Yacht rental cost is determined by several factors, including the time of year, the yachting region, and the model of the yacht. In this article, we will explore these factors to help calculate the budget required for renting a yacht.
How Time of Year Affects Yacht Rental Cost
The cost of renting a yacht varies throughout the year. In the Mediterranean and Adriatic region, July and August are the most expensive months for renting a yacht. Yacht rental prices are slightly lower in May-June and September-October, while the period from November to April has the lowest prices. The average cost of yacht charter in April and September is 20-30% lower than in July and August.
In contrast, remote yachting regions such as Thailand, Caribbean Islands, Seychelles, and Cuba have their peak rental period in December-January, coinciding with the New Year holidays. The most unprofitable yacht charter contracts are signed in May, June, and July, which are 7% more expensive on average. The best prices for yacht charter are available between September and February.
How Yachting Region Affects Yacht Rental Cost
The cost of renting a yacht depends on the yachting region. Greece and Turkey offer the most budget-friendly yacht rental options in the Mediterranean. In the high season, the cost of renting a 3-cabin yacht 40-42 feet (11-13m) in these countries varies around 1500-3000 euros per week, depending on the model and year of manufacture of the yacht. The Balearic Islands and Croatia have the highest rental cost in the high season, from 3000 euros.
The Canary Islands have the lowest cost of renting a yacht in the “winter” yachting regions. Prices for renting a 3-cabin yacht in December-January (excluding the New Year holidays) range from 1500 to 3000 euros. Thailand has the highest price level for yacht charter.
How Yacht Model Affects Yacht Rental Cost
The rental price of a yacht depends on the model, size, and additional equipment. Yachts from 30 feet (10m) are the most popular class of yachts for charter with optimal comfort for long-distance travel. The rental price depends on the year of manufacture of the yacht, the size, and the presence of additional equipment. New yachts are 15% more expensive than yachts that are 4-10 years old. The presence of additional equipment such as a generator and air conditioning also increases the level of comfort, but increases the rental price. The cost of renting a sailing catamaran is always more than the cost of renting a yacht of the same size.
Additional Payments When Renting a Yacht
Aside from the rental price, additional payments must be considered when renting a yacht. These include additional services offered by charter companies, insurance deposit for the yacht, and fuel costs.
Additional services include yacht cleaning, bed linen, dinghy outboard engine, and other optional services. The list of additional services varies for each charter company.
An insurance deposit is required for the yacht rental, which serves as the deductible for the main yacht insurance. The amount of the security deposit depends on the size of the yacht. Fuel costs are also necessary as the yacht for rent comes with a full tank of fuel and should be returned with a full tank.
In this article, we have collected all the factors that need to be considered in order to calculate the budget required for renting a yacht. By taking into account the time of year, the yachting region, the model of the yacht, and the range of additional services offered by the charter company, you can estimate the overall cost of renting a yacht.
It’s important to note that the rental price of a yacht is not the only expense you will encounter. There are additional costs associated with renting a yacht that you should be aware of when planning your budget. These additional costs can include yacht cleaning, bed linen, dinghy outboard engine, fuel, and insurance deposit for the yacht.
To ensure that you have an accurate estimate of the total cost of renting a yacht, be sure to take into account all of these additional expenses. This will help you avoid any surprises or unexpected costs during your yachting trip.
In conclusion, renting a yacht can be an amazing experience, but it’s important to understand all the factors that can affect the rental price and budget accordingly. By taking the time to research and plan, you can find the best yacht rental option that meets your needs and fits your budget.