The Art of Mastering
November 5, 2019
What is Fractional Yacht Ownership?
Many people have a dream of owning a yacht or a boat. However, their financial constrains don’t allow them to have the capability of purchasing one or maintaining it. The fractional yacht ownership could be for them. According to previous research, it has been discovered that those who own boats or yachts do not use then for more than 35 days in every year. The boat owners have had the experience and they are aware of how expensive it is to own and maintain the boat. The boat needs endless services. Fractional ownership gives you a chance to own a yacht or a boat at a proportion of the cost of the sole owner and with no direct cost for maintenance. It can be compared with the hiring of a hotel for your vacation. When you are need of using the boat, you will find it ready, completely maintained, cleaned and serviced waiting for you.
All of this sounds very good. But what is the actual meaning of fractional ownership? Fractional boat or yacht ownership means that you will be in possession of a percentage of the boat or yacht and you will have all the full access of the vessel without any extra costs. You will have a company that will be managing the yacht for you and the other owners and you will pay for the services for the management of the boat.
When you are in the process of looking for fractional boat ownership, you should consider looking for a reputable company that clearly highlights the kind of services that they will offer you. You can inquire about their familiarity in the field and for an inclusive list of their services. The aim of the fractional vessel ownership is to remove all the financial tresses experienced in owning the boat as a sole member. This means that you can have more time in the sea having pleasure at the yacht of your preference with your family or buddies.
You have a great advantage of much different type of boats to select from through fractional yacht ownership. Any budget can hence be accommodated. A small boat will few facilities and tend to be less expensive that the larger boats with all extra amenities. If you want a less cheap alternative, you can have older boats but if you have a taste of new boats, these are usually added to fleets. A lot of people have the preference of getting boats with sails. If you are an aspiring shareholder, you should check with the boat companies to check whether they will have new boats in the future to provide for your needs. You will then be one step ahead to acquiring and using your own yacht at a proportion of the cost of being the actual owner.
The big problem experienced from owning a yacht is its storage when the vessel is not in use. The cost of docking it at the marina can be quite expensive. However, with fractional ownership, your yacht is always docked and ready for use.
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