There is a third option which I was fortunate enough to find. I found a half built yacht that the person who commissioned had pulled out of. The structure was built, but no interiors, and I was able to alter the interior layout. What this meant was the build time was cut in half, I get a new yacht exactly how I want it, and yet it’s cost me way less than a new build would be. This means that the value of the yacht is way more than what I paid for it, and it will probably take 4-5 years before I see any depreciation on what I spent. Deals like this are not easy to find, but they are out there if you look for them. It’s the best of both worlds.

David: Decisions, Decisions, Decisions. Me: No money, No money, No money.

The main thing for any purchaser of a yacht, aircraft, a supercar etc, is to look beyond the initial outlay and consider the total cost: annual debt amortization, annual operational cost, crew costs, government registration/permitting, any taxes, insurance and dockage/storage. Then add 10% or more, if you do not spend it put it in a reserve fund, something big and expensive is guaranteed to break, and insurance costs for example, can soar in a tight market. Then compile that total cost and see if that fits into you budget, If not then perhaps a smaller yacht/aircraft etc or consider chartering. charter. (Your comparison to the lottery winner is right on. Never, never spent the winnings, invest the funds, and use the net investment earnings plan a budget and live within it.) Then call David and ask what Yacht will fit this budget. I know David would be one of my first calls to discuss the matter, buying or chartering.

He sounds very professional and honest😊

Open words, thank you for that video!

Great info David...

Thank you David!

Ta. Helped me decide which canoe.

looking forward to do BETTER and feel it

Hi David, having searched the web for a while I ended up on your channel. There is indeed a huge variation in quality and many pit holes to dump into when looking for fair and square info about yachting in general. You are obviously one of those guys to trust knowing the business from a variety of angles. Looking forward to new videos as I watch the previous ones.

Highly Appreciative Of Your Insightful Advice!!! :-)

Great Job Once Again!!!!

Great Video!!

Here I am wondering if I can splurge on guac. I’m in the wrong UKposts! But awesome videos, well made and informative.

David, i would like to know more about the Sunseeker Predator 74...

Thank you!

LOL 80's pick up lines "Are Better". He is good explaining love his videos... What about Renting a Yacht been an owner of one?

Great video, just replaced the word yacht for boat and it's my language.

Awesome video man

4 years later still solid advice

I like your sense of humor. Keep up with the amazing content!

I ask myself that question every day.

Just popped in from watching your story over on Tristans SYC channel and will say that this video would greatly accompany that one. Definitely encompasses all that you do, from beginning to present. Subscribed! Cheers

Thoughts on Carver Yachts out of Pulaski, WI?....Think they look pretty good just the short NM range....but capable of 34 mph on water.

David, Excellent Commentary, T U

Great video... a lot to consider. But you have got a subscriber!

Thank you for the education, great video, however, with a question. I looking and thinking to purchase the MIZU yacht, my question what is your opinion when they ask for it $9,M and 30 days later the price went yo $12,M. Any advice? Thank you and have a nice day.

Of course a Thumbs Up for this. Another topic that can really take hours to explain and understand all the in's and outs of this decision. But in reality, I believe the SuperYacht future owner knows intuitively what he wants rather quickly! But it's good to hear the highlights to both choices! Thanks, as always, for taking the time to produce these vlogs.

I just seen a expedition yacht recently called Cloudbreak.. I have never seen anything like it so majestic and formidable looking.. Do you know it?

....everything you do on a yacht it's better.... 😊😊😊😊 beautiful !

I love this dilemma! 🤣

I’m always asking myself the same question 😬

Greetings from Holland I love your program. If everything goes well I'm buying a yacht at the end of the year but I want to resell I'm interested in European yachts as big as possible up to a million euros It is for a new clientele emerging clientele what to dream is a totally new market and not very complicated. Of course it is without warranty but I would like to give a good product that would advise me which are the brands that require less maintenance or easy to maintain.

So true David But some loterias can pay big money now and again i mean money like 200 million EUROS that can buy a nice yacht like the azimut s7 , with the intrests of the money could cover the running costs , etc etc, P.S could you get a walk through of one :), cheers also see you changed Silverstone foto, can you explain about that driving experence . thank you

Listening to you, it is Obvious why You do so well Brokering Yachts.

Yatchs are for people with the passive investment income that exceeds the annual running costs of a yatch. They are not investments themselves. They're luxuries, divine ones and I'm getting one as soon as I succeed enough to afford it, correctly.

Which yacht brand is price/quality wise comparable to Galeon?

Very informative and enjoyable. I look forward to you next piece

Excellent advice and professional delivery

What was the concept yacht at the being of the video?

Thanks for the vid Im investing in a business of weed dispensary I hope to achieve my goal on being very productive and successful on this O wish to own a yatch one day Sorry for my inglish im latin

Hi what is the length of warranty on a new yacht?

love this channel, A friend of mine once said, there are 2 days of happiness in yachting, the day you buy it and the day you sell it

This is huge. Inside information not normally found in other sources. Much appreciated. Anyone who has a high end home A/V system will appreciate any system of complexity whether on land or on the water will have teething issues.

Thanks for this video. I’ve been wondering which yacht I should buy

I think what you’re doing for the general public is so awesome you are such an honorable man please don’t change always speak honesty and the truth you are truly a good guy God bless you don’t change please we need more people like you you’re awesome Jan Michaels

So does Yachts for Sale (or David Seal) and Northrop & Johnson do have an own Superyacht nowadays? And if so, which one?

Hi David 😀😀👌👌😀😀

Great perspective on both sides.

A yacht is a money pit. But, oh, what a beautiful pit it is. Moments on a yacht are priceless!

0:48 lower case i on purpose?

OMG! I luv you. I luv how you break things down, and explain what, how yachting can be. No other broker firm on UKposts does anything close to you. Thank you for this video. It really helps in making the right choices as to new or used. *PEACE*

You're good at selling

Your channel is always so good actually great

I perfectly agree with the points about sacrifying certain amounts of resources on a yacht. It just makes life better. Period. And the challenge is not the accountant. Nor the financial director. It’s the wife. 😜😜 Thanks for the great episodes David!

Definitely used !!!

If I was ever in the market to purchase a yacht, it would be one that I could charter out. However, I would only make the purchase through David Seal and none other.

Ok you've bought a yacht, but the interior decor and outside color isn't fabulous. Who do you are to update the yacht inside and out? How do you get this yacht up to the modern age?

should I buy Jimmy Johns or go to a sit down restaurant, thats what I am contemplating

This once again is an awesome video, very informative and I enjoy the Northrop website. Thank you for all the advice.

I solved it by just buying two. One new and one second hand. 😎

I am a motor yacht owner and always enjoy your video s. Many thanks.

Don't forget about refit yachts. I've forgotten whom the owner is, but an owner out there has bought yachts or ships before and refitted them, then named them Delta 1 to 4. Also, as far as I know, Azaam used to be a Navy ship.

My advice, Charter when you want to use the yacht and move on with your life when you're not. People here prices like $50,000 a week and think that owning The same yacht doesn't cost you $25,000 -40,000 a week whether you're using it or not.

So that means if you are not a billioner baying a yacht it could be a disaster. But if you can afort one I think the journey of building a new one is better. David I really like your videos.

Can you do a video on the costs/economics and general availability of chartering in the 80-130 ft range?

One question: Do you own a yacht David? If so, what yacht and why? If not, well I'm sure you probably don't have the time, but why not?

If I am ever fortunate enough to be in the market for either I am sure I will be in contact with you David even from your video blogs you seem a very nice and trustworthy guy who would guide anyone in the direction they need to go in new and after sales of the yachting industry

Ok when i win the lotto il buy a small one and captain it my self misses can cook 👊

If i win the lottery i can't yacht, so I guess I just have to charter someone else's dream rather labor of love. Way to go Dave!!!

Excellent video although I have to disagree with you about the whole lottery thing. Depending on how much you won and how you invest the money I don't see why a lottery winner could not afford to run a yacht? It's money like any other money. Also like someone else said, chartering it out could offset the costs also.

How does buy new or buy used compare to buy used with major refit to get close to what you would like in shorter amount of time??

Hi David. Fantastic series of 'how to'. Always a pleasure watching your videos.

Very good. When you find time, it would be interesting to hear your take on the “re-fitting” theme.

Love you Channel David. You give us mare mortals a chance to dream.

This was very useful to me I was confused with what to do thank you

I have 70 dollars on my bank account.. what kind of yacht can I buy?

with your experience what would it be the better choice for hull/structure material for a under 30m boat? you said in this vid that a older steel/aluminium built yacht is more expensive to run. does that make the fiberglass a more headache free,cheaper to maintain purchase? shipyards like sunseekr,princess have yachts in the 40m range made of grp. a video on this topic perhaps..

Im getting a yacht once my business pick up. I'm probably docking it in Lake Michigan in Michigan. Hopefully by this summer. I will be sailing with beautiful women. That's what money does to you.

What motor yacht in your opinion is the most reliable? Size 90+ feet

David, your vlogs are fun and so very informative. Awesomeness!

Make a video of the running costs of ownership!!! Great video!

I didn't know you had him custom-built new always learning something... I'm okay with with only one right now I would like to get my second one here soon

I think Sir Irving Laidlaw summed it up perfectly when he was asked about his yachts and he said "You have to love yachts to own one or you will certainly resent the expense". So true .

If you live on it full-time then it is easier to justify the cost. But you still need a very good income to pay for it.

i'm looking at the DB9 , i really like that Palmer Johnson but i'm still using a 10 year old computer @ home there is no logical way to make enough money to afford that in my 3rd world country , FML ! most likely have to do something with gas or oil to make that much money or make a new type of a weapon !

I understand you specialize in videos for yachts but I have a request can you make a video of boats that are bets suitable for scuba diving teams. 5 crew members around 10 divers,crane winch,cage,storage box for oxogen cylinders,,,the basics. Including the costs of fuel,maintenance,crew pay,ect,,ect. I'd appreciate it a lot thanks bud

Great video and worthy watching. Unsure why I would need a yacht that is over 100 foot. 60 odd feet would be adequate for my family and is a place I'd love to retire too so living aboard would be a thing for the near future. Taking the boat out would be an enjoyment and exciting excursion but wouldn't be a daily activity. Winter berthing would be a plan and would you need a captain and crew for a boat of this size? Thanks for insight but with larger than average pockets I think super yachts and the 2million pound plus for a larger than I need yacht is a little over the top. Thank you :)

My choice is buying new one is best choice!

It is so funny that I found this tonight. I'll be in Florida on Wednesday for the boat show and to pick out my new boat (yacht). I have had boats a lot of years and have done this both ways. The only time I have regretted this was when I bought my first one. I let the salesman talked me into a used one and step out of a brand new one that I went there for. This was my wife and myself first yacht or like I'd like to call it boat. And I had nothing but trouble with it. Since it was such a great price I did not bother to have it surveyed. I figured anything that had broke I would just fix it. After two separate incidents of having engine fires and a broker not willing to work with me I decided to buy a new one. The only good part since I did not pay a large sum of money I wasn't out a lot compared to what I would have if I had bought new. Since then I have had both new and used. I just learned my lesson on who I buy from and new or used I have it inspected. One big advantage to a used boat is that if you take the same money you were going to spend on new you can get a lot more boat. And my circumstance that doesn't matter. I am only sticking to one that I can control. I do not hire a captain for any of my boats. Great video look forward to seeing more.

Okay it's time for a more upper middle class video lol. Is "fractional ownership" a thing in the yachting world? If so how does fractional ownership compare to just chartering? This question is coming from someone interested in having access to a luxury yacht for no more than about 60 days per year on something EXACTLY like the pershing 9x but just don't have the budget for an outright purchase. Can you do a video for that speaks to those of us who aren't super rich but still want the option to enjoy yachting?

Anyone with the money to purchase a Yacht verses a Boat should be smart enough to understand the serious losses involved with Pleasure Craft. As a Tax write off only personal Jets offset Tax liability like Yachts.

I would imagine that there would be extended warranties that you can purchase. Or am I off point? Great video. First time on this channel and subscribed.

Really enjoyed this video. Not sure why, the best I can hope to afford is a piece of driftwood.

I watched this and then thought a few minutes before replying. I have a couple questions and an observation from my specific point of view. when I buy I will want a trideck and need a steel ice class hull with a minimum of 3000 mile range and want 4k+ range. Not paper range but real world after reserves. I also prefer the older more classic interiors. Darker gloss woods, matching cloth, and most important, she will have very comfortable crew areas.the yacht will see ice and will see tropics. I intend for her to go to sea and take me to see the world. Truely see the world. She won't be a party boat. I am afraid that buying used and turning her into what I want may approach the cost of new. But that's where you come in. Do these realistcally exist on the used market? Am I right in my assumption about price? And last, in one instance I disagree with the lottery statement. For younger winners I agree. Absolutely. But for older winners or winners with failing health i would say why not? Put money back for when you are done travelling but enjoy the rest. You cannot take anything with you so go. Enjoy. Make memories for when you can't. Buy a boat, use her for 4 or 5 years, sell her. Give half to charity and buy a comfortable place to relax and enjoy the final years. That's how I would do it. I was healthy up to the years between 50 and 60. Those years hit me hard so I'm thinking by 65 I will have to do this or not at all because of the combined age and failing health. This is just my point of view and not nessisarily right, or wrong. Thank you and have fun!

What about chartering? If you bought a used yacht, and chartered it full time (if it were that easy), then would that pay for the yearly running costs and repairs of a yacht?

What pourcentage do you get selling a yacht as a yacht broker?

I would choose both! ...before i wake up.

I always imagine that having a 65 meter yacht as my personal home several months of the year can be offset by renting/leasing it out for a while to those who can afford it. That way you can recoup some of the expenses....no?

I understand the comments made about the winning of the lottery and buying a yacht being potentially stupid due to the running costs but its surely not as simple as that, people dont seem to think it through further than that.. if a yacht is 10m and lets say it costs 2m a year to run which it shouldn’t but for sake of argument lets say 20%, if i won 100m on the lotto and bought a yacht.. id have 90m to spend on running, or otherwise id have 90m to invest, even in a bank at 2% interest will pay me nearly 2m a year in interest and id theoretically never touch the lotto earnings.. the reality of this argument is that theres plenty more ways to invest money at over 5%.. thus solving the issue??