Is A Yacht Share Program Right For Me?
Every boat owner dreams of what it would be like to own a bigger boat, cruise farther, and stay out longer. Of course, moving up in size or even owning your first boat comes with other costs such as more fuel, dockage, maintenance, and even the possibility of needing to hire a captain. There are programs where you can still enjoy the experience of being on a yacht, without bearing the cost. Yacht sharing, or fractional yacht ownership, allows several parties to all jointly own portions of a yacht, similar to a time share.
If the full scope of owning a yacht is too stressful or financially too much of a burden, a yacht sharing program may be the perfect solution for you to get out on the water in comfort and style. Imagine having the ability to select the perfect weekends throughout the year to entertain your friends and family? For more information on our yacht sharing program, please contact one of our offices in Québec or Ontario. Below are 5 reasons why a fractional program can benefit your free time and lifestyle.
Cost Savings
The obvious benefit is the cost savings of being a part of a yacht sharing program. For example, Marine360 currently has a 2024 Aquila 44 Power Catamaran available for shared ownership that, if purchased new, would be more than $1.6 million. If you enter the yacht share program, you could enjoy 8 weeks per year on this boat (a 16% share) for $185,000 USD. There is also a monthly maintenance and storage fee for all parties that’s described below.)
Full Service & Maintenance Program
As part of Marine360’s fractional ownership program, you can enjoy the advantages of having a yacht at your disposal without the hassles of routine maintenance or service issues. As part of your monthly $2,000 CAD maintenance fee, our management team will ensure all service is professionally handled and the boat is regularly cleaned. Storage of your Aquila 44 is also covered under the agreement. With dockage space at a premium and sometimes difficult to find, this offers a considerable value to our fractional customers. A professionally maintained boat also raises the re-sale value, making it easier to sell your share when you choose to move on.
Ability To Enjoy Multiple Locations
As part of the fractional ownership program, your yacht will be stationed at multiple locations throughout the year. Marine360 will ensure your yacht is transported and moored at each destination, taking the struggles out of finding dockage from your worries. The Aquila 44, for example, will move between the Bahamas (Nassau), South Florida, and the Hamptons – all highly desirable yachting locations depending upon the season. Never again will your vacations be a challenge to plan!
Most Yacht Owners Have Limited Time
Ask any yacht owner how often they get the time to enjoy their boat and the answer is almost always the same – “Not enough”. So what happens to the yacht while they’re not using it? It sits. And with a sitting vessel, things start to go wrong and more service issues arise. A yacht functions the best when it’s routinely used and cared for. So why pay full price for a boat that you will only occasionally use? The Marine360 Yacht Share program ensures your boat is used often, well-maintained, and you are only paying for the time you spend on it!
Your Shares Of The Yacht Can Easily Transfer
Selling a yacht can be difficult, but selling a portion of a yacht, with all of the added benefits of our fractional ownership program, can be a much easier proposition. As a yacht share customer, you are free to sell your ownership share of the yacht at any time, to the highest bidder. The ownership is easily transferred at any time should you want to move into a larger yacht or whatever your boating plans call for.
If you are interested to learn more about the Marine360 Yacht Sharing Program, please contact us by filling out the form on this page and one of our team members will promptly reach out. In addition to the Aquila 44, we will be adding new boats into our fractional ownership program fleet very soon.