10. The Buyback Rate is Ridiculous
Unlike buying a luxurious house, buying an expensive yacht is not a form of investment. It is not even close. Because the price of used yacht will go down very low.
According to Forbes, averagely, used yachts are sold 40% or less than the initial price regardless the time of usage. That is extremely low compared to other luxurious vehicles such as sport car.
Not to mention the money you spent on maintaining the yacht itself. Reselling it will be a big lost even though you bought it with a buyback contract.
Even if you are sure about owning a yacht, the one you buy may not end up as the one you want for the rest of your life. Just look back and think about how many cellphones you have bought since your first one.
