While it’s true chartering some yachts will set you back over $1,000,000 for just a week, this doesn’t have to be the case.
Chartering is certainly a lot cheaper than buying, and with some yachts sleeping up to 10 and totaling at around $40,000 for a week, the price can be much more doable than you might expect.
Of course, if money isn’t an object, then these worries aren’t an issue here; but precisely how much does it cost to charter a yacht?
How Much Does it Cost to Charter a Yacht?
There are various factors that might affect the yacht cost, such as season, type of yacht, whether there is a crew on board or whether the yacht is all-inclusive.
General Price Break Down
If you’re looking to charter a motor yacht, prices per week are generally as follows.
Smaller motor yachts, under 80ft will be around $15,000-$35,000.
80ft-120ft motor yachts come in at around $35,000-$80,000 per week.
You are looking at between $80,000-$150,000 for motor yachts between 120ft and 150ft.
The largest motor yachts, over 150ft, will total at between $150,000-$500,000 for the week.
All-Inclusive VS Plus Expenses
Chartering a yacht tends to pose two main decisions: Do you go all-inclusive or plus expenses? What is the difference?
All-Inclusive Yacht Charters
If you’ve ever been on an all-inclusive package vacation, you’ll be familiar with this term. It’s when all drinks and food are covered in the overall price, as well as certain other aspects of the stay.
The same ethos applies with all-inclusive yacht charters. Not only is food and drink covered, water activities and fuel usually are too.
Be wary, though, that docking charges and taxes might be added on.
Plus Expenses Charters
This is the opposite of all-inclusive and the yacht’s base charge will only cover the hiring of the vessel itself.
The food, drink, docking, activities, fuel, taxes and other aspects will be added on.
These are often covered by an Advance Provisioning Allowance, typically 35% of the base price. This will likely be asked for up front.
This is so that the maintenance of the yacht can be taken care of by the owners after it has been chartered (provided by companies such as Tess Electrical).
Also Consider These Factors When Chartering a Yacht:
Think about the following when considering the overall cost of chartering a yacht.
As with most travel, you will need insurance for your yacht charter vacation.
Factor in a gratuity for the crew at around 15-20% of the base charter rate, as is customary.
The time of year factors into the cost. For example, if you’re sailing around the Med, summer will be more expensive. In the Caribbean, winter is a higher price.
If you have often wondered “how much does it cost to charter a yacht?” our brief guide should have cleared some of this up for you.
If you like the idea of setting sail in the lap of luxury and taking a voyage to the Med, the Gold Coast or the Caribbean, now you know the prices involved.
Now you need to decide where to go! Check out our travel guides and start planning your destination now!