Buying ex charter boat - how much would you offer?

The couple I saw I'm sure we're well maintained, but it tends to be the interior which shows the heavy use, and that can be quite expensive to rectify. No problem if it doesn't bother you.
 
wonkywinch said:
In aviation, we call this confirmation bias and it is generally considered "a bad thing".

Confirmation bias - Wikipedia
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Why have Management Consultants, to the aviation industry, feel the need to adopt a fancy title for which most of us would use 'cherry picking'?

Given the opportunity - cherry picking offers you the best fruit (or all of it) - which might be selfish, but ignoring that - it would be "a good thing"

:)

Jonathan
 
Neeves said:
Why have Management Consultants, to the aviation industry, feel the need to adopt a fancy title for which most of us would use 'cherry picking'?

Given the opportunity - cherry picking offers you the best fruit (or all of it) - which might be selfish, but ignoring that - it would be "a good thing"

:)

Jonathan
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Actually, it's a standard concept in statistical analysis.
 
Irish Rover said:
Thanks. That pretty much accords with my own view. 10% more or less won't make or break me and getting a boat that has been reasonably well looked after is more important to me. I imagine the owner will have got some kind of survey done at the end of the lease arrangement and I'm hoping to get sight of that. The charter company have also been fairly forthcoming with maintenance records even before I go to meet them.
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The contract I had specified what would happen at the end in terms of the condition of the boat and process. Essentially a final inspection that everything was working, engine fully serviced and all the inventory was present. A bit short of a survey - for example the boat was not lifted for inspection so I paid a diver to check and viewed his inspection on screen - but was carried out against a check list.

It is a bit like car rentals, the business model is based on replacing boats in the fleet every 5 years or so and moving the retired boats on quickly is essential. Obviously less pressure when the boat is privately owned but the same principle as investing owners need to feel confident about getting their money back.
 
It sounds like you have your head around this already, but for what its worth:-

We have a yacht and sail frequently in the Ionian. There are loads of charter and ex-charter boats around Preveza/Nidri. From discussions with a high-end charter company there, re disposals, staff that have worked at various charter companies, and 2 local engineers.

If you know the area/marina in question, find a local engineer for a quick cheap survey. Chances they might know the yacht, or extract its history over a beer.

There are a few charter companies who have excellent service pedigree.
If their pledge and reviews is/are excellence, then it probably has been better maintained than many private yachts.
The other crowd are well known...

Having looked into this, and bought an ex-charter (we charted it first),
If anything significant has been replaced (ie sails), then it has likely been cared for.
If nothing new, walk way, as that ups the level of uncertainty. There is plenty of choice out there.

So, to your question.
If its a decent boat (survey), and well cared for, then the seller/agent will be looking for their asking price.
If they were to agree (say) 20%, then you probably wouldnt want it.
I understand this to be the case for both Selymar and Bach, but ofcourse depends who was operating the charter maintenance.

If, by any chance, the yacht in question is based (very near) Nidri, then youre welcome to PM me.
 
Airscrew said:
It sounds like you have your head around this already, but for what its worth:-

We have a yacht and sail frequently in the Ionian. There are loads of charter and ex-charter boats around Preveza/Nidri. From discussions with a high-end charter company there, re disposals, staff that have worked at various charter companies, and 2 local engineers.

If you know the area/marina in question, find a local engineer for a quick cheap survey. Chances they might know the yacht, or extract its history over a beer.

There are a few charter companies who have excellent service pedigree.
If their pledge and reviews is/are excellence, then it probably has been better maintained than many private yachts.
The other crowd are well known...

Having looked into this, and bought an ex-charter (we charted it first),
If anything significant has been replaced (ie sails), then it has likely been cared for.
If nothing new, walk way, as that ups the level of uncertainty. There is plenty of choice out there.

So, to your question.
If its a decent boat (survey), and well cared for, then the seller/agent will be looking for their asking price.
If they were to agree (say) 20%, then you probably wouldnt want it.
I understand this to be the case for both Selymar and Bach, but ofcourse depends who was operating the charter maintenance.

If, by any chance, the yacht in question is based (very near) Nidri, then youre welcome to PM me.
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Thanks. It's not in Greece but it is with one of the bigger international charter companies which gives me a degree of confidence.
 
Irish Rover said:
I'm going to look at a boat this week which is being offered by the brokers attached to the charter company. As far as I know, the boat was bought new by a private buyer and leased to the charter company. The lease arrangement has finished and the charter company are now selling on behalf of the owner [the charter company are still the registered owners] VAT is not paid and I assume the owner who is an EU resident would have to pay the VAT if he wants to take possession of the boat.
My question - assuming I like the boat and subject to survey, sea trial etc how much below asking should I offer - 5, 10, 15, 20%?
PS - I don't want to give any more details just now as I discovered a couple of years ago that a company I asked questions about were actually reading this forum.
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I think you are asking the impossible without more detail.

Some charter yachts come from respected brands and have a good reputation. Other yachts, and I'm thinking specifically of multihulls also come from respected yards (well sort of) and have terrible reputations. Looking at your current yacht you maybe looking at another multi and there are specific 'things' to look at for multis, different issues with different brands, that might be ignored with a mono.

I appreciate your reticence - but it limits the value, sorry focus, of the replies.

I note that your current yacht is mastless. :). Many multis come as a motor or sail version - but the issues, if any, will be similar in both

Jonathan
 
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