Tips for Buying a Used Yacht in Panama

Where will you keep her?

If you are to buy a used yacht in Panama you surely want to make good use of her, so best decide where you want to keep her and make sure it’s feasible. Check mooring fees, availability and suitability

With whom will you sail?

Perhaps so, but it is regularly a surprise to the new boat owner that when the concrete invitations finally go out, committed crew are suddenly less plentiful than you might have expected

Consider how easy your new purchase is to sail shorthanded.

Don’t buy a used yacht in Panama that’s too labour-intensive for your proposed use and crew profile.

Bluewater and teak decks or a plastic fantastic?

Since the advent of fiberglass boat production, sailors have had a love-hate relationship with teak decks. On the one hand, teak desks provide a good non skid surface and add a feeling of warmth to a boat’s appearance. On the other, teak is expensive and time-consuming to maintain.

By contrast, synthetic teak decking can be installed at a fraction of the cost—30 to 50 percent less, depending on the job—and requires almost no maintenance to keep it from splitting or going gray. It is also much “greener,” in that it doesn’t involve harvesting tropical hardwood.

How much will she cost?

buy a used yacht in Panama is only half of the financial battle. Owning it has a cost as well, and you’ll need to understand just what you’re getting into well before you buy. These items include:

  • Crew
  • Maintenance
  • Insurance
  • Operational Expenses
  • Mooring and Storage

Always get a survey.

Clearly it’s worth commissioning a survey of your proposed purchase before you hand over the cheque when you buy a used yacht in Panama

As with houses, a surveyor’s report can make frightening reading, so make sure you consider it with a cool head. Remember, he is looking for faults. You’d expect him to find them. We’re talking about boats here after all! Just bear this in mind when you read the report and, of course, don’t be scared to walk away if the news is too dark.