Are boats a good investment?

A yacht can deliver years of cruising, but its purchase price alone is a poor guide to the financial result when you sell. Start with a realistic ownership period and the waters where you will keep it.

What ownership actually costs

List purchase and survey costs, transport, berth, insurance, scheduled servicing and known refits. Put a separate figure against work that is hard to defer, such as worn standing rigging or unreliable steering. Ask yards for written estimates rather than assuming a percentage of the purchase price.

How much do boats depreciate?

There is no dependable annual percentage for every boat. Compare the same generation, condition, layout and VAT position in the same market. An advertised price is evidence of what a seller asks; a completed transaction is evidence of what a buyer paid.

Work out your exit price

Try a conservative, middle and optimistic resale figure, subtract selling costs from each, then compare the scenarios with the cost of keeping the boat. Owners preparing to sell can request a price review for your boat.

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