Try Our New Live Stream - https://goo.gl/ykUUkX http://fb.com/dancestartv @dancestartv EXPERIENCE JUNKIE Buying A Super Yacht Twitter:@A3Network. Yachts are the ultimate toy for the uber-rich. They can boast everything from a Jacuzzi to a helipad. But what does it take to own a mega yacht, other than wads of cash? We tracked down yacht brokers to find out what you need to know before purchasing your dream vessel. Rupert Connor, president of the Luxury Yacht Group in Ft. Lauderdale, told us that, among other things, future yacht owners should seek the advice of friends who own yachts and they need to remember to keep their emotions in check. And keep in mind, you can either buy a brand-new yacht and design it yourself, or you can save some dough and buy a pre-owned vessel. Total customization might not be the best option While you can completely customize your yacht and build it from the ground up, Connor recommends going the semi-custom route. The ship yard will already have a construction plan in mind and then you can customize from there. Following the experts' advice will save money in the long run With the semi-customization route, the base engineering of the boat has already been built by a proven ship yard, meaning there will likely be fewer operational concerns. "Personally for us, we like to go for something that has a proven track record," Connor said of his brokerage firm. One design choice will affect the entire process Be aware of what Connor calls "the design spiral" when buying a new yacht. If you decide you want a boat that can travel 20 knots, make sure you know it will burn about four times more fuel than a 12-knot boat. And, the faster boat will have less room for all your fancy toys. Saving time means sacrificing design control If you choose to buy a brokerage, or pre-owned boat, you won't get as many customization options. However, the lead time, the time it takes for you to take possession of the vessel, will be much shorter. But buying a brokerage boat involves a bit more work When buying a used yacht, there are a few more steps involved. First you negotiate the price with the seller. Read more: http://www.businessinsider.com/lookin...
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