“Expensive” would be the first word that would come to mind when it comes to owning your very own boat. Most people would love to own one, but they can be quite heavy on your finances. Some options offer a touch of luxury that most people can afford, so should you consider chartering or owning one?
Chartering is an option that can be almost as rewarding as owning one yourself. This option does not always guarantee to get the precise boat you want. The question is, would you prefer buying a boat and hope you can take it out enough to get your money’s worth? Or would you prefer chartering one and dream that one day it will be yours?
Pros of Owning A Yacht
When you own a boat, nothing compares to the pride and satisfaction that comes with it. Whatever you choose to do with your boat is up to you because a boat that you own outright belongs to you. You are not limited to where you may want to go and where you take your boat. It would be your discretion to sail with you or go with you on that fantastic summer escape you have been planning all year round.
When you own a boat, it will be ready and available when you want to head out onto the water. If you own a boat, whether it is a small yacht or one of the most luxurious Viking Yachts, sailing would have no limits, but that is always weather permitting. You can have long weekends off heading out to sea without having to hope or wait until a boat is there to spare.
Owning a yacht means you have the freedom to decide what to bring on the boat with you. Planning that vacation when you own a boat means endless fun too. You can determine what activities can be done aboard the yacht and what food and drinks can also be brought, you make your own rules.
Owning Vs. Chartering
Chartering may be a cheaper option for starters. It is true that all you have to pay would be the rental fee and possibly a deposit, and comparing it with owning a boat. You would not be spending a hefty amount of sum of money. But in the long run, fees like these change as the demand change as well.
There might be a possibility that chartering or renting a boat might end up paying more, considering that some additional fees may pile up. Charter charges can also add up depending on the season or time you wish to go out to sea. It might be a risk that you might want to think about first.
Compared to owning a boat, especially when it comes to specific rules and regulations, you might not fully enjoy chartering. You might limit some activities and would not have the liberty to do what you have planned, especially in terms of actions or food choices, because you have to abide by the rules for a chartered boat. You can not make your own rules.
It may be true that renting or chartering gives you that freedom of trying out different types of yachts that will be suitable for your needs before even really considering purchasing or buying your boat but deciding to buy your boat will be a smart move too.
Some people buy boats not just for leisure and pleasure but for business too. If you are looking into putting it for rent, if you are not using it, you can earn a decent amount of money, considering that many people do not have their boats but plan to have a great summer boating trip.
There will always be good reasons you should buy a boat and some equally good reasons why you should charter one instead. Think about how many times you would be using the boat and your capability of owning one. Think about not going over your budget and weigh up the pros and cons. That will help you make the right decisions
