" " " Why Choose a Fractional Sailing Program Or Boat Club Over Boat Ownership | Boat Share "

Saturday, May 15, 2010

Why Choose a Fractional Sailing Program Or Boat Club Over Boat Ownership

Many of you would-be boat owners may want to consider a fractional sailing program, sometimes called a boat club or time share boat. These programs offer many benefits over traditional boat ownership. In this article we will try to summarize a few:

No equity in the boat - A frequent question for new fractional sailing program members is who owns the boat. Most established programs do not require members of the boat club to own an equity interest in the yacht. The big benefit here is pretty obvious: no equity, no liability. My dad always used to say it is not your assets, it is your liabilities.

No maintenance - Sails, running rigging, standing rigging, refrigeration, propane, fuel, gel coat, oil and oil filters, fuel filters, belts, lines, fenders, the list goes on and on. A boat owner's work is never done, from cleaning to changing zincs a good time share boating program will handle it all.

No winter storage/haul outs - Each year there is a great deal of annual maintenance items that must be taken care of on a well maintained boat. Live in a seasonal location? Each year your boat will need to be hauled, winterized, stored, commissioned, and launched; this type of annual service can easily run into the thousands of dollars. Even if you live in a year round location where the boat does not need to be stored chances are there you will have to worry about hurricane season, and still need to haul the boat annually to paint the bottom.

No long sales process - Ever heard the old adage "The two happiest days for a boater are the day they buy a boat and the day they sell it"? Well, there is a lot of truth to this, one of the main reasons being that used boats are difficult to sell, in fact the used boat market is currently in one of its biggest slumps ever die to the weak economy. With a fractional sailing company you do not have to worry about reselling your old boat.

Fractional sailing programs or boat clubs can offer significant financial, emotional and time saving benefits that traditional boat ownership simply can not provide.

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