A common misconception is that a privately owned sailing yacht is a better buy than that of the same aged charter yacht, 10 years ago this may have been the case, today however, things have changed.
In Greece especially, the quality of the charter fleets has increased dramatically largely due to the subsidies awarded to charter companies when purchasing new build yachts. This has resulted in fully functioning brand new fleets that are being renewed every 5 years. These yachts by law have weekly maintenance schedules for the charterer’s safety, in comparison to the attention a private yachts gets which is maybe once a year, after 10 years the difference will show in teak, gel-coat and rigging quality.Yes the charter yacht will have more use and certainly more hours on the engine but with regular servicing and constant preventative maintenance the life span will compete if not supersede that of a semi used private vessel.
A new build yacht is a great option if you are privileged enough to be able to afford it, of course with any piece of new equipment there will be faults that need to be ironed out. Your job as a new boat owner is to try and minimize these problems before you family finds out and makes you return her. This is the on-going struggle. When buying a second hand yacht any issues are normally more obvious as the previous owner can offer assistance, whereas a new build yacht is much harder to diagnose which is why having a good surveyor on hand is essential.