anyone know anything about yachts / sailing ?

part of a local used boat group on Facebook and a guy is offering a 2001 Bavaria 40ft for GBP 40k, looks to be in extremely good condition, cant find anything similar for less than GBP 50k (But more towards GBP 60k range) on the internet, and the interior on this one is a lot nicer than others. priced for a quick sale. I've offered 30k but I don't even know how to sale, just been thinking about it recently and thought this sounded like a good price.

thoughts? considerations?

thx

 

Boats are a giant money pit.  How does this thing look, since fiberglass work is a nightmare?  I've tried to own a cheap Hobie 16 and it was a nightmare.  Trust me on being skittish.  My boat didn't even need a slip, and I could tow it with my Miata, and it was still a nightmare.

The only difference between Asset Management and Investment Research is assets. I generally see somebody I know on TV on Bloomberg/CNBC etc. once or twice a week. This sounds cool, until I remind myself that I see somebody I know on ESPN five days a week.
 

My father in law owned a relatively large boat when my wife was younger. He likes the say that the 2 happiest moments in the life of a boat owner is the day you bought the boat and the day you sell it! Honestly, i'm lucky to have a few family member really into sailing, including an uncle who built by hand a 50-footer and it really has to be something you are extremely passionate about because it's a HUGE time and money commitment. I would encourage you to get some more info on operating costs, you'd be really surprised on much a dock, marina fees, maintenance, etc can run every year. I would also definitely take sailing lessons before you commit. Very easy to find clubs that run some classes and have boats for rent, do this before a couple of years to really confirm you love it. 

 

Agree that boats, especially big ones, can be huge time and money pits. Look before you leap.

If you want to get into sailing, the best way to do it is to crew for other people who own boats. Try to get some of the basic skills either by going out with people you know or taking some lessons. Then, when you're not totally a novice, see if you can connect with people who race at local yacht clubs. Often some of them need a crew (say a guy who races in some two-person class of boat but his wife doesn't like sailing). Then you can get to know some of the other sailors and maybe crew for them too. Gradually you'll get quite a bit of experience without spending almost any money. You just need to be willing to put in the time. Then, later, you can buy something.

 

My bro has helped sail in some regattas and used to have a tiny sail boat (a dingy) he used to sail in Chesapeake Bay. Seems like a solid cool hobby, but a ton of effort if you aren’t going to do it a lot (IMO). Also a little dangerous if you don’t know what you’re doing, especially if you’re in extremely busy shipping lanes like my brother was.

There are often times sailing clubs you can try to see if its something you really enjoy (at least pre-covid).

 
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Take it from a current boat (non sailboat) owner and someone who has sailed quite a bit… what you are describing does not make sense. Do you have any sailing experience? Do you have the skills or ability to captain a 40ft sailing yacht? It takes a certain personality, everyone wants to be the one behind the wheel until sh*t starts going sideways on the water. What I have found is that most people love it when all the hard work is done and it is point and shoot sailing/boating.

Also, a 40ft boat is a lot of boat which means that you’ll likely need at least 2-3 people to sail with you unless you are a stud, but more than likely relying on others to go with you will limit how much you actually use it. Do you plan on spending several nights at a time on this vessel? A 40ft vessel is what you would sail down the coast with or go to Bermuda, not something that you would generally take for an evening sunset cruise while clinking champagne flutes on the deck. Heck you could take a 40ft vessel across the Atlantic. Point being, get a smaller boat (Flying Scott for day sailing or a 23-25ft Hunter/Catalina)

 It doesn’t sound like you have much boating experience in general and learning how to operate a 40ft sailing yacht is not as easy or graceful as the movies make it seem. I’d recommend going to a sailing school (i.e. Captiva Sailing School in Florida), it’ll be an interactive vacation and you’ll learn some basics but more importantly you’ll learn if this lifestyle/hobby is for you.

Also, even if you purchase at a steep discount you won’t flip a boat like that for a profit once you consider operating expense, slip fees, maintenance, etc. But then again the used boat market is idiotic right now with COVID so I could be wrong.

Don’t take offense to this, I’m not trying to be harsh just being frank and sounds like most of the advice is from people with no personal experience. Get some experience and then look into joining a sailing or boating club where you can have access to a fleet and don’t have the headaches that come with boat ownership. After all that, then I’d consider a purchase. It’s a great hobby but just know what you are getting into.

 

no no I understand. I dont have much experience, only a few days sailing as an off-site event, and I was thinking of doing a crash course. I follow you tubers who done something similar (sailing la vagabond YouTube interesting channel). I live in the UK so I'd be taking a few weeks off to go to Spain/France and back. Maybe Mediterranean. 

 

Bavaria's are like entry-level rung for that kind of boat. Not super exciting but does the job, you get what you pay for, although you are paying a lot already so you are getting a decent boat.

This said, if you are going to buy a boat, the only real way to make it work is to rent it out, and Bavaria's are the most popular boats out there for that, anything in the 40' to 50' range.

My advice would be to do the math. Unless you plan on sailing an absurd amount, you are probably better off leasing, in which case you can look for something more exciting (Beneteau First perhaps?). But if you will be sailing every other weekend or maybe a monthly basis, that Bavaria might make sense.

 

mate, that is a sick idea to rent it out. I am going to look in to that.

the reason I'm asking about this Bavaria in particular is because I seen this guy is a sailing instructor (or similar) and I'm assuming he's out of business because the vessel is 'priced to sell' and a 'reluctant sell', which I believe given the price to regular market value. also, there's been a 4 week lockdown in the UK so I'm assuming it's going to be hard to get it surveyed. and I did some snooping and found this dude lives far away from where it's moored, technically shouldn't be travelling unless essential. 

I've seen a few beneteaus as well. very similar. and recommended for beginners too.

 

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