What You Should Know About Buying Your YachtHow To Buy The Yacht Of Your Dreams
It's easier than you may think! First of all, Select your dealer... and we have to compliment you for being so accurate and astute so quickly! You're surfing the right website! Southwestern Yacht Sales! Some important things to remember about selecting your dealer: Key Characteristics of a great dealer: -Honesty is number 1!
Step 2: SELECT YOUR BOAT Choosing your new boat is a very personal decision. You're looking for the boat that tugs at your heart strings and has the most of what your looking for. One big mistake that boat buyers make is thinking that they'll find the perfect boat. Some do, but the time that you spend making everything absolutely perfect should be spent sailing! Here's the big hint....Choose the boat that has the MOST of what you want. Ask your self....What am I going to be doing with this new boat? What am I going to be using it for? You're not going to go out and buy the fastest superlight racer on the market for cruising with your young children!.....and on the other hand, you're not going to buy that big heavy cruiser with the flat screen tv and icemaker to win the One-design national regatta!! We have both of those boats and will be sure to ask you repeatedly.."How are you going to be using your new boat?" Choosing the right equipment:
Then all of a sudden....There she is! She's the one that will work! How do I buy her and start this dream rolling?? HOW DO YOU BUY THE BOAT? There are two different scenarios to buying a new boat depending on WHERE the boat is. She is either sitting in stock at our show docks or you are going to order through your dealer from the factory. (or she may already be on order for stock and you're the lucky one who will get her). Usually the dealer will require an earnest deposit to start the purchase process. 20% is the standard to order a boat for you. If she is in stock, the process will be the following: 10% begins the process, you set up "closing" with the financing source* within about 10 days or if you're just paying for it, you close within 10 days on 90% of the purchase price, then at delivery day, you pay the final 10%. If the plan is to order a boat, 20% starts the process and get's her ordered. You close on 80% of the purchase price when the boat ships from the factory, and we return 10% at that time. You pay the final 10% on delivery day. We don't start commissioning and installing equipment until she is 90% funded (after closing). *Financing Source. The extremely low interest rates should be very important
to you. Current financing rates are half what they were a few years ago!
You can finance most boats over 20 years! It is incredibly easy to finance
a boat. We at Southwestern are a larger dealership, so we have direct
access to the big lenders and can usually secure the best rates for you. If
financing is a contingency, we will order the boat for you once financing
is secured. Be sure to email us with any financing questions at: Some folks do pay cash or finance the new boat through a home equity loan or another source, but you should always consider the benefit of the low rates and also the TAX benefit of the boat as a second home! Yes, she would probably be considered a second home, so please talk to your tax advisor to realize these benefits. If you'd like even more tax benefits, consider placing the new boat in charter. (See "Charter Placement" on the home page)
If we had to install a ton of equipment for you, the most it should take is 6 weeks from the point that she arrives on our docks or at our yard. (For boats above 50', plan 10 weeks.) You should use this time to plan. Whe she arrives, we do everything from "building" the rig, to commissioning all of the systems, to putting the bottom paint on...to completely detailing her, dressing her teak, and making her beautiful for delivery day. We take the right amount of time to do it right. It is our responsibility to make her as perfect as possible for you and we're very serious about doing it right. Your safety and enjoyment of your new vessel is the focus of our certified service team. If you plan and expect that a proper commissioning and outfitting takes this amount of time, you won't be dissappointed. Delivery Day is here!
You'll be placed in our after sale service department's hands and probably get more calls to make sure everything is great than you'd like, but we want to be sure that you're feeling great and sailing safe. Our system is very thorough and it has to be. Our certified technicians are available during normal business hours with emergency technicicans on call during the weekends. All of our technicians are licensed, bonded and insured and many carry multiple certifications from top manufacturers. Whatever your concern, they can help you. Possible Tax Benefits to buying a boat 1. Will a boat qualify for a second home deduction? Can I write my boat off as a business expense? Many of our clients do write off their boats through their business; however you would want to meet with your own accountant to insure you followed IRS guidelines. What advantage does placing a boat in an on going charter company? There are many tax and cash flow advantages to this technique.
What is an Offshore Delivery all about? Sales Tax Exemption & Offshore Delivery – California reverts to the 90 day out-of-state rule for yachts & planes with passage of recent state budget Our guess is that this law will not last long. A new bill changing this law could be passed as early as Christmas... July 1, 2007 - Owners of yachts, planes or recreational vehicles, will once again be able to obtain a sales tax exemption if they keep those items out of the state for atleast 90 days after purchase. The law has reverted back to pre-2004 status. What is an Offshore Delivery?
Thank you very much for reading. We're sure that your choice of Southwestern
will be gratifying. Thanks for coming aboard! -The Southwestern Yachts Sales & Service Team |
Most of the new Beneteaus and Sabres come with a lot of great standard
equipment and electronics. You can literally take a stock boat and go
cruising these days. You'll probably find something that you'd like to
add, like a Chartplotter to help you navigate or an Autopilot to give
you a brake at the helm every once in a while on your way to Catalina.
We at Southwestern have the experience and ability to install ANYTHING
that you can dream of on the new boat. From Generators to SSB Radios to
Custom Flat screen TV/ DVD systems....we can do it right for you. We do
have the tendency to help you think through the equipment additions to
save you money. You may not need that extra something....and we can install
it anytime....why not wait, use the boat.....and see if you need that
super duper system that you read about? We'd rather think it through with
you than install anything that you don't need.
This is the event that we've all been waiting for. You'll go through
a thorough "Walk Through" with Paul Briant, our Quality Control
Manager which will take about 2-3 hours. Paul will go over everything
from where your thru-hulls are to how to plot a course on the new chartplotter.
He'll go over all of your warranty paperwork. Beyond all of the extra
time that we are willing to spend with you teaching you how to enjoy your
boat, you'll get 8 free hours with a licensed CG captain aboard to secure
your comfort level. We give you as much time as you need to get to know
the boat. (you may eventually have to kick us off, because believe us,
being on your boat is MUCH more fun than sitting in our office!)
Southwestern
Yacht Sales • 2731 Shelter Island Dr. • San Diego, CA
92106 • 888-642-5125 |