There is a third option which I was fortunate enough to find. I found a half built yacht that the person who commissioned had pulled out of. The structure was built, but no interiors, and I was able to alter the interior layout. What this meant was the build time was cut in half, I get a new yacht exactly how I want it, and yet it’s cost me way less than a new build would be. This means that the value of the yacht is way more than what I paid for it, and it will probably take 4-5 years before I see any depreciation on what I spent. Deals like this are not easy to find, but they are out there if you look for them. It’s the best of both worlds.
Never finish a negative statement about money, your deeper mind takes you literally. Better to say 'that luxury super yacht is for sale, it is a divine idea and I accept it in mind and it comes to me in divine order.'
TreVox Law of attraction (look it up) You ALWAYS get what you think about. ...for example a lottery player paying for a ticket. The dominant thing on there mind is lack of money. Universe always provides you just need to ask in the right way
Hi David, having searched the web for a while I ended up on your channel. There is indeed a huge variation in quality and many pit holes to dump into when looking for fair and square info about yachting in general. You are obviously one of those guys to trust knowing the business from a variety of angles. Looking forward to new videos as I watch the previous ones.
This is huge. Inside information not normally found in other sources. Much appreciated. Anyone who has a high end home A/V system will appreciate any system of complexity whether on land or on the water will have teething issues.
The main thing for any purchaser of a yacht, aircraft, a supercar etc, is to look beyond the initial outlay and consider the total cost: annual debt amortization, annual operational cost, crew costs, government registration/permitting, any taxes, insurance and dockage/storage. Then add 10% or more, if you do not spend it put it in a reserve fund, something big and expensive is guaranteed to break, and insurance costs for example, can soar in a tight market. Then compile that total cost and see if that fits into you budget, If not then perhaps a smaller yacht/aircraft etc or consider chartering. charter. (Your comparison to the lottery winner is right on. Never, never spent the winnings, invest the funds, and use the net investment earnings plan a budget and live within it.) Then call David and ask what Yacht will fit this budget. I know David would be one of my first calls to discuss the matter, buying or chartering.
I think what you’re doing for the general public is so awesome you are such an honorable man please don’t change always speak honesty and the truth you are truly a good guy God bless you don’t change please we need more people like you you’re awesome Jan Michaels
Yatchs are for people with the passive investment income that exceeds the annual running costs of a yatch. They are not investments themselves. They're luxuries, divine ones and I'm getting one as soon as I succeed enough to afford it, correctly.
Of course a Thumbs Up for this. Another topic that can really take hours to explain and understand all the in's and outs of this decision. But in reality, I believe the SuperYacht future owner knows intuitively what he wants rather quickly! But it's good to hear the highlights to both choices! Thanks, as always, for taking the time to produce these vlogs.
Excellent video although I have to disagree with you about the whole lottery thing. Depending on how much you won and how you invest the money I don't see why a lottery winner could not afford to run a yacht? It's money like any other money. Also like someone else said, chartering it out could offset the costs also.
Hi Venom! Yes...a few people have disagreed with that. I was generalising, if you have a one-off windfall then buying a yacht is a risky thing to do. If on the other hand you can invest it to give a healthy yearly revenue...then give me a call!
I perfectly agree with the points about sacrifying certain amounts of resources on a yacht. It just makes life better. Period. And the challenge is not the accountant. Nor the financial director. It’s the wife. 😜😜 Thanks for the great episodes David!
Just popped in from watching your story over on Tristans SYC channel and will say that this video would greatly accompany that one. Definitely encompasses all that you do, from beginning to present. Subscribed! Cheers
My advice, Charter when you want to use the yacht and move on with your life when you're not. People here prices like $50,000 a week and think that owning The same yacht doesn't cost you $25,000 -40,000 a week whether you're using it or not.
Thank you for the education, great video, however, with a question. I looking and thinking to purchase the MIZU yacht, my question what is your opinion when they ask for it $9,M and 30 days later the price went yo $12,M. Any advice? Thank you and have a nice day.
It was kind of a ridiculous statement by him. If you won the MegaMillions or Powerball here in America right now you would get anywhere from $84 million to $124 million. If you bought a yacht for say $10 million, even if you did no investments with your money, the costs to run the yacht would be about a million dollars a year, which would be easily paid for. If you invested the money and got 7% annually, you would make $5 million a year minimum, more than enough to pay for million dollar a year running costs, and that's before factoring in chartering. With the massive lottery jackpots out there where you even have people winning over a billion dollars it's kind of insulting to potential clients who may have won the lottery.
Totally agree, and beauty of it all it's a once and a lifetime dream. Especially with Mega Millions jackpot tonight at over $200 million. A $5 million dollar yacht can truly get you some serenity...
venom5809 If you take the money upfront instead of taking yearly payments spread out over 20-30 years, the lottery takes a big chunk out of the winnings and then you'll probably get 40% of that taken out in taxes, so you'd probably won't see more than one third to half of the total prize money. And 10% upkeep would really add up over the years if you wanted to keep the yacht for a long time.
I watched this and then thought a few minutes before replying. I have a couple questions and an observation from my specific point of view. when I buy I will want a trideck and need a steel ice class hull with a minimum of 3000 mile range and want 4k+ range. Not paper range but real world after reserves. I also prefer the older more classic interiors. Darker gloss woods, matching cloth, and most important, she will have very comfortable crew areas.the yacht will see ice and will see tropics. I intend for her to go to sea and take me to see the world. Truely see the world. She won't be a party boat. I am afraid that buying used and turning her into what I want may approach the cost of new. But that's where you come in. Do these realistcally exist on the used market? Am I right in my assumption about price? And last, in one instance I disagree with the lottery statement. For younger winners I agree. Absolutely. But for older winners or winners with failing health i would say why not? Put money back for when you are done travelling but enjoy the rest. You cannot take anything with you so go. Enjoy. Make memories for when you can't. Buy a boat, use her for 4 or 5 years, sell her. Give half to charity and buy a comfortable place to relax and enjoy the final years. That's how I would do it. I was healthy up to the years between 50 and 60. Those years hit me hard so I'm thinking by 65 I will have to do this or not at all because of the combined age and failing health. This is just my point of view and not nessisarily right, or wrong. Thank you and have fun!
Hi Rob, thanks for taking the time to write your content...and I agree with you. If you win the lottery at an old age and in failing health...why not? With regards to a true world cruising yacht with great range and ice classed hull. There are a few available but not many. However, you can make a significant saving over a new yacht if you shop around.
Don't forget about refit yachts. I've forgotten whom the owner is, but an owner out there has bought yachts or ships before and refitted them, then named them Delta 1 to 4. Also, as far as I know, Azaam used to be a Navy ship.
Before deciding on whether to buy new or used, I'd certainly would first go out on charter on a few types that I'd be interested in owning. At least that way as a first time buyer I'd have a good perspective on the enjoyment side while observing the captain and crew service. I look forward to each video. This channel is among my favorites.
I think Sir Irving Laidlaw summed it up perfectly when he was asked about his yachts and he said "You have to love yachts to own one or you will certainly resent the expense". So true .
My family bout a 108' luxury yachts used. It was all being upgraded and only diesels and minor things needed. Their putting large cats with lithium, elect generators to run it. Gonna be very epic with the new engine generation tech!
So true David But some loterias can pay big money now and again i mean money like 200 million EUROS that can buy a nice yacht like the azimut s7 , with the intrests of the money could cover the running costs , etc etc, P.S could you get a walk through of one :), cheers also see you changed Silverstone foto, can you explain about that driving experence . thank you
Ok you've bought a yacht, but the interior decor and outside color isn't fabulous. Who do you are to update the yacht inside and out? How do you get this yacht up to the modern age?
So that means if you are not a billioner baying a yacht it could be a disaster. But if you can afort one I think the journey of building a new one is better. David I really like your videos.
If I was ever in the market to purchase a yacht, it would be one that I could charter out. However, I would only make the purchase through David Seal and none other.
If I am ever fortunate enough to be in the market for either I am sure I will be in contact with you David even from your video blogs you seem a very nice and trustworthy guy who would guide anyone in the direction they need to go in new and after sales of the yachting industry
I understand the comments made about the winning of the lottery and buying a yacht being potentially stupid due to the running costs but its surely not as simple as that, people dont seem to think it through further than that.. if a yacht is 10m and lets say it costs 2m a year to run which it shouldn’t but for sake of argument lets say 20%, if i won 100m on the lotto and bought a yacht.. id have 90m to spend on running, or otherwise id have 90m to invest, even in a bank at 2% interest will pay me nearly 2m a year in interest and id theoretically never touch the lotto earnings.. the reality of this argument is that theres plenty more ways to invest money at over 5%.. thus solving the issue??
give you a clue those that win the lottery and take the lump sum 95% of them go bankrupt in 3 years. annuity takers on the other hand despite it taking 20 years to get all that money do not go bankrupt and can live the rest of their life in comfort. this is because they go crazy due to the money being in their pocket and it tending to take five years to get over that temporary insanity which is not possible on the lump sum but on the annuity.
i cant speak for all lottery's but the USA mega millions hits $500m+ quite often. if you cant afford to run a yacht in the 160-200' class on $250-500m then you didn't invest your money right.
If you run your own business you may be able to buy your Yacht through it which possibly may off set a lot of the running costs and even away round some of the taxes ;-). Love the saying about the elephant and never a truer word said. Costs can be huge and personally a new yacht is the way to go, the whole process is exciting and when maybe a four year wait you take delivery you have what you always dreamed of, well after six months one may want the buzz again. What is interesting is the reaction of the crew to their new home ( well place of work i guess), they become excited as well and just seem to want to baby her as much as you!
Greetings from Holland I love your program. If everything goes well I'm buying a yacht at the end of the year but I want to resell I'm interested in European yachts as big as possible up to a million euros It is for a new clientele emerging clientele what to dream is a totally new market and not very complicated. Of course it is without warranty but I would like to give a good product that would advise me which are the brands that require less maintenance or easy to maintain.
i'm looking at the DB9 , i really like that Palmer Johnson but i'm still using a 10 year old computer @ home there is no logical way to make enough money to afford that in my 3rd world country , FML ! most likely have to do something with gas or oil to make that much money or make a new type of a weapon !
OMG! I luv you. I luv how you break things down, and explain what, how yachting can be. No other broker firm on RU-vid does anything close to you. Thank you for this video. It really helps in making the right choices as to new or used. *PEACE*
great video, but you are focused to "immortals" who don't know what to do with money (yacht 100 ft+) can you make video for ordinary mortal people who want buy yacht from 40-100ft, and not only motor yacht ?
Anyone with the money to purchase a Yacht verses a Boat should be smart enough to understand the serious losses involved with Pleasure Craft. As a Tax write off only personal Jets offset Tax liability like Yachts.
I always imagine that having a 65 meter yacht as my personal home several months of the year can be offset by renting/leasing it out for a while to those who can afford it. That way you can recoup some of the expenses....no?
Imagine to rent your pearl at a hooligans..... For me you have the cash to afford and mainten her or forget it. The same than to buy a Ferrari and can't or don't want to pay gasoline and insurance. Non sense
Im getting a yacht once my business pick up. I'm probably docking it in Lake Michigan in Michigan. Hopefully by this summer. I will be sailing with beautiful women. That's what money does to you.
I think a yacht (30-50m) can be justified, when dealing with scarcity and availability and of course price ... of a waterfront home. In Victoria BC (Canada) there is a good argument for justifying its cost when compared to the current Mean waterfront properties (incl. gardening/pool/repairs/lawn care and TAXES). So all of sudden previously loved 2006 157’ Trinity doesn’t seem so insane. Especially when you can shift it down South (California) or further in about 60 hours. Thanks for another excellent video
What about chartering? If you bought a used yacht, and chartered it full time (if it were that easy), then would that pay for the yearly running costs and repairs of a yacht?
Would you want strangers who usually don't care for the value of your yacht on board? I guess it would be a way of off setting costs but if you use your yacht that little then perhaps charter is better than ownership for you?
I understand you specialize in videos for yachts but I have a request can you make a video of boats that are bets suitable for scuba diving teams. 5 crew members around 10 divers,crane winch,cage,storage box for oxogen cylinders,,,the basics. Including the costs of fuel,maintenance,crew pay,ect,,ect. I'd appreciate it a lot thanks bud
One of my very first jobs when I was 15 was removing hull fouling on yachts and commercial fishing vessels, replacing sacrificial anodes, and doing general maintenance items as needed. It paid for my diving gear and Scuba certifications until I became a dive instructor. I later crewed on several charters all over the South Pacific and Asia. Yachts are expensive and can be an incredible joy(pain) to own. OTH when those maintenance items are ignored or dealt with in a less than optimal manner can cause loss of the vessel and lives. My grandfather was a Merchant Marine for almost 60 years. He was fond of saying "Fail to Plan, Plan to Fail" and "The Devil is in the Details". Not original but apropos none the less. It's a real tragedy when you find a yacht moored and the deck awash because of neglect. Even worse when you have to rescue people that chartered a poorly maintained yacht and it fails spectacularly 200 miles (or more!) from shore. There are no stupid questions when your life may depend on the answers. Half a century on the truth of that is even more apparent. Thank you David for your insights! And yes EVERYTHING is better on a yacht. Except wireless connectivity. ;)
I don't know David. I think the guy who won 500 million dollar lottery and pocketed over 300 million can afford it. If it were me with those winnings I'm on my 86ft Norhaven going somewhere lol
I didn't know you had him custom-built new always learning something... I'm okay with with only one right now I would like to get my second one here soon
So many if, buts and maybes. If I couldn't affort to buy and run a new yacht of a particular size, perhaps I sould not be buying a second hand yacht of that size. Dr No No 10 million Euros to buy, but would cost (just guessing) about 5 million Euros a year to run again with a few ifs and buts. Even if you could stretch (ha ha, no where near it) to that amount you would start worrying about each and every creak and groan. Now if I could afford 10 million euros running costs I would enjoy every moment on that boat. Buying a used yacht is complex enough, buying a new one so much more so.
@@westonbadke5434 I understood, perhaps wrongly, that Dr No No has a new replacement value significantly over 40 million euro, hence 5 million Euro's pa to run. Lovely boat. David might know the exact figures and let me know approximately how wrong I am. Regardless of the cost of the elephant, I can't afford the hay (fuel alone is beyond what I could manage)
@@776281 keep in mind the 10% baseline on Operations costs, doesn't include fuel. Crewing is most expensive along with berthing costs. Taxes and insurance are next part of "operational costs".
@@776281 I'd be more conservative on replacement values pegging it at $36 Million USD = €32 Million Euro making the 10% Operations costs at €3.2 Million/year. A new 165' From euro yards is at that price point. €30-€32 Million
Yes but Dr no no is a big boat for it's length 608 tons, 120 tons heavier than a Mangusta 165. Crew has been shrunk to 11 (14? before) Vs a usual 9 for a Mangusta. Berthing costs I guess would be similar as most are based on LOA. Insurance that will depend upon value. And yes I am guessing and comparing imprecise memories that were looked at in a different currency
