Boat Ownership: Some Insights to Consider
Feb 23, 2023
A new Schaefer 400 quarter ownership is less than $175,000
Particularly with the increased costs of ownership, Fractional Ownership may be a better investment option for people considering buying a boat. Especially if they lead a busy lifestyle.
Fractional Ownership has made its way into several industries like vacation cottages in Muskoka, private jets or with multi-million-dollar luxury yachts where ownership is available at a fraction of the cost. Further to this, imagine test driving the boat of your dreams for a season to make your final buying decision. Add to this the advantage of a management company looking after your yacht interests and responsibilities. Fractional Ownership is a compelling option and here are some typical benefits:
• Not only does Fractional Ownership cut costs, but it also cuts down on your time investment as the yacht is fully managed, so you don’t have to worry about the day-to-day stuff.
• Particularly for used boats, there are hidden, and unforeseeable costs not covered under warranty.
• Fractional yachts can often be cruised to and from different ports. Migrating the boat to Florida in the winter to be used year-round may also be ab option.
• You can sell your share of ownership at any time, holding their value because they are well-maintained and serviced.
• Maintenance costs are significantly reduced since they get split among the owners and a new boat is under warranty.
• Some Fractional Ownership organizations allow you to test the waters with a ‘Club Type’ membership so you get a real life yachting experience.
• Most Fractional Programs offer very comprehensive instruction and training, so you can always feel competent and confident at the helm.
Fractional Ownership may not be for everyone, but it is certainly worthy of consideration when buying a boat. Most people want to save money, not waste any valuable time while enhancing their lifestyle. Yacht Solutions based in the Greater Toronto Area offer Fractional Ownership programs on motor yachts with full yacht management services.
Yacht Solutions
(416) 907-9046
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