Your yacht may qualify for the same IRS tax advantages that are available for your home, like deductible mortgage interest. And by financing your yacht purchase, instead of liquidating assets or paying cash, you increase your financial flexibility. This enables you to take advantage of attractive new investment opportunities as they come along... and the earnings from these investments can easily exceed the cost of your yacht financing. In the end, your yacht may cost less by not paying cash.
Yacht buyers have many choices when it comes to paying for their puchase, but do they always make the right one?
Here are some tips on how you can determine if you are making the wisest choice by paying cash for your yacht... and why you may want to consider financing your yacht instead.
F. A. Q.'s about tax deductibility of interest on yacht loans.
Coast Guard statistics show that yachts certified by the National Marine Manufacturers Association (NMMA) are five times safer than other yachts. Why settle for anything less for your family?
When you're out on the water, NMMA's commitment to safety makes a big difference. With a certified yacht, we believe you can be assured of the quality of the safety features of your yacht-inside and out. After all, on the outside, most yachts look pretty similar with shiny hulls, bright colors, and fancy upholstery. But it's hard to get a good look at the critical components inside, like the fuel system, steering, and floatation.