Very often we see posts from individuals considering buying
and placing it into Charter
Management. Those threads are full of insightful information from current
or previous charter
owners, as well as much misinformation from people who do not fully understand charter management and the situations in which it works and does not work
for the owners.
As some of you know, after several years of research
, we recently placed an order for a Lagoon
42 that will be put into the Dream Yacht Charter fleet in Antigua
. In the process, I have accumulated an extensive list of resources and have done some writing of my own. So I thought centralizing all of the information in a single
place would be useful to readers that are considering this path to ownership
Here is our big picture post about charter management including a transparent description of the factors that we considered before we made a decision. This post also discusses many of the common arguments against charter ownership
(some of which are accurate) and clarifies some of the silly arguments against it (e.g., “if it good for the charter company it can’t be good for the owner”)
Buying a sailboat for charter | Blue Buddha Adventures
Our second post deals with the economics of charter management and describes the factors that should be included in any financial model that explores whether charter ownership makes financial sense for your specific situation:
Does boat charter ownership work? How to create a financial model. | Blue Buddha Adventures
Here is the direct link to the financial model spreadsheet
. To edit, download a copy for excel or make a copy for google sheets
Here are other key resources we used:
- The Catamaran
Guru has extensive articles regarding charter ownership. Some of the most useful ones are:
o Charter Management in a nutshell
o Is Buying A Charter Yacht For You?
o Business Yacht Ownership: FAQ's And Common Misconceptions.
o Section 179 discussion for performance programs.
- The TMM Charter Management Page
has detailed information of the costs billed to owners.
- Dream Yacht Charter comprehensive page
comparing all of their programs .
- The Moorings yacht ownership page
with detailed information on its program.
- Cruising World article on owning a charter boat
with interviews with all of the major players.
- Sail Magazine article by a charter owner.
- BVI Bound questions to consider.
And some of the classic
I hope this is useful to those considering charter ownership. We will be documenting our experience in detail on our blog and will update here when there is relevant info to share. Best, Nestor.