I can show you several ways to save BIG on this one.
There are many registration and flagging options. Some flagging options actually will help insulate your family assets from unlimited liability.
These are some of the questions you can ask yourself to start a good conversation:
What are my options?
I heard you can literally write off and deprecate a huge chunk of the cost and expenses of yacht ownership.
How do I legally do this? When does this make sense?
How are you planning to use the yacht? Location and time away.
In terms of the size of the yacht you would like to purchase:
How many guests would you like to entertain?
Where would you like to be equipped to explore or just coastal cruising?
What level of service do you require or desire?
What type of activities would you like to do when you are on location?
If you are looking to see your financing/costs options:
When does it make sense to finance?
Which yachts retain the highest resale value?
How to negotiate your best deal on a pre-owned or new yacht?
What is the true cost of yacht ownership?
Is there any way(s) that I can defray some of those expenses?
Do I need a full-time captain or would a combination of part time and full time captains work best for me and my circumstances?