I purchased a boat that was in charter with the Mooring
and is now in Footloose. It is by far the affordable and easy to way to own a boat I've experienced. I have no regrets.
The big thing is to objectively crunch the numbers of charter management vs. other options. If you enjoy chartering more than 3 weeks/year I think buying
a charter management boat is a no-brainer.
If you are comparing that to owning your own boat outright, it gets trickier to compare. If you would buy a similar boat and only use it a few weeks, charter management again makes sense. However compare a new charter boat to a used, smaller boat costing only 1/4 the price
(that you might be just as happy with), and the comparison gets trickier. If ideally you'd like to sail just a little more than they allow, that's also makes it hard to compare.
When you compare numbers, don't forget to include owner's time fees
as well as any tax consequences. For me, the the tax on declared income and depreciation about cancel each other out. - Can't speak to your tax situation.
I'll also say that while my charter boat has clearly received some hard use, it has been maintained well and is in much better shape than many privately owned boats I've been on.
Certainly ex-charter boats may have a slightly lower resale value, but getting 40+% back in guaranteed income and having no insurance
, no dockage and maintenance
costs for 5 years or more, makes up for that difference many times over.
This winter, I spent a week just working on a Hunter
I also own - never had the time to take it out. I then flew to the Bahamas
for some charter exchange time and that night we were out anchored, enjoying the islands, with no time needed for maintenance
and no unexpected headaches. We just showed up, provisioned and left. It may be hard to put a dollar value on that, but to me that worry-free convenience has a great value indeed.