Buy or build?
Whether you buy an existing superyacht or commission a large new build, both are rewarding experiences if managed properly. Each process offers certain advantages over the other, but the conclusion is always a very happy new Owner, which we find remains constant!
Owning a yacht is expensive and ideally the cost of a yacht should remain in the region of 5–10% of the available wealth. For those who are in the luxurious position to have the necessary financial power, a yacht is the ultimate escape. Currently, the existing yacht market is a buyer’s market, clients see the advantage of buying existing yachts or projects at attractive prices.
Today, a new build can offer huge rewards. Shipyards have available capacity and the yacht construction industry as a whole is eager for new projects. As never before, designers have exciting visualisation possibilities. Supported by years of experience and vast knowledge, new ideas and technologies are preparing the path into the future. With the right team, building your dream yacht is tremendous fun and immensely satisfying.
Buying an existing yacht offers:
- immediate availability
- financial saving
- a track record
- a base for refit.
Building a new yacht offers:
- scope for high degree of customisation (or even complete design control)
- an opportunity to innovate and use the latest technology
- the experience of building your dream yacht
- unlimited choice.
Immediate availability: The entire purchase process (from selection to sea trials) may take just a few months or even weeks.
Track record available for review: For example, if you want to buy a yacht for charter, we can tell you which ones are popular with charter Clients. A yacht's logs can also give you an idea of its maintenance expenses.
Financial savings: An existing yacht for sale can often be bought for a lower price than a newly-built model or building one yourself. and sometimes during negotiations, it is easier to achieve financial savings. OCI understands the true worth of every yacht and will assist you to make a reasonable offer that gives real value for money.
Refit for the yacht of your dream: Refitting an existing yacht (tailoring it to your tastes and preferences) is both faster and more cost-efficient than building a new yacht, which can take years and great expense.
Scope for customisation or design control: From the outset you will have exciting choices to make in:
- Buying a proven design as showcased or having it customised
- Building a new yacht from inception and designed by the architect of your choice.
An opportunity to be innovative: The latest technology and design innovations are at the heart of today’s new-build yachts. Most designers and shipyards will take due care to ensure the functionality of the yacht’s systems meets your requirements..
The experience of building a yacht; Is a long process. Nevertheless, most yacht owners who decide to build their own yacht find it ultimately rewarding. The key to enjoying the experience in building your ideal yacht is ensuring you have a great build management team. There is no substitute in having a dedicated project manager overseeing your build at all times and OCI includes this service as part of our OCEAN Management team, who has an exemplary track record of new yacht builds.
Unlimited choice: Two phrases come to mind when building a yacht: 'The sky is the limit' and 'Good things come to those who wait'. Your broker and project manager will be available to you every step of the way, so that your decisions are well informed and correctly executed, concluding with you taking delivery of the yacht of your dreams!