There are many advantages of sharing a yacht however, there are some downsides too. Here, we will explore the pros and cons of investing in Fractional yacht ownership. Hopefully, this information will help you in the process of choosing the best option for you and your family.
Fractional boat ownership involves owning a portion of a yacht with other co-owners, while sole boat ownership refers to owning the entire yacht by oneself. Both options have their pros and cons, which are outlined below:
Pros of Fractional Boat Ownership:
- Lower Cost to Purchase: Fractional yacht ownership can be more affordable since the cost is divided among the co-owners.
- Shared Annual Maintenance & Crew Expenses: Co-owners can share the costs of maintenance and upkeep, which is traditionally about 10-15% of the purchase price.
- Fractional ownership may be an excellent alternative to buying a yacht if you wish to reduce the overall cost and stress associated with yacht ownership.
- Access to Larger Yachts: Fractional ownership can allow for access to larger yachts that might be too expensive for a single owner.
- Fractional yacht ownership is different from a timeshare. A timeshare is not a form of ownership. This is only a license to use for a specific period of time. If you own a part of a yacht, you will receive title papers reflecting that ownership. If you wish, you can sell or transfer your ownership share.
- Exchange weeks with another Co-Owner from another yacht
- All yachts are managed by our company so you don’t have to deal with any of the headaches associated with yacht ownership.
- Hassle Free – Just come to the boat enjoy your time on the yacht and leave when your trip is over, we take care of everything else.
- An exclusive membership to our fractional Yacht owners club We offer private events, Dinners and group trips.
Cons of Fractional Boat Ownership:
- Limited Control: As a co-owner, you will have limited control over the yachts use, maintenance, and scheduling.
- Personalizing the boat usually isn’t possible, and you may have to make some sacrifices or go along with the group when it comes to equipping and outfitting the boat.
- Limited Availability: The boat may not always be available when you want to use it since other co-owners may have scheduled usage during that time.
Pros of Sole Boat Ownership:
- Complete Control: As the sole owner, you have complete control over the boat’s use, maintenance, and scheduling.
- Increased Privacy: Sole ownership allows for greater privacy and exclusivity.
- Availability: The boat is available for your use whenever you want, without having to coordinate with other co-owners.
Cons of Sole Boat Ownership:
- Higher Cost: Sole boat ownership can be expensive, as all costs are borne by the owner.
- Maintenance and Upkeep: Sole ownership requires the owner to bear the full responsibility and cost of the annual maintenance and crew expense.
- Limited Flexibility: Sole ownership can be less flexible in terms of scheduling and usage since the owner is solely responsible for the boat.
In summary, fractional boat ownership can be a more affordable provided you have the flexibility, while sole boat ownership offers greater control and privacy at a far great cost. Ultimately, the decision between fractional and sole ownership will depend on your personal preferences, budget, and usage needs.
