The case for buying new

A new production yacht allows the buyer to choose from the builder's current specification and available options, and in some cases to make broader configuration decisions. The yacht begins ownership without a previous service history, but the buyer must understand exactly what is included in the contract, what remains optional and when delivery is realistically expected.

New does not mean identical. Engine packages, electronics, fabrics, domestic equipment and layout options can produce meaningful differences between two examples of the same model. The Production Yacht vs Semi-Custom Yacht guide explains this distinction.

The case for buying used

A used yacht can provide immediate availability and may already contain equipment that a new buyer would otherwise need to specify. The trade-off is that condition becomes central. Machinery hours, maintenance records, coatings, batteries, sails where relevant, electronics, domestic systems and past repairs all need to be understood before purchase.

Survey and inspection

A used yacht should be evaluated as the individual vessel it is, not merely as an example of a model. Independent survey and appropriate technical inspections can identify issues that cannot be inferred from age or asking price alone. Buyers should also verify title, documentation and the precise inventory included in the transaction using appropriate professional advisers.

Purchase price versus immediate expenditure

A lower used-yacht purchase price may be offset by deferred servicing, replacement electronics, coatings, machinery work or other remedial expenditure. Conversely, buying new can involve expensive optional equipment and commissioning. The useful comparison is therefore the expected cost of obtaining the yacht in the condition and specification the owner actually wants.

Delivery and depreciation

A used yacht can often be available more quickly than a new build or factory order, while a new yacht gives the buyer greater specification control. Market value over time depends on many factors, including builder, model demand, condition, equipment, maintenance and broader market conditions; a simple universal depreciation percentage should not be assumed.

Ownership planning remains essential

Whether buying new or used, the annual cost of berthing, insurance, maintenance and operation continues after acquisition. Buyers should use Luxury Yacht Running Costs: 12–24 Metres for the wider budget and Mediterranean Marinas for 12–24 Metre Luxury Yachts when planning Mediterranean berthing.

Current production references

The models below are current production references from Luxury Yacht Guide. They illustrate the type of new-yacht choice available within the 12–24 metre market; any used yacht should be assessed separately as an individual vessel.