Many sailing and luxury enthusiasts dream of Buying a yacht, but how much does a prestige boat cost? Several factors are taken into account in how much a yacht costs, such as size, materials used, interior and exterior fittings, as well as technology equipment on board. On this page, we give you an overview of the various elements that make the price of a luxury yacht vary, to help you better understand this market and make an informed choice.
The different yacht categories and their prices
There are several categories of yachts, depending on their size and characteristics.
Small yachts (less than 24 metres)
These boats are generally those taken out to go sailing for the day or a weekend. Their price starts at around 500,000 euros for the most basic models, and can reach several million euros for those with more luxury and features.
Medium-sized yachts (between 24 and 40 metres)
Also known as super yachts, on these vessels you can sail longer distances and stay on board for several days or even weeks. Prices start at around 2 million euros and can rise to 20 million euros for the most luxurious models.
Large yachts (over 40 metres)
These true floating palaces offer every imaginable comfort and are designed for long-distance travel. Their price ranges from 10 to 200 million euros, or more for bespoke constructions.
The elements that influence the price of a yacht
The cost of a luxury yacht depends on many factors.
The size of the boat
The bigger a yacht, the more expensive it will be to build and fit out. This is because a large boat requires stronger and more expensive materials, as well as more complex navigation and propulsion systems.
The materials used
A fibreglass boat will typically be cheaper than an aluminium yacht, but the latter offers better resistance to corrosion and longer service life. Interior finishes and exterior fittings also play a role in the final price: marble, precious wood and other refined materials will add to the price.
On-board equipment and technologies
When it comes to technology, the possibilities are almost endless: advanced navigation and communication systems, energy-saving solutions, on-board entertainment equipment (cinema, jacuzzi, and so on), the more a yacht is equipped, the higher its price.
The manufacturer brand and design
Some brands are known for their expertise and the prestige they convey on their yachts. Boats designed by famous designers or built by renowned boat builders will usually be more expensive due to the quality of their design and how original it is.
VAT and other applicable taxes
When purchasing a yacht, the taxes that are applied, including VAT, must be taken into account. In France, this is set at 20% for motor boats, but may vary from country to country. Your yacht may also be subject to other local or international taxes, such as customs duties or registration taxes. Please check with the relevant authorities for the exact terms.
The cost of maintaining a luxury yacht
In addition to price to buy a luxury yacht, it also generates a substantial amount of maintenance costs.
Freight and mooring costs
A place to moor a boat in a marina can cost a few thousand to tens of thousands of euros per year, depending on the size of the boat and where the port is.
Insurance costs
Insurance is essential to cover any damage caused to your yacht or third parties. How much it costs will depend on the boat’s value, its use (private or rental sailing) and the coverage taken out.
Maintenance and repair costs
A yacht also needs regular maintenance to maintain its value and ensure its safety: cleaning, checking equipment, replacing worn parts, etc. These operations can amount to several hundred thousand euros per year, not to mention any unforeseen repairs.
Buying a yacht: the price according to equipment
Owning a yacht is a dream for many, but while some can afford it, it’s important to understand that its price can vary considerably depending on several factors. The size of the yacht is perhaps one of the most decisive factors, as it can range from 24 to 40 metres (super yacht), 40 to 60 metres (mega yacht) or over 60 metres (giga yacht). The equipment and fittings on board can also influence the price, whether the engine, navigation and communication systems or leisure facilities.
In addition, the VAT and taxes applicable in the country where it was bought, as well as its maintenance and operating costs, must also be taken into account. In fact, before starting to buy a yacht, it is important to see what budget you have and factor in all the elements that impact its price in order to make an informed choice.
The boat builder’s reputation and its price for buying a yacht
Buying a yacht is a major investment that requires careful preparation. The boat builder’s reputation and the quality of the materials used are among the elements to take into account when preparing to buy a yacht. Renowned boat builders offer quality boats and teams of professionals who are able to meet specific requirements. It should be noted that rental is an interesting alternative for those who do not wish to buy a yacht.
In any case, the boat builders’ catalogues are useful to get an idea of available models. Therefore, to manage to buy a yacht you need to surround yourself with competent professionals and rely on their expertise.
Buying a yacht: the annual operating cost
Buying a yacht is a great option for those who want to have fun on the water, but it’s important to consider the annual cost to operate it. In addition to the purchase price, this budget includes the costs of maintenance, preventive maintenance and repairs and renovations, as well as the costs related to the crew (salary and benefits, costs of living on board), mooring (rate per linear metre and rental per year or month), insurance and administrative costs.
It is therefore vital to properly plan for all these costs, as well ensure you have the funds to fully enjoy your yacht. Plan for sufficient financial leeway to deal with unforeseen events.
The costs to be expected before buying a yacht
Additional costs must be considered when buying a yacht before embarking on this investment. In addition to the purchase price, it is important to include any financing costs and taxes, for example, associated with owning such a vessel. Mooring fees and expenses related to routine upkeep, repairs and maintaining the yacht must also be taken into account. In addition, insurance and regular inspections are required, not to mention fuel and provisions for sailing. It is therefore better to research all the elements involved and plan a realistic budget.
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