Envoy is berthed in
Greece's Lefkas Marina and we're home in Auckland. Circumstances
prevent us returning to cruise in the Med this year.
Bigger isn't necessarily better - this vessel uses about 700 litres/hr of diesel compared with Envoy's 8 litres/hr
Should I buy new or pre-owned?
Some owners prefer taking delivery of a brand new vessel for the pleasure of specifying a vessel suited exactly to their requirements; having a choice of engineering, layout, equipment brands and furnishings; having a manufacturer’s warranty and benefiting from lower maintenance costs.
However people purchasing new in expectation of having no problems are often disappointed as many new boats seem to need quite a few miles cruising and some months to resolve initial teething issues. How well such issues are eventually resolved depends on the commitment of the manufacturer and to some extent how far you are away from their home base.
Other buyers prefer to purchase a pre-owned vessel for the benefits of immediate availability (there is generally a wait for new vessels), lower investment cost, lower initial depreciation cost and the fact that she's tried and tested with more equipment, spare parts, tools, chandlery, bedding, galley utensils etc included in the price.
Should I buy direct or use a broker?
The majority of pre-owned boats are listed with brokers. An experienced broker can provide valuable assistance in finding the ideal boat for your circumstances and negotiating a deal with the seller. The seller pays the broker’s commission so there's no disadvantage for the buyer.
If you are not using a reputable broker be very cautious about paying money without robust safeguards in place as buyers have been known to transfer significant sums to scammers posing as vendors.
In a week we'll publish the last part of this article dealing with equipment desirable for cruising.
This is the third part of
an article we wrote published in Australasia's Pacific PassageMaker
magazine about starting the live-aboard cruising life.
From the last two
articles you understand life's time clock is ticking so do it now
rather than later.
Also that most potential
cruisers face some fears and how to overcome them as well as dealing
with some of the practical issues that need to be considered.
BUYING YOUR LIVE-ABOARD VESSEL
The new and pre-owned boat
market still favours buyers and there is ample choice available.
Most
types of boat are suited to cruising the Med - we even met one German
couple living on a six metre outboard-powered trailer boat which had
cruised all the way from Germany down the Rhine and Danube rivers to
the Black Sea and Turkey, then through the Dardanelles, across the
Aegean Sea and through the Gulf of Corinth to Greece's Ionian Sea.
Happy guitar playing skipper with his six metre live-aboard
However the majority of live-aboards are found on sailing yachts or catamarans, mostly up to about 14 metres.
Happy guitar playing skipper with his six metre live-aboard
However the majority of live-aboards are found on sailing yachts or catamarans, mostly up to about 14 metres.
Generally the ideal vessel is the smallest one that will suit all of your needs. The larger vessel you have the greater will be the capital costs, the repairs and maintenance, fuel, insurance, berthage etc. In addition larger vessels are more restricted when it comes to what anchorages and harbours they can enter. From our observations many vessels over about 55 ft have some full time crew and in fact we see many boats well under that size professionally skippered and/or crewed.
Bigger isn't necessarily better - this vessel uses about 700 litres/hr of diesel compared with Envoy's 8 litres/hr
We opted to buy a heavy displacement monohulled
passagemaker to provide future options for long-range cruising and
after visiting Nordhavn in Dana Point decided on a 46, which in our
view still has the best sleek and classic lines without the slightly
“top-heavy” appearance of some subsequent models.
The N46 has sleek classic lines
The N46 has sleek classic lines
But everybody's tastes are
different so do your own research by reading, visiting cruisers'
blogs, checking out different boats and talking with live-aboard
cruisers.
Consider the location of vessels for sale relative to
your intended cruising area. We wanted to use our boat in the Med so
primarily looked at vessels located in Europe, in 2006 buying Envoy
which had participated in the Atlantic Rally and was then located in
Ostia, Italy.
Allied to the location issue is the complex one of
port of registry, particularly if local taxes haven't been paid.
Envoy was USA registered with EU VAT unpaid and we changed her to New
Zealand registered so she can remain in EU waters up to 18 months at
a time without paying VAT. Before 18 months expires it's only
necessary to leave EU waters for a few days (the actual period is not
defined) to re-set the 18 month clock, which can be extended by
placing your vessel in Customs bond while wintering over. However
specialist advice should be obtained for each set of circumstances
ensuring the vessel is unencumbered and that correct documentary
procedures are followed to minimise liabilities.
Familiarise
yourself with other relevant regulations such as the Schengen Treaty
which currently limits visits by New Zealand passport holders to
three months in each treaty member country and most other non EU
passport holders to three months total in all member countries (most
EU countries are members). Of course if you hold an EU passport you
won't face this time restriction.
Turkey,
Croatia and Albania require cruisers to use agents for clearing-in
and out. Even where this is not required it’s a good idea to use
agents as they have useful contacts and may be able to offer advice
on extending your stay and minimising your obligations.
Spend some time with the boat’s
previous owner to gain detailed knowledge of its operation, systems,
maintenance and spare parts requirements.
Some owners prefer taking delivery of a brand new vessel for the pleasure of specifying a vessel suited exactly to their requirements; having a choice of engineering, layout, equipment brands and furnishings; having a manufacturer’s warranty and benefiting from lower maintenance costs.
However people purchasing new in expectation of having no problems are often disappointed as many new boats seem to need quite a few miles cruising and some months to resolve initial teething issues. How well such issues are eventually resolved depends on the commitment of the manufacturer and to some extent how far you are away from their home base.
Other buyers prefer to purchase a pre-owned vessel for the benefits of immediate availability (there is generally a wait for new vessels), lower investment cost, lower initial depreciation cost and the fact that she's tried and tested with more equipment, spare parts, tools, chandlery, bedding, galley utensils etc included in the price.
Should I buy direct or use a broker?
The majority of pre-owned boats are listed with brokers. An experienced broker can provide valuable assistance in finding the ideal boat for your circumstances and negotiating a deal with the seller. The seller pays the broker’s commission so there's no disadvantage for the buyer.
If you are not using a reputable broker be very cautious about paying money without robust safeguards in place as buyers have been known to transfer significant sums to scammers posing as vendors.
In a week we'll publish the last part of this article dealing with equipment desirable for cruising.