 - $300 per year. Hiring - $3 - $5 per foot. Other Maintenances. $50 - $200. Those are the average values, and for a small boat, it requires very little maintenance compared to a big boat, which is 2-3 times more than a normal-sized boat.
Cost of Buying & Owning a Small Yacht (Detailed Breakdown)
Used 30-foot motor yacht. $55,000 - $328,500. $12,000 - $28,000. 1. The average cost of owning a new 30-foot sailing yacht. On average, a small brand-new sailing yacht can cost anywhere from $50,000 to $200,000 or more. This price range typically includes basic features like a cabin, galley, and bathroom, as well as a mast, sails, and rigging.
The Cost of Owning a Boat: Budgeting and Financial Planning
Most people end up planning for the cost of owning a boat to run at between 15 and 25 percent of the boat's overall value. That's a wide range and plenty of boats will fall outside of it, with the general rule of thumb being that the larger and more complex any vessel is, the bigger a percentage it will require.
The Real Costs of Owning a Superyacht [Complete Guide]
A good guide for salary costs is published by Dockwalk magazine every year based on an extensive survey of the crew and placement agents. Using their most recent article as a guide, a crew of eight full-time crew on a 150-foot yacht will cost over $650,000 per year in salary alone. Get a complete crew cost breakdown.

Understanding the Maintenance Costs of Yacht Ownership

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How Much Does it (Really) Cost to Own a Yacht?

How much is a yacht?

What are the main hidden costs that come with yacht ownership?

Yacht exploitation and running costs : always calculate them carefully before buying your yacht

Yachts maintenance: a cost that you should definitely not overlook

The taxes and insurance premiums of a yacht: a cost that most forget

Yearly harbor fees : a very important hidden cost of yacht ownership

The depreciation’s price of a yacht

Summary of the main operating and maintenance costs of owning a yacht

How to reduce the cost of yacht ownership?

Renting your own yacht : a good way to reduce the costs of owning a boat

Fractional yacht ownership: share the cost of owning a yacht with co-owners

Yacht Charter remains a cheaper alternative than yacht ownership in many cases

What is the (true) cost of chartering the yacht you've seen? 💰⛵

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What is a Yacht Club? Benefits & Features Explained

What differentiates a yacht from a superyacht or a mega yacht?

Chartering Requirements and Regulations: A Guide for Boat Owners

What are the Fastest Cruising Catamaran on the Market?

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Yacht Maintenance Cost. The Real Costs of Owning a Superyacht

Yacht maintenance cost

Yacht f uel costs

Berthing and mooring costs

Owner-on-board costs

Super yachts crew salaries

Super yacht repairs

Super yachts taxes and insurances

Communication Costs

Super yachts tenders and toys

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How Much Does a Yacht Cost: A Comprehensive Breakdown for Buyers

Key Takeaways

Types and Sizes of Yachts

Sailing Yacht Vs. Motor Yacht

Small Yachts to Superyachts

Cost Factors for New and Used Yachts

Age and Condition

Size and Style

Brand and Model

Location and Availability

Initial Purchase Price

Buying New Vs. Pre-Owned

The Buying Process

Costs to Consider

Operational and Maintenance Costs

Crew Expenses

Fuel and Propulsion

Repairs and Upkeep

Dockage and Storage

Additional Ownership Costs

Taxes and Registration

Depreciation

Extra Amenities and Upgrades

Real Cost of Yacht Ownership

Rule of Thumb for Annual Costs

Investment Considerations

Life on Board

Amenities and Comfort

Entertaining and Lifestyle

Frequently Asked Questions

What is the price range for a small yacht?

What are typical rental costs for yachts of various sizes?

What is the purchasing price for a luxury yacht?

What is the cost associated with owning a 50-foot yacht?

What are the expenses involved in buying a 100-foot yacht?