Partnerships are a great way to minimize cost by spreading out the fixed cost of ownership over the number of partners involved. A well written agreement between the partners is a must but done properly, the the positives of the boating experience can be enjoyed at a fraction of the cost of traditional singular ownership. To discuss this or any of our other suggested ownership options, please give us a call or drop us a note via email.
Yacht Lease Back
Another great way to dramatically lower costs and avoid state sales tax (in many states) is to purchase your new boat and lease it back to another entity. There are several ways that this can be accomplished:
[bullet_list icon="play" indent="10px"]
Charter Lease Back - A yacht purchased and leased back to a bareboat charter company can offset costs by charter revenues. There are also many tax advantages to this type of arrangement.
Demonstrator Lease Back - Purchasing a boat and leasing it back to the manufacturer or manufacturer's agent would essentially be a charter lease back, enjoying the tax advantages as well as receiving income.
Form a Yacht Club - A singular owner can lease time on a bareboat basis to other individuals in a club arrangement. This insures that all users are proficient in the boat.