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If you’re looking for a Miami yacht charter source, you already know The Advantaged is the best in the business. But did you know that we’re also a great source for buying yachts as an investment, too? Read more about this topic.
Have you discovered the joys of cruising the waves with the yacht Florida scene? Are you now considering purchasing a luxury yacht of your very own? Luxury yachts are an amazing investment for the long haul, and for many reasons. There are a lot of benefits to owning your own luxury yacht that make them a wise purchase, a fun purchase, and a purchase you’ll treasure for years. Buying a yacht in Florida is a legacy move. It’s about more than just status, though. It’ll become a place where you’ll spend most of your free time, whether it’s for leisure, sport, entertaining, or something else. Yachting is a passion and people who own yachts belong to an exclusive section of society that not just anyone can access.
So, in this blog post, we will discuss 5 reasons why yachts are an amazing luxury investment.
5 Reasons Why Yachts are a Good Investment
Maintenance
Yes, you read that right. Though the narrative tends to be that yachts are high-maintenance, the maintenance you do to keep your vessel running is well worth it. Maintenance on a yacht is an on-going process that will help it keep its value and help you use your yacht as a revenue-generating investment tool.
This is a big difference here. Although it may require a lot of maintenance, that maintenance has a return. You don’t see this as much with other large luxury purchases, and the returns can be tremendous on a luxury yacht charter.
Prices Rising Sustainably
Amazingly, yacht prices have continued to rise steadily over time after purchase, with some models increasing by more than 100% in value from when they were first sold 10 years ago. This is a tremendous incentive for investors and a big reason why yachts are being sold at a break-neck pace.
Money for investments should be allocated to places where prices will rise, not fall, even with an asset that ages. Much like home values, the market demand and how you take care of and improve your luxury yacht could potentially provide a huge return on investment in just a few short years.
Increasing Demand
Demand for luxury yachts has been steadily rising over the past decade, as well, and has hit hyperdrive over the past two years. So many yachts are being ordered right now that producing them at a rate that meets demand has been a challenge.
This is great news for those looking at investing in a yacht, especially if you might want a luxury yacht to charter in Miami. With inflation rising, luxury yachts are an excellent way to hedge against the rising costs of other types of luxury living.
Longevity
Luxury yachts can provide an extremely rewarding return on investment when purchased at a reasonable price and well maintained over time. Luxury yachts in particular often hold their value very well. It’s not uncommon for luxury yachts to go up steeply in value, especially if they’ve been well kept and improved on.
There’s a fantastic market for used yachts, particularly in the luxury yacht charter Miami market. Companies that charter yachts are always looking to add inventory to their fleets, and after years of use, you can potentially make good money selling yours, whether you want to buy a newer one or not.
Fun
That’s right, fun! An investment doesn’t just have to be about ROI or hedging inflation. It can also be about having fun and enjoying your purchase. Buying a yacht is one of the most fun things you can do with your money. You get to use it as often as you want for years and years of relaxing at sea. When it’s not in use, you can rent it out or charter it to others who will love using it as much as you have.
The Advantaged is the Best Miami Yacht Charter
Looking for a luxury yacht charter in Miami? Looking to buy a yacht as an investment for the long haul? Look no further than The Advantaged. We have the best fleet, best sales inventory, and a team with nearly two decades of experience. Contact us here to learn more, and let’s talk!