I've bought a boat which is still to be delivered in March. I gave it to charter for 2008 season and having gone through this experience I can give you some clue..
1-Whereever you are, larger, newer boats sell better. There is less competition, more demand. Hence, you get better return on yr investment. Checking the bookings of my charter company, I see that boats like Jeanneau
54 DS, Salina 48, etc. are almost fully booked already with an average weekly price
of 5-6.000 €.. I assume that their owners are also having special deals with the charter company, ie. are getting higher percentage of income
. (here, the general practice is that the charter company gets 18% commission + 20 % agency fee. Super boats are probably paying 15 or 16 % commission instead of 18%..)
37 ft monohull
will have a very little chance of even covering her expenses..Moreover, these boats are most likely sold out with further discounts (last minute, etc..) which are charged back to the owner. So, in my view, a useless operation..
2-For a cat in charter, obviously 4 cabins are prefered over owners version. I knew that and yet ordered a owners version. That's why the weekly price of my brand new Orana
is almost equal to 5 years old 4 cabins Belize
. They are both selling well. On top, at least for FP's, owners versions cost 10 to 20.000 USD more. So, if yr primarey objective is to make money
, you better call for quattro (4 cabin
3-The last point.. If you intend to give yr boat to charter, make sure that they do take good care of yr boat and their own operations. See how they do their check in and out. Do they properly check every part of the boat every time with care ? Do hey have appropriate technical staff ? Do they screen
their customers or just let the boat go with whoever claims to be competent for taking the boat out ? Check out some of the boats who stayed with them for 5-8 years in charter..
If everything goes right, a 300-350.000 € worth boat, under the management of decent charter company might pay off in 4-6 years while in the meantime you can enjoy yr boat couple weeks in the season and lot more out of season. I said "if everthing goes right"..Inevitably, there will be bad seasons, bad wheathers, some abusing charterers, etc. You will have to accept these risks upfront. After all, there is no free lunch...
To summarize, if you have that much money
but not much time to fully enjoy yr boat and you still want to have yr own boat, that's the way to go. Otherwise, chartering a boat couple of weeks every year is another alternative. Third alternative (I understand that's what most forumers are doing) is to buy somewhat smaller or older boat and keep it for yourself..
If you have even more money, there is 4th option as well; buy whatever you can, don't give anybody, keep it the marina 50 weeks out of 52 and pay for the expenses..