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Buying a Boat Out of Charter By David Kory


f you’ve been shopping for a new boat, you know how crazy expensive they can be. So you start looking at used boats, and after checking out your local broker, you peruse the listings on Yachtworld. And that’s when you dis-

cover a bunch of nice, newer yachts, with surprisingly good prices. Prices 25 percent to 40 percent less than similar boats. Clicking on a few of them, you realize they are all yachts coming out of charter service with the Moorings and Sunsail, both part of the largest charter company in the world, and with first-class reputations. So what’s the deal? The Good, the Bad and the Ugly Like most things, buying a yacht out of charter is not for everyone. There is the good, the bad and the ugly. For some people, it is the perfect boat at a great price. For others, maybe not. First the Good. You can get a great boat, well-designed, quality construction by a world-class company—usually Beneteau or Jeanneau. It will be fully equipped and ready to go, including everything from pots and pans and dishes, to sheets and towels and pillows, to cockpit cushions, a barbecue grill, dodger and bimini, and even snorkeling gear. Another plus is that the boat systems are designed for charter, which means simple to maintain, and often redundant, like having a spare water pump already installed, ready to use with the flip of a switch and the turn of a valve. And all that at a below-market price. If you are thinking of cruising, you can probably buy your boat already in the Caribbean, Mediterranean or other exotic location. If you want to bring it home, the greatest number and variety of boats are in the British Virgin Islands, and from there it’s a quick 1,000-nautical-mile-broad-reach to Florida in the warm trades. If you’re not up to it, most delivery skippers would be happy to do it, as it’s an easy run of just five to seven days. Now the Bad. The boat may have been used and abused, rode hard and put away wet. This means it may have more than usual wear and tear, and potentially some deferred maintenance that will need to be handled before making that 1,000-mile run. And the Ugly? Repairs and maintenance may have

News & Views for Southern Sailors


November 2014


Southwinds November 2014  
Southwinds November 2014