How to: buying a new motor yacht

You have made your decision: you want to buy a power boat! Well, congratulations on that! It´s a bold step into a whole new world at which´s end your life as a boat owner, skilled skipper and happy boater is alluring. Especially for first time buyers this whole process comes with a boatload of questions. It's like you're about to set sail, but there are still countless items unchecked on your list.

What boat should I be looking for? Am I making a wise choice? Don´t panic, we´ve been through this with our customers literally a couple of thousand times. And every one of these in the end got to get on their individually tailored yachts: with the help of our competent and seasoned dealers, who play a crucial role in the whole process.

This guide aims to illuminate the often-confusing path of buying a motorboat. It will assist in identifying the suitable vessel for you, examine the specs and implications of different motor types, and aid in navigating the new versus used conundrum. Remember: our dealers are not just salesmen, often they are sailors themselves and do bring a unique insight, mostly paired with decades of experience on the boating market. You are invited to participate and draw from this extraordinary track record and operating experience.

The (most important) first step: matching intent with vessel

Motor yachts come in various shapes, sizes and flavours. This of course has aesthetical reasons but mainly its rooted in the intended use for which they are made. That said, the first indication for which boat may be the best purchase choice for you is the intended use. We call this the “use case”. Personal preferences, boating lifestyle, sailing area where the boat is used, external factors like the dominating weather and even sea states heavily influence the choice when buying a yacht. Also, the number of people using the boat on average as well as the duration of each cruise: are you looking for a fun boat for the quick dash out, a cabin cruiser for the occasional romantic getaway or a full-size leisure yacht for multi-week family vacations?

As a first step you should determine your personal use-case: but behold!

Don´t dream up a wannabe imagination of your perfect sailor´s world. Stay rooted in your real present, calculate onboard time in a realistic manner. But also plan ahead, imagine your family falling in love with the new boat as well, thus increasing usage and spent onboard time. The more realistic your use-case become, the better your dealer will be able to counsel you for a perfectly fitting specification. Likewise, use-cases which aren´t grounded in the real world but rather display a fictional, exaggerated or generally unrealistic setting may lead to buying a boat that won´t fit in the end. Ending up with a yacht that is too big or too small is one of the most apparent mistakes when buying a boat. Also, the layout both on deck and also down below, number of cabins, unmet technical requirements of the area in which the boat is used or missing amenities could lead to a wrong purchase decision. To prevent you from buying a misfit boat, be honest to yourself, take into account the wishes and demands of your family and those who will be onboard with you and seek professional guidance from your local dealer as well.

When evaluating your personal use-case, you may start by looking at these bullet points, helping you to navigate through this topic:

• Timeframe of usage: dayboating, rare or frequent overnight stays, long-term cruising or onboard living

• People on board: single use or with your partner, whole family (your children´s age may trigger certain decisions regarding amenities and safety features), occasional guests, frequent quests (also for intended commercial use as a charter boat)

• Prime function of the yacht: leisure boating, speedy fun and watersports, fishing or other hobbies like diving, multi-week cruising or exploration, entertainment of guests or representation as a company yacht

• Area of boat use: inshore, canals and waterways or on a lake, coastal cruising with offshore legs. Also consider berthing: Type of marina, mooring technique, draft

• Size and cabins: small boat, no amenities for tender and fun use, berth or sailing area pre-determine boat sizes, number of people determining cabins (and more specifically: number of heads available), socializing areas needed, amenities and onboard comforts, luxury details like dinghy garage, storage and stowage

• Other factors like possible portability (trailer), change of sailing area in the near future, certain changes of your personal circumstances like a new child to be born or upcoming pension

This list is by no means complete. It should show you the multi-faceted approach to determining a realistic use-case which is the groundwork to be done before delving into the wide range of motorboat-types available for you to look at.

No matter its size, a yacht is always a luxury object. Boats are often a lifelong dream of the owners. Their alluring shapes, breathtaking designs and fascinating capabilities are seducing. Of course, once fallen in love with a particular yacht design, boat type or even brand, it is hard to – at least for a moment – set back these cherishes ideal conception to draw up a rather practically realistic setup. But if done properly you will be able to combine both, the honest use-case and your lifelong dream yacht to form a holistic picture of which boat may suits best for you. This will be the perfect starting point from which you embark to a detailed search.

From use-case to discovering your ideal motorboat

You have already found a solid answer to the starting question already: "Why am I buying a yacht?" We´ve seen that there is no wrong answer. Whether you're buying a boat to live on or just to go on leisurely fishing trips, there's undoubtedly something designed for your specific interests.

Yachts are built to make sure that their unique features and designs align with your intends and the various marine activities. It´s getting a bit technical in the following chapters because now your will align your intended use with a boat type made to fit it perfectly.

Remember to always to speak to your dealer in the country you intend to cruise as all dealers appointed by Hanse have many years of knowledge and they will be happy to give all the information you require to make an informed decision.

Hull shapes of motor yachts: form determines function

The most defining aspect of how your new yacht will behave, how the boat will be able to fit the needs and your intended use-case, is the shape of the hull. Apparently, a wider, more bulky hull will provide for much more internal volume, thus a yacht like this can house many cabins, bigger cabins and much more amenities. Likewise, a narrower hull or flatter design won´t fit as much luxury, but may display sexier looks and have much better speed and performance.

In general, for every yacht, boat and ship, there are four main categories of hull designs: flat-bottom, round-bottom, V-shaped and multi-hulled designs. While the latter are called power boat catamarans, the first three are of more interest if you want to buy a classic monohull yacht.

Flat-bottom hulls are capable of planning. This is the desired state of driving a boat in fast speeds, even in cruising velocity. The hull is able to overcome it´s own limited hull-speed by starting to „glide“ on the water surface. Just like a surfboard. This is called „planning“. High speed planning boats can be smaller fun boats, day trippers, sports cruisers and of course racing boats. The downside of planning? Like in an all-out sports car, comfort at high speeds due to the boat´s reaction to the sea state, may be harsh. 

Round-bottom and V-bottom yachts are the opposite. Due to the fact that the horizontal volume of the hull is increasing only gradually, those hulls will smoothly displace the waves. Boats like this are cutting through the water making even an anpleasant sea state bearable. Also at anchor or when moored, those hulls show a lesser tendency for noise generation in swell. Having more volume inside, these types of hulls can fit larger cabins and more amenities.

While there are of course motor boats which are strictly V-bottom or all-out flat, naval architects and boat designers try to combine the aspects of hull-shapes to create yachts with a unique blend, displaying the most of the advantages of all hull-shapes. Therefore, in general, motor yachts are also divided in three categories which maybe describe their general characteristics a bit better than just the hull shape. These three main categories are:

• Full displacement boats: Large internal volumes, mostly a V-shaped bow and entry-section. Rather slower speeds for economic fuel consumption, long-haul cruising with lots of interior volume. Mostly Trawler type yachts for passage making, also dominant design for inshore cruising.

• Semi-displacement yachts with planning capability: Most prominent hull-type for leisure yachts as these designs combine the high-speed capabilities for boating fun with interior volume and onboard comforts. Sports cruiser, motor yachts for leisure and family use, fast passage-makers, often regarded as most beautiful yachts.

• Planning yachts: Strictly V-shaped, sexy lines and highly representative. Fast cruisers and fun yachts, often equipped with high power boat engines and state-of-the-art equipment. Purchase price and cost for maintenance, fuel and running expenditure are considered highest – but also their prestige and unique impression.

Having understood the general types of boat hulls and their unique aspects, how are these translated to literal boats to choose from?

Understanding motorboat types

As every motorboat is built with a specific experience in mind, bearing features and design elements that serve specific functions. The are over 30 types of motorboats and yachts, it´s a sheer confusing bulk of choices available to you. Let's dive into some of the most popular categories from small to (very) large: 

Dayboats & Runabouts – fast, easy and carefree

Small, versatile and comes in various shapes, the dayboat is yours when your use-case demands a quick, easy-to use and low on maintenance boat. Most of which can be put on a trailer, so that you can move your boat to different locations. Many dayboats are used for indulging in one´s passion like water skiing, diving or fishing.

Bowriders - A day-tripper's delight

Bowriders are characterised by their open bow area which offers ample seating. Bowriders are also often called “party boats” as they are perfect for celebrations on the water, social outings or family fun. Traditionally these are used for day trips, however, it's not uncommon to find some equipped with sufficient sleeping capacities. This versatility makes them popular for a range of activities, including cruising, swimming and watersports. 

Cabin cruisers – boats for comfortable overnight stays

Cabin cruisers bring the comforts of home to the water. Combining the spirit of nautical adventure with the conveniences of everyday living. As their name suggests, these boats are equipped with an enclosed cabin as their centrepiece. Depending on the boat´s size, these versatile vessels can also provide ample living space, including cooking facilities and even sanitary amenities. Their design balances comfort and functionality, making them ideal for multi-day voyages or weekend getaways. 

Sport Cruisers – beautiful sleek design meets power

These motor boats can also be called “yachts” as their size and amenities provide for this marine aloft feeling many owners are looking for. Starting with the small and mid-sized exponents of this breed, even these offer a high grade of luxury amenities. Sleeping cabins and fully equipped bathrooms (heads, as these are called on yachts) are there for the owners and guests. Larger yachts of this category often come with flybridge decks or in the sedan-type, which we will explain a bit later in this article. Sport Cruisers, a the name suggests, can go at high velocities due to their powerful propulsion arrangements.

Trawlers – capable passage makers with ample luxury and onboard comforts

Those yachts are often full- or semi-displacement boats, designed for extended, leisurely trips. While technically they offer the best fuel efficiency and often offshore-sturdiness, these yachts are considered best for long time and long distance cruising and even living aboard. Trawler come in various shapes and sizes: from classic designs to very futuristic yachts.  

Flybridge and Sedan Bridge Yachts

While not a dedicated stand-alone type of boat, for your new motor yacht you should look into these distinct features. A flybridge deck is the uppermost level of any yacht. Here, often underneath a shady T-top or bimini, a forward-facing secondary helm station is situated, making steering the boat on a summer´s day the ultimate experience for the skipper. Behind him, a lush arrangement of seating around a table and aft- or forward facing sunlounges invite to spend leisure time taking a sunbath. Often flybridge arrangements include wet bars, open-air kitchen-arrangements with fridge/freezers or even a BBQ station.

On sedan yachts on the other hand there is no such “upper deck” as these boats are usually used for inland waterway travels. A low upper deck makes passing underneath bridges possible: depending on your use case and the sailing area, this measurement is of critical importance.

Luxury leisure yachts and superyachts – Monaco calling!

As the pinnacle of both yacht design and technological advancements, the luxury yacht and even the superyacht are head turners in every marinas. As they are mooring alongside the prettiest waterfronts of the world´s centres for hedonistic lifestyle, these dram yachts often incorporate the ultimate goal for many boaters. Utilizing the latest technology and boatbuilding materials, such as carbon fibre, superyachts sport utilities unseen in their smaller counterparts: large pivoting openings in the hull´s side turning into pontoons to land the ship´s tender boat, garages with moving platforms housing multiple dinghies, ski-doos and water toys and even helipads for onboard airborne transport. Even if such a yacht is disrupting your budget, it is worth taking a look at these specimen at boat shows for example as they can serve as inspiration for your own new yacht: many boatbuilders incorporate superyacht-features (albeit in an affordable or downscaled version) into their products.

Other motorboat types

As the above mentioned types are the most common, there are much more. Here´s a short list of some of these:

• Pontoon boats are synonymous with fun, space, and versatility. Their unique design, featuring an expansive, flat deck attached to two or three buoyant tubes or 'pontoons', results in exceptional stability and ample space. This makes them an ideal choice for entertaining larger groups, a boat well-suited for an array of activities.

• Catamarans: boats with two parallel hulls providing increased stability and space, popular for both cruising and fishing. 

• Sportfishing Yachts: specifically tailored for angling enthusiasts, these boats come with advanced fishing amenities, fishing gear and fish detection electronics.

• Ski Boats: specifically constructed for watersports, these boats ensure a smooth ride and sizable wake. Their transom is made to take on the loads of a fellow skiing fan towed behind. 

• Houseboats: floating residences with ample living spaces, perfect for relaxed, long-term cruising. Mostly used in inland waters, their mobility is extremely curtailed as most haven´t their own propulsion or, if so, it is only sufficient enough to move very slowly in a very limited space.  

Have you honed in on one of these types already? Then you´ve taken another step towards making your dream of being a boat owner come true. Frequently mentioned in our texts, the type, number and size of the engines seems to be a deciding factor on your quest to make the right purchase decision. And they are! Let´s dive deeper into the engine topic.

Deciding factor when buying a motorboat: the boat´s engines

Just as the heart is to the human body, the engine is to any motorboat. It's the powerhouse that propels it through the water, directly impacting its speed, efficiency and overall performance. It is often the primary source of electric energy that runs the onboard equipment when not connected to the shore power of a marina. As such, understanding the type of engine and how it fits with your boating aspirations is crucial when buying a new boat. 

Most yachts sold in the UK right now are utilizing inboard engines. These can be one single unit or multiple engines. As the name suggests, the engine is situated inside the boat's hull. The location of the engine room is typically in the centre of the boat to balance weight distribution. This location also provides easier steering and better control over larger vessels but also eats up a significant portion of the boat´s internal volume.

Inboard power boats are known for their powerful propulsion, making them popular for larger yachts. However, they require more complex maintenance and are usually more expensive. 

Outboard engines are portable, externally attached to the stern of the boat. These engines, contrary to inboard engines, provide not only propulsion but also steering. When initiated at the helm, the engines move to a certain degree at the transom, directing the thrust created in different angles to the boat, thus changing the course. Outboard engine yachts thus typically have no rudders to steer. As they used to be more common on smaller boats due to their efficiency, easy maintenance and space-saving design, more and more mid-size to even larger yachts up to 50 feet are utilizing the good manoeuvrability and advantages of outboard propulsion. Freeing up the volume of the former inboard-engine room, that´s a plus for cabin sizes aboard these boats.

Often referred to as an 'Inboard/Outboard' (I/O), the sterndrive yacht combine aspects of both inboard and outboard engines. As the very engine sits inside the boat like an inboard, its “drive”, meaning the propeller unit, is mounted outboard. This type offers more interior space and is praised for its improved manoeuvrability over all-out inboard yachts.

Hybrid and all-electric propulsion systems are more and more common in the world of boating and motor yachts. Smoke free, noiseless and very powerful, electric engines are an attractive solution for many use-cases. While the electric motors are high torque and extremely powerful, due to limited battery storage the so called e-boats still lack range. Running time of up to 10 hours at cruising speed is considered the maximum today, unlike with your electric car at home, owning and operating an electric boat requires unique skipper´s capabilities, more foresight and planning ahead. Also, not all marinas are equipped with sufficient reloading capacity.

A solution could be the hybrid drive. Also know from cars, a designated onboard Diesel generator will provide reloading after or during the cruising. These boats are often equipped with auxiliary power generation means like solar panels or wind generators.

While surely the future, hybrid and all-electric boats require special maintenance and care. DIY repairs are often impossible due to the encapsulated and “digital” nature of the equipment.

No matter for which propulsion system and engine arrangement you go: remember to adhere to the service recommendations of the manufacturer. This will not only prolong the service life and conserve constant high performance, but will also keep up the resale value of your yacht.

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The cost of buying a new motor yacht

Budget planning is tricky. Of course, we cannot give an estimate of how much money you will need to purchase a boat. Your local dealer is better suited to hint a first amount according to your use-case and boat type preferences. Nevertheless, there is more than just the upfront price. Your budget should also include the cost for basic equipment of your new boat: from safety equipment to crockery, from designated boat attire to bed linen.

The boat will also create annual running costs for berthing, insurance and operational costs and consumables. Giving an estimate is a tricky game, as those are determined by a lot of internal and external factors, but considering around 10% of the upfront price for paying for the annual costs of your yacht might be a good start. Again, ask your local dealer, for he is better informed about your boat type and local specialties.

Or rather buying a used boat? Pros and cons of second hand yachts

Not a few prospect boat buyers revert to think of maybe buying a used yacht instead. As prices for a new boat are seemingly high, this comes as a handy alternative to save money. But this choice often hinges on more than just the vessel's price. Yes, a brand-new yacht does carry a higher price tag, but it also brings with it the reassurance of state-of-the-art technology. As your new boat is brand new, the protection of the manufacturer's warranty makes for peace of mind and carefree usage in the first years. Don´t underestimate the fact that a new yacht has been tailor made according to your very own individual specifications. Used boats have not. Lastly, the pleasure of being the first owner is second to none.

In contrast, a used boat usually comes at a lower cost. First of all, it often requires careful inspection by a yacht professional to ensure it is free of hidden defects or damage. Depending on the size of the vessel, these inspections are complex and therefore often costly. Also, the warranty of a used boat may be already expired, making all future claims a spending out of your own pocket. Used boats may require a more or less intricate refit: from onboard electronics to hull works, from sanitation and plumping to propulsion and related installations. It´s not uncommon that those expenditures for refitting a yacht offset the price difference to a newbuild.

Here's a clearer picture of the most important aspects of buying new versus used: 

How to bring structure to your yacht purchase process: steps to follow

Now that we have talked about finding and defining your personal use case, the different designs and types of boats and the expected costs, how can you practically approach the task of buying your new yacht?

Here´s a comprehensive timeline, a step by step guide of the principal route to follow:

1. Your boat´s concept: defining the dream  

Your boating adventure begins with a clear vision. Identify the activities you wish to partake in - be it tranquil cruises, thrilling watersports, or multi-day voyages. Determine the size of your typical crew and consider the desired comforts on board. Let´s call it the boat´s use-case. 

2. Yacht research: understanding boat types, engines, and the new vs used debate. Explore various motorboat types to find one that aligns with your use-case. Familiarise yourself with engine options. And lastly, weigh the merits of a brand-new yacht against the financial benefits of a pre-owned boat.

3. Budgeting your purchase: determining affordability and ongoing costs  

Beyond the upfront cost, owning a yacht involves recurring expenses like maintenance, docking fees and insurance. Craft a plan that suits your financial capabilities.

4. Finding the best motorboat dealer: When buying a new motorboat, partner with renowned manufacturers celebrated for their pioneering designs and dependable quality. If you opt for a used boat, sift through online marketplaces to connect with private sellers or establish a rapport with credible dealers specialising in pre-owned vessels. In any case: For first time buyers seek professional help.

5. Evaluation: checking potential boats you may buy. When you spot candidate, conduct a thorough inspection. Again, utilize the service of a professional consultant. Also for used boats, delve into their service history and look for engine wear or damage signs.

6. Sea trial and survey: assessing the boat's performance with a thorough sea trial. Assess it´s performance, handling and response. Also ask your family or partners for their impressons. Additionally, hiring a professional surveyor for a comprehensive inspection is a must to ensure you're making a sound investment. Sometimes, a week or two on a comparable charter yacht may help to get an intimate insight into the boat´s daily use.

7. Boat financing and yacht insurance: protecting your investment is a must! If you're looking at options for financing your motorboat, seek contact to specialised banks. Simultaneously, explore different marine insurance policies. Ensure your investment is safeguarded against unforeseen circumstances.

8. Closing the deal: taking ownership of your new boat is a very special occasion. Review all the documents carefully. Check the yacht handed over by your dealer or the used boat you receive from its pre-owner or broker. Ensuring the boat does not have outstanding liens or encumbrances. Once the paperwork checks out, make your payment and the yacht is yours! Buying a new boat safeguards you against the pitfalls of pre-owned, as the dealer is selling in the course of business and they will ensure everything is correct.

9. Registration of your motor yacht in the UK: Buying a yacht in the United Kingdom may require registration, depending on how you intend to use your boat. If you plan to sail within the UK's inland waterways, you must register with the Canal & River Trust or the Environment Agency. For overseas travel, the Maritime and Coastguard Agency (MCA) necessitates Part 1 registration. Even if it's not mandatory for your use, you may choose to voluntarily register your boat as it entitles you to fly the British Red Ensign. Another option is Part 3, which is simpler and less costly, but does not confer the same benefits. Seek professional help as this process may be a bit overwhelming.

Now that the boat is yours: enjoy your new yacht! Take it out to the seas, settle in, make yourself familiar with all amenities, the capabilities and of course all the luxury and leisure that comes with it! If you are a first-time boat owner or the new yacht is a significant upgrade in terms of its size or performance, you may hire a professional skipper for a multi-day or multi week long onboard training, especially when it comes to handling the boat for berthing.

With ownership also comes responsibility: Strictly adhere to a regular maintenance schedule to keep your yacht in prime condition. As safety always comes first, this will also ensure the resale value and minimize dereciation.

What to avoid when buying a yacht in the UK?

Regardless of whether you are purchasing a new or used motor yacht, there are crucial points to keep in mind to avoid common missteps:

1. DO NOT rush the buying process. Instead, take your time researching various models, brands, and dealers. While limited offers may be very attractive, a bargain boat may not be the right one for you. 

2. DO NOT skimp on your budget. instead, plan for the true cost of owning a yacht, including maintenance, mooring, insurance, and operational costs. 

3. DO NOT neglect performance and fuel efficiency. Instead, consider motor yachts that balance luxury with practicality. Look ahead and into future technologies but also remain anchored in the present day realities.

4. DO NOT ignore sea trials. Instead, always thoroughly test drive the yacht to ensure it meets your expectations in terms of handling and comfort. Don’t get sidetracked by the vendors, concentrate on the vessel and how it fulfills your demands. 

5. DO NOT overlook layout and space. Instead, look for a yacht that suits your lifestyle and intended usage, such as entertaining, living aboard, or long cruises. Also plan ahead: your life circumstances may change in the foreseeable future, adjust those upcoming new needs to be incorporated into the boat.

6. DO NOT buy based on brand reputation alone. Instead, do your research to find the best motor yacht for your individual needs. Utilize boat shows to widen your knowledge, be inspired by taking a stroll in marinas. Talk to boat owners on the pontoon.

7. DO NOT skip professional consultation. Instead, use the services of a yacht broker, who can provide expert guidance, negotiate the price, and handle paperwork. Rely on the competence and experience of your boat dealer. He is a true expert in his field.

8. DO NOT underestimate the impact of Brexit on customs rules. Instead, make sure you understand the VAT and import duty implications when buying a yacht from EU countries. The costs and legal requirements could significantly increase the overall price of your motorboat.

9. DO NOT ignore the changes in cruising rights. Post-Brexit, UK-flagged boats are allowed to stay in EU waters for only 90 days in any 180-day period. So, consider how you plan to use your yacht and whether this will limit your intended navigational area. Always check for the current legal rules for any sailing area you put your boat in.

Buying a new motor yacht: conclusion

In essence, understanding your needs before purchasing a new yacht is an investment in itself. As your nautical journey begins, stay open to experiences. It's not just about reaching the destination but also creating an unparalleled seafaring adventure that is uniquely yours. And while in the midst of it all, consider our range of motor yachts, each promising a unique blend of luxury, performance, and durability. Our network of dealers is happy to provide guidance and essential help so that you navigate safely this exciting journey to your own yacht.

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