Yacht Co-Ownership: Why It’s Popular

by | Mar 5, 2019 | Boat Rental Service

What’s better than feeling the wind on your face and relaxing on the water during a hot summer’s day? Nothing! However, most people can’t afford to own a luxury boat and don’t like the idea of being a member of a boat club or hiring a vessel every time they want to cruise the water. Yacht co-ownership is an excellent alternative because you own a tangible asset along with seven others, which makes it easier to afford. Therefore, you can enjoy the boating lifestyle you may want to have without worrying.

Yacht co-ownership uses a simple process. You choose from a variety of boats that the syndicate offers, wait until seven other people are interested (or choose one that already has full interest), put money down on it and work out the monthly payments necessary, and sign the deed. You all own it and can do what you desire with it when you book time with the vessel. The best part is that you don’t have to worry about fuelling it up when you get back or before you head out; the syndicate company makes sure that is taken care of for you. Plus, you’re likely to have all the fees included with your contract, making it easier to deal with maintenance/repair costs, docking/storage fees, and all the rest.

LBS allows everyone to be a boat owner regardless of their financial situation. You don’t have to be rich to afford a boat; with yacht co-ownership, you own something that’s going to make other boaters envious. Plus, you don’t have to spend hours cleaning and hosing down the vessel after use. You also receive appropriate training so that you can steer the boat safely. If you want to spend more time with your guests, you can also hire a crew and skipper directly from the syndicate company.

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