Can I Afford a Yacht or a Catamaran?

A yacht is a water vessel designed for luxury sailing. As early as the 17th century, these leisure boats were used to transport diplomats and wealthy members of society across large bodies of water. The trend slowed dramatically during the Great Depression, but yachts resurfaced following this period as pleasure motorboats exclusive to the rich.

Prices of Yachts

Yachts can range anywhere from $500,000 to $10,000,000 to purchase. The final price is determined by the size, age, brand, and level of luxury. While the average Joe may never be able to afford such extreme pleasure, rentals are an option. The cost of maintenance is about 10% of the price and many owners are opting to lease their yachts to others.

Is a Catamaran a Type of Yacht

The design of a catamaran is different from that of a yacht. While a yacht has a full hull that supports the boat, a catamaran is made up of 2 hulls that sit higher on the water’s surface. This distinction gives catamaran’s the ability to maneuver in shallow water, whereas a yacht is designed for deeper waters. Depending on your sailing pleasure, a yacht is more nimble in riding the wind This delivers an exhilarating experience with the wind and speed. A catamaran is more well-balanced and stable for walking around.

Prices of Catamarans

A new catamaran can cost anywhere from $200,000 to $1,000,000. The size and features determine the price. They are designed for comfort and leisure for enjoying the scenery and laid-back atmosphere of the open water. Family vacations are often planned on a catamaran as the adventure is smoother and safer for children.

Leasing Options

Leasing a yacht or catamaran is a more common way to experience the enjoyment of the ocean or river. Booking a week-long holiday on a yacht or catamaran can be the thrill of a lifetime, without the maintenance upkeep or hiring a crew. Renting a yacht or catamaran gives you the opportunity to kick back and enjoy a luxurious time on the water without worrying about navigation, meals, or maneuvering a vessel. The cost of a luxury catamaran rental will run from $2,500 to $35,000 per week depending on the size, crew and amenities required. Different seasons can raise or lower the cost of leasing a yacht or catamaran. Select the off-season for tourists to capture the most inexpensive price.

If owning a catamaran has always been your dream, it is possible by looking at options. Used catamarans without the luxuries can lower the price to meet your budget. Take it on a spin to examine the performance and comfort levels. Different weather conditions may make up your mind quickly with your ability to handle the vessel. If your consideration is renting out your catamaran, think of your competition and how you will charge and present your package.

Yachts and catamarans are a great sport for adventure seekers or going on a once-in-a-lifetime vacation. Measure the pros and cons of buying vs leasing this expensive piece of equipment so you can make the right choice.