A very refreshing and honest accounting from someone that can obviously afford the boat they’ve chosen. Most people wouldn’t be so forthcoming about the financial side of owning such a large boat. Thank you James and Filipa for your candor and good humor, you seem like really nice folks.
at that point it doesnt matter if the boat costs 1 million or 2 million. But it does sometimes help people who are after second hand or older yachts make a decision.
I would love a boat with standing headroom and I bet they don't know what bucket and Chuck it means, salt water natures disinfectant My well equipped Elizabethan 23 cost me 4 thousand pounds 20 years ago sails like a 5 knot OCC 6 dream I'm not envious at all but good information in case I win the lottery. PS nice people.
Sardinia Corsica fuel ! Yep … everything is expensive there. I found eating ashore cripplingly expensive too and I’m not poor ! 😂 I agree with other comments here … James and Philipa have been very candid here ! (Extremely useful for those of us who are returning to sailing after a 20 year break !) What a lovely couple… best wishes.
One of the best, if not the best, sailing videos I have seen. Informative, interesting, down to earth and honest, brilliant. A must see for any one wishing to do this lifestyle. The numbers might be scary but you can equate them to any size of yacht. Fantastic job.
WOW! This is an eye opener. A boat priced at USD500,000 actually costs USD924,000 unless you are ready to live a spartan life after investing half a million! So Bavaria follows the "`BMW trick". Starting price is Toyota but when you equip it to Toyota level, you pay at least 50% more, though all due respect Bavaria is not the BMW of the boats... And actually here the mark-up is more than 50%...
...... very interesting .... two upgrades that come to mind that, to me the non boat owner yet, stuck out, actually three, larger engine (so often when looking at used one questions if the motor would be adequate in a dire situation) electronics having the latest is paramount and thirdly refrigeration and found it interesting that they had an additional Dometic chest freezer in one of the aft cabins. Being able to stock up when you find economical supplies, stellar. Also enables to stay out longer without having to find somewhere to provision and that brings 4 the watermaker .... oh yes something not mentioned, a sextant, so to be always learning, so not lost when that solar flare comes or that lighting strike .... another great Sophie and Ryan installment, thx to the both of you .. as always never stop dreaming, just dream bigger .. have fun be safe, save our oceans .....
I’m building a cat in Asia, but I plan to live near the builder’s boatyard for a year after it’s built and sail it there to get all the bugs out while living nearby. I’ve owned enough boats to know how it works. My builder is totally open to that, and will make adjustments/repairs as necessary. But I will be retired at that point, so can spend the time there. I wouldn’t buy a boat expecting to sail away. Even used. Spend some time near good mechanics and yards until the kinks are worked out.
Guys, thanks, this is one of the best videos out there. The honest experience, the value of lessons you learned and sharing with the rest of us for free cannot be appreciated enough. I especially like the part about all the nav gear, radar, lights... one would call it a luxury features, but in fact these are all safety features and from my point of view essentials, IF(!) someone plan to sail that much, crossing the oceans, spending months and months on the boat. I always thought these could be expensive, but that it will double the cost of the boat is an eye-opener.
Had a Beneteau 432.....as with All new boats we have issues. Lost 10 lbs during the commissioning. It was also 3 weeks late. Our boat show purchase had a few good options included to help with sales including most of the instrumentation we needed. Of course we added lots more. In the small print they are allowed to make cosmetic changes. Found out through our owners group they were removing some internal teak. I was able to have some installed but no all. Made me sign a nondisclosure agreement that I would no tell others of our agreement. Opps.....love the boat but they can be a pain to purchase. If you buy a used boat you may not get exactly what you wanted but if a survey is done properly at lease you know what your getting.
Insurance has to be the most annoying costs, that you never need till you don't have it. But any place that has had huge write off costs associated with weather you see huge premiums. Very insightful video guys!
This is S/Y Rain Finger, admiring your methodology. We circumnavigated in the 1980s. This trip we bought a used boat, hired subcontractors that we supervised, fitting out this boat (Bristol 35.5 with electric drive). In the Covid era there is a lot of talent, looking for work. You guys did a great job on your boat, and learned there is no substitute for experience when going to sea.
One of the best and most direct cost to real ownership videos I have ever seen. Helped me and my family a lot. I hope you have continued success. Thanks!
Big thanks to James and Philipa for their very candid informational video! Sharing Aequis with all of us, your buying process, the good , bad and cautions that you’ve learned throughout the past two years. Love Aequis, she looks absolutely beautiful!! Thanks so much for sharing and Sophie, great job as always!!
A big thank you for the candid information from your friends. Just to complete information on the other side of possibilities, I have bought a new boat from Bénéteau, an Oceanis 31 in 2018: basic cost was 78'000 Euros , options kept to a minimum but including transport was 19'000 Euros and the local preparation cost was 6000.- Total just over 100'000 eur or some 125'000 US$. I then added some improvements as a gennaker, solar pannel and some more instruments for some 5000 euros. A 31 footer is probably the minimum size to sail away, but I am not in this case, I sail on a lake in in the middle of Europe and my boat is 15 minutes away from my home. I paid 30% in advance, the big chunk before delivery and the last preparation cost to the dealer after a local check up sail. Very few hicups as the model is not a new one, it was in fact replaced two years later. All was basically taken care of by the dealer under warranty. I follow you Sophie and Ryan because of the brand of the boat and the technical advice you bring to the table, well... and also because of Sophie's smile....
Great video. I have been lucky enough to buy 2 new boats in the last 6 years - I agree with the comment - stay close to the dealer for the first 12 months! They don’t work out of the box like a car. The thing that surprised me most was that there is no safety kit included - no flares, life raft, beacon, heaving lines, jack stay etc. I appreciate that most people want to spec their own but a basic kit would have been good.
Hi Chris, the total price does include all the safety gear we have on board such as off shore life raft, EPIRB, life jackets, flares etc... But you are right that they are not included in the bareboat price!
I love the transparency of these guys. I’ve heard the hidden cost and breakdown costs of new boats before. It seems like the way to go is buy a strong 20 year old hull and replace everything, including the engine… then stay local and try to break stuff for a while.
That would seem to be the clever alternative, but it has a lot to do with the grass always being greener on the other side of the fence. If you like old heavy hulls you might save a large amount getting a good price. The second part of your plan is a complete bust! Everything you refit to an old boat costs far more, has more quality problems, and loses more than half its resale value the second you install it! Find some fool that did everything you want but now needs to sell... This couple did a fine job putting together a fine boat. If you think $1M is not a good deal, talk to a guy that paid that much or more for a divorce...
@@skyak4493 in the early 1990s manufacturers learned to lay fiberglass in temperature controlled environments. Strength and longevity is based on hull thickness. The lightweight sandwiched hulls some manufacturers today are making haven’t been tested through time and do not survive impacts. Sailboats have ballasted keels… lightweight doesn’t mean much. Also, when you buy a new boat it does not come with the things you would expect. Most of it is aftermarket installed by a local technician during the commissioning process. People have an idea in their heads that a new boat is better and more reliable… not true. Save $500,000 get a used hull and replace everything… engine, instruments, heater, air conditioner, batteries, solar, windless, mast, sails, everything…. A hull is just a design and a platform to install everything you need.
Thanks to all on this video, seriously a full understanding of the cost and the resources needed from someone that can afford this life style. The one thing I have noticed on all sailing channels, is the endless maintenance issues. Clearly, James and Philipa have significant wealth to pull this off without much concern.
Hi Ryan & Sophie, 2 times a day I am driving on the boulevard from Bonaire. And always looking to that beautiful boat of yours on the mooring. Enjoy our beautiful island and the Caribbean .
These owners were right on point I bought a Jeanneau 519 new and found the process to be painful. I reluctantly upgraded to my currently Jeanneau 58 also new. While we love our 58 it too was painful working through all the items not just right. I like your guests have owned ours for going four seasons and have finally worked through all the corrective items but now I’m beginning into the normal maintenance items coming up . I too liked that I bought new but I think if you know what your doing you can find a well fitted resale boat too. I will say my Jeanneau came with many more of those items standard vs optional. 6 power winches, 4 heads, 5 ac units and many other items. So when you buy new you must throw a wide net.
Congrats on your boat and thanks for your insight. Did your warranty cover a lot of the issues? That feels like one benefit of buying new vs used. Thanks in advance!
Sophie: Another great video. Key takeaway: Have the boat thoroughly tested before sailing away. There are good 3rd party companies next to the Hanse plant in Germany that do inspections and sea trials for the dealers before delivery to customers. I'm sure the same applies to Bavaria. The premise that its easier to resolve issues on a new boat when next to the plant. Greifswald, Germany has very good aftermarket companies to do the work that was not on the factory offering list, and they also provide the warranty repair work for Hanse. I got a lot from this video - thanks again. Dave.
Very nice couple and extremely nice of them to be so forthcoming about their experience and costs. Many UA-cam channels are exposing many facets of production boat mfg's shortfalls. A list of (or at least examples of) what a was not correct would be somewhat useful. I have now lived on my "new to me" 1991 Pacific Seacraft 37' for 1 1/2 years and have sailed it a couple thousand miles. Like many folks my departure timeline for cruising was delayed due COVID, with the upside being that am still realizing what I want to upgrade while still based out of my home port. Great video.
Just like the other comments, Very helpful and I agree there is a lot to be said for buying a second hand boat. If anything just the added stuff they bought and are including in the sell of it. simple stuff like Oil, Wd40, wench handles, cushions, tender and motor etc. etc. etc. Thanks so much for the video
Thank you for making this video and to James and Philips for sharing their costs, great insight into the true costs of new boat ownership. I knew parts of the Med are very pricey but you really put some detail to that. Bavaria really ought to include the cockpit fridge as standard. Cheers
Thank you for the amazing graciousness of sharing your experience as relatively inexperienced owners of a brand new yacht and model. It is incredibly important that potential again, relatively inexperienced prospective buyers of these incredibly complex and exceptional machines understand the TOTAL COSTS of acquisition and "growing pains" they and their vessels will undergo during the first 14 - 26 months of ownership. I couldn't help thinking while watching that viewing this video should BE REQUIRED of all purchasers of new model ocean-going vessels.
What a beautiful boat ! That is probably the widest interior I've seen in a sailboat. I am weighing my options for a new vs used catamaran or restoring a racing/cruising trimaran so I can relate to this video.
Wow and another ship I know, the drilling vessel in the background is a sistership in the company I now work in. You guys see so much that I recognize. It makes watching your channel a surpise every time. I hope you have many safe miles and adventures ahead. Living the dream with all challenges that come with it.
Get a cockpit refrigerator for beer. A water maker will keep me out of marinas. I probably don’t need underwater lights. Consider a used boat. Hold back some final payment until all problems are fixed. Stay close and sail often until all systems are well tested. In the Mediterranean budget for lots of fuel and/or get a good light air sail. In the Caribbean budget for Insurance and air conditioning. Get a Dive Compressor. 😃 Mo Money Mo Problems.
Join the Royal Navy at 17 and obtain Mariner's skills and qualifications. Retire 10 years later, work for 10 years on luxury vessels cleaning and sailing for billionaires and their escorts, then with savings, buy a decent second hand yacht and follow Mr English Coach Chad's list of suggestions. Keep in mind that something like a Bavaria yacht costs the same as a Mortgage within the edges of the M25. Good luck. And oh yes, open a UA-cam channel and produce content. All the best. (This upload gets a thumbs up from me).
No wonder Bavaria came out of bankruptcy right after these guys:-) Very well specified boat! We had similar problems with another manufacturer when we bought our new boat. After 2 years it became a good boat
I spent many years sailing around Italy and France, and we rarely ever stayed in marina's, plenty of places to live on the anchor. Croatia has plenty of place to anchor, Greece is really pretty much the sole hold out here, they are picky about where you anchor. Those are some pretty crazy prices that were posted in this video, I never came close to those numbers.
James and Philipa thank you for sharing. This is the first video covering the realities of a new sailboat from the buyer perspective I've seen! Very informative. Kinda wished you would have offered up a few of the flaws you found, but "beggars can't be choosers. I learned a lot! Thanks!!
I don't think you title this video right -no beggars, just choosers... I think it would be "millionaires should not be complainers". They did fine. That is just what it costs.
I have gone through 11 new boat builds of various size ... they have all had minor problems but all have been resolved at no additional cost. One was rather costly for the builder and the repair took place in the Bahamas, the builder is in the northeastern US. They flew a tech down to make the repairs, all he needed do was adjust one screw ... that is the builder you want.
Filippa and James, thank you for taking the time to make this candid video. I had no idea how the new boat world works. Do you guys have any regrets not buying a used catamaran? From my living room those fly bridge Lagoons look like the hot ticket. James, your 20 year old Rolex GMT Master II has gone up in value 5x. It would be nice if boats did the same.
Thank you all for this. I've saved my money and I have this rosy picture of buying a new boat and sailing off into the sunset... but a new boat having as many problems as a used boat? That's really good to know, for two reasons. First, if I do get that new boat I won't feel screwed and second, that makes me less worried about buying a used boat. First bubble burst: all the wonderful options . . .+30%? Nope + 100%. Whew! now I won't get whiplash. The whole sail boat industry owes cruiser channels like yours a huge debt.
I've seen James and Phillipa on other channels plus urs. I'm waiting for Phillipa to start putting out videos like she said she wanted too. James and Phillipa are and would love to start following them. Ive already subscribed to there channel like 3 weeks ago but no video from them yet. I love u Ryan and sophie and have been following u guys for a long time. Thank you for ur awesome videos! Good luck to James and Phillipa! Chuck from Chatham, Massachusetts
Thanks for the openness and transparency of this video. Maybe worth elaborating on the lifestyle choices leading to the costs in the Med. $20,000 for marina costs is expensive- did you move around a lot and therefore pay higher daily rates or have a fixed space in a nice marina ? And $11000 for fuel works out roughly at 11 500l tanks at $2 per liter. Even at 10l/hour fairly high rpm motoring, that’s well over 500 hours engine use. Absolutely no judgement here but moving on frequently or on a schedule can increase the cost compared to seeing where the wind takes you.
Good explanation. Things come for different tastes. One doesn’t need half of the things they added, but it’s their boat, I do think it looks neat. I’m more simplistic and practical. That said, one has to live on a boat in order to see if one would want to pay the costs for those things that aren’t essential needs. When I was looking at aircraft, I drew a line at the maximum total expenses (fixed and variable) for which I had budgeted, worked 15% below there to account for overruns. Same applies to boat purchases and anything else in life.
Great video with realistic and well found advice to future sailboat owners. Stuff happens on all sailboats but having a new boat under warranty is better or a very well maintained one owner boat can work too. I was very fortunate to have a exceptional Beneteau dealer who made my experience in boat ownership a dream compared to others I heard about. It's all about service after the sale satisfying the new owners punch list of boat equipment needing adjustments (all boats have them)..that's why I purchased my Beneteau 40 after getting great service on my original Beneteau 361 10 years before.
Don't understand all the negative comments... this video was so insightful! Thank you!!! I have been thinking at length about buying a Bavaria C57, with many of the same features, so this has certainly opened my eyes! Will definitely be following their page too for more information!
This is a fabulous, important video. The lesson, which he uttered at the very beginning, is to buy a used boat. On a smaller but not minor scale, I had the same experience and feel the same way. If I do it again, used! Been on land for six years now but am wondering.....
How Filippa and James can afford this boat is none of my business. Their reasons for buying this boat is none of my business. My interest is in appreciating their lifestyle, the home they live in, and the fact they can go, literally, anywhere the water is deep enough to float their boat, And, btw, I also deeply admire Sophie and Ryan for what they have done. Yeah! :¬) Webhead USA
Thank you for sharing what it is felt from my view an honest assessment of your experience, and what I learned and took from it is to avoid new boats, specially if you are inexperience.
What a great interview and very frank... loved it! Yes! Now where's my lottery ticket! Nice boat, and for the size, not too expensive considering the specification you now have. You seem to be enjoying it but the Caribbean insurance costs are prohibitive. Great video Ryan and Sophie. It would have been nice to check out the sailing abilities of the Bavaria. Any issues with haul out on a boat that size?
There's a trend now for non-sailors to buy boats and think they can beat the high cost of owning a home . I believe your video of your honest costs for cruising should be mandatory viewing . You seem like a very cool couple and your boat is really nice ! Cheers ..
Great video guys! Keep living the dream! As you know we discovered a lot of initial problems too at the beginning, but like you, our boat is now finally almost perfect. My next expense will probably be solar panels too...... we plan on cruising up north (to where the butter melts) at the end of April..... cruise the east coast of Australia with no rushing this time. Stay safe. 🥂
I love this video! Wow, I know nothing about boats and I learned so much about the costs of buying, owning, and running a boat. The expenses are never-ending. I'm happily surprised by how candid you both are. Most people don't want to talk about these costs. Have you heard of the new "Silent-Yachts?" They are catamarans with solar panels. No sails. No engines. No maintenance. Completely silent. They are like the Tesla's of the boating world and they are just getting started. I discovered them today and I wonder what you think about them. They are very expensive though and they might over promise and under deliver. Another weird thing I've noticed about boats is that it doesn't matter how expensive a boat is. From small boats to super yachts all boat interiors have these awful light strips under the bed, sofa, tables, everywhere. Often these light strips are in the ceiling too. I think these lights are cheesy looking but since everyone uses them there must be a reason? What, so you don't stab your toes climbing into bed? In general boat interiors are ugly. The prettiest interior I've seen is on the Ghost sailing yacht by Luca Brenta and Lissoni. It's a masterpiece. Beautiful boat interiors are not about money but about taste. Have you seen the interiors on Below Deck? Ugh, gag me with a spoon. Geeze, I wish someone would call me so I can design the interior of a boat.
Funny your talking about cost, I remember reading an article about Paul Allen co-founded Micro Soft. He owned several boats one was called Octopus. The weekly cost including payroll was around $370,000. If you ever get time to look it up it’s a very interesting boat, now that it’s up for sale there is quite a bit of information on it on different areas of the internet. One of the dinghy was 63 feet.
Allen was a billionaire. He could devote $1 Billion in an account for just the boat, and the money would last 52 years. ($370,000 x 52 weeks = $19.24 Million x 52 years = $1 billion). Allen also owned the Seattle Seahawks, an American football team.
@@webheadusa9377 he also owned the Portland Trail Blazers basketball team. Portland said they were going to build a new building for the team they were dragging their feet Allen build it himself.
Thanks for sharing their story. It is consistent experience as shared by other new boat buyers. We will be buying used because new is too expensive anyway but we figure we'll have to deal with problems regardless.
Same here, I would put the money to work in the stock market and use the dividends to pay for the luxury boat rental, complete with a personal chef and captain.
Buy well equipped 2-3 year new boat. In that way most of the teething problems are resolved and the optional equipment is near new and should be in good working order.
Thanks for sharing this. The scale is not my reach but the idea about what it means to shop for a boat new is generous to pass on to others and applies to smaller scale as well I think.
Thanks for the the video. Indeed very revealing on how much it costs to buy and run such a yacht... My experience has been very different I have to say. Just as background information I have been on the water ever since I remember myself, as this was the passion of my parents. As soon as I got my first money, I bought a used but well kept 38 ft sailboat to be used in the med. pretty basic compared to the Bavaria, but hardship is for the young... As my income was growing, I was upgrading always with used sailboats, until we had kids. Kids are a game changer... Your needs for comfort and safety change dramatically, and you basically forget sailing altogether for 4-5 years. Kids are also impatient... They want to get there and have fun on the water, which rules out anything other than a fast sailing catamaran, or a motor yacht. So I opted for a motor yacht. First a used Ferretti 45, with a plan to upgrade ASAP to a new yacht. When the financial crisis of 2008 hit, I started looking for bargains in brand new yachts. So I ended up getting a fully equipped (literally all extras checked) 45 footer for the basic price... Yes, teething problems were there, but not many. I ended up selling it 6 years later at almost 70% of the purchase price. As the kids grow older they obviously need more space, more cabins, in order to have companion on board. What do you do then? Look for a model to be replaced soon. Same story there. Again a 60 footer with all extras checked, at the base price. One would argue this is an old model, so value would depreciate fast. But the big number is the purchase value, and if you shave that by 30% or so, you have an advantage anyway. Usually the new models come out of the same mold as the old ones, have a slightly wider bathing platform to gain a few feet, and the upgrades are really meaningless. But the production leftovers have to be sold, and therefore get heavily discounted. For the rest, same engines, same genset, same navigation equipment, same amenities, and far fewer teething problems, as the old model counts 300-400 units already... Now the kids are gone, and speed kind of became irrelevant. A sailing yacht is too much of a hassle after 20 years without one, so I am looking for a trawler in order to live aboard full time. No TV screens needed anymore, or perhaps just one for movies in the salon, but offshore communications are critical to run the business and stay connected, and thankfully Elon’s Starlink is coming soon! So guess what I am doing now...
I wonder just how much sailing experience they had before embarking on such a huge journey. Did they learn "on the job"? I would love to learn to sail (which is why I enjoy these videos so much)!
second hand is always smart for most things. Easy to be wise after but great that you were clear about the price paid. Hope you have a wonderful time. Very jealous obvs.
![How much does Boat Life REALLY Cost? CRUISING on a Bluewater SAILBOAT [2 years to 2020]](http://i.ytimg.com/vi/sbt3VpPWLVU/mqdefault.jpg)
It was very kind of them to share the financials. Thank you all....
@@barendgarvelink @z20000z Thanks guys!
A very refreshing and honest accounting from someone that can obviously afford the boat they’ve chosen. Most people wouldn’t be so forthcoming about the financial side of owning such a large boat. Thank you James and Filipa for your candor and good humor, you seem like really nice folks.
Thanks Richard
I agree. I know nothing about boats but I was super impressed with the candidness and modesty from these folks in this video. Great people.
at that point it doesnt matter if the boat costs 1 million or 2 million. But it does sometimes help people who are after second hand or older yachts make a decision.
Very nice video!
I would love a boat with standing headroom and I bet they don't know what bucket and Chuck it means, salt water natures disinfectant My well equipped Elizabethan 23 cost me 4 thousand pounds 20 years ago sails like a 5 knot OCC 6 dream I'm not envious at all but good information in case I win the lottery. PS nice people.
I have to say, this was the most forthright explanation of costs I've seen. Really eye opening. Thanks!
Yeay! So glad you liked it ☺️
Absolutely! A real eye-opener!
Sardinia Corsica fuel ! Yep … everything is expensive there.
I found eating ashore cripplingly expensive too and I’m not poor ! 😂
I agree with other comments here … James and Philipa have been very candid here ! (Extremely useful for those of us who are returning to sailing after a 20 year break !)
What a lovely couple… best wishes.
I've seen James and Phillipa on other episodes and channels and they seem like very down to earth, good people.
Thanks James! ☺
Appreciate your friends sharing their costs. An eye opener, for sure.
Your welcome Leo!
fantastic, thanks. unfortunately just a pipe dream for me but lovely to see people doing this, all the best xxx from the UK
One of the best, if not the best, sailing videos I have seen. Informative, interesting, down to earth and honest, brilliant. A must see for any one wishing to do this lifestyle. The numbers might be scary but you can equate them to any size of yacht. Fantastic job.
That was great. It's one thing to show UA-cam your boat, it's so much more to be candid about all the costs and mistakes. Thank you!
WOW! This is an eye opener. A boat priced at USD500,000 actually costs USD924,000 unless you are ready to live a spartan life after investing half a million!
So Bavaria follows the "`BMW trick". Starting price is Toyota but when you equip it to Toyota level, you pay at least 50% more, though all due respect Bavaria is not the BMW of the boats... And actually here the mark-up is more than 50%...
Only if you go about it the way these people did. Anyone with sailing experience would have had a much better boat for a lot less money.
...... very interesting .... two upgrades that come to mind that, to me the non boat owner yet, stuck out, actually three, larger engine (so often when looking at used one questions if the motor would be adequate in a dire situation) electronics having the latest is paramount and thirdly refrigeration and found it interesting that they had an additional Dometic chest freezer in one of the aft cabins. Being able to stock up when you find economical supplies, stellar. Also enables to stay out longer without having to find somewhere to provision and that brings 4 the watermaker .... oh yes something not mentioned, a sextant, so to be always learning, so not lost when that solar flare comes or that lighting strike .... another great Sophie and Ryan installment, thx to the both of you .. as always never stop dreaming, just dream bigger .. have fun be safe, save our oceans .....
Excellant, very clear and concise and very honest. Good on you all.
I’m building a cat in Asia, but I plan to live near the builder’s boatyard for a year after it’s built and sail it there to get all the bugs out while living nearby. I’ve owned enough boats to know how it works. My builder is totally open to that, and will make adjustments/repairs as necessary. But I will be retired at that point, so can spend the time there. I wouldn’t buy a boat expecting to sail away. Even used. Spend some time near good mechanics and yards until the kinks are worked out.
Great episode - and thanks to the owners for that candid and sobering account. Lovely Yacht for sure... just think it should've come that way. Thanks!
Guys, thanks, this is one of the best videos out there. The honest experience, the value of lessons you learned and sharing with the rest of us for free cannot be appreciated enough. I especially like the part about all the nav gear, radar, lights... one would call it a luxury features, but in fact these are all safety features and from my point of view essentials, IF(!) someone plan to sail that much, crossing the oceans, spending months and months on the boat. I always thought these could be expensive, but that it will double the cost of the boat is an eye-opener.
Had a Beneteau 432.....as with All new boats we have issues. Lost 10 lbs during the commissioning. It was also 3 weeks late. Our boat show purchase had a few good options included to help with sales including most of the instrumentation we needed. Of course we added lots more. In the small print they are allowed to make cosmetic changes. Found out through our owners group they were removing some internal teak. I was able to have some installed but no all. Made me sign a nondisclosure agreement that I would no tell others of our agreement. Opps.....love the boat but they can be a pain to purchase. If you buy a used boat you may not get exactly what you wanted but if a survey is done properly at lease you know what your getting.
Wow!!! Thanks for sharing Wayne, how interesting! Sorry that the commissioning was so stressful, that did not sound fun :(
Insurance has to be the most annoying costs, that you never need till you don't have it. But any place that has had huge write off costs associated with weather you see huge premiums.
Very insightful video guys!
Very nice interview with James and Philippa. Very informative and a nice vibe. Thanks to you all
Thanks Olav.
Thank you guys and thank your friends. It great the hear from someone be open about the costs.
This is S/Y Rain Finger, admiring your methodology. We circumnavigated in the 1980s. This trip we bought a used boat, hired subcontractors that we supervised, fitting out this boat (Bristol 35.5 with electric drive). In the Covid era there is a lot of talent, looking for work. You guys did a great job on your boat, and learned there is no substitute for experience when going to sea.
I'm in the Market for a used boat.
Your Bavaria is fabulous, I'll be looking into Bavaria's yachts.
Thank you for a great video
Beautiful. I really appreciate the facts and figures for a realistic idea. Thank you.
One of the best and most direct cost to real ownership videos I have ever seen. Helped me and my family a lot. I hope you have continued success. Thanks!
Big thanks to James and Philipa for their very candid informational video! Sharing Aequis with all of us, your buying process, the good , bad and cautions that you’ve learned throughout the past two years. Love Aequis, she looks absolutely beautiful!! Thanks so much for sharing and Sophie, great job as always!!
You're very welcome!
Thanks to these guys for being frank and transparent about the costs. Rarely fo you get this kind of info.
That is probably the best yacht video i have watched, thanks
A big thank you for the candid information from your friends. Just to complete information on the other side of possibilities, I have bought a new boat from Bénéteau, an Oceanis 31 in 2018: basic cost was 78'000 Euros , options kept to a minimum but including transport was 19'000 Euros and the local preparation cost was 6000.- Total just over 100'000 eur or some 125'000 US$. I then added some improvements as a gennaker, solar pannel and some more instruments for some 5000 euros. A 31 footer is probably the minimum size to sail away, but I am not in this case, I sail on a lake in in the middle of Europe and my boat is 15 minutes away from my home. I paid 30% in advance, the big chunk before delivery and the last preparation cost to the dealer after a local check up sail. Very few hicups as the model is not a new one, it was in fact replaced two years later. All was basically taken care of by the dealer under warranty.
I follow you Sophie and Ryan because of the brand of the boat and the technical advice you bring to the table, well... and also because of Sophie's smile....
Great job James and Philipa were very open and honest about what it takes to sail on a big rig like that
Great video. I have been lucky enough to buy 2 new boats in the last 6 years - I agree with the comment - stay close to the dealer for the first 12 months! They don’t work out of the box like a car.
The thing that surprised me most was that there is no safety kit included - no flares, life raft, beacon, heaving lines, jack stay etc. I appreciate that most people want to spec their own but a basic kit would have been good.
Yep, or dock lines or fenders! :)
Hi Chris, the total price does include all the safety gear we have on board such as off shore life raft, EPIRB, life jackets, flares etc... But you are right that they are not included in the bareboat price!
This is one of the most useful boat videos I’ve seen
Thats a bit of an aye opener. Thanks for your honesty.
I love the transparency of these guys. I’ve heard the hidden cost and breakdown costs of new boats before. It seems like the way to go is buy a strong 20 year old hull and replace everything, including the engine… then stay local and try to break stuff for a while.
That would seem to be the clever alternative, but it has a lot to do with the grass always being greener on the other side of the fence. If you like old heavy hulls you might save a large amount getting a good price. The second part of your plan is a complete bust! Everything you refit to an old boat costs far more, has more quality problems, and loses more than half its resale value the second you install it! Find some fool that did everything you want but now needs to sell...
This couple did a fine job putting together a fine boat. If you think $1M is not a good deal, talk to a guy that paid that much or more for a divorce...
@@skyak4493 in the early 1990s manufacturers learned to lay fiberglass in temperature controlled environments. Strength and longevity is based on hull thickness. The lightweight sandwiched hulls some manufacturers today are making haven’t been tested through time and do not survive impacts. Sailboats have ballasted keels… lightweight doesn’t mean much. Also, when you buy a new boat it does not come with the things you would expect. Most of it is aftermarket installed by a local technician during the commissioning process. People have an idea in their heads that a new boat is better and more reliable… not true. Save $500,000 get a used hull and replace everything… engine, instruments, heater, air conditioner, batteries, solar, windless, mast, sails, everything…. A hull is just a design and a platform to install everything you need.
@@esquire9445 I honestly have always been more likely to buy used, but refits to liveaboards are costly. Thanks
Thanks to all on this video, seriously a full understanding of the cost and the resources needed from someone that can afford this life style. The one thing I have noticed on all sailing channels, is the endless maintenance issues. Clearly, James and Philipa have significant wealth to pull this off without much concern.
Hi Ryan & Sophie, 2 times a day I am driving on the boulevard from Bonaire. And always looking to that beautiful boat of yours on the mooring. Enjoy our beautiful island and the Caribbean .
Thank you! very informative. first time I see such a detailed breakdown of the real costs of buying a Yacht. 5*
These owners were right on point I bought a Jeanneau 519 new and found the process to be painful. I reluctantly upgraded to my currently Jeanneau 58 also new. While we love our 58 it too was painful working through all the items not just right. I like your guests have owned ours for going four seasons and have finally worked through all the corrective items but now I’m beginning into the normal maintenance items coming up . I too liked that I bought new but I think if you know what your doing you can find a well fitted resale boat too. I will say my Jeanneau came with many more of those items standard vs optional. 6 power winches, 4 heads, 5 ac units and many other items. So when you buy new you must throw a wide net.
Congrats on your boat and thanks for your insight. Did your warranty cover a lot of the issues? That feels like one benefit of buying new vs used. Thanks in advance!
Sophie: Another great video. Key takeaway: Have the boat thoroughly tested before sailing away. There are good 3rd party companies next to the Hanse plant in Germany that do inspections and sea trials for the dealers before delivery to customers. I'm sure the same applies to Bavaria. The premise that its easier to resolve issues on a new boat when next to the plant. Greifswald, Germany has very good aftermarket companies to do the work that was not on the factory offering list, and they also provide the warranty repair work for Hanse. I got a lot from this video - thanks again. Dave.
Very nice couple and extremely nice of them to be so forthcoming about their experience and costs. Many UA-cam channels are exposing many facets of production boat mfg's shortfalls. A list of (or at least examples of) what a was not correct would be somewhat useful. I have now lived on my "new to me" 1991 Pacific Seacraft 37' for 1 1/2 years and have sailed it a couple thousand miles. Like many folks my departure timeline for cruising was delayed due COVID, with the upside being that am still realizing what I want to upgrade while still based out of my home port. Great video.
Thanks for the candid video. I choked on my glass of wine when you got to the insurance costs. Great video.
Thanks for the transparency about ordering the Bavaria. Certainly interesting and informative.
Just like the other comments, Very helpful and I agree there is a lot to be said for buying a second hand boat. If anything just the added stuff they bought and are including in the sell of it. simple stuff like Oil, Wd40, wench handles, cushions, tender and motor etc. etc. etc. Thanks so much for the video
Thank you for making this video and to James and Philips for sharing their costs, great insight into the true costs of new boat ownership. I knew parts of the Med are very pricey but you really put some detail to that. Bavaria really ought to include the cockpit fridge as standard. Cheers
you are very welcome!
Thank you for the amazing graciousness of sharing your experience as relatively inexperienced owners of a brand new yacht and model. It is incredibly important that potential again, relatively inexperienced prospective buyers of these incredibly complex and exceptional machines understand the TOTAL COSTS of acquisition and "growing pains" they and their vessels will undergo during the first 14 - 26 months of ownership.
I couldn't help thinking while watching that viewing this video should BE REQUIRED of all purchasers of new model ocean-going vessels.
What a beautiful boat ! That is probably the widest interior I've seen in a sailboat. I am weighing my options for a new vs used catamaran or restoring a racing/cruising trimaran so I can relate to this video.
Wow and another ship I know, the drilling vessel in the background is a sistership in the company I now work in. You guys see so much that I recognize. It makes watching your channel a surpise every time. I hope you have many safe miles and adventures ahead. Living the dream with all challenges that come with it.
excellent post . I am seriously considering getting a boat for the next chapter of my life and this helps a lot.
Thanks for this, very interesting. Too many channels feel like they aren't handling these questions of hidden costs and poor quality with new boats.
Get a cockpit refrigerator for beer.
A water maker will keep me out of marinas.
I probably don’t need underwater lights.
Consider a used boat.
Hold back some final payment until all problems are fixed.
Stay close and sail often until all systems are well tested.
In the Mediterranean budget for lots of fuel and/or get a good light air sail.
In the Caribbean budget for Insurance and air conditioning.
Get a Dive Compressor. 😃
Mo Money Mo Problems.
Are you serious? No underwater lights! Next you will be doing away with the giant inflatable unicorns. What is the world coming to.
Thank you.
Also he could have halved the money spent on the tender/dinghy
Join the Royal Navy at 17 and obtain Mariner's skills and qualifications. Retire 10 years later, work for 10 years on luxury vessels cleaning and sailing for billionaires and their escorts, then with savings, buy a decent second hand yacht and follow Mr English Coach Chad's list of suggestions. Keep in mind that something like a Bavaria yacht costs the same as a Mortgage within the edges of the M25. Good luck. And oh yes, open a UA-cam channel and produce content. All the best. (This upload gets a thumbs up from me).
No wonder Bavaria came out of bankruptcy right after these guys:-)
Very well specified boat! We had similar problems with another manufacturer when we bought our new boat. After 2 years it became a good boat
I spent many years sailing around Italy and France, and we rarely ever stayed in marina's, plenty of places to live on the anchor. Croatia has plenty of place to anchor, Greece is really pretty much the sole hold out here, they are picky about where you anchor. Those are some pretty crazy prices that were posted in this video, I never came close to those numbers.
James and Philipa thank you for sharing. This is the first video covering the realities of a new sailboat from the buyer perspective I've seen! Very informative. Kinda wished you would have offered up a few of the flaws you found, but "beggars can't be choosers. I learned a lot! Thanks!!
I don't think you title this video right -no beggars, just choosers... I think it would be "millionaires should not be complainers". They did fine. That is just what it costs.
Thank you Sophie&Ryan to introduce us the owners of the dive compressor. 😊. The Bav57 looks like a beautiful boat. I wish you all fair winds. 🖐⛵
Really nice interview. Eye popping for sure. I thoroughly appreciate James's forthrightness about their experience. Naivety
Naivety on my part about buy-in a new boat problems.
I have gone through 11 new boat builds of various size ... they have all had minor problems but all have been resolved at no additional cost. One was rather costly for the builder and the repair took place in the Bahamas, the builder is in the northeastern US. They flew a tech down to make the repairs, all he needed do was adjust one screw ... that is the builder you want.
That’s my thought…if you. It new I assume the kinks are covered by warranty. So there’s something to be said for predictability?
Filippa and James, thank you for taking the time to make this candid video. I had no idea how the new boat world works. Do you guys have any regrets not buying a used catamaran? From my living room those fly bridge Lagoons look like the hot ticket. James, your 20 year old Rolex GMT Master II has gone up in value 5x. It would be nice if boats did the same.
Thank you all for this. I've saved my money and I have this rosy picture of buying a new boat and sailing off into the sunset... but a new boat having as many problems as a used boat? That's really good to know, for two reasons. First, if I do get that new boat I won't feel screwed and second, that makes me less worried about buying a used boat. First bubble burst: all the wonderful options . . .+30%? Nope + 100%. Whew! now I won't get whiplash.
The whole sail boat industry owes cruiser channels like yours a huge debt.
I've seen James and Phillipa on other channels plus urs. I'm waiting for Phillipa to start putting out videos like she said she wanted too. James and Phillipa are and would love to start following them. Ive already subscribed to there channel like 3 weeks ago but no video from them yet. I love u Ryan and sophie and have been following u guys for a long time. Thank you for ur awesome videos! Good luck to James and Phillipa! Chuck from Chatham, Massachusetts
Thanks for the openness and transparency of this video. Maybe worth elaborating on the lifestyle choices leading to the costs in the Med. $20,000 for marina costs is expensive- did you move around a lot and therefore pay higher daily rates or have a fixed space in a nice marina ? And $11000 for fuel works out roughly at 11 500l tanks at $2 per liter. Even at 10l/hour fairly high rpm motoring, that’s well over 500 hours engine use. Absolutely no judgement here but moving on frequently or on a schedule can increase the cost compared to seeing where the wind takes you.
Good explain for 'newbie' like me... it's so much help people
Good explanation.
Things come for different tastes. One doesn’t need half of the things they added, but it’s their boat, I do think it looks neat. I’m more simplistic and practical. That said, one has to live on a boat in order to see if one would want to pay the costs for those things that aren’t essential needs.
When I was looking at aircraft, I drew a line at the maximum total expenses (fixed and variable) for which I had budgeted, worked 15% below there to account for overruns.
Same applies to boat purchases and anything else in life.
Great video with realistic and well found advice to future sailboat owners. Stuff happens on all sailboats but having a new boat under warranty is better or a very well maintained one owner boat can work too.
I was very fortunate to have a exceptional Beneteau dealer who made my experience in boat ownership a dream compared to others I heard about.
It's all about service after the sale satisfying the new owners punch list of boat equipment needing adjustments (all boats have them)..that's why I purchased my Beneteau 40 after getting great service on my original Beneteau 361 10 years before.
I found this video to be even more informative watching it for the second time!
Don't understand all the negative comments... this video was so insightful! Thank you!!! I have been thinking at length about buying a Bavaria C57, with many of the same features, so this has certainly opened my eyes! Will definitely be following their page too for more information!
Fantastic! Glad you enjoyed this!!
This is a fabulous, important video. The lesson, which he uttered at the very beginning, is to buy a used boat. On a smaller but not minor scale, I had the same experience and feel the same way. If I do it again, used! Been on land for six years now but am wondering.....
Learned a lot from this video about costs of owning and buying a sailing yacht. GREAT JOB and Thanks a lot!
I’ve been considering a new sailboat live aboard... this was very informative thank you
Excellent interview . I found the information very useful and extremely interesting . many thanks
This is fabulous content! Long time sailor looking to buy a boat to spend more time with the family.
Damn this is massive. Especially for two people! Looks so beautiful!
really great information and thank you to both of them to be honest!
How Filippa and James can afford this boat is none of my business. Their reasons for buying this boat is none of my business. My interest is in appreciating their lifestyle, the home they live in, and the fact they can go, literally, anywhere the water is deep enough to float their boat, And, btw, I also deeply admire Sophie and Ryan for what they have done. Yeah! :¬) Webhead USA
Thank you for sharing what it is felt from my view an honest assessment of your experience, and what I learned and took from it is to avoid new boats, specially if you are inexperience.
Yes, inexperience is 100% the issue here
What a great interview and very frank... loved it! Yes! Now where's my lottery ticket! Nice boat, and for the size, not too expensive considering the specification you now have. You seem to be enjoying it but the Caribbean insurance costs are prohibitive. Great video Ryan and Sophie. It would have been nice to check out the sailing abilities of the Bavaria. Any issues with haul out on a boat that size?
I’ll have James and Philippa comment directly :) I think that they can haul out in most places, they certainly did in curaçao!
There's a trend now for non-sailors to buy boats and think they can beat the high cost of owning a home . I believe your video of your honest costs for cruising should be mandatory viewing . You seem like a very cool couple and your boat is really nice ! Cheers ..
Slightly different area, but this reminds me of brand new pilots going out and buying a Cirrus SR22
Great video guys! Keep living the dream! As you know we discovered a lot of initial problems too at the beginning, but like you, our boat is now finally almost perfect. My next expense will probably be solar panels too......
we plan on cruising up north (to where the butter melts) at the end of April..... cruise the east coast of Australia with no rushing this time.
Stay safe. 🥂
What a fabulous couple ! Compelling content.
This was a great video and the information was priceless.
Thank you so much. This show was very insightful & helpful to us. Thank you once more.
Well done Sophie, your a great interviewer
James and Philipa thanks for sharing. Great to understand the actual price of a new boat.
I love this video! Wow, I know nothing about boats and I learned so much about the costs of buying, owning, and running a boat. The expenses are never-ending. I'm happily surprised by how candid you both are. Most people don't want to talk about these costs. Have you heard of the new "Silent-Yachts?" They are catamarans with solar panels. No sails. No engines. No maintenance. Completely silent. They are like the Tesla's of the boating world and they are just getting started. I discovered them today and I wonder what you think about them. They are very expensive though and they might over promise and under deliver. Another weird thing I've noticed about boats is that it doesn't matter how expensive a boat is. From small boats to super yachts all boat interiors have these awful light strips under the bed, sofa, tables, everywhere. Often these light strips are in the ceiling too. I think these lights are cheesy looking but since everyone uses them there must be a reason? What, so you don't stab your toes climbing into bed? In general boat interiors are ugly. The prettiest interior I've seen is on the Ghost sailing yacht by Luca Brenta and Lissoni. It's a masterpiece. Beautiful boat interiors are not about money but about taste. Have you seen the interiors on Below Deck? Ugh, gag me with a spoon. Geeze, I wish someone would call me so I can design the interior of a boat.
Funny your talking about cost, I remember reading an article about Paul Allen co-founded Micro Soft. He owned several boats one was called Octopus. The weekly cost including payroll was around $370,000. If you ever get time to look it up it’s a very interesting boat, now that it’s up for sale there is quite a bit of information on it on different areas of the internet. One of the dinghy was 63 feet.
Allen was a billionaire. He could devote $1 Billion in an account for just the boat, and the money would last 52 years. ($370,000 x 52 weeks = $19.24 Million x 52 years = $1 billion). Allen also owned the Seattle Seahawks, an American football team.
@@webheadusa9377 he also owned the Portland Trail Blazers basketball team. Portland said they were going to build a new building for the team they were dragging their feet Allen build it himself.
Thanks for sharing their story. It is consistent experience as shared by other new boat buyers. We will be buying used because new is too expensive anyway but we figure we'll have to deal with problems regardless.
Extremely informative. If I was wealthy, I would buy new but that is a dream for me. Great episode and please thank them again for being so candid.
Nice.... thank you for that episode.... insightful! Which reminds me... I sure miss Ryan's Tech Corner... when will we see more?!
Nicely illustrated
Very nice channel and full of information. Just saw your outing with Zingaro, and that sure looked like fun. So I just hopped on board.
How wonderful! Warm welcome! :)
Absolutely beautiful boat I’m very envious having grown up on smaller sailboat!! Happy sailing!
Great video. Thank you to you and your friends for the transparency and honesty.
Thank you for a such honest and informative video! Well done.
That's a beautiful boat. To be honest though, if I had that kind of money, the cost of ownership isn't high on my list of concerns.
agreed
Yep! And buying a boat that size, you do want the comfort that can come with it 🙂
Same here, I would put the money to work in the stock market and use the dividends to pay for the luxury boat rental, complete with a personal chef and captain.
Buy well equipped 2-3 year new boat. In that way most of the teething problems are resolved and the optional equipment is near new and should be in good working order.
Great eye opener! Never knew the cost was so much
Thanks for sharing this. The scale is not my reach but the idea about what it means to shop for a boat new is generous to pass on to others and applies to smaller scale as well I think.
Thanks for the the video. Indeed very revealing on how much it costs to buy and run such a yacht...
My experience has been very different I have to say. Just as background information I have been on the water ever since I remember myself, as this was the passion of my parents. As soon as I got my first money, I bought a used but well kept 38 ft sailboat to be used in the med. pretty basic compared to the Bavaria, but hardship is for the young... As my income was growing, I was upgrading always with used sailboats, until we had kids.
Kids are a game changer... Your needs for comfort and safety change dramatically, and you basically forget sailing altogether for 4-5 years. Kids are also impatient... They want to get there and have fun on the water, which rules out anything other than a fast sailing catamaran, or a motor yacht.
So I opted for a motor yacht. First a used Ferretti 45, with a plan to upgrade ASAP to a new yacht. When the financial crisis of 2008 hit, I started looking for bargains in brand new yachts. So I ended up getting a fully equipped (literally all extras checked) 45 footer for the basic price... Yes, teething problems were there, but not many. I ended up selling it 6 years later at almost 70% of the purchase price.
As the kids grow older they obviously need more space, more cabins, in order to have companion on board. What do you do then? Look for a model to be replaced soon. Same story there. Again a 60 footer with all extras checked, at the base price. One would argue this is an old model, so value would depreciate fast. But the big number is the purchase value, and if you shave that by 30% or so, you have an advantage anyway.
Usually the new models come out of the same mold as the old ones, have a slightly wider bathing platform to gain a few feet, and the upgrades are really meaningless. But the production leftovers have to be sold, and therefore get heavily discounted. For the rest, same engines, same genset, same navigation equipment, same amenities, and far fewer teething problems, as the old model counts 300-400 units already...
Now the kids are gone, and speed kind of became irrelevant. A sailing yacht is too much of a hassle after 20 years without one, so I am looking for a trawler in order to live aboard full time. No TV screens needed anymore, or perhaps just one for movies in the salon, but offshore communications are critical to run the business and stay connected, and thankfully Elon’s Starlink is coming soon!
So guess what I am doing now...
Great information and very helpful good job!
Wow, almost 1/2 the final price was for options. That is sticker shock.
Rich 500k for the boat. Half would be 250k the options were 425k. That`s a lot more then 1/2 my friend.
@@chasf1066 I said 1/2 of the final price for the boat was options, not 1/2 of boat's base price.
@@richhamel6810 Yeah my bad I saw that afterwards. But still DAMN.
@@chasf1066 I know, pretty crazy huh. . . that's a deep pocket, good for them. . .
It's a Bavaria what else did you espect. That's why they are so cheap compared to other brands.
I wonder just how much sailing experience they had before embarking on such a huge journey. Did they learn "on the job"? I would love to learn to sail (which is why I enjoy these videos so much)!
second hand is always smart for most things. Easy to be wise after but great that you were clear about the price paid. Hope you have a wonderful time. Very jealous obvs.
Love the no nonsense aproach.
Actually this video is full of nonsense