Buying guide

Buying a yacht: guide and FAQ

What yacht buyers should know: running costs, the MOA and deposit, surveys, sea trials, flag state and VAT status.

Motor yachts, sailing yachts, superyachts and explorer vessels offered by yacht brokers and dealers worldwide. Each listing shows the key specifications, such as length overall, year, builder, guests, cabins and cruising area.

Enquiries go directly to the listing broker, who arranges viewings, surveys and sea trials. LuxuryBroker.com charges buyers nothing and takes no commission.

Frequently asked questions

What is the difference between a yacht and a superyacht?

There is no legal definition. In the industry, "superyacht" usually means a professionally crewed yacht of about 24 metres (79 feet) or more in length.

How much does it cost to run a yacht?

A common rule of thumb is annual running costs of around 10% of the purchase price, covering crew, berthing, insurance, maintenance, fuel and refits. The actual figure varies widely with size, age, cruising plans and whether the yacht is chartered out.

How does buying a yacht through a broker work?

Once you agree on a price, buyer and seller usually sign a Memorandum of Agreement (MOA) and the buyer pays a deposit, often 10%, held in escrow. The sale is completed after a satisfactory survey and sea trial, with a bill of sale and the transfer of registration.

What are a pre-purchase survey and a sea trial?

An independent marine surveyor inspects the hull, machinery and systems, and the sea trial tests the yacht under way. The buyer normally pays for both. Findings can be used to renegotiate or to withdraw within the terms of the MOA.

Why do the flag and the VAT status matter?

The flag state determines registration, safety rules and crew requirements. In the EU, a yacht's VAT status affects whether it can be used privately in EU waters without paying VAT on import. A maritime lawyer or tax advisor should check both before you buy.

Does LuxuryBroker.com charge buyers a fee or commission?

No. Browsing, enquiries, search alerts and the Off-Market Desk are free for buyers, and LuxuryBroker.com takes no commission on any sale. Listing brokers pay a monthly fee per listing. Any fee for the broker's own services is agreed directly between you and the broker.

Can I be notified about new yachts?

Yes. On any category or search results page, choose "Get new listings for this search by email" and enter your email address. After you confirm, you receive at most one email per day when new matching listings go online, and you can stop it with one click.

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