SailNet Community - Reply to Topic
Thread: Buying a yacht Reply to Thread
Send Trackbacks to (Separate multiple URLs with spaces) :
Post Icons
You may choose an icon for your message from the following list:

Register Now

In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.

User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:


Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.

  Additional Options
Miscellaneous Options

Click here to view the posting rules you are bound to when clicking the
'Submit Reply' button below

  Topic Review (Newest First)
07-16-2012 08:03 PM
Re: Buying a yacht

Originally Posted by rgscpat View Post
Might this get a better response in a different forum category?

07-15-2012 09:22 AM
Re: Buying a yacht

I've never done it, but last I saw the pitch, it included tax savings from taking depreciation deductions on the boat. That is a real rat hole. After several years, your tax basis in your boat approaches zero. If you change your mind and want to sell her, you then have a huge gain on sale, which you will owe that tax on. Gotcha......

Of course, the charter sales folks have you covered. They will offer you a trade into another often larger boat, which doesn't trigger the gain. And away you go.

As they say, you can check in, but you can never leave.
07-15-2012 02:34 AM
Re: Buying a yacht

Might this get a better response in a different forum category?
07-15-2012 12:18 AM
Re: Buying a yacht

That's not a yacht, it's a boat.......don't do it.
07-14-2012 08:12 PM
Re: Buying a yacht

"charter it covering all my costs".....third biggest lie in the world.

depending on your cash flow, tax situation and a host of other things, the charter MAY cover 40-60% of the boats bad charter or a bad trip for you to Tortola can jinx the whole years profits...

There is no free lunch, Sunsail or any one else.

We chartered our 36CC for two years and pulled out early as the damage to the boat and the expenses to me, to replace "lost" lines that "our best customers" misplaced...$250-300 per set, almost every charter was too much.

Slippage is way more per month, because the charterers have to be two steps to the boat.
Maintenance is MUCH higher, as the boat is used 7-10 years every year (kind of like dog years)
Insurance is VERY high, because you are now a partner in its possible risk
Damage (they call it wear and tear) is many times simply not repairable...think spilled vodka and vomit on your floors and walls left for a long weekend and a few days for the company to discover and clean.

PM or email me if you want more...
07-14-2012 08:27 AM
Buying a yacht

I am thinking about buying a Jeanneau 41 through Sunsail in Tortola with their 5 year plan where they will charter it covering all my costs. I would like to know if there is somebody who had that experience.


Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

For the best viewing experience please update your browser to Google Chrome