These vids are absolutely great. Especially considering it's an opinion from a boat marketing industry professional. Anyone in the market for motor yachts will Love it! Thanks!
You showed the crew cabin - would someone really have crew in a boat of this size? Didn’t mention in costs..? Would surely be better use as garage for toys in my opinion
@Fred Basset Thank you. I know the Nordhavn specialist, very informative vids, but just so little content. Who is that technician you mentioned, if you don't mind sharing..
Unfortunately in the real world the depreciation is far greater than that, I was the skipper of a brand new Princess 65 flybridge yacht which cost us £1.1m and it arrived from the factory with 168 faults which took princess 3 years to put right. At the end of 3 years the boat was perfect and we sold her for £550,000. The owner had about 60 nights on board in all that time. They really are a huge hole in the water to throw your money into, but fabulous fun.
Wow, that was a lot to loose in 3 years. Just in depreciation that works out to 9,166 pound per night. Then you put your wage in, fuel, insurance etc that works out to a lot of money for one night. Spending all that money, it must have been an amazing amount of fun each night? You are right though, they are a huge hole in the water to throw your money into.
@@spacewalktraveller1 yes it does not make any sense to buy a new yacht, my advice would be to buy them at 5 years old when everything has been done to them all faults ironed out and lots of servicing has been done, they should still look new but for a third of the new price.
@@captaindave47 Thanks for the reply. I was surprised when you said the boat had 168 fault, I though Princess was a top notch boat builder and they took 3 years to fix the problems. I'll take your advise and get a second hand boat, otherwise you are throwing a lot of money away.
>>At the end of 3 years the boat was perfect and we sold her for £550,000 Was this during the 2008 financial crash or something? Was this part of a deal that might be partly money laundering? Similar models that are over 10 years old are currently going for a few hundred thousand more than that.
@@spacewalktraveller1 no it was before the financial crisis of 2008. We had it on the market for quite a while before accepting that offer, we were planning on buying a new 25 meter yacht but the owner for cancer and the family decided to get out of boating until they knew the outcome. I think that's why they took the low offer. It's always a buyer's market when it comes to boats.
This 60 and the 56 are by a absolute country mile the best value on the market for a family owner run boat! When you look at today's new boat prices this 60 and 56 are an absolute bargain! Both have kitchen and separate dianette plus a large saloon without it used as dinning like newer models that don't have a separate dianette seating! 3 great sized cabins beautifully crafted fast top speed if needed and fantastic outdoor space for summer! You can get into almost every marina! A lot of people don't realize A lot of marinas won't accept any boat over 60 feet! Princess boats don't age in the looks they are modern and elegant and timeless! Great video happy sailing all!! 🛥⚓and God bless all 🙏❤
Love all the information, presented in a very likeable manner! For a man who lives the furthest from the water in Northants I love to see all of your content, keep up the great work 👍🏼👏🏼👏🏼👏🏼
Lovely boat James. The tour was as indepth as always. The salon is very spacious but the flybridge is awesome. The highlight of the tour was the breakdown of costing. Very seldom talked about, (almost never). Appreciate the info and tour, Thanks. Cheers
Great video. Ive never seen a video talking about the costs in such detail. We all hear the silly figures of superyachts, so to see figures for 60ft boats is realistic. Out of interest, what is the ratio of your customers who buy in cash vs finance to purchase a typical 60ft Princess?
Well at that level it may be cheaper to buy on finance thereby maintaining your lump sum for investment at a higher rate of return rather than a boat of depreciating value.
Just stumbled across this channel/video. Never seen a walk-though of a boat where a "floss-test" is done. I'm sold. Subbed. Also you are very funny and enjoyable to watch and listen too. Keep it up. :)
Another informative tour James as always, it was both humorous and serious floss test and "shout" Windows included! It was nice of you to include the full cost of running a boat, not often seen by other yacht brokers James, must be a "first!"
Thank you so much, really good video and answered a lot of questions for me personally. Like a lot of posters here are saying “if I had the money, I would buy a boat from you” you are searing honest 😀
Can’t believe I’ve only just found this channel…. So glad I did! Been looking for a comprehensive view on costs of one of these boats for ages! So the 8-10% of boat value, which a lot of people mention seems true in this case. Here’s a question, which boats generally have the lowest % (of total value) running cost
Great Video and Great job explaining some of the costs, which I should point out are subjective. Obviously the fuel costs you mentioned would vary depending on how much cruising one does in a year. If you pay cash which I'm sure some people can do, then the financing and interest normally attached to it would be void. In North America as I am then berthing could be cheaper depending on the location and the Marina. Again some people might be berthing their yacht at their home which is located on the water front. Insurance I assume would also depend on whether you are a seasoned boater or new to the market. Having said all that I did like the fact that you gave your best attempt to make people more aware what the costs of ownership really are. Some things which I always look for which I think you didn't mention is; What is the beam length? What size is the black water and fresh water tanks. What is the cost of pumping out the black water tank? Thanks
excellent! So a $3M boat with a crew of 3... probably around 10%, 350-400k/yr... depending on how many engine hours and mooring costs, full time or part time crew...
Another top video James! I have to admit I’ve become addicted to your videos! Superb socks this time! I don’t think this would fit in Tollesbury Marina. All I need is a Riva Aquarama. That’ll do me!
Love the content! Keep it up, please could you do some more videos of taking different boats out on the water for a spin, I remember a few months back you took one up the river for a spin that was great! Thanks
Just subscribed because I'm considering buying a boat. You've shocked me with the annual running costs. I'm going to need to halve everything to afford to get on the water. Smaller boat & no finance for starters.
Brilliant James.... so informative... 2nd viewing.... watched the first view whilst travelling home from work in a taxi LOL.... Thanks for taking the time to make these really great Vlogs.... what can I say :) As everyone, looking forward to the next Vid !! (know how much time and effort is put into making these vlogs) best regards to you and the family. Have to agree with a vlog below... you are so honest and yet critical in an amazing acceptable professional way..... :)
Wonderful video! Would you happen to have fuel mileage if most of the traveling was done at displacement speeds? I'm guessing 8-12 knots for a boat like that, correct? I know that this type of boat is designed to cruise on plane, but for coastal cruising such as on the east coast of the US, many times it's more about the journey than the destination, so speed isn't really a factor except in cases of emergency or outrunning a storm. Thank you!
If that's your plan you're much better off getting a semi-displacement hull. You'll still be able to out-gun a storm but your displacement mileage will be a lot better.
The galley right behind the helm has never done it for me. It should always be contiguous to the cockpit IMO for better flow. Never have I fancied that layout! Beautiful craftsmanship nonetheless as one can always expect from Princess!
The boatyards I work in, (or river) most just get red diesel delivered which costs between £0.90p to £1.25 a litter depending on how much you buy etc, But with the reforms now on when you get it delivered or from a fuel barge etc, you will need to get a duty rebate of 46.81PPL making diesel around £1.20LT.
You haven't changed much since school "See my socks" lol.... Great work. That screen reminded me of one of those invisibility screens people have been making.
You are a funny man, in the best sense. Great information. Please keep the roll across the bed in each video... very James Bond!! From a glum overcast Sydney.
James, the scores are in! Scale of 1 to 10: Tour = 10; Socks = 10; Master Cabin Gymnastics = 5; Microwave behind a cabinet door that must be opened with every use = 1. Hope you answer the question below about your thoughts on the length of a first fly bridge boat. This is a very special boat!
Beautiful boat,love that extra storage instead of the useless sofa. Great tour, 8.5 for the roll in the master-execution was perfect but the finish was awful!
I’m not poor by any definition, but the fuel cost alone is my household’s entire discretionary money (take home less mortgage, bills, food and essentials) in a whole year.
I was running the numbers in my head quick. In order to purchase and run this yacht with your numbers i would need an income (dividends/salary after taxes) at around 300k/year to give me some headroom with my other costs of living, and the ability to make the actual purchase on top of that. Just calculating funding this with dividends with a 3% return in average, i would need a capital in and around £10.000.000. (10,35 mil including deposit). The obvious choice if i had £10.35 mil laying around, is to pay cash, no loans. That would cut the monthly expenses radically. I still would have £9.2 mil. Which with 3% dividends gives ~275k/year. But. I would "only" need 175k/year, which lowers my capitalneed with roughly 30%. Still a lot of money. But not unreachable. Not there by some margin, but not so far away that i want to exclude it from my bucket list.
@@Boatscouk What can i say. i want a yacht. I just need to get there where my "want" defeats my economic sences. I have wanted a yacht since the early 90's when i spent a summer working the bar on a big darn yacht in Smögen.
Personally, speaking, I would purchase the boat with cash That way you can save on interest, and any banking charges you would have to go through. I usually have a philosophy and that is if you can afford the price of the boat all of the other stuff that you have to go through is easy. It’s when you gotta ask questions on how much things cost then you’re gonna have to step back and look at your financial picture in a bigger perspective before committing into purchasing something like this. I had boats before and let me tell you from experience they are money pits they can be if you buy brand new, not so much for the first couple of years and depending on how much you would utilize the boat but after that, they can get to be expensive some people would be categorized as more money than brains. that’s why I would purchase things like that because I don’t worry about the cost of keeping a boat that size. And also personally, I wouldn’t have a crew for a boat that size. I would operate the boat myself with my family. 😎
So it's about 10% Runnings of boat price. As for £60k capital usually is a lowercapital repayment in years 1 to 4 and higher interest, but depending on the rate you should be able to work the sweet spot which gives you the optimum time upgrade. It would be good to work with customers to find the right time. Also helps you market products to maximise your and your customers best options.
Yes, just been looking through your stock. 50hrs looks a little on the low side when looking at age. Perhaps 70 to 80 hours might be more appropriate for a larger 60ft boat
Appreciate the breakdown. I assume going slower (displacement speed) would be less savage on fuel but in the big picture wouldn’t make much difference. Cheers
Thanks for the video it was interesting. Just one question. Why did you sit on the kitchen bench and read out how much it cost to run a boat? A kitchen bench is a place where you prepare food, not sit. Directly behind you was a very comfortable couch to sit on. Do you prepare your food on the couch at home?
@@Boatscouk Thanks for the reply. Don't blame your parents. You are responsible for your thoughts, feeling, emotions and your actions. You have no control over what other people do or say but you have full control over what you do or say. I wish you all the very best with your channel.
Great video, I especially appreciate the cost calcs, although I think you left some major items out, such as the cost of supplies and food, crew costs if any, etc. Could you add them here or edit the video and add them in it? PS I was a professor of Naval Arch for 38 years (now an Emeritus prof) and taught these cost calcs all the time.
😂😂😂 I’ve always wanted a boat /yacht, now I know why you have making comments respectful ! There has to be an easier way to destroy money like maybe have a BBQ with it lol , now I know why boats are called holes in water 😂😂😂 Great content and it’s been a real eye opener and truly shocked at the cost . It’s good to see your in Essex I’m from Basildon and live in florida where boat ownership is so much cheaper .
My friend used to work on a super yacht as an engineer. Forget capital which isn't great as an average a boat costs 10% of it's cost per year to run the boat. So a £20m boat is £2m.
Love the finance info. Even though I'm Canadian and we use CAD....😏 Gives me an idea how much I have to put down when my crypto goes through the roooooooof. Dreams. Gotta have them. I'll be happy with a smaller boat that a few friends can stay overnight in as long as the ladies have a good head. 😆
Basically to own and run this, we are looking at all the salary of 4-5 nurses working full time.. every year. You know you have made it if you casually can afford this kind of boat, to use it on a random weekend.
Love it. Love your presentation style. The different air conditioning / heating controls were confusing the hell out of me. How would you know which one to use. Would one system supersede the others or are they used in tandem?
Thanks for finally explaining running costs , I’ve watched so many other channels and they seem to be quite shy in mentioning anything more than just the price of the boat 🛥👍
Borrowing money to finance a depreciating asset never made any sense. For an average user, it would be interesting to see how much that would equate to per hour actually spent on board. Chartering a similar vessel, complete with crew, meals and toys, without all the upkeep hassles, might well make more sense for a lot of people. As my old man used to say, "if it flies or floats, rent it".
Hi james - if you start analysing things too closely then you might not be for boating. I always say to customers - do you want have fun or do you want to make money? Most of the time you cannot do both but boating gives you priceless memories and what cost can put on that ? 😊
Great video - very informative. Thanks for inviting questions - I am assuming this price includes VAT, since it's second hand. Would I need to pay VAT again in the EU (I'm from Malta), if I were to buy this boat (or any other secondhand boat registered in the UK? Also, what about for a new boat (made in the UK e.g. Princess, Fairline, etc. , would I just pay VAT in the EU and not the UK? Thanks - keep up the great videos.
Thanks Robert. As a Maltese resident you would need to pay EU vat on import. If you are uk citizen then you are allowed to use in 18 months stints tax free so long as the boat exits to a uk territory every 18 months .
Would be interested to hear how much money you could potentially make back per year if you were to charter it out for say 25 engine hours per year (or whatever suitable metric you’d use to make so it was half yours, half rented per year). Basically, how much of that annual cost of ownership could be reduced by letting others pay for it for half the time. Thanks!
Excellent video. Adding the informative stuff to the tours is really helpful. With a boat of that size in the south of the uk, how easy is it to travel around and find available visitor moorings in marinas at fairly short notice in the summer months (April to Sep)? Eg when deciding on a whim to have a few nights away. Cheers
thanks for the vids. any idea about how much to ship a 60 foot princess to ft. lauderdale? is the air conditioning suitable for tropical climates such as bahamas? thanks so much!
How often would the engines need servicing? You said the average user in Europe would do 50 hours a year. That is out on the waves less than one hour a week!
A modern commercial duty diesel engine of this type would require an oil change every 250 hours. You would do all filters at that same time. If you're not putting 250 hours on the motors per year you would want to do an oil change yearly.
Great rundown of costs, great video as always….one question, do you get a lot of lottery winners buying boats/yachts outright? Or does everyone who buys a boat/yacht use finance?
@@scottsmott5657 if you can find a late 08/09 fairline phantom 40 for about £200k - I promise you will be a happy man. Great quality, seakeeping and timeless 😎
Hi James, great video and fantastic boat. Need to win the lotto first then I'll be down lol 😆. I know you do the sale's of boat, would like to ask on the RYA training for a boat that size? Look around and I found different information on Internet, a bit confusing. Hope you help. Thanks
These vids are absolutely great. Especially considering it's an opinion from a boat marketing industry professional. Anyone in the market for motor yachts will Love it! Thanks!
Ah thanks Chris 👍🏻
If this boat was initially sold back in 2016, does it mean EU VAT has been paid? If not, what would be the price of the boat ex VAT?
@@buoyohbuoy790 it is uk vat paid and can goto the eu with a uk for 18 month stints 😎
You showed the crew cabin - would someone really have crew in a boat of this size? Didn’t mention in costs..? Would surely be better use as garage for toys in my opinion
Of all the people who review boats online, you are by far the most honest and critical. Helps that you're hilarious as well. Keep it up.
Totally agree :)
Ah thank you 🙏
It was refreshing, even if I like many of the other walkthougher's. The crew space part in this video for example, I can see what he means.
@Fred Basset Thank you. I know the Nordhavn specialist, very informative vids, but just so little content. Who is that technician you mentioned, if you don't mind sharing..
Unfortunately in the real world the depreciation is far greater than that, I was the skipper of a brand new Princess 65 flybridge yacht which cost us £1.1m and it arrived from the factory with 168 faults which took princess 3 years to put right. At the end of 3 years the boat was perfect and we sold her for £550,000. The owner had about 60 nights on board in all that time.
They really are a huge hole in the water to throw your money into, but fabulous fun.
Wow, that was a lot to loose in 3 years. Just in depreciation that works out to 9,166 pound per night. Then you put your wage in, fuel, insurance etc that works out to a lot of money for one night. Spending all that money, it must have been an amazing amount of fun each night? You are right though, they are a huge hole in the water to throw your money into.
@@spacewalktraveller1 yes it does not make any sense to buy a new yacht, my advice would be to buy them at 5 years old when everything has been done to them all faults ironed out and lots of servicing has been done, they should still look new but for a third of the new price.
@@captaindave47 Thanks for the reply. I was surprised when you said the boat had 168 fault, I though Princess was a top notch boat builder and they took 3 years to fix the problems. I'll take your advise and get a second hand boat, otherwise you are throwing a lot of money away.
>>At the end of 3 years the boat was perfect and we sold her for £550,000
Was this during the 2008 financial crash or something? Was this part of a deal that might be partly money laundering? Similar models that are over 10 years old are currently going for a few hundred thousand more than that.
@@spacewalktraveller1 no it was before the financial crisis of 2008. We had it on the market for quite a while before accepting that offer, we were planning on buying a new 25 meter yacht but the owner for cancer and the family decided to get out of boating until they knew the outcome.
I think that's why they took the low offer. It's always a buyer's market when it comes to boats.
Again a demonstration that honesty is the best policy.
This exercise shows your integrity.
Thank you.
🙏🙏
This 60 and the 56 are by a absolute country mile the best value on the market for a family owner run boat! When you look at today's new boat prices this 60 and 56 are an absolute bargain! Both have kitchen and separate dianette plus a large saloon without it used as dinning like newer models that don't have a separate dianette seating! 3 great sized cabins beautifully crafted fast top speed if needed and fantastic outdoor space for summer! You can get into almost every marina! A lot of people don't realize A lot of marinas won't accept any boat over 60 feet! Princess boats don't age in the looks they are modern and elegant and timeless! Great video happy sailing all!! 🛥⚓and God bless all 🙏❤
Love all the information, presented in a very likeable manner! For a man who lives the furthest from the water in Northants I love to see all of your content, keep up the great work 👍🏼👏🏼👏🏼👏🏼
Thanks Rory 😜
"This is a straight line curve" ..... Priceless - keep the vids coming
😂
Just like the horizon.
Lovely boat James. The tour was as indepth as always. The salon is very spacious but the flybridge is awesome. The highlight of the tour was the breakdown of costing. Very seldom talked about, (almost never). Appreciate the info and tour, Thanks.
Cheers
Thanks JH. More costings to come- seems popular !
Really grateful for showing us running costs, definitely rules me out of “ever” owning a boat of this stature, unless I win the lottery.
Never say never
Great video. Ive never seen a video talking about the costs in such detail. We all hear the silly figures of superyachts, so to see figures for 60ft boats is realistic. Out of interest, what is the ratio of your customers who buy in cash vs finance to purchase a typical 60ft Princess?
A pleasure, I would say at the moment 50/50 but it changes monthly for lots of reasons 🤩
Well at that level it may be cheaper to buy on finance thereby maintaining your lump sum for investment at a higher rate of return rather than a boat of depreciating value.
@@gulag8735 Your higher rate of return is not guaranteed, your interest payments are
@@anyexpat true that
Really interesting, very well presented and easy to understand. Thank you James!
Love all your videos. No BS and straight to the point. Thank you.
Thanks - keeps it simple
Just stumbled across this channel/video. Never seen a walk-though of a boat where a "floss-test" is done. I'm sold. Subbed. Also you are very funny and enjoyable to watch and listen too. Keep it up. :)
Ah thanks Dl.
Another informative tour James as always, it was both humorous and serious floss test and "shout" Windows included! It was nice of you to include the full cost of running a boat, not often seen by other yacht brokers James, must be a "first!"
Yes most brokers not keen to explain cost of the fun 😂
Thank you so much, really good video and answered a lot of questions for me personally.
Like a lot of posters here are saying “if I had the money, I would buy a boat from you” you are searing honest 😀
Ah thank you
Probably one of the most entertaining and yacht broker videos I’ve seen. Good job
Thank you
Can’t believe I’ve only just found this channel…. So glad I did! Been looking for a comprehensive view on costs of one of these boats for ages! So the 8-10% of boat value, which a lot of people mention seems true in this case. Here’s a question, which boats generally have the lowest % (of total value) running cost
Ah thank you. Lowest running cost would be displacement hull, shaft drive, single diesel motorcruiser or any sail boat.
A rubber dinghy
Great Video and Great job explaining some of the costs, which I should point out are subjective. Obviously the fuel costs you mentioned would vary depending on how much cruising one does in a year. If you pay cash which I'm sure some people can do, then the financing and interest normally attached to it would be void. In North America as I am then berthing could be cheaper depending on the location and the Marina. Again some people might be berthing their yacht at their home which is located on the water front. Insurance I assume would also depend on whether you are a seasoned boater or new to the market. Having said all that I did like the fact that you gave your best attempt to make people more aware what the costs of ownership really are.
Some things which I always look for which I think you didn't mention is; What is the beam length? What size is the black water and fresh water tanks. What is the cost of pumping out the black water tank? Thanks
Very useful info. The correct calculation of the cost is £146,000 per annum.
Thank for sharing James. Cost information was helpful and tour was fantastic loved the little bed roll in the master
😂
excellent! So a $3M boat with a crew of 3... probably around 10%, 350-400k/yr... depending on how many engine hours and mooring costs, full time or part time crew...
You only told me what I already know: I will never be able to own a yacht. Yet I thank you for this video :)
Great explination and socks James, i cant wait to get back out onto the water this summer.
Nor can I 😍
Excellent video. Covers everything, from a tour of the boat, to the specs, and love the summary of costs at the end. Thank you! Hello from Canada!
Hi Joseph - thank you for watching 😎
Another top video James! I have to admit I’ve become addicted to your videos! Superb socks this time! I don’t think this would fit in Tollesbury Marina. All I need is a Riva Aquarama. That’ll do me!
Ah thanks Steve. We should get you down to do the drums and music on one of the videos on the flybridge 😜 hope you are keeping well 👌
Love the content! Keep it up, please could you do some more videos of taking different boats out on the water for a spin, I remember a few months back you took one up the river for a spin that was great! Thanks
Yes I will - but we have to clear the river of other users first 😂
Just subscribed because I'm considering buying a boat.
You've shocked me with the annual running costs.
I'm going to need to halve everything to afford to get on the water.
Smaller boat & no finance for starters.
I have another video coming up on a smaller boat this Thursday . Costs much much less 😎
ROFLOL. The "Floss" test. Loved the demonstration. I'll have to remember that, if I ever get opportunity to purchase.
This is a great cost break down, helps give an idea.
It takes a bit of working out 🏋️♀️
Brilliant James.... so informative... 2nd viewing.... watched the first view whilst travelling home from work in a taxi LOL.... Thanks for taking the time to make these really great Vlogs.... what can I say :) As everyone, looking forward to the next Vid !! (know how much time and effort is put into making these vlogs) best regards to you and the family. Have to agree with a vlog below... you are so honest and yet critical in an amazing acceptable professional way..... :)
😂 thanks PB - love the taxi story - lots more to come - glad you enjoy 😊
Love of mad socks, yachts, and mysterious shrinking jeans... kindered spirit there.
Lovely tour, James. Thank you.
Wonderful video! Would you happen to have fuel mileage if most of the traveling was done at displacement speeds? I'm guessing 8-12 knots for a boat like that, correct? I know that this type of boat is designed to cruise on plane, but for coastal cruising such as on the east coast of the US, many times it's more about the journey than the destination, so speed isn't really a factor except in cases of emergency or outrunning a storm. Thank you!
Yes it should use less than half that 😎
If that's your plan you're much better off getting a semi-displacement hull. You'll still be able to out-gun a storm but your displacement mileage will be a lot better.
Love your tours. Not sure why I just now got recommended this video 2 years late, but nonetheless glad I did.
Beautiful boat.
@@Superdada good one coming tomorrow 😊
We still have a Princess 420 (several refurbs and tech updates in) and it's a great boat.
The galley right behind the helm has never done it for me. It should always be contiguous to the cockpit IMO for better flow. Never have I fancied that layout! Beautiful craftsmanship nonetheless as one can always expect from Princess!
Yes the galley position always splits opinion
I love the lighthearted fun way you do your vids, look forward to your next one, and watch your toes....
😊👍🏻😜
James thank you for being so transparent very interesting video's.
It’s all I know 🙏
The boatyards I work in, (or river) most just get red diesel delivered which costs between £0.90p to £1.25 a litter depending on how much you buy etc, But with the reforms now on when you get it delivered or from a fuel barge etc, you will need to get a duty rebate of 46.81PPL making diesel around £1.20LT.
Good price - more expensive in Essex at mo
You haven't changed much since school "See my socks" lol.... Great work. That screen reminded me of one of those invisibility screens people have been making.
@@izzzzzz6 hiya - which school ? Widford or plume ? 🤓
Very fair explanation and well explained but maintenance would be more like 20-30 not 10 , really enjoyed this video
this is so good and we all need to know the cost its not boring your the best
Ah thank you
very good detail and funny too. keep it up.
You are a funny man, in the best sense. Great information. Please keep the roll across the bed in each video... very James Bond!! From a glum overcast Sydney.
Love Australia 🇦🇺!
James, the scores are in! Scale of 1 to 10: Tour = 10; Socks = 10; Master Cabin Gymnastics = 5; Microwave behind a cabinet door that must be opened with every use = 1. Hope you answer the question below about your thoughts on the length of a first fly bridge boat. This is a very special boat!
Love the scores Jack 🥳🥳
beautiful! great to see the actual costs. thanks for that
👌👌
Beautiful boat,love that extra storage instead of the useless sofa. Great tour, 8.5 for the roll in the master-execution was perfect but the finish was awful!
I need to lose 5 stone 😆
Love your out takes at the end James 😂
Thanks for all the finance details!
Note to Princess: Rounded Corners on the Fridge hahah
I’m not poor by any definition, but the fuel cost alone is my household’s entire discretionary money (take home less mortgage, bills, food and essentials) in a whole year.
you’re underrated. I love your videos, sometimes funny 😆.
Thank you 🙏
Brilliant vid as usual and the costs made me laugh in disbelief but also in admiration for those that can own this 👏👏👍❤️🇬🇧
I was running the numbers in my head quick.
In order to purchase and run this yacht with your numbers i would need an income (dividends/salary after taxes) at around 300k/year to give me some headroom with my other costs of living, and the ability to make the actual purchase on top of that.
Just calculating funding this with dividends with a 3% return in average, i would need a capital in and around £10.000.000. (10,35 mil including deposit).
The obvious choice if i had £10.35 mil laying around, is to pay cash, no loans. That would cut the monthly expenses radically.
I still would have £9.2 mil. Which with 3% dividends gives ~275k/year.
But.
I would "only" need 175k/year, which lowers my capitalneed with roughly 30%.
Still a lot of money. But not unreachable.
Not there by some margin, but not so far away that i want to exclude it from my bucket list.
Love the man maths Niklas 😂
@@Boatscouk
What can i say. i want a yacht. I just need to get there where my "want" defeats my economic sences.
I have wanted a yacht since the early 90's when i spent a summer working the bar on a big darn yacht in Smögen.
Personally, speaking, I would purchase the boat with cash That way you can save on interest, and any banking charges you would have to go through. I usually have a philosophy and that is if you can afford the price of the boat all of the other stuff that you have to go through is easy. It’s when you gotta ask questions on how much things cost then you’re gonna have to step back and look at your financial picture in a bigger perspective before committing into purchasing something like this. I had boats before and let me tell you from experience they are money pits they can be if you buy brand new, not so much for the first couple of years and depending on how much you would utilize the boat but after that, they can get to be expensive some people would be categorized as more money than brains. that’s why I would purchase things like that because I don’t worry about the cost of keeping a boat that size. And also personally, I wouldn’t have a crew for a boat that size. I would operate the boat myself with my family. 😎
Agree 🥳🥳
So it's about 10% Runnings of boat price. As for £60k capital usually is a lowercapital repayment in years 1 to 4 and higher interest, but depending on the rate you should be able to work the sweet spot which gives you the optimum time upgrade. It would be good to work with customers to find the right time. Also helps you market products to maximise your and your customers best options.
Yes but be careful as it can vary a lot from boat to boat
Yes, just been looking through your stock. 50hrs looks a little on the low side when looking at age. Perhaps 70 to 80 hours might be more appropriate for a larger 60ft boat
@@vcghana yes upto 70 is common
get diff 22 soar éktrç 100p mile rage tejsa 116.jie rabge
I was looking to upgrade my yacht but now I think I should just sell it and be done with yachting. I know my costs are high but never did the math.
Appreciate the breakdown. I assume going slower (displacement speed) would be less savage on fuel but in the big picture wouldn’t make much difference. Cheers
Yes that’s right
Thanks for the video it was interesting. Just one question. Why did you sit on the kitchen bench and read out how much it cost to run a boat? A kitchen bench is a place where you prepare food, not sit. Directly behind you was a very comfortable couch to sit on. Do you prepare your food on the couch at home?
I do sometimes sit on the galley top at home too 😜Apologies for my manners - i blame my parents !
@@Boatscouk Thanks for the reply. Don't blame your parents. You are responsible for your thoughts, feeling, emotions and your actions. You have no control over what other people do or say but you have full control over what you do or say. I wish you all the very best with your channel.
Great video, I especially appreciate the cost calcs, although I think you left some major items out, such as the cost of supplies and food, crew costs if any, etc. Could you add them here or edit the video and add them in it? PS I was a professor of Naval Arch for 38 years (now an Emeritus prof) and taught these cost calcs all the time.
Thanks Prof. no crew on this in Uk - thanks for your nice comments 🙏
Love the videos! Can you do one of these videos factoring in charter income please?
Yes will add that to next one
What about ALL OF THE COSTS? Typical mooring charges, shore power, water, and waste removal?
In later videos
Subscribed as you asked so nicely 😀 I came here after watching one of Nick’s videos
Thank you 🙏
😂😂😂 I’ve always wanted a boat /yacht, now I know why you have making comments respectful !
There has to be an easier way to destroy money like maybe have a BBQ with it lol , now I know why boats are called holes in water 😂😂😂
Great content and it’s been a real eye opener and truly shocked at the cost .
It’s good to see your in Essex I’m from Basildon and live in florida where boat ownership is so much cheaper .
And Florida is beautiful too ! Thanks Lee 🥳
BTW the costing and comedy outtake were brilliantly simple 🎖🥇🎖
Ah thank you 😊
My friend used to work on a super yacht as an engineer. Forget capital which isn't great as an average a boat costs 10% of it's cost per year to run the boat. So a £20m boat is £2m.
We watch cus it's bloody interesting 😂😂😂.. great tour and a lovely boat .. 😁👍🏴
Could you please include the cost of a captain next time . Thanks very informative
Cool video, cool boat.
I would not be able to live with a
microwave down below like that though.
4:29
lol, luckily this will never be an issue for me.
Absolutely great explanations.
This will be a lovely(depreciated) boat in about 7yrs
19k subs. Wtf? You are great. Good job! Keep it up. Love the videos from BC Canada!!
Love the finance info. Even though I'm Canadian and we use CAD....😏
Gives me an idea how much I have to put down when my crypto goes through the roooooooof. Dreams. Gotta have them. I'll be happy with a smaller boat that a few friends can stay overnight in as long as the ladies have a good head. 😆
Ah thanks Brent 😎😎
This was amazing an you was very funny. Have a new subscriber
Basically to own and run this, we are looking at all the salary of 4-5 nurses working full time.. every year. You know you have made it if you casually can afford this kind of boat, to use it on a random weekend.
Love it. Love your presentation style. The different air conditioning / heating controls were confusing the hell out of me. How would you know which one to use. Would one system supersede the others or are they used in tandem?
We include a 1 day handover 😊
Thank you for such a detailed video, most guys miss the financial part😂
We always tell you about the money 💰
Thank you for the video. Subscribed thanks to the costs you worked out.
Thanks Mark
Thanks for finally explaining running costs , I’ve watched so many other channels and they seem to be quite shy in mentioning anything more than just the price of the boat 🛥👍
You need to know
Borrowing money to finance a depreciating asset never made any sense. For an average user, it would be interesting to see how much that would equate to per hour actually spent on board. Chartering a similar vessel, complete with crew, meals and toys, without all the upkeep hassles, might well make more sense for a lot of people. As my old man used to say, "if it flies or floats, rent it".
Hi james - if you start analysing things too closely then you might not be for boating. I always say to customers - do you want have fun or do you want to make money? Most of the time you cannot do both but boating gives you priceless memories and what cost can put on that ? 😊
good video....funny man...keep up the good work👍👍👍👍👍
VERY helpful video; thanks!
Great video - very informative. Thanks for inviting questions - I am assuming this price includes VAT, since it's second hand. Would I need to pay VAT again in the EU (I'm from Malta), if I were to buy this boat (or any other secondhand boat registered in the UK? Also, what about for a new boat (made in the UK e.g. Princess, Fairline, etc. , would I just pay VAT in the EU and not the UK? Thanks - keep up the great videos.
Thanks Robert. As a Maltese resident you would need to pay EU vat on import. If you are uk citizen then you are allowed to use in 18 months stints tax free so long as the boat exits to a uk territory every 18 months .
Yes and for new boats - you buy ex tax from uk and then pay local taxes on arrival 😊
Thanks for your prompt replies - much appreciated.
I would love to find a sales person like this.
Instead of adding 20% for unknown costs.
Wonder what the cost
Would be interested to hear how much money you could potentially make back per year if you were to charter it out for say 25 engine hours per year (or whatever suitable metric you’d use to make so it was half yours, half rented per year). Basically, how much of that annual cost of ownership could be reduced by letting others pay for it for half the time. Thanks!
Yes this boat would charter for about £20k per week so it makes it back quick
Excellent video. Adding the informative stuff to the tours is really helpful. With a boat of that size in the south of the uk, how easy is it to travel around and find available visitor moorings in marinas at fairly short notice in the summer months (April to Sep)? Eg when deciding on a whim to have a few nights away. Cheers
Ummm - not very easy at the moment but you can anchor anywhere 🤩
thanks for the vids. any idea about how much to ship a 60 foot princess to ft. lauderdale? is the air conditioning suitable for tropical climates such as bahamas? thanks so much!
Good Video. Slightly alarmed when I saw the socks but other than that, great video as always
How often would the engines need servicing?
You said the average user in Europe would do 50 hours a year. That is out on the waves less than one hour a week!
Yes - one service per year 😎
A modern commercial duty diesel engine of this type would require an oil change every 250 hours. You would do all filters at that same time. If you're not putting 250 hours on the motors per year you would want to do an oil change yearly.
Buying a yacht is irrational. Not owning a yacht, however, is unbearable.
Great rundown of costs, great video as always….one question, do you get a lot of lottery winners buying boats/yachts outright? Or does everyone who buys a boat/yacht use finance?
A fee lottery winners but mainly customers buy with their own money and some use finance
Great vid!
🙏
Excellent, most informed and concise. Am a bit worried as to where to obtain one of those "straight line curve" however. Lol😁👍
😂😂
What a fun guy he is great information good humour, for a pom.
@@williamporter2867 😂
James, loved the video.
Completely unrelated, but which boat 30 - 45ft would you recommend as a first flybridge ? Thanks
Approx budget Scott?
@@Boatscouk at an absolute push, £250k. Thanks.
@@scottsmott5657 if you can find a late 08/09 fairline phantom 40 for about £200k - I promise you will be a happy man. Great quality, seakeeping and timeless 😎
xoxo 32 ekrrç 45 mile range télsà céll 5w mike rànfe gréñ line hybr ejtrç 22.5 or 33.6 mie trane tejsa sélls 26 jíe ràbe 3⁸,5 mile rangé
ejrç ouçn8c boat 52 mil tabfe
Hi James, great video and fantastic boat. Need to win the lotto first then I'll be down lol 😆. I know you do the sale's of boat, would like to ask on the RYA training for a boat that size? Look around and I found different information on Internet, a bit confusing. Hope you help. Thanks
In the uk no training needed but I always advise RYA ICC level which you can use abroad too for boats upto 24m 😝
Great job and thank you so much
At 18.51mins you state a "straight line curve". What is that please?
It’s a JB thing 😂
£100k a year running costs got that in my back pocket small change! different world only for the top 5% earners but nice to dream.
Love the video as great insight in to my lottery win purchases when it happens, you scared me at costs though 😂
What is the Draft ? Could you do the great loop ?
How much would a Captain and deck hand cost in the Med per year? Thank you
@@abbasnasir8861 £100k minimum