Whether you're going to sail the open water,
fish your favorite coves or chart a course to your dream retirement,
buying a yacht is the adventure of a lifetime. You can find many
exceptional values in both new and used yachts. To make sure you
get years of pleasure and adventure out of your boat, buy smart.
We have compiled a list of frequently asked
questions along with a yacht
purchasing checklist that we hope you will find helpful.
We have also added a new page on preparing
to sell your boat, to help you get the most for your boat when
you are ready for your next one.
The first item to consider is the many types of ownership available
to new boat buyers. Ownernership models range from simple sharing,
partnerships,
Nautical Fractional ownership, hybrid-lease, clubs, and
BOAT AS A BUSINESS.
Please speak to your sales professional to get all the details and to
find out which is best for you. Many have substantial tax savings and
some can earn you money!
Find a dealership
that sells the range of boats you think you are interested in.
We have many new boat lines of both power and sail for you to choose
from as well as an extensive list of used boats. Having a dealer
close to where you live can be a big benefit and save you lots of
time. We have 4 sales locations throughout California to serve you.
Choosing your boat.
Choosing a boat is a very personal decision. We can help guide you
depending on how you wish to use your boat. And sometimes that can
be a hard question to ask yourself, but be honest with yourself
and you will be that much happier with your purchase. Obviously
you wouldn't want to go and buy a racing sailboat if your intention
is to cruise the bay with family. Although we have lots of types
of yachts for sale, we absolutely want to make sure you are getting
what you really want.
Choosing the right
gear.
Many boats come stock with excellent gear and electronics, but undoubtedly
you will want to add an item or two to your new boat. Our professionals
can help you choose what gear best suites your needs and budget,
install it for you and teach you how to use it. We are boaters too
and we live and love boating. We have as much fun as you do planning
and putting together your new boat. If you can dream it, we can
install it.
Your Dealer's Service
Department
Does your dealer have a certifed staff of sales professionals to
install and service your new yacht. Are they licensed, insured and
bonded? Do they have mobile dockside service to help you no matter
where your boat is? Do they have emergency technicians available
7 days a week? We can proudly answer "Yes" to all of the
above. Our award-winning service department is ready to make your
boating dream a reality.
So HOW do we BUY
the boat? Two Scenarios
There are two different scenarios when it comes
time to buy the boat, depending on the location of the boat. Scenario
one is that the boat is in stock at our show docks. Most dealers
will require a down payment of 10% to start the purchase process,
and "close" the financing with 90% of the purchase price
within 10 days. The remaining 10% is due on delivery day.
Scenario two is the boat needs to be ordered from
the factory. 20% starts the process and get's the boat 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).
There are other scenarios with regard to purchasing your
boat if you place your boat into a charter organization. Each one is
different and we can help you locate the right one for your needs. Give us a call.
Can we finance our
boat inhouse?
You can finance most boats over 20 years! It is incredibly easy
to finance a boat and we have our own inhouse financing department
to make financing a new boat even easier. There are also tax benefits
to owning a boat whether it is a second home or being placed into
charter. We have a page devoted to placing
your boat into charter for more information.
Protect your investment with an Extended Warranty!
Now that you've made a major marine investment, protect your new engine and
accessories against costly repairs by purchasing FPC Premium Marine Protection.
You can be assured when you purchase the FPC Premium Marine Protection that
you will receive superior service and excellent coverage. Please be sure and
ask which coverage option is right for you.
Click here to download the FPC Premium Marine Protection brochure in .pdf
So when will she
be ready?
If we had to install alot of gear, it can take is 5-8 weeks from
the point that she arrives on our docks or at our yard. (For boats
above 50', plan 10 weeks.) We do everything from "building"
the rig (sailboats), to commissioning all of the systems, to putting
the bottom paint on...to completely detailing her and making her
beautiful for delivery day. We take pride in doing it right and
want to make her as perfect as possible for you.
Delivery Day!
Then the big day arrives, DELIVERY DAY! The day you have been waiting
so anxiously for.You'll go through a thorough "Walk Through"
with our Quality Control Manager which will take about
3-8 hours or however long it takes to get you comfortable in your
new boat.. He 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.
Now what?
Time to enjoy your new boat. From here, you are in the very cable
hands of our after sale service department. We will check with you
to make sure everything is as it should be and that there is nothing
left to do except to enjoy your new boat and go for a cruise! If
anything should come up, we have dockside service locations throughout
California with emergency service available 7 days a week.
Would you like to own a new yacht?
Would you like to pay for it with charter income & tax savings?
Would you like to dramatically reduce your income tax bill?
If you answered YES, you owe it to yourself to look at our Boat as a Business page on our website.
What is an Offshore Delivery all about?
For many years clients have chosen to take delivery of their boat in a
location outside of California, in order to use it in a location outside
of California. One of the advantages of this practice is that the
dealership is not required to collect sales or use tax (approximately 8%
of the purchase price, depending on the county in which you purchase the
boat). California requires that a retailer collect or a buyer of a
brokerage boat pay a sales tax on the purchase. The only exception is when
a client requests, and takes delivery outside of the state. This
will keep them from paying the sales tax, but they will be liable for a
Use Tax (coincidently the same amount as a sales tax) unless they
follow very specific rules and did not “intend” to bring
it back or to keep it out for the purpose of avoiding sales/use tax.
Below you will find a list of 8 key summary points to consider
and a list of 3 attorneys who specialize in this type of transaction.
We highly recommend using an attorney to insure you follow the intent
and letter of this tax code. This list is meant as a general guideline
and should not be solely relied on to make your decision to take an offshore/
out of state delivery.
- The Purchase contracts (new or brokerage) must state that the offshore delivery as a contingency.
- The purpose is not to avoid sales tax.
- You should not keep your current slips or anything that could be argued that you intend to return to California.
- California buyers must keep the boat out a minimum of 1 year. Out of state residents must keep the boat out of state for a minimum of 6 months..
- The client must keep all records of usage out of the state to verify it has been used not stored. There is no specific usage amount required by the state; however we suggest you use it as much as possible.
- The owner can not use the boat or put equipment on it until he has taken delivery out of the state.
- California Attorney’s who are experts in this tax code and others relating to your boat purchase.
- Bill Dysart 619 231 4844
- Cris Wenther 858 457 3800
- Paul Trusso 619 2262628
Thanks for taking the time to visit us at H&S Yacht Sales.
We are sure your choice of working with us will be gratifying. Thanks
again! If you have any questions, don't hesitate to drop us an email
at info@hsyacht.com or give us a call at 800-845-7420.
Looking for deals? Click the orange button!
2009 H&S Rendezvous for Sail and Powerboat Clients - Click here to sign up!
Ever wonder about putting your new boat in charter? We have added
a Charter Info page to the site. The
basics of what you need to know to place your new boat in charter
and how it can save you thousands of dollars!
