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Few tips for buying a new yacht
Buying a new yacht is a big decision. Whether if you are hoping buying a new or second hand, power or sail, the initial outlay and ongoing costs will no doubt make it one of your biggest and most important investment decisions ever. The process should be an exciting and fulfilling experience and the satisfaction and pride of owning your own vessel can be truly amazing feeling. Owning a boat will offer unparalleled opportunities for new adventures for all the family across the great seas.
FEW TIPS FOR BUYING A NEW OR SECONDHAND BOAT OR YACHT:
1) The type of boat
The first thing to decide is what type of boat you would like to buy for yourself. Our advice is to consider what you want to achieve with your vessel and how you think you will use it. Will you be purchasing this to race or cruise? Will you day sail or stay on board for many days across the seas? Will you be using it on rivers and lakes or will you do long ocean passages as well? Once you have decided exactly what you want your boat to do for you in the run, you can start to shop around Dubai to see which types will achieve your demands best.
2) What is your budget
Once you have decided the type of boat you want you must decide the budget you wish to allocate for it. A boat is not just the initial purchase price. Consider storage, maintenance and running costs. Research this well as you do not want to be in a situation where your boat is sucking your wallet dry!
3) Where to find the ideal boat
Once you have established exactly what you want and how much you are willing to spend on it, it is time to find the ideal boat. Of course the internet is the obvious first choice for many of us. Yachting magazines, newspapers and yacht club notice boards are also useful source.
4) Look at and try out the boat
It may sound silly, but you would be surprised at how many people buy boats without viewing them first. We highly recommended that you not only view the boat but you try it out too. If possible it will be great if you could go try it and before purchasing the boat . It is a big decision and any understanding owner or broker will be delighted to take you out for a test sail. You will also gauge how well the boat has been cared for by meeting the previous owner. Once you had decide you can ship this boat through Aeon Shipping LLC to any destination you need.
5) Assess the condition of the boat
Buying a boat can be a bit like buying a house, and some insurance companies will not insure a vessel without fully understanding the condition of the boat they are insuring. We highly recommend that a professional survey is conducted. This will help with insurance and will also point out potential maintenance issues. A good surveyor should also make recommendations for additional safety equipment if required. A survey can also be very useful when negotiating on price.
6) Check the documentation and VAT status
Before committing to buy, or indeed spending any money on a survey, we recommend that you check all of the appropriate title documents and proof of ownership. If these are unavailable at a later stage it can not only hold up completion of the sale but in some cases will cause the sale not to complete. A reputable yacht broker will always provide advice and guidance on what documentation is required for any particular vessel.
Check the VAT status of the vessel. If the boat was built after 1985 then the best way to show this is to have the original VAT paid invoice. If you are uncertain then speak to a professional broker who will be able to give you advice on the documentation required. We recommend that if you cannot confirm the VAT status of the vessel then you should look elsewhere – you will risk major issues and complications if you ever try to sell it in the future.
7) Completion
This will occur once the survey has been concluded and any negotiations due to defects dealt with and agreed. Completion involves the final transfer of the outstanding balance and the simultaneous handover of the ‘title documents’ of the boat. You should receive the Bills of Sale going back at least 5 years, Certificate of Registry (if registered), proof of VAT status and proof of RCD compliance if required. A professional broker will normally talk you through all of the documentation they have available and will send these to you once completion has taken place. We highly recommend that these documents are kept in a safe place as they cannot be easily replaced.
8) Dispatching the boat
Once your completed the purchasing purchase you can then ship the boat through Aeon Shippping LLC,they can help you throughout with the whole documentation process and ship your boat safely to your final destination.
