Ralph Navarro of FYI Yachts Highlights Charter Depreciation Changes Fueling Miami's Yacht Market

MIAMI, Sept. 8, 2025 /PRNewswire/ -- Ralph Navarro, founder of FYI Yachts, is spotlighting how recent U.S. tax law changes are generating fresh momentum in Miami's luxury yacht market. Updated charter depreciation rules have sparked heightened interest among buyers, positioning Miami as a premier destination for both investment and leisure.

Ralph Navarro on Tax Incentives Creating Momentum

The 2025 update allows yacht owners who place vessels into charter programs to leverage accelerated depreciation. Qualified buyers may deduct up to 100% of a yacht's purchase price in the first year, reshaping the economics of ownership.

"Miami has always been at the heart of U.S. yachting," said Ralph Navarro of FYI Yachts. "Now, with the ability to reduce ownership costs through charter depreciation, buyers have one of the strongest incentives the market has ever seen. It's more than lifestyle; it's also a great financial move."

Case in Point: Azimut 95

To illustrate the potential impact, FYI Yachts references its 2017 Azimut 95 Raised PilotHouse listing, priced at $5,495,000. Assuming a 37% tax bracket:

• Purchase Price: $5,495,000
• First-Year Depreciation: $5,495,000
• Estimated Tax Savings: about $2,033,150
• Effective Cost Year 1: about $3,461,850

While simplified, this example shows how depreciation can reduce first-year ownership costs by millions. Actual results vary depending on business use, income level, and IRS requirements. Navarro advises consulting a tax professional for individual guidance.

Why Miami Leads the Market

Miami's advantages — world-class marinas, global accessibility, and year-round charter demand — amplify these tax benefits. According to Ralph Navarro, the city offers a rare environment where financial opportunity and lifestyle intersect.

• Strong charter demand fueled by international visitors.
• Growing use of yachts for wealth management and diversification.
• Rising interest from new buyers motivated by depreciation incentives.

As the "yachting capital of the world," Miami ensures charter vessels are rarely idle, making it an ideal market for ownership.

An Expert Perspective from Ralph Navarro

With decades of experience, Ralph Navarro of FYI Yachts has guided clients through market shifts, always aligning passion with strategy.

"At FYI Yachts, we help clients choose vessels that fit both lifestyle and portfolio goals," Navarro said. "This is one of those rare times when enjoyment on the water and smart planning truly go hand in hand."

Looking Ahead

As Miami prepares for the 2025 Miami International Boat Show, Navarro expects demand to accelerate across categories — from sportfishers to superyachts. "This moment represents a rare convergence of lifestyle, opportunity, and investment," he added.

For buyers considering entry into yacht ownership, FYI Yachts emphasizes that now is the ideal time to act. To learn more or explore listings, contact FYI Yachts at [email protected], call 305-239-4978, or visit fyiyachts.com to schedule a private consultation.

Disclaimer: This example is for illustrative purposes only and does not constitute tax advice; buyers should consult their tax advisor for guidance on individual circumstances.

Contact:
Shawn Laser
9543589088
[email protected]

SOURCE FYI Yachts