More and more people like yachts and sailing, and for varying reasons. Some say it’s the ability to experience and explore the beauty of the oceans, some others do dream about sailing even when they are kids. Sailing on your yachts can be a very relaxing thing to do: The adventure, the competitiveness, the thrill. Truly, sailing is a very fun activity to do, that is why people really dream about owning a yacht.
Yachts Are Expensive
Boat rentals or yacht charter may seem expensive. But did you know that owning a yacht can be more expensive in the long run? First and foremost, yachts are not at all affordable. In fact, you will need to spend around thirty thousand Singaporean dollars to get your hands on a basic one. Prices of yachts could go up to a hundred thousand, even as high as eight hundred thousand dollars with all the bells and whistles.
Its Value Goes Down in Time
As years pass by and as you use it, the value of yachts can go down. With depreciation and as new boats are being launched, it is natural for the prices of yachts to go down. Every day, every hour, every minute, and every second, you lose money when you own a yacht. That is why it is not really that wise to invest on yachts.
You May Not Use It Often
According to studies, an average yacht owner only use it about only 8 percent of the year. This simply means that your yacht sits on the dock for months. During those times, your yacht is a non-performing asset. More than that, you will need to pay for storage, maintenance, and insurance policies, which simply means you are not earning money for your yacht, you are actually losing a lot of money.
Why Does Yacht Charter Makes Sense in Singapore?
Though it may seem expensive upfront, renting a yacht makes more sense than owning one. When renting, you can use a yacht for your travel or any event needs without thinking about the high cost of owning one. You will also don’t need to worry about dock rentals, maintenance costs, and other expenses that comes with yacht ownership.
Sailing is such a fun activity to do. Holding events in these beauties can be such a thrill too. On the other hand, you also have to be practical to ensure that you do not end up spending more money than you should. With many alternatives, you should always keep your options open to make sure you are making the most out of your every cent.