Getting Started With A Boat Share

November 15, 2011   Filed under Travel

Getting a boat share is somewhere in between buying one outright or using a one time charter. The charter is acceptable for those who might only need the vessel once, like for a vacation. On the other hand, buying it might be considered overkill for someone who has no plans to love on the boat, or use it every single day.

Sharing ownership, on the other hand, offers a whole lot of flexibility in terms of use and time spent on the water, without being saddled with the costs and responsibility of ownership. There’s no need to worry about buying the vessel, nor about insurance, marina fees, etc. Most importantly, the hassles and cost of the vessel’s maintenance are out of the picture.

Way it works is that there are boat share or fractional yacht ownership companies that manage the whole thing. People can buy actual shares that provide fractional ownership in the vessel. It could also be a timeshare arrangement where members simply pay annual membership fees and usage charges which are much lower than the cost of a charter.

There are many variables involved here, so do so some comparison shopping to see which company is offering the best deal. For instance, how much time per year does a member/owner get on the vessel, and how does the booking arrangement work? Some companies have limits on how soon the next trip can be taken after one trip out on the water.

Others may require some form of advance notice to prevent a clash of dates between co-owners of a vessel. This is especially true during peak periods, such as holidays and summer vacations. Then there’s the question of the maintenance and who pays for it.

Then there are also questions about the crew (if any) and other such factors that depend on the size and type of the vessel. The summary of it is that a boatload of money can be saved by opting for a boat share. It allows people to roam the seas at will without having to pay through the nose, but it still has to be looked into carefully to make sure the arrangement is legit.

Find everything you want to know on sailing boat rental by checking out our website.

Comments

Tell us what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!





Spam Protection by WP-SpamFree