Equal measures shot with excitement and an exhausting process; buying a yacht is not a decision that you make lightly. It’s good practice to be navigating stormy waters when it comes to buying a yacht for charter.
Part of this, is following the compass that tells you to ask lots of questions. In order to avoid common mistakes when buying a yacht for charter.
The golden rule is always research, research, research and here, you have come to the right place.
The more information you can collect and source, the better your chances will be of making a sound investment that won’t turn into a costly comedy of errors. Knowing how to avoid common mistakes of any significant purchase decision will help you stay true to form.
So, how do you avoid making these common mistakes when buying a yacht for charter?
1. Don’t Be Swayed Into Changing Directions
The odds are that before you get into the deep consideration stage of your yacht investment journey. You have some kind of idea as to what you want your life on the water to look like.
You have a vision as to what type of boat you will be anchoring. Also how much time you can give to chartering yourself, and what level of a financial investment you are working with.
It’s essential to stay true to your vision of yachting and not to get swayed into changing direction once you get into that salesroom.
Having a clear idea of your own goals, is an essential part of the process. Of course, these goals may need to be tweaked once you have worked with someone in the industry who understands how realistic your vision is.
However, this doesn’t even need to mean that you get completely off track from your original plan.
For us, your vision is important. Read: Why choose us!
2. Don’t Ignore the Independent Companies
While many feel protected by the power behind big brands. It can in fact serve as a false economy for those wanting an agreement more tailored to their specific needs.
Flexibility and personal service are two of the most significant driving factors for delivering exceptional buying and chartering experience.
International operating companies can be more sales-driven. As they have a constant flux of clients, they don’t need to put as much personal emphasis on the experience.
Smaller companies in the yacht charter sphere are worth considering alongside the main stage names. As they are often able to fine-tune the details and make the experience more intimate and enjoyable.
3. Always Avoid a Single Point of Sales Contact
Picking one pathway to go down early on will limit your options when it comes to buying a yacht for charter.
If you choose to work with just one singular point of sales contact. You may get swept along with targeted and potentially biased advice.
A singular sales contact with a single point of representation may limit your options. Meaning that your scope is honed down to what they are interested in selling you.
It’s always a good idea to work with several different sales contacts early on to ensure that you have access to all available options.
4. Don’t Give in to Time Pressure
Time-limited deals aren’t always a good thing when it comes to buying a yacht for charter. One of the common pitfalls of any purchase decision is making a rush job on the deal and giving in to sales pressure.
Buying a yacht is a lengthy process on the purchaser’s side (and it should be). As there are a lot of considerations to make.
It’s easy to get swayed with the impatient passion of just wanting to be out on the water as soon as possible. However, patience is crucial at this stage.
There’s no doubt, brokers and sellers will be super keen for you to sign on the dotted line. Giving in to time pressure or wanting to be sailing by the season around the corner could just mean running the risk of making an irrational decision.
Interested in reading about what you should consider before buying a yacht in charter? Read it here: What to consider when buying a yacht for charter
1) Always stay true to your vision,
however you might have to make a few tweaks along the way.
2) Smaller companies are worth considering.
They often give better service and are more likely to make your experience more enjoyable, than the bigger International operating companies.
3) Don’t just work with one single sales contact, as it may limit your options.
Working with several ones ensures you’re aware of all different options.
4) Be patient!
If you give in to time pressure, you might end up making irrational decisions.
Now that you’re aware of some of the most common mistakes people make when buying a yacht for charter, you might be wondering about what type of yacht will suit you the best? What differs them? And which ones can you use for charter?
Link to our comparisons below!
Our Goal – To Help You Become A Better Decision Maker
The best yacht charter or boat program is the one tailored to your needs. Charter companies offer different ownership options to choose from, but they are often highly standardised.
You should be able to choose the yacht you like in your favourite destination. It’s also important to have a charter operator you can trust and that won’t turn their back on you as soon as the deal is done.
Choose a program that fits your goals and wishes – which is the best yacht charter ownership solution!
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