Charter lease programs?

[nuru05]

So we are 3-4 years away from buying a boat and living aboard 9 months a year. I was browsing boats and came across this. Am I understanding this right. I basically give them 100k euros and they charter the boat for 4 years, then at the end I buy it for 80k more euros?

We are in the US so I would obviously prefer to do it from a company over here, but is this a common thing? If so, is it a good idea? I've never really seen anything like it. We have the cash and were looking to spend about $200k on a boat so this could end up with us getting a nicer boat for our money about the time we were planning on leaving anyways.

https://www.yachtworld.com/boats/201...80-s2-2968593/

[Macblaze]

Originally Posted by nuru05

So we are 3-4 years away from buying a boat and living aboard 9 months a year. I was browsing boats and came across this. Am I understanding this right. I basically give them 100k euros and they charter the boat for 4 years, then at the end I buy it for 80k more euros?

We are in the US so I would obviously prefer to do it from a company over here, but is this a common thing? If so, is it a good idea? I've never really seen anything like it. We have the cash and were looking to spend about $200k on a boat so this could end up with us getting a nicer boat for our money about the time we were planning on leaving anyways.

https://www.yachtworld.com/boats/201...80-s2-2968593/

Its quite common. All the big charter companies operate this way. Check out the Moorings page for example: https://www.mooringsyachtownership.com/.

As for whether its a good idea or not, opinions vary. You would have to look at with your specific case in mind. The usual arguments against are that you end up with a tired, used yacht and if it was such a good deal then why don't the charter companies own their own boats. (In case you don't realize it they don't.)