Q: What are the show hours for the Yacht and Brokerage Show in Miami Beach
A: February 17 - 21, 2011
Thurs. Feb 17, 10am - 7pm
Fri. Feb 18, 10am - 7pm
Sat. Feb 19, 10am - 7pm
Sun. Feb 20, 10am - 7pm
Mon. Feb 21, 10am - 6pm
Q: What are the directions to get to the show?
A: Take I-95 to S.R.195 East (Miami Beach on-ramp). Continue East on Arthur Godfrey Road to Collins Avenue. Turn left at Collins Avenue heading North. The Show is on the left side along the waterway between 41st and 51st Streets. Follow signs for Parking and FREE Shuttle Buses between Yacht & Brokerage Show and Miami Intl. Boat Show
Q: Can I get aboard a superyacht or megayacht?
A: Access to superyachts and most megyachts is not open to the general public. Boarding these yachts is usually by private invitation only, with arrangements made directly between brokers representing potential clients and the yacht owner. This generally means that the broker would like to speak to you at length before you board the vessel and that these types of vessels are shown to one person/group at a time.
Q: Can I buy a boat at the Show?
Q: What financing options are offered to make the most of my boat purchase from an investment standpoint?
A: Your boat may qualify as a residence for purposes of deducting interest expenses on your tax return. In such instances, some customers choose to finance more of the purchase price of their boat and hold on to their cash for other purposes. Of course, you need to discuss these issues with your tax advisor for specific recommendations.
Q: Can I get aboard any boat?
A: In general, most boats at the show can be boarded, with the exception of the superyachts and megayachts. In some cases, you may have to go through a qualifying process to get on board a boat, in others, you can just take your shoes off and go. Access is granted at the discretion of the exhibiting manufacturer/dealer
Q: Do I need to make an appointment in advance to visit a manufacturer or dealer?
A: Yes, but not necessarily. The advantage of the Boat Show is that there will be plenty of representatives and dealers on site ready to start negotiations with you at the Show. Visitors who purchase tickets from our website are then sent a short survey in which your answers help us to match you with a dealer or manufacturer that has something to offer that matches your needs.
Q: Why do I need a survey done before I buy a used boat?
A: A professional survey is essential for all used boat sales, and most lenders require one. These surveys can uncover information about the boat’s condition that you may not have known. Getting a professional survey before you buy could save you thousands of dollars down the road. It’s better to be safe than sorry.
Q: What payment plan options are offered?
A: Look for banks that offer more than the typical monthly payment plan. For example, you may be more comfortable with a seasonal payment plan that allows you to skip up to three consecutive monthly payments per year and continue to skip the same months each year for the life of the loan. This option can be especially attractive for people with seasonal variations in income, such as contractors, sales representatives, retailers, consultants, and others.
Or for those with a large seasonal bonus, an annual payment plan option may be best. With this option, customers make just one payment a year, and can delay the first payment up to six months for some “breathing room” between the time of the down payment and the time of the first payment.
For those who wish to pay down the principal faster in order to save on finance charges and shorten the loan term, a bi-weekly payment option may work best.
If you want to avoid check writing hassles and guarantee that your payments will be on time each month, you may prefer to make automatic loan payment deductions from a checking or savings account through Automated Clearing House (ACH) transfers.
Q: How long will it take to process my loan?
A: The most sophisticated marine lenders can process loan applications from within a few minutes to a few hours, depending on the complexity of the loan. In many cases, a customer can be notified of the results within a matter of hours. Your marine dealer/broker can help facilitate a quick loan decision through their relationships with various lenders. Also, you may call most lenders directly or go to their Internet sites for additional information.
Q: What fees are associated with loans
A: Investigate closing costs and other loan-related fees. These can include, but aren't limited to, processing and underwriting fees, appraisal fees, the cost of a credit report, tax service fee, application fee, and others.
Q: If I buy a used yacht, who is responsible for paying the yacht broker?
A: Similar to real estate, the seller will pay all yacht broker commissions. This can vary though. It's best that you address that up front with the dealer or broker.
Q: How much can I expect to pay for marine insurance?
A: Cost for marine insurance depends on several factors, like your boating experience, current navigational equipment, where your yacht will be used, the value of your yacht and whether you will be living aboard or cruising offshore.
Q: Is the Show handicap accessible?
A: All entrances into the show are accessible for people with disabilities. However, we can not guarantee access aboard some of the vessels.