Chartering a yacht here in Singapore provides better value for your money than buying one outright.
Yachts can be a money pit. Unless you have a huge cash flow on a yearly basis, you may want to consider the consequences of buying a yacht more carefully.
Wedding is already a big cost, hence when you think about a Singaporean wedding yacht chartering, it is best to think thrice before wanting to buy. Once, we have a friend that insisted on buying, only to end up in mountains of debts.
For you to buy a yacht in Singapore, you will not only have to spend a lot of money at the purchase, but also on insurance premiums for your vessel. Fees will also have to be paid for the maintenance of the vessel. Maintenance of a yacht can be quite expensive, because the vessel mechanics are much more complicated. When something needs replacing, you need to have the cash ready to buy a new part, which may need to be imported from another country.
You will also be required to pay for storage fees. Mooring your yacht by the local marina will not be free. Are you sure that you want to keep on paying the high fees?
In order for your yacht to remain habitable, you also need to clean it on a regular basis. Unless you are unnaturally strong and have unlimited reserves of energy, cleaning is something that you will have to outsource. The services will not come cheap though, which means more money from your pocket.
If you choose to employ a number of employees to keep your yacht up and running in peak condition, you will have to pay them the going rate in Singapore. It does not matter whether your business is doing badly or not. The people who work for you need to be paid regardless. If cash flow is a problem, then expect a yacht that you own to push you to bankruptcy.
Renting is the best option for you if you love a wedding on the waters and if you are not using it on a regular basis. By paying for a yacht rental, you will be able to use the yacht without having to deal with the upkeep fees. The yacht rental company will deal with the storage, maintenance, and employee salary headaches. After all, the yacht does not belong to you.