| Yachting is becoming an increasingly popular past time. | | | | "goodwill" deposit. |
| Sailing in a yacht is a wonderful experience as you | | | | 3 - When looking for a loan and marine insurance a |
| appreciate the majesty of the open sea amid | | | | good broker should be able to arrange the purchase |
| (hopefully) beautiful sunshine. Some people choose to | | | | of the craft and insurance for you To receive a loan |
| experience this amazing lobby by hiring or chartering a | | | | for the purchase of a yacht you will need to pay an |
| yacht. For those having done that and caught the | | | | initial deposit of between 10 and 20 per cent of the |
| yachting bug, they may well decide to go ahead and | | | | price. |
| actually purchase a yacht of their own. | | | | 4 - Insist on a sea trial and survey. You want to be |
| Like all major purchases, this is an important decision to | | | | sure that the craft you are buying is seaworthy. So a |
| take. So here are seven tips on buying a yacht: | | | | sea trial, followed by a complete survey of the craft is |
| 1 - Decide the kind of yacht you intend to buy. This will | | | | essential. |
| depend on the size of boat and what you intend to do | | | | 5 - Make sure that any promises made by your broker |
| with it. Do you want to use it for cruising, or activities | | | | or the seller is put in writing. This will protect your |
| such as sea fishing? Do you intend to entertain on | | | | interests as the sale goes through. |
| board? If so you may need a larger yacht. Where do | | | | 6 - Take the trouble to find out any hidden costs. |
| you intend to berth your yacht and do you intend to | | | | These can include VAT, cost of storage, maintenance, |
| have spells living on board? And another very | | | | insurance and slip rental. |
| important question to ask yourself when planning to | | | | 7 - Ensure that your broker passes on the funds to |
| purchase a yacht is, do you have the experience to | | | | the seller as quickly a possible once the sale is |
| handle the craft? | | | | completed, as well as the transfer of titles and |
| 2 - Find a reputable seller or broker from whom to buy | | | | registrations. |
| your yacht. A reputable brokerage will be able to | | | | By following these useful tips the purchase should go |
| identify the type of craft you should purchase. After | | | | through with the minimum of hitches as you become |
| making your decision you will will be given an "offer to | | | | the proud owner of your own yacht. |
| purchase", which usually requires a 10 per cent | | | | |