Yacht option plans?
I went into a similar arrangement with a motorhome. My plan was to rent out the MH through a MH rental agency (much like a charter company) , take a write off on the MH as a business, and use the income to pay for it. It worked for me.
We had the use of the MH for vacations. I expected the MH to be trashed after a few years....it wasn''t, but sold it as planned, and bought a new MH for our retirement.
The revenue/write off from the rental arrangement allowed me to get into a bigger MH than I could have originally. When I went shopping for the new MH, I was much more knowledgeable, knew what I really wanted, and was better informed about motorhomes in general.
I believe the key to these deals is how much revenue will they REALLY generate, and how much is the maintenance/insurance going to cost? I''d try to contact someone already in the deal and find out if they are happy with the arrangement.