Everything You Need To Know About New Yacht Ownership
The journey of yacht ownership is, without a doubt, an exciting one. Offering all aspects of freedom, luxury, and adventure on the world’s oceans is an opportunity that is hard to match. Whether you are a seasoned charter client, a current yacht owner, or a first-time buyer, understanding the details of yacht purchasing is essential. One factor in particular that can transform your yachting experience is to opt for buying new.
However, if you are beginning the journey of commissioning a newly built yacht, this can be lengthy. At IYC, we work with a range of renowned shipyards to offer a range of newly built yachts at the delivery stage so you can begin cruising immediately. This element of ownership creates a unique set of advantages that balances the allure of a new build with the immediacy of ownership.
Here, we outline the benefits of new yacht ownership, highlighting this sweet spot between commissioning a new build and buying older, pre-owned yachts:
The IYC Advantage
Our experienced consultants can help guide you along the various ownership paths. Whether it is new-build commissioning for those with a specific vision and who have the time to wait or those at the delivery stage, which is ideal for buyers who are looking for a new-build yacht immediately as well as those nearly-new yachts that are already on the water.
At IYC, we have cultivated partnerships with leading shipyards, enabling us to provide clients with unique advantages. Our consultants have a deep understanding of the shipyard and its models, giving you priority information on upcoming models. For example, our collaboration with Sunreef UK highlights this approach - IYC is now the exclusive commercial agent in the UK for this pioneering and sought-after eco-friendly catamaran brand.
Most recently, IYC announced another exciting and exclusive partnership with Dutch builder Moonen Yachts, which is representing them globally. This partnership gives our clients an unprecedented opportunity to purchase new Moonen yachts, such as the Martinique YN205, scheduled for delivery as soon as April 2025.
Faster Delivery
One of the most significant advantages of buying a new yacht at this delivery stage or a near-new pre-owned yacht is the speed of acquisition. Unlike commissioning a new build, which can take years, this approach means you can enjoy your yacht almost immediately. Besides being about to start your yachting adventure without delay, this faster purchase process gives various benefits.
Skipping the lengthy wait times associated with fully custom builds also gives you the opportunity to capitalize on current market conditions without fluctuations during a long build period. Buying a new yacht already on the market means you can also avoid potential delays and stress typically tied to construction periods, and with a concrete delivery or deal date, this results in simplified planning.
New Yacht Experience
Purchasing a yacht ready for delivery or recently delivered allows you to still enjoy that immaculate newness factor. From pristine and modern interiors to cutting-edge technology onboard, everything is fresh and state-of-the-art. New yachts often feature thoughtfully designed, versatile spaces that seamlessly blend indoor and outdoor living. For example, the Moonen 122 Martinique showcases exceptional design that maximizes comfort and functionality.
Slightly pre-owned yachts also offer unique advantages. They tend to have already addressed any initial teething problems after delivery, resulting in a smoother yacht ownership process. These yachts come with a track record and operational history, providing valuable insights into their performance and maintenance needs. New and nearly-new yachts typically come with the reassurance of a shipyard warranty period; this coverage offers peace of mind and potentially significant cost savings in the early years of ownership. For instance, the Moonen 110 Mustique is supported by a comprehensive warranty, ensuring protection from any unforeseen issues.
Environmental Considerations
In today’s yachting world, environmental consciousness is increasingly important and at the top of agendas. New build yachts are typically constructed with efficiency and environmental considerations in mind, often incorporating the latest green technologies and meeting regulatory standards. By choosing a new or nearly-new yacht, you are likely investing in a yacht that’s more future-proof in terms of any further environmental regulations on the horizon. This can lead to longer-term cost savings and a reduced environmental impact, aligning a luxury purchase with more responsible ownership.
The 133’10” (40.8m) ORENDA Yacht that was delivered earlier this year is currently for sale and has been built to all the latest regulations. Another example is, REPOSADO Yacht, the 170’7” (52m), built this year has a focus on eco-friendliness and low consumption. When it comes to environmental standards, Sunreef’s Eco series has a dedicated commitment to lowering environmental impact by incorporating its in-house solar power technology, for information on Sunreef models for sale contact the UK team.
Customization Opportunities
One misconception about buying a new yacht at the delivery stage is that you may miss out on customization opportunities. However, many shipyards allow for last-minute customizations just before delivery. This flexibility enables you to add personal touches and tailor the yacht to your specific preferences, even at a later stage in the construction process.
From selecting finishes and fabrics to making minor layout adjustments or adding specific equipment and toys, there is often room to make the yacht truly yours. These customization options allow you to enjoy the benefits of a new build without the extended wait time.
The Financials
While the initial cost of a new yacht may be higher than that of an older, pre-owned yacht, there are also long-term financial benefits to consider. In the early years of ownership, maintenance costs tend to be lower. With more efficient and high-tech systems in place, the yacht will benefit from better fuel efficiency and lower operating costs. Depending on your situation, if you are only looking for a yacht for a few years, buying a new one will be more advantageous as it will potentially mean a higher resale value when you decide to move on.
Beyond The Yacht
When you purchase any yacht through IYC, you also gain access to our extensive support network, with our services extending beyond the sale. We offer management services, ongoing maintenance and technical support, vast charter services, and an array of bespoke services to enhance your new yacht experience.
Our team is on hand to help you in the exciting process of new yacht ownership; contact us today to learn more.