Step One: Become a billionaire.

This was fascinating, and I'm glad we got to see some footage inside Solo. It's great to add detail to my daydreams, cheers!

This video, like the other videos already made, allows a clearer vision and eliminates many fears related to the purchase of a yacht. There is only money left to find :) :) Just a big "thank you" for your job so well done

Great video. There were some things about the process that I did'nt know. Thankyou for making me wiser. Enjoying this series as with all your other videos.

One of your best video David! Please keep posting this type of content!

That was a very informative video, David. There are a lot of things to consider when purchasing a super yacht.

There’s lots of yacht videos - but few practical yacht videos. Well done. You provide valuable insight for those who need it.

Hi david, a very informative video in the series of buying different yachts on individual circumstances. A management company to oversee all aspect of the purchase and furthermore continue with the running of the yacht to ensure the crew, maintenance are looking after the buyers interest. Great video.

Thanks David for another great, informative video. I think a very important consideration would have to also be the capital depreciation component of owning such a magnificent vessel such as SOLO (or any yacht for that matter). It is probably not an issue for most of these owners as it can probably be "written off" but for the outside observer with rose-coloured glasses it may be enlightening. Keep up the good work, I look forward to your notifications. Cheers

Excellent, informative video David. Well done.

I very much appreciate this video. No one else has bothered to show the potential cost per year of a yacht this size. Top notch. The cost per year is actually lower than what I thought it would be. Again, very much appreciated. Thank you very much for this and please keep these videos coming. I have learned a lot from you and the lifestyle of yacht ownership 👍😎🛥🍾.

Great video, answered some questions. Thank you David.

Thank you for another very informative talk.

Really, really good video and the graphics you put on screen are really well done and add a lot. Not that I'll ever need to make use of the contents of this video but it's an enjoyable watch nonetheless.

One of your best videos 💯

You have the best yacht channel on UKposts. The video production is on point, very inspiring and entertaining! Keep making more.

Highly informative! Well done mate

Great video with very useable information. Thank you!!!

I really like the informative videos like this. I even remembered most of the process. Buying a yacht combines the complexities of buying a house _and_ buying a car. Now, how is it you can hop on this boat and *NOT* give us a tour?! I hope you were able to get one to show us on your next video! :P

Awesome info David

I never knew it had all this behind buying a yacht. I love yachts and I dreamt of owning one some day but after see this video...... I might stick to fancy cars. Great video by the way

Great video, but can we get a video that focuses even more on the chartering of the yacht? How to project income/expenses? What would the proper legal structure be?

Owning that yacht is like running a business,, spend money to make money to cover costs and make a profit. Fantastic video.

Great video. Well thought out. I am not in the market for a 72m yacht, however much of what you present (maintenance/mgmt. costs/etc.) can adjusted by general length. I appreciate the information. I would be curious of the expenses (seasonal $$ difference) between the Mediterranean (Summers) versus Winters in the Caribbean. Are they comparable? Thanks for another insightful video.

Great video my friend! Thanks!

Great overview and video!

Brilliant video, thank you.

Great video again!

Hey David, any chance of seeing a video presentation of your new listing "Tommy Belle", that gorgeous German made luxury trawler?

Great video. This is the first video I’ve seen that made me consider chartering my super yacht, if I ever get one.

So in essence this means the more preparation you take upfront the higher the chances are that it becomes an asset instead of a liability. Which I would say is universally true.

Thank you! Very useful! Is it possible to have you as a "middle man" if the boat is not on your list but in another company listing?

A wonderful video David, thanks so much for explaining many of the more hidden yet poignant costs of ownership of a gorgeous yacht such as Solo.

With large transactions like that the (hidden) wire fees are gut wrenching. Having recently had a super yacht size finance business transfer, I felt outraged at how much the banks thought they could charge for moving digits. With transactions on that scale you will usually have multiple banks involved and the rates were widely different. Since I wasn't paying the fees, I'm not sure why it upset me so much, but I know what goes on in the back end of banks, so seeing how much some banks skim made me wonder if the lawyers even bothered negotiating fees.

First off, I wanted to say how much of a great speaker you are to which, it make it easy to listen to you and such a joy. I wanted to know which yacht management companies in the world would be considered the best choices for full service management for yacht over 250 feet and up? I've tried finding out with the web didn't really found anything useful since there are probably a few factors to consider., such as how many offices in how many locations, to how many managers per yacht to all of their resources available to them. If you can make a video or 2 on this subject I think it would be great and your viewers would enjoy, it can be 1 for higher then 250 feet to less then 250 feet all depending on the actual makeup of the categories. Let me know if this is something you can and want to do?

AWESOME VIDEO. Just put it on my tab.....

Hi David, thank you for your video. What would you advise to a client about finding crew and captain.

great video . just one question , does the owner has to carry more money while yatching ,for expenditure of the yatch like fuel and other stuff ,or is it done by the management comapany ? and what other things does the management company can handle ?

Very interesting information.

i really enjoyed the videos please group them together so they flow better..

Great Video.

Good video! Thanks!

Thank you for the detailed information.... I had assumed that 7% to 10% would be the annual running costs, which is something to factor in, just as when running a business its going to have an annual operational cost. Thinking alongside the "Charter aspect "..... what time period of the year would you expect to have the yacht on charter to come close to balancing the annual costs?.. where best to locate the yacht, and obviously it would be used at say the most popular holiday periods.. correct? In short outstanding advise.

4M seems a bit low to run an 18 crew vessel. Can't wait for you to own SOLO :) I'll be in Antibes this coming Feb.

Very interesting.

You talked me into it , Where do i sign?

What if u draw a yacht design who and how do u sell your own yacht design may u make a video about it

Can you please make video for Yacht 85m O'ptasia...thanks

Nice info

I have an odd question which may sound silly. If the owner of the yacht charters the yacht out to help cover the running cost, and the crew depends on the tips as part of their salary, when the owner is using his yacht should he not make certain that the crews salary should reflect that of when they are out on charter. I mean after all they are preforming the same task. I know that if I had the income to operate a yacht of smaller size say Broadwater, I would see that my crew at least got paid what they would if it was anyone else on board besides the owner. I appreaciate the info. Thank you for your videos.

One thing I've heard from a different broker ("Yachts International", smaller yachts, mainly owner/operator catamarans, Florida) is even for a NEW BUILD you get a full survey. He has had boats be "delivered" to a client only for the shipyard to need a further 4 months to fix things up.

I know nothing about yachts nor I can afford one however I find myself enjoying these videos

Just curious, the boat has a capacity of 18 crew...do they need all 18 to run the yacht? What happens if the owner wants to hire a security crew as well, does that mean you have to run with less crew?

Can you please give us charter layout? I mean besides enjoying it what if I want to recover my expenses by chartering? Can you put together something similar like the Solo cost layout?

How much potential income could be earned from chartering, to offset some of the yearly fees

I'll take it!

The fees really surprised me at how low they were! 15 GRAND INSPECTION 40 GRAND LEGAL, relative to the purchase cost that is not even money as for the insurance and management, that annual cost is a full tank of fuel so not too much really

Truly an exceptional, educational video. Well done. Add a rough price to the video and your hits, views, subscribers will go through the roof. You spoke of the cost in the video, you made the massive mistake of not adding the price in the title.

Thank You

You are so right in stating that buying a half million € is more difficult. However, you often mention charter income - could you do a video on how charter income is sourced for a 70m+ long M/Y.

Appreciate your passion for the yachts. But you should also include the fact that many of the yachts are bought by owners who lives in tax exiles and who do not pay tax eg. Joe Lewis the UK owner of the yacht Aviva.

Are sailing yachts cheaper or more expensive than motor yachts?

Do people or business consortium's buy yachts for the sole purpose of charting them out? It seems like it could be pretty profitable if you did the math right and bought the right boat. Also, I have noticed that it seems some owners will commission a yacht, only to turn around and sell it immediately. Are these owners the equivalent of a real estate developer?

Kinda sounds like what Yersin would or might cost. It's a 76 meter 251 foot. 59 euro

Step one...Have money Step two...Spend money! Sounds pretty simple to me, except for the first step!

I must go to the wrong yacht shows... I rarely see this level of quality.

So the rule of thumb being 10% of the purchase price is the cost of running the yacht is not far off Dave correct. A yacht such as this coasting 71 million you will need to budget 7 million to run it. probably add another 2-3 million for food, drinks, fuel, and docking fees.

Do you know of any books or websites on yacht ownership? Like yacht ownership for dummies, because I search to learn and different people say different things and it’s not like looking for info on buying a home. In fact buying a yacht is even more difficult, because it’s so hard to get prices on certain yachts almost impossible, that’s of course not calling a yacht broker to get the info. When I look at a home online, a mansion, land etc. I don’t have to call the realtor to get info on said home. Yes there are few mansions or properties that don’t have a price, but they too are typically a place other than America and those places I don’t even look at. I’m not saying I have the funds to buy a yacht, but while I have the time like to learn the cost. So if you know of any books or websites that break down the costs, explains the difference between a yacht at 60m for $20 million and the same size yacht, but now it’s $80 million. With a mansion or home it depends on size, amenities and where the home is located. With yachts that’s not the case. How much does a used yacht cost to run, if it cost $5 million now, but 20 years ago it was a $30 million dollar yacht? That’s why looking into buying or commissioning a yacht to built is difficult for at least

How much to rename a yacht like Solo?

ok thanks

One number you didn't cover is typical charter income such that we can see Profit/Loss ratio.

How much to charter such boat for 24 guests, to tour New Zealand waters 24-7-365??

I wish I was watching this for the reason of actually buying. 😔

SOLO now having had a huge price reduction makes it by far the most bang for the buck yacht for sale. If I was a bilionaire it would be mine immediately 😱

@Yachts For Sale I really like your buying videos as they are very informative. What I miss there: who pays the broker? It is an expense the seller has to cover? What when I ask a broker to search for me for the right yacht?

I what buy a Wider can you help me new too

Finally.

I swear the running costs for this yacht as compared to the cheaper one from before actually seems dare I say reasonable? Also the legal and survey costs seemed actually once again, reasonable? LOL

I would only buy a boat to put it on the charter market

How many weeks in a year does a yacht like Solo get chartered? And does that rely upon both sailing the Med and Caribbean? Does the owner then have to use the boat in the off-season weeks rather than peak to be able to cover ownership costs?

How to buy a new yatch

What about a hypothetical Australian bloke?

Well,.. The good thing is that the current Russian oligarch owner won't have to go far to sell this to another Russian oligarch owner. That is, if they are friendly with one another, and the possible new owner wants the old ones "sloppy seconds". First "Suerte", now "Solo", and soon to be, Tankoa's latest 80m series. I'm sure that his new yacht will be as much of a successful charter as his last two. Someone has to use them more than the 'one week to ten days', that the current owner spends aboard his masterpiece. That mindset, I will never understand. To own something this magnificent, and only make use of it for one week per year. I truly hope that I don't come down with whatever terrible mental disease that is.

It should have been titled 'How to buy a *used/secondhand* Superyacht'. Probably be far cheaper to commission a new build, either semi custom, or if you can afford it, fully custom.

So let’s say I invest in real estate and I become 250000000 in assets what would financing all those cost look like

Solo is so beautiful, to heck with the hypothetical oligarchs.... Who’s interested in a group buy?

Seems reasonable, but I'll stick to motorcycles as a hobby and a way to relax.

Are such yachts more generally registered and financed via COMPANIES rather than by INDIVIDUALS?

YOU HAVE TO KNOW PER MONTH SALARY FOR CREW (20 PERSON)100G EURO +FOOD .PILOT,DOCKING AND MAINTENANCE,FUEL + INSPECTION FOR ALL DOCUMENTS TO BE NOT EXPIRING +DRY DOCK FOR HULL ETC.ADITIONAL 1 MIL IN 4 YERS TIME.IN ABOUT 16 YEARS YOU MUST SPEND NO LESS THEN 40 MIL.

Can I get a broker contact on it??

Would not the seller be required to transfer all funds from contracted charters to the new owner's company?

If you charter this yacht for $1 million a week (market rate?), you can totally cover the running costs with just 4 weeks.

Im guessing she charters for about 250,000+/week, it covers the wages, bills and everything, the variable being fuel costs depending on what the guests want to do in the week on board. If you can charter her for more than 16 weeks a year, you're past the covering costs point and start to actually get money from it

Finally something recognizes me as a rich person. Thanks UKposts Algorithms. I will Make it

If it flies, floats, or fornicates, always rent it.

For broker read "estate agent", no broker will want a lower price accepted because they will lose money and no one wants that. Any broker will look at you as a one off buyer so you will never be back and therefore no friendship would be involved.

1 million euros or $1,119,250.00 dollars per meter. I'll take 4, Each in a different color. :))

Man, UKposts revenue must have really skyrocketed lately.

David please chill out with the music hahah

Wha't the usual % of personal wealth dedicated to owning a yacht? What I mean, how much should an individual be worth to be able to afford this yacht, among all the other things a wealthy person would want to own (villas, cars, even jets).