How much doest it cost for a yacht charter?
How much does it cost to rent a yacht, which affects the cost of renting a yacht, and what additional costs must be taken into account when renting a yacht. In this article, we have collected all the factors that need to be considered to calculate the budget required for renting a yacht. The main conditions that affect the price level of yacht rental are the time of year, the yacht region, the model of the yacht, and the range of additional services that the charter company offers when renting a yacht.
How does the region of yachting affect the cost of renting a yacht?
The most budget options for a yacht charter in the Mediterranean can be found in Greece and Turkey. In high season, the cost of renting a 3-cabin yacht 40-42 feet (11-13m) in these countries varies between 1500-3000 euros per week, depending on the model and year of manufacture of the yacht. The highest cost of renting a yacht in the high season (July, August) is in the Balearic Islands and Croatia, from 3000 euros.
Among the "winter" yachting regions, the lowest cost of yacht charter is in the Canary Islands. Prices for renting a 3-cabin yacht in December-January (excluding the New Year's holidays) from 1500 to 3000 euros. The highest price level for a yacht rental is in Thailand.
How the rental price depends on the yacht model
In the modern world, there are a huge variety of yachts of different sizes, styles, and technical capabilities. The most popular class of yachts for charter are yachts from 30 feet (10m) with the optimal level of comfort for long-distance travel. For all types of yachts that are offered for rent with a captain or bareboat, certain criteria affect the rental price. The main ones are the yacht's year of manufacture (the newer - the more expensive) and the size of the yacht (the larger - the more expensive). New yachts (not older than 3 years old) are 15% more expensive than yachts 4-10 years old.
Yacht rental price including discounts
In the price list of charter companies that offer yachts for rent, prices are indicated for a 7-day yacht rental period. This is the so-called base value because the minimum rental period for a yacht is 7 days. There is a standard system of discounts for yacht charter, which is used by almost all charter companies. Also, depending on the workload, each charter company may offer additional discounts for certain dates.
Additional payments when renting a yacht
1. Additional services offered by charter companies
The yacht charter contract usually includes only the cost of renting the yacht itself, with all the basic equipment and inventory found on the yacht. Also, there are additional services offered by charter companies when renting a yacht, which must be paid already at the base, when accepting a yacht - yacht cleaning, bed linen, outboard engine for a dinghy, etc. Certain additional services are mandatory for payment, for example, yacht cleaning. Some services can be selected at will. Each charter company has its list of additional services.
2. Insurance deposit for the yacht
When renting a yacht, it is imperative to leave a security deposit for the yacht. It does not depend on whether you rent a yacht on your own (bareboat) or with a captain. The yacht insurance deposit is the deductible of basic yacht insurance. Thus, the person who leases the yacht is liable for breakdowns and damages on the yacht up to the amount of the security deposit. All subsequent costs are covered by the insurance company. The amount of the security deposit depends on the size of the yacht. So for a yacht of about 40 feet, the size of the security deposit is about 2000-2500 euros.
The yacht for rent is provided with a full tank of fuel and, accordingly, it is also necessary to return the yacht with a full tank. On an average 40ft boat, fuel costs per week are around € 150-200. It all depends on how often you go sailing and on the engine. Sailing is always pleasant and much more economical.
4. Meals on the yacht
The amount spent on the purchase of food and drinks for the yacht directly depends on the wishes of the crew. If the plans include meals onboard in the form of snacks only, and the main breakfast-lunch-dinner are planned in restaurants, this will be one amount. If visits to restaurants are not welcome and the main meals are on board, this will of course be a different amount. On average, with a combination of meals onboard and in restaurants, the amount for food for a yacht for a weekly cruise by a crew of 4 people varies around 300-500 euros.
5. Yacht berths
Regardless of the region and the charter company for yacht charter, the first and last day of stay at the yacht club is included in the yacht rental price. All parking in yacht clubs along the route of travel on a yacht is paid additionally. The order of prices for the anchorage of a yacht 40 feet - 30-80 euros. Quite often, you can do it without going to yacht clubs. You can stop at the bays on the piers that belong to restaurants.