Apart from the cost of purchase, owning a yacht has very high maintenance costs. Unless you have a private dock of your own you need to pay for parking your boat to a local marina or shipyard. Also you have to make sure that the yacht itself is properly maintained, that the motor is in good sailing condition, there are no leaks etc. The cost of making sure that your yacht is ready to sail at any time can be of thousand euros annually. On the other hand, if you charter a yacht from a reputable company you can be sure that your boat will be in great condition and your cruise will offer the best traveling experience.
Another advantage when chartering a yacht instead of buying is that you can choose a different kind of boat each time you wish to go on a cruising trip. You can choose a small yacht if you are going fishing for the weekend with your friends, or you can choose a large yacht if you are going on a 3 week holiday with your family. You can be flexible regarding the amount of money you wish to spend, and also you can choose a crewed yacht in case you don’t have a sailing license.