Thinking of buying a yacht, but I’m not sure if the investment of more than 1 million is for you. Well, think again. There are companies that can make owning a yacht not only a pleasant sailing experience, but also affordable and virtually risk-free.
We know that people participate in many activities to have fun, and sailing is one of the most fun activities. Owning a luxury yacht carries a certain prestige, a kind of status symbol. This is mainly because buying and maintaining the yachts costs millions. And with such a high cost, even the wealthy are looking for alternative ways to own a luxury yacht without all the hassle of maintenance.
When we first buy a yacht, the excitement is there, and while sailing is a fantasy for most, let’s face it, there are only a few days when you will use it realistically. The problem is that maintenance cannot wait for you to return, it is a constant and permanent task as long as you own the yacht. Insurance often requires a full-time captain on board. Some captains have a basic understanding of mechanics and cleaning, but it is not something they like to do. You will most likely need to add additional personnel for polishing, mechanical, electrical, cleaning, etc. Some think they can keep the yacht in the water with little to no maintenance, think again: Filters need to be changed, Oil changes need to be done, Bottom should be cleaned of barnacle growth, Filters need to be cleaned, Air Conditioning Units repaired, generators and motors also need maintenance. The list is endless. Marine mechanics and electricians charge a hefty penny for their work and the bigger the boat, the deeper your pockets need to be. So, in addition to the purchase price of the yacht, be prepared to dish out another 10% per year of the total cost. Without trying to dissuade you from enjoying the nautical lifestyle, on the contrary, be honest about what owning a yacht entails. In fact, we encourage you to do your research. These are obstacles that we try not to think about, or we think will somehow disappear as we are busy enchanted with the beauty of the nautical lifestyle, the yacht itself and the prestige that comes with it.
What if you could have your cake and eat it too? What I mean by this is owning your yacht, sharing your expenses with other owners, and still having pride in owning, equity, and using the yacht when you would like to use it. How about if a fractionally owned business provides you with your own cruise crew, cleaning crew, private concierge who does all of your arrangements, maintenance crew, mechanic, electrical engineer, laundry services, just to name a few? Simply put, a large fractional company can have your yacht ready when you are and when you’re done, your crew will take care of everything. This will greatly help you keep yacht expenses low. Best of all, no one but you will know that you are not the owner of the yacht.
A luxury yacht is not your “everyday” boat. The size of a yacht varies between 40 feet and 328 feet in length. This provides plenty of room for enjoyment – have enough fun while cruising the waters. Having said that, a yacht, as we all know, is a depreciating asset, so don’t be surprised if the millions you pay today are worth only a few hundred tomorrow. If this doesn’t matter to you, stop reading this: Fractional yacht ownership is not for you.
Now for those of you who want a luxury yacht and where investments are important, read on as there is a way you can invest wisely without excessive losses. The yachts come with luxurious cabins that can accommodate as many guests as possible, sometimes up to twelve or more. Your friends, family, or coworkers can join in the fun and space won’t be a problem. They will have enough accommodations to make your trip quite relaxing and a lot of fun. Closing deals on yachts is also common among entrepreneurs.
There are also tax benefits where you can write off up to $ 500,000 and with a fractional ownership company, they act as your management company, we can also charter the weeks you won’t use so you can offset any expenses. Many people would love to have a yacht so that they can enjoy all these comforts and also the elegant effect that comes with it. How about a minibar or a kitchen by the sea? Most yachts feature an indoor and outdoor bar or entertainment area, and professional bartenders ready to mix and serve you your favorite whiskey. Go up to the deck at night and ‘wet your whistle’ with your fellow travelers while you gaze out at the ocean. Talk about class! Finely designed dining rooms are typically found on luxury yachts. Your guests are sure to enjoy an exciting dining experience. More so, alfresco dining can also be set up for your guests to enjoy the beauty of the sunset and the sea itself.
However, a major hurdle is price and maintenance costs. This should no longer be a problem as fractional yacht ownership is designed for people who want to enjoy the prestige of yacht ownership without the maintenance costs and hassles of ownership. And what is more? – Walk in style and walk in style, without worrying about cleaning or maintenance hassles, as the management company takes care of everything.
Imagine this scenario: you agree to meet your family or business partner at the yacht club for a few drinks while you wait for the rest of the family to join you. Meanwhile, your children, wife or grandchildren want to sunbathe or play in the yacht club pool. Now that the whole family has arrived, you are ready to enjoy your private yacht cruise to the Florida Keys. The Captain and the crew await you on your private yacht. The hostess serves you a few drinks before departure. You sail to enjoy your time with your family or business partners and when your trip is over, you simply walk around in class and the crew prepares for cleaning and maintenance. Yes, it is that simple! And yes, this is the best way to have a yacht!