To buy your own sailing yacht or to charter? That is the question.
Unless you are lucky enough to be regularly invited along to crew on a friend’s yacht, you have two choices for your sailing holidays: to charter a yacht or to buy your own.
Below, Dirk Agter, co-founder and CEO of Yacht-Match, reviews these choices and introduces a way to turn boat ownership into an investment.
Many sailing enthusiasts choose chartering over ownership. A charter client has the freedom to choose any yacht type and destination. Each sailing holiday can be on a different yacht, offering a great way to experience a variety of boat sizes and styles.
In addition, the charter client pays a fixed charter fee. This includes use of the yacht for the agreed period as well as support during the charter if needed. The charterer has no worries about unexpected maintenance costs, annual berthing fees or insurance.
For those who sail just a few times a year and don’t mind sailing in someone else’s boat this is a perfect option.
Buying Pre-owned vs a New Yacht
There are thousands of sailing yachts for sale around the world. You can easily find them by visiting marinas, brokers or by simply searching on line.
Buying a pre-owned sailing yacht has an obvious financial advantage, although older second-hand sailing yachts may have experienced a period of neglect before being put up for sale, often resulting in relatively high upfront maintenance or upgrade costs.
New sailing yachts have the advantage of a warranty, reduced maintenance costs and the option to choose your own specifications. Although naturally this comes at a higher initial price, and depending on the yacht you choose, there may be a frustratingly long wait for production, commissioning and delivery.
Turning Your Yacht into an Investment
Owning a yacht is attractive to many people; especially those who intend to live onboard or sail so regularly that they want to be able to leave everything on board.
For many others, despite a desire to sail regularly, the reality is that they may only sail a handful of times throughout the year. This makes it hard to justify the cost of owning a yacht.
However, if you fall into this latter group and are prepared to share your yacht with other people, then there are ways to turn your yacht into an investment.
Charter investment programmes aim to generate enough income from charters on your yacht to cover your running costs and even provide a positive return to offset depreciation. With a charter investment programme, you may have limited access to your yacht within the first few years, or peak sailing season in order to maximise the returns.
A reliable and reputable charter management company, such as Hamble Point Yacht Charters, will also aim to generate charter income from your yacht, but the emphasis is on ensuring your yacht is well maintained and available for you to use, rather than just focussing on financial returns.
The charter company looks after your yacht for you; this includes overseeing and managing the annual maintenance, any repairs or replacements required, cleaning, berthing, insurance and coding (ensuring the boat meets the safety requirements for chartering) as well as promoting your yacht to an audience of charterers.
All potential charterers are vetted to ensure they have the relevant sailing qualifications or experience to be able to safely sail the yacht and return her undamaged.
As the owner, you are able to pre-book your own yacht for your own sailing use, although the more weeks you take, the fewer weeks are available for generating a charter income.
Maximising Charter Appeal
Finally, some layouts of yacht are more popular than others for chartering. So, before purchasing a yacht that you plan to charter out , it is wise to consult with an experienced charter management company who can offer advice on the optimum configuration of your yacht to generate the greatest return on your investment.
Would you like to know more?
Hamble Point Yacht Charters has partnered with Yacht-Match, who offer unbiased information about (inter)national charter investment and management opportunities for privately owned sailing yachts. If you are considering buying a yacht, Dirk and his colleagues can match you with the best yacht charter investment or yacht management solution.
Yacht-Match offer a completely free-of-charge initial consultation to all Hamble Point Yacht Charter clients, so you can find out more about the options that might work for you at no cost. Simply contact Hamble Point Yacht Charters and ask for your free consultation with Yacht-Match.
**Southampton Boat Show 2018**
Dirk will be available on the Hamble Point Yacht Charters stand J089 at the Southampton Boat Show at 4pm between Wednesday 19th – Saturday 22nd August to introduce the Yacht-Match concept and answer any questions you may have.
m: +31(0) 6 4644 0794
First time using Hamble Point Yacht Charter and will definitely be back. Location, range of boats and value for money all excellent. The team was very friendly and efficient, and the boat we chartered (Blue) was in good condition and well equipped.
Chartered 37 Hallberg Rassy for a weekend mid Jan. Booking process and communication prior to booking was friendly and informative. The yacht was immaculate and had everything we needed for the weekend. Simple check out process, lots of information provided in the personal review of the yacht. Returning the yacht was just as simple and the security deposit was refunded within 3 days. Highly recommended, we will be returning customers.
We comprised a group of 5 friends; Chartering Kasara, a well appointed Halberg Rassy 36, for a long weekend, taking part in the Round Table Area 45 Presidents Rally. The boat was clean and ready for our arrival, and we were away in good time, she sailed well and when we returned on the Sunday evening the hand back was quick and easy. We all agreed we had had a great time, and would charter again in the future
Hi, I've chartered bareboats from Hamble Point Yacht Charters on a number of occasions - mostly weekends, working my way through their fleet of yachts. Really friendly people, swift to respond. Boats are always in good condition, ready to sail. Their location makes it easy to get to the Solent swiftly. Highly recommended
Just a quick one to say thanks for all your help over last couple of years which has been leading up to me getting my Yachtmaster Offshore award. First rate service both on the sailing school and chartering side.
Looking forward to taking more boats out and going on other sailing ventures with you guys next year!
Finally, just to say that the examiner was outstanding as an Examiner. Really friendly chap and really wanted me to pass. Would also help in giving tuition about alternative ways of doing things after I had completed a manoeuvre.
August 2019. We had an excellent sailing trip around the Solent, staying at a different mooring each day, sometimes in marinas, sometimes on mooring buoys. Hamble Point Yacht Charters was a perfect choice for us. Their location at the mouth of the Hamble river is absolutely ideal, giving immediate access to the central part of the Solent. The company is super efficient and very friendly, and they provided an outstanding service. The boat was in good condition, clean and eveything working. We have chartered with them a couple of times now and we will be back!
Just returned from a 1 week bareboat charter of Aeolus. The service through researching the options in October, where I popped in whilst in the area to view available boats, through the booking process and the charter itself was great. This particular boat may not be the newest on the water but is maintained to a high standard and allowed us a wonderful week crossing the channel to Fecamp and Honfleur before returning for a couple of days in the Solent. Nothing was too much trouble for HPYC and as a regular charterer around the UK and Europe the efficiency and quality of service delivered is appreciated, especially confirmation of the return of the security deposit emailed to me before I got home.
We sailed overnight to Alderney onboard Abraxas, which is a First 40.7. Initially in strong winds we made excellent progress and for the last couple of hours motored in no wind. This boat is good for passage making if you have an experienced crew happy to handle the large main sail.
Friendly welcome. All staff helpful. Relaxed atmosphere. Instructors gave clear explanations of safety equipment and how to perform tasks expected of crew. Very tolerant of mistakes made. Encouraged us to be more independent as the week went by to help build our confidence. Berthed in a number of different marinas each presenting different issues to consider when berthing. The whole experience was most enjoyable and I feel able to crew for other skippers. Excellent value.
The boat and equipment was in good order. We learnt a huge amount in a friendly and fun environment. I wouldn't hesitate to use HPYC for training or charters in the future.
We had a great charter of the yacht Appaloosa from HPYC. The boat was very clean when we boarded her, and was ready for us to board at the agreed time. The staff were very helpful and helped us straight away with any queries.....and my security deposit return was confirmed very quickly. I will definitely consider chartering from HPYC again!
When asked what they thought of HPYC and the day we provided for them: "Excellent"! Everything, as always, was excellent!
5 day solent area charter. HPYC were welcoming, professional, flexible and cheerful. We feel you may book here with confidence then relax and trust that all will be as you would wish.