New vs Used Yachts: Pros & Cons

Which one is right for you?

If you’re dreaming of owning a yacht, one of the first big decisions you’ll face is whether to buy new or used. Both options have clear advantages and potential drawbacks — and the right choice really depends on your lifestyle, budget, and what kind of experience you want on the water. Let’s break down the pros and cons of each to help you navigate your decision.

Buying a new yacht

Pros of New Yachts

• Fully customisable

  When you buy new, every detail is yours to decide — from the layout and interior design to the latest navigation and entertainment systems. You’re essentially crafting your dream yacht from scratch.

• Modern features

  New yachts are equipped with cutting-edge technology: fuel-efficient engines, advanced stabilisation systems, and the latest onboard comforts.

• Warranty & peace of mind

  Manufacturers usually include comprehensive warranties, covering many potential issues during the first few years of ownership. That means fewer surprises and more time to enjoy your yacht.

• Lower immediate maintenance

  Everything is brand new, so you’re unlikely to face unexpected repair bills early on.

Cons of new yachts

• Higher price tag

  Luxury comes at a cost. New yachts are a major investment, and personalising every detail can quickly increase the overall price.

• Rapid depreciation

  Just like cars, yachts lose value fast — often around 10–15% in the first year.

• Longer delivery times

  Custom builds take time. Depending on the builder and your specifications, it can take months (or even years) before you set sail.

• Higher insurance costs

  Because replacement or repair is more expensive, insurance premiums for new yachts tend to be higher.

Buying a used yacht

Pros of used yachts

• Lower upfront cost

  A pre-owned yacht gives you more for your money. You might be able to afford a larger or more luxurious vessel than if you bought new.

• Slower depreciation

  Since the yacht has already passed through its steepest depreciation period, its value tends to hold more steady over time.

• Faster availability

  No waiting around for construction — a used yacht is ready to sail as soon as the deal is closed.

• Proven performance

  Maintenance records, reviews, and prior ownership history can offer a clear picture of how the yacht performs in real-world conditions.

Cons of used yachts

• Higher maintenance

  Older engines and systems may require more frequent servicing or even replacement parts.

• Outdated technology

  Depending on the yacht’s age, some onboard features might not be as advanced or efficient as newer models.

• No or limited warranty

  Most used yachts don’t come with a manufacturer warranty, which can mean higher out-of-pocket repair costs.

• Potential hidden issues

  Even a well-cared-for yacht can have unseen wear or mechanical issues that reveal themselves later.

Final thoughts

Whether you’re drawn to the excitement of a brand-new, custom-built yacht or the value and availability of a pre-owned vessel, the key is to match your choice with your expectations and budget. Before signing on the dotted line, consult a qualified yacht broker, schedule a marine survey, and take time to understand the total cost of ownership — not just the purchase price. Pro tip: Remember to factor in ongoing expenses like docking fees, insurance, fuel, crew, and maintenance. These can amount to 10–20% of your yacht’s value each year.