Tired of renting out yachts for your sporting, party and other activities? Thinking about getting a yacht for you? Well, here are some of the factors you need to consider before buying a yacht. It’s obvious that buying and maintaining one can be very costly so it is better to know what you are getting yourself into before going ahead with the purchase.
1. Initial cost
Yachts can be very expensive. If you don’t have the money, well then you have no yacht either. You could get apply for boat loans if you really are passionate about owning one, however make sure you have a stable way of paying it off. What most people overlook when purchasing is the value after a several years when you need to sell it off. Well the depreciate rate of yachts is not that bad but having low sales value in years to come is an emerging problem. If you ultimately sell it off for a lesser value and not be able to pay the loan taken, you are done for. So always think twice before taking any step.
2. Quality Vs Quantity
We are living in a period where quantity is much more looked for than quality. Especially the ones purchasing for the first time since they try to get the biggest vessel for the lowest price. You should always keep in mind that these yachts will be in harsh marine environments with corrosive water, snow and ice, direct sunlight, rain and also raging conditions of waters. Hence if you need to get a yacht worth your money, look into quality more than quantity and size since after some years when the design goes outdated, its long-lasting quality is what will remain.
3. New Vs Used
Experienced boaters would rather choose used yachts over new ones since they know that used ones still in good condition will remain the same for the years to come. With new yachts you can never guarantee how long it will remain as good as new. Also, used boats take up less annual costs since depreciation slows down with time. Buying a used yacht may also release you from the burden of finding boat finance in Sunshine Coast since of course it is no small investment.
4. Gas Vs Diesel
If you are planning to make use of your yacht for a long time, then gas engines would be ideal since these are easier to repair and maintain after a certain years. Diesel may be cheaper than diesel; however the repair costs would take up even double of what you spent on gas the entire time you owned the yacht. Also keep in mind that the average time between major repairs is six to seven years so do get your yacht back in shape in due time to avoid any hassle.
Tracing and collecting debts is one of the most challenging things that one has to go through. This is due to the fact that most debtors are very good at challenging their creditors and tricking them into losing. It is however not in the idea of many to lose their money and that is why they have sought to find ways of tracing, finding and collecting debts from these debtors. There are quite a number of activities that you have to engage in for these processes to be entirely a success. While you may seek help from legal officers and agencies it is also important that you know some of the activities that are done in an effort to trace and find these debtors.
While tracing debtors therefore, it is important that you look at their financial history and maybe work history if they have ever had work. When you look through this you may be able to find something that will explain to you the reasons as to why the person still owes your debt and are not willing to pay. For instance you may find that this person was a faithful person when it comes to making payment until a certain point in time when they just decided to stop paying for goods or services that you provide them with. Sometimes you may find that you are at fault or responsible for the debt not being paid to you. When you have an idea of what exactly happened; it is easier to trace them and find them without their knowledge. You may then seek to speak to the person directly on what became of them and establish the real reason why they are not paying your debt. These factors are applicable if the debtor you are chasing is an individual and not a company.
It is also important that you have the home address of this person and other contact details including the home telephone number, their mobile number and an email address that is valid. The official name and date of birth are also important to know. Once you have all this information, it will be easier to trace this person and find them. Some people go as far as contacting the debt collection agency if they seem not to get a solution to their problems. This is also an option as these agencies conduct the debt collection exercise professionally and may even incriminate the debtor if they fail to pay the debt.
During tracing, once you succeed to get the debtor and they explain to you the reasons why they have not paid your debt for some time, you may decide on what to do to them depending on how much they owed you and also the urgency of the money. It is important to note that, sometimes the debtor just don’t want to be found and in such cases it is important that you contact a company that has specialized in retrieving debts from debtors as a chargeable service. You may be paying for this service but be sure to find your money.