I currently own a boat in charter with the Moorings. The reason I went with charter management instead of factional ownership is that I am the only owner. I can use the boat when ever I want I own it outright myself in the end. There's no having to coordinate time with other owners, or needing to figure out how to deal with a jointly owned boat when the contract
Basically for me the deal is that guaranteed income
will pay back about 43% of the price
of the boat, so I'm effectively buying
the boat for under 60% and I have no insurance
, dockage or any other overhead and can use the boat 4-6+ weeks per year. If I take their guaranteed trade
or sell the boat for that, it will come out that I end up using the boat 5 weeks a year for about the cost of a 10-day charter. It does not break even. If it did, everyone would be doing it. You'd have to contact Tui Marine
to find out the latest deals for Sunsail or the Moorings.
Personally, if I was going to do fractional ownership, I'd want to do it through one of those companies that specialize in it. I think the issues of finding 4-5 share holders, dealing with insurance
, etc on your own could turn into a nightmare.
If you missed it there is a thread here about the Leopard 38 which might give you some things to think about concerning Leopard Cats:
Well, Why Wouldn't You Buy a New Leopard 38?
A shared system has given me access to a much nicer boat for less money
, with fewer headaches than traditional ownership. Of course, the trade-off is you are stuck with charter-like cruising.