Trading in Your Yacht

How to Upgrade to a New Yacht Using Your Old Yacht

Boat Ownership is very similar to car ownership in that in a few years newer models with more features become available in the market. Boat owners may find that even though their yacht has a timeless design that the newer technology and features are worth investing in. For those seeking to upgrade, the financial commitment of purchasing a second boat may be too high. However, you may be able to finance your yacht by trading in your current vessel.

The Equity in Your Current Yacht

When you originally purchased your vessel your asset acquired a level of equity which could be used just like any other asset when seeking a credit line or financing. Yacht owners should understand that the purchase price is not the equity of the vessel. The equity is determined by calculating the fare market value of the yacht to the use and wear on the boat. This value can be used when trading in your yacht as either the down payment or toward the principle of the purchase in most cases.

Please note that the depreciation value of your yacht as well as the age will greatly affect the value of your trade in.

How Much is Your Trade in Worth?

Typically, our perceived value of our yachts and the realistic book value of the yacht are two different things. Where packaging and upgrades do help to increase the ROI, one should not assume that they know the maximum or minimum value of their yacht without consulting a broker. Using a broker, or at least consulting a auditor/inspector to appraise your yacht is a far more efficient way to know the true trade in value of your craft.

Getting Your Yacht Ready to Trade In

When preparing to trade your yacht in for a newer model or to finance a new yacht one should take the same due diligence as they would selling the vessel outright. This means that the deck should be clean, that any necessary repairs be made, that high quality or HD pictures be taken of the vessel, and that all documentation and reports be made available. If you are unsure about how to prepare your yacht for listing/trading in please see our article in the service section to get assistance.

Where to Trade in Your Yacht

If you are a boat owner seeking to purchase a new vessel you may find a higher trade in value when using Vessel Vendor. Vessel Vendor specializes in the sale of pre-owned yachts to qualified buyers from enthusiastic listers. Our site offers the top manufacturers in the yacht industry, as well as both newer and older models from these manufacturers. Additionally, we have several options to pair you with lenders and financers so that you can find the best option for trading in your yacht.

Do you wish to sell your current yacht and use the profits to buy a new vessel? Great, our listing platform guide you in selling your yacht to people who are seeking the features, make, and model of your boat.