How Much Does a 60 Foot Catamaran Cost?
Looking for a large catamaran for sale? That’s great, except for the one math problem that almost no boat owner ever wants to calculate: cost of ownership divided by actual days spent sailing. This is the problem you need to solve. If you are looking for a guide, we are here to tell you that a large catamaran is a depreciating asset and that owning a charter boat is more a lifestyle choice than a financial investment. Nevertheless, if you love sailing and love traveling and you know that for the next 5-6 years at least, you won’t be able to devote more than 4 or 8, maybe even 12 weeks to it, investing in 55ft, 58ft or 60ft catamaran will largely balance the cost of owning it.
What Do You Need to Know When Buying a Catamaran?
There are a few key things you need to be careful about before you decide to buy some of the large catamaran sailboats:
Knowing that Asking and Sales Price Won’t Always Be The Same
There is no typical percentage that a seller will negotiate off their asking price. In some cases, the seller may accept the offer at 50% of their total asking price. In other cases, they would not negotiate off their asking price at all.
However, when it comes to day charter catamaran for sale, asking price does not mean a lot. This is since the most important thing according to market dynamics and the condition of the vessel is the True Market Value of the given yacht. You can define the True Market Value of a given yacht by having your broker perform a personal inspection of the yacht and having them compare it with other yachts that are currently for sale on the market.
Payment for Survey and Haul Out
One more thing you need to know when looking for 60 foot catamaran sailboat for sale is that you have to arrange payment for the survey and haul of the boat. One more information that is of great importance is that the yearly insurance on the boat will run on average at about 1.5% of the value of the boat. This is as the cost of insuring a catamaran is based on hull value, location, and type of use of the vessel.
The Charter Price is Huge
What is important to know when you think of 60-foot catamaran for sale is that the annual insurance cost for owning large catamarans usually costs from 0.9% – 2% of the hull value, depends on the region.
There is Also Insurance for Ocean Crossing
There is an additional “One Time Crossing Fee” which will cost you from $500 – $1,000 USD. Pacific Ocean crossings may raise your annual insurance rates. The yearly price of dockage will depend on how often you are at the docks indeed. This means that if you are able to anchor out, there is little to no cost involved. If you stay on the docks, the cost will rise quickly.
Is it Better to Buy or to Rent?
Buying and renting 60fb catamaran has its own pros and cons. One of the things you should consider is that buying a catamaran will cost you much more than just renting the boat whenever you need it, however, you will never have the full feeling of ownership. If you rent a large catamaran you will avoid the regular maintenance chores or deal with taxes. So, what is it going to be? Did you decide to buy a catamaran or rent one?