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Charter Or Buy? Points Of Consideration When Looking At Yachts

By Emilie Barland | Posted On Feb 07, 2017
Updated On Feb 25, 2019

We all have dreams, and many of them revolve around luxury travel. Sailing the oceans, or relaxing aboard a yacht in tropical waters, are not just memories, but a dream that can easily come true with the right budget.

As you enter the yachting lifestyle, though, you have a number of things to consider. Chief among them: do you want to buy your own boat, or charter the boat of your dreams on an as-needed basis? The answer to that question depends entirely on how you plan on traveling, and what your expectations are. When you are looking at both yachts for sale and chartering options, here are some crucial points of considerations for you.

Consider Your Expectations

What, exactly, are you planning to use the yacht for? If you are looking at singular, unique experiences in different parts of the world, chartering is probably a better choice. For each vacation, you will be able to pick and choose your destination and check off your bucket list. If, however, you look to move to a more yacht-based lifestyle that might even include living on your yacht, owning will give you what you’re looking for.

Consider Your Budget

The price of the journey, of course, plays into the equation as well. Both owning and chartering can accommodate a wide range of budgets, but what you get for that money can range widely. For instance, a month at sea at one of our luxury yachts, fully staffed with a crew, costs about the same as our low-range yachts for sale.

Consider Your Maintenance

Chartering a yacht is, in essence, another version of an all-inclusive exotic vacation. For the price you pay, everything is taken care of, and you won’t have to worry about food, gasoline, crew costs, or maintenance. Compare that with owning a yacht, which will have to be maintained. If you purchase a luxury yacht, crew costs matter, as do yearly checkups and repairs that come with swimming in the world’s oceans around the globe.

Consider Your Flexibility

Both yachts for sale and yachts for charter offer their own version of flexibility. Which of them you prefer should play a role in making your decision. When chartering, that flexibility is obvious: you get to choose exactly where you want to go, each time you go, with a new yacht. But don’t underestimate the flexibility of owning, as well: with your own yacht, you will be able to experience the beauty and freedom of the sea at a moment’s notice, without any kind of booking or organizational process.

Consider Your Freedom

Speaking of which: while some of the points above at least seem to favor chartering over owning a yacht, it’s important to understand the intangible benefits of buying. Yachting, at its core, is more than just a fun way to vacation. It’s a lifestyle, allowing you to experience the freedom of the sea to its fullest degree. For all of its benefits, chartering may not be able to offer this freedom, at least to the same degree as considering yachts for sale does.

Ultimately, neither of the two choices is objectively better than the other. Chartering and buying a yacht both come with their own advantages, and both lead to fulfilling a dream of luxury travel on the world’s sees.

Your best option, then, comes down to the points of consideration outlined above. And when you’re ready, it pays to work with a company that has extensive experience on both sides, allowing you to make an informed decision without pushing you one way or the other. When you’re at that point, we’d love to work with you – so contact us today.

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