Buying a Yacht or Boat? Real Costs and Commitments to Consider
Owning a yacht or a smaller boat exudes luxury, yet the financial commitment stretches far beyond the purchase itself. The initial price is just the start; you must account for fuel, crew wages, insurance, taxes, mooring fees, and depreciation, which can amount to 10–25% of the yacht’s value each year. For instance, a 60ft vessel…