Yacht Financing: On Free Waters

2007-03-08 10:33:40

( Financial )



THE GOOD LIFE

Owning a yacht is perhaps one of life’s greatest luxuries. Imagine the privilege of being free from the restraints of the concrete jungle and be able to sail away into the open waters whenever the wanderlust hits you.

While owning a yacht may be a pipe dream for most, it is not as prohibitive as you may think. There are a lot of companies offering yacht financing if you really have your heart set on purchasing one.

Yacht financing is mostly offered by companies who specialize in marine lending. These companies cater to the marine industry by offering financial assistance and services to those who want to purchase and have their own boats or yachts. These marine finance companies also assist those who desire to construct, refurbish, acquire, or re-mortgage their marine vessels. They also offer boat insurance alongside the boat and yacht financing.

Yacht financing is also being offered by some banks and established lending institutions. Particularly if you are located near coastlines, there are a lot of marine lending companies that you can approach for your needs.

THE NEXT BEST THING

If buying a yacht is out of the question, yacht charters are the next best thing. If you want to experience the open waters without the responsibility and commitment of owning a boat, then a luxury yacht charter is your best bet.

Yacht charters are renting or leasing the said vessel for a specific period of time. You have the option to charter yachts bareboat – meaning you will operate the vessel yourself and enjoy a greater sense of privacy. Or you may opt to have it skippered so you can totally enjoy the boat trip and not worry about the technicalities of directing and controlling the ship.

Florida yacht charter is very popular given its long shoreline and the many keys waiting to be explored. Remember you do not have to break the bank to enjoy the freedom of the waters. You just need to know what is available for you.


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