SailNet Community - View Single Post - Purchasing a Charter Catamaran from the Moorings
View Single Post
  #15  
Old 05-05-2013
TropicCat's Avatar
TropicCat TropicCat is offline
Senior Pirate
 
Join Date: Oct 2008
Posts: 2,235
Thanks: 1
Thanked 8 Times in 8 Posts
Rep Power: 6
TropicCat is on a distinguished road
Re: Purchasing a Charter Catamaran from the Moorings

Quote:
Originally Posted by Zanshin View Post
...Do any of them belong to Moorings or are all owned by individuals? Moorings will take possession of a cat if the previous owners upgrade or have the fixed-price sale contract and those models will often be priced more aggressively than their privately owned counterparts.
While I didn't get into this, you've brought up a very good yet, misunderstood point. Most charter boats are owned by private individuals, and are then leased... usually on a 5 year contract, by Moorings or SunSail, or whomever. At the end of the lease it's the owner's boat, and they are responsible for it.

In the past, this has been an excellent offshore investment vehicle. These days, not so much.
__________________
Tropic Cat

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
Reply With Quote Share with Facebook