7. Its Maintenance is Costly
Every vehicle needs to be maintained. Even the smallest boat needs it. Let alone your big luxurious yacht.
Some people say that boat’s maintenance costs higher compared to other vehicles. Those people come up with the idea of BOAT as the abbreviation of Boasting Out Another Thousand.
The good news is you can get free maintenance service from the yacht manufacturers for some period of time. The bad news is they have taken the service fee from the yacht’s value. So, you are paying the maintenance cost anyway. Bentley Collins of Sabre Yacht says to budget 10% of the yacht’s value to cover additional expenses, maintenance has a big part in that percentage.
Why is yacht maintenance so costly? Well, there are a lot of things to cover, such as vessel care ventilation, bilge control and discharge, engine ignition, generator ignition, and the list goes on.
