Long-Term Leasing

[osirissail]

Originally Posted by berniefiedler

As usual, I didn't make my intent very clear:-) I was simply looking at leasing as another option for a boat owner that can't sell their boat because of current market conditions. It appears to me that leasing would at least give them some cash flow and reduce expenses on a depreciating asset that they can't sell. If they still can't sell the boat at the end of the lease term, I believe they would still be financially better off than just sitting on the boat for two years.

Aha! new world - - For your circumstance you want to find a "co-op" sailing club. There are many scattered around. It is a group of folks who cannot afford the cost and slip rentals and cannot sell the boat, so they put it into the "co-op" club and lease/rent it out to other members who do not have a boat. The rental helps cover the costs while you are trying to sell the boat or whatever.
- - I was a member of the Florida Sailing and Charter Club out of Miami (now out of St, Pete with a new name "American Sailing Club" for a dozen years. It worked out great as I was able to "rent" boats for a weekend or week at half or less of the price of a "new" boat commercial bare-boat charter operation.