Boat Share!
By Deborah Jeffreys

Is a Boat Share the Best Way for You ... Own Your Dream Yacht? 

Let's be honest. Owning a boat brings you a wonderful lifestyle... but it has its drawbacks.

The first drawback is cost:

Boats are expensive to buy and expensive to run. 

Most boat owners know that it costs 10% of a yacht's purchase price every year to look after it.

The second drawback is hassle:

To keep your boat in good working order takes effort. There's cleaning, engine services, slipping and anti-fouling and fixing and replacing inevitable breakages. All this work can eat into your precious leisure time.

Sharing a boat came about in an effort to solve these problems.

After all... why pay for a whole boat when you only use it 30 or so days each year?

And if the cost and hassle of maintaining the yacht can be shared as well even better!

But does fractional boat ownership really work? And which system is right for you?

Fully Managed Syndicate:

The first thing to think about is whether or not to go for a fully managed yacht syndicate.

A fully managed boat share certainly has huge appeal. If a good, professional management team run your yacht syndicate you will get hassle free boating.

You can turn up, walk onto a clean, well-maintained boat, sail away, unwind and relax. On your return to the marina you can hand your boat back and head home.

You don't need to worry about cleaning, slipping, fueling or maintaining your yacht. Which means don't need to know a huge amount about yacht maintenance and you can still own a boat.

And of course your free time is yours to spend sailing your yacht not looking after it.  There are other, less obvious, advantages of managed fractional boat sharing. In the past when most boats were not managed, certain problems arose.

Not everyone kept the boat clean and tidy. Not everyone admitted to damage they caused. And not everyone wanted to end the syndicate at the same time.

These situations often led to arguments and bad feeling.

Obviously if you appoint a syndicate management team it's down to them to deal with problems like these.

Of course your boat sharing will only run smoothly if you appoint a good team to oversee it. I suggest you only consider tried and tested companies with a good reputation - a personal recommendation is ideal.

Any disadvantages of managed boat shares?

The obvious drawback is that you have to pay the management company!

Only you can weigh up this cost against the benefits a full management brings to your boating experience.

Bear in mind that even with a management team in place your overall boating costs are usually still hugely less than your alternative options of chartering or traditional boat ownership.

There's heaps more information about different boat share options here go to the boat share site recommended by Deborah.    

Article Source: Ezine Articles by Deborah Jeffreys    

Share this page:

Return to Home...  

Click here to read our Privacy and Disclaimer Policy...

Sea Quotes

Dare to Dream is a gift book with 96 pages of inspirational quotes accompanied by 51 world class images! You can see some of these quotes and images on ‘Sea Quotes.’ It takes you on a journey of dreaming, visualizing, setting your goals and living your dream!  A fantastic gift and coffee table book!  

Women who Sail

Retire Now - How

Stress Relief

Beauty Afloat

 Sailing Books

Safety at Sea

Fitness Afloat