How long would a 40-45 foot saltwater cruising boat or yacht with proper maintenence last?

I'm thinking about buying a 40-45 foot boat for $700,000-$1,000,000 and thinking about keeping it for 20 years. How long will it take for it to break down? Do you have to replace the engine & etc.? Is buying a yacht more like buying a house or a car? because a car breaks down within 7-10 years while house stays strong for decades. Also, is it wise buying a used boat? If so, about how many years used or mileage used?

Asked By: Inca187 - 8/22/2009
Best Answer - Chosen by Asker
WOW... what a good question, and many more people should be asking it... More
Answered By: Capt. John - 8/22/2009
Additional Answers (2)
A boat or yacht is called a whole in the water that you through money into. It will cost you 10% of it's cost per year for upkeep. Buying a used boat, is buying another persons problems.Today people buy boats and know nothing about boating of boat upkeep. If you buy a new boat you will get a warranty, and if you keep... More
Answered By: renegadesail - 8/22/2009
Its constant upkeep. How long the major components last depends on usage and maintenance. Buying a boat is definitely NOT like buying a house. It is never an investment. You will never ever get your money out of a boat. It requires diligent inspections of all through hull fittings. One bad fitting left alone can sink... More
Answered By: John L - 8/22/2009
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