The Right Choice is the Best Choice for You!
Owning a new yacht built can be fun and rewarding. Most think only of the traditional "outright purchase" method but there are alternatives that can drastically drive the cost down and even allow owning a boat larger than you imagined. Check out the below tabs for more information and contact us for more ideas. We are invested in your happiness and want to support you in your boat-ownership journey.
Single Owner
- Best if long term cruising or live-aboard is desired.
- Boat can be used at owner's discretion.
- Fewer running hours resulting in less wear and tear.
- Sales or use tax is paid by owner.
- Owner bears full cost of the boat including
- Capital cost
- Moorage
- Insurance
- Maintenance and repairs
- Cleaning
- Depreciation
Partnership
- Purchase price is split between owners.
- Fixed expenses are split between owners.
- Use may have limitations.
- More wear and tear than single ownership.
- Partners must agree on major decisions such as:
- When to sell
- Upgrade purchases
- Maintenance
Leaseback
- Sales tax avoided at time of purchase
- May have federal and/or state tax saving benefits
- Generate income to offset expense
- Managed boat is ready when your are.
- Boat is not always available.
- Additional wear and tear.
- Additional maintenance required.
