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Buying Your First Yacht
by Glyn Wilsons
http://www.staryacht.com
Not many of us can afford to own a luxurious yacht. Most of
us see it as a symbol that someone has made it big
financially. If you are someone who expects to make millions
of dollars, you've probably been planning on buying a yacht.
Most yachts are extremely expensive. If you are looking for
a brand new yacht you can expect to pay thousands of
dollars, if not millions. A luxury yacht can cost more than
what most people make in a lifetime. Owning a yacht, such as
the types that many famous celebrities and socialites own,
is probably far out of our reach.
However, you can purchase a beautiful yacht for a somewhat
reasonable price if you don't need to have the hot tub,
sauna, and bar on board. One of the best options is to go in
on the cost of a yacht with some of your friends, family, or
colleagues. If you each share a portion of the yacht's cost
then it actually becomes quite a feasible venture.
Be sure to establish how it will work when two people want
to use the yacht at the same time if you intend on sharing
the cost of a yacht with several other people. You may want
to establish at the beginning of each year, or even years in
advance, what days, weeks, or months each person can use the
yacht. Planning vacations around this schedule will be
possible by all.
It probably sounds fine in the beginning to just make verbal
agreements since you're all friends. When it comes to money
though disputes can arise abruptly. It would be far better
to draw up a legally binding contract that will state how
much each party is paying, how the scheduling will be done,
and any other legal issues that might come up. Once everyone
has signed, settling disputes will be much easier.
If purchasing a yacht is out of the question, consider a
sailboat instead. Sailboats are often less expensive and you
can head out on sea excursions since most have modest
sleeping quarters and kitchen units. Fancier sailboats can
be quite expensive so you may want to split the cost with
friends or family.
Alternatively, you can always rent a yacht for a few days.
You can rent yachts for anywhere from $300 to $1000 a day,
although sometimes it can cost even more. Renting a yacht
is a great idea for events such as a birthday party,
anniversaries, big company events, and even weddings. What a
great way to turn an average party into an elegant, grand
affair.
If you are looking for companies in your area that rent out
yachts one of the best ideas is to head to the local marina.
There should be signs informing you of what yachts are for
rent and you should be able to find out some useful
information from other boat owners or anyone working at the
marina.
It would be wonderful to own a yacht, so if it's feasible
for you, you should definitely buy one. You will love it and
have many exciting voyages over the years.
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