Yacht Ownership via charter company (your comments, please) - SailNet Community

   Search Sailnet:

 forums  store  

Quick Menu
Boat Reviews  
Search SailNet 
Boat Search (new)

Shop the
SailNet Store
Anchor Locker
Boatbuilding & Repair
Hatches and Portlights
Interior And Galley
Marine Electronics
Other Items
Plumbing and Pumps
Sailing Hardware
Trailer & Watersports
Clearance Items

Advertise Here

Go Back   SailNet Community > On Board > Boat Review and Purchase Forum
 Not a Member? 

LinkBack Thread Tools
Old 08-11-2004
Junior Member
Join Date: Aug 2004
Posts: 3
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
Pete_in_Austin is on a distinguished road
Yacht Ownership via charter company (your comments, please)

I''m gathering information from charter companies about their "ownership" programs, and would like to hear some first-hand accounts from individuals who have been through this process before.

Please share your experience online or privately.


Reply With Quote Quick reply to this message Share with Facebook
Old 08-12-2004
Jeff_H's Avatar
Join Date: Feb 2000
Location: Annapolis, Md
Posts: 6,786
Thanks: 5
Thanked 123 Times in 97 Posts
Rep Power: 10
Jeff_H has a spectacular aura about Jeff_H has a spectacular aura about Jeff_H has a spectacular aura about
Yacht Ownership via charter company (your comments, please)

I have been around quite a few deals where people were trying to put an ex charter boat back together. This is a question that comes up quite frequently on the sailing BB’s. From reading posts and from talking to people who have done the purchase lease back or bought ex- charter boats I have come to the following conclusions. While not every boat that comes out of livery is trashed most come out with defects, some minor, some major, some visible and some a product of wear or neglect that is waiting to fail.

You have to understand how these boats are used. First off, they are out of their slips, almost day in and day out. There is no lay-up for proper maintenance and when something breaks it is quickly patched so the boat can get back into use. A typical private yacht might be under way 20 to 50 days per season. Charter boats can be under way more than 200 days a year. In other words one charter boat year equals 4 to 10 years of normal use.

Most of the big charter fleets are in the Caribbean, which is not an easy environment on boats. Lots of sun, high salinity, lots of breeze which all takes a toll. This is the harshest kind of existence for a boat.

Then there are the charterers. These boat are being used by people who in the best case are well meaning and careful but are not completely familiar with the operation of the particular boat they have chartered. AND, In the worse case, are not competent and frankly don’t care. Charterers run the gamut from people who are a bit timid and spend a lot of time at the dock, perhaps not all that well tied up and protected. To the other extreme, the people who feel they have rented this thing and by golly they will sail it or slog it at full throttle no matter how much wind is out there; with a spectrum of every type of personality in between.

Adding to the problem is that charter boats are usually ordered with fairly minimal quality equipment, such as slightly undersized winches, travelers with almost no purchase, the smallest self-furler that can be expected to make it through the lifespan in livery, cheap sails made of inexpensive but heavy cloth, and so on.

From talking to people who have bought ex-charter boats, you might expect to have to upgrade, replace or repair some cobination of: engines, sails, deck hardware, upholstery, running and standing rigging, instruments, ground tackle, galley equipment, as well as, need to address cosmetic issues. In the worse cases that I heard, there were keel and frame structure problems from a probable hard grounding, and a major electrolysis problems leading to a sinking when a bronze thru-hull gave up the ghost.

Now then, not every boat is going to have every one of these problems but even if there is a minor mix of some of these, it can result in a lot of long term high maintenance costs. In the end you have to ask yourself whether you couldn’t buy a solid boat, that was not in charter which has better gear and less use, for less money and a lot less effort than it would cost to buy an ex-charter boat and put it in shape or worse yet end up with a beat to death ex-charter boat that you either have to dump or restore.

There was one fellow that I knew real well and who had gone the charter boat route and had ended up replacing an engine, sails, awlgripped the hull and refinished the interior and replaced instruments and a lot of deck hardware that I knew of. He once said, ”You know the guy who buys this boat from me is going to get a great deal.” He was probably right. The fact that the boat had been in charter will always limit its resale price and the fact that this guy had done a great job fixing it up meant that he had far more in the boat than he could sell her for. Perhaps, the right answer is to look for the ex-charter boat that some guy just restored.

Reply With Quote Quick reply to this message Share with Facebook
Old 08-15-2004
Senior Member
Join Date: Jan 2002
Posts: 149
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 14
paulmcquillan is on a distinguished road
Yacht Ownership via charter company (your comments, please)

We had a boat in a charter program, and pulled it out after a year. Just couldn''t deal with the dings & such caused by new people who are trying something for the first time on board our boat.

Don''t mean that they were all beginers, but all were trying something they''d done on other (often smaller) boats for the first time on ours. That''s a lot of potential damage.

The bent throttle lever during a docking was the final straw.
Reply With Quote Quick reply to this message Share with Facebook

Quick Reply

By choosing to post the reply above you agree to the rules you agreed to when joining Sailnet.
Click Here to view those rules.

Register Now

In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.
User Name:
Please enter a password for your user account. Note that passwords are case-sensitive.
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:


Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools

Posting Rules
You may post new threads
You may post replies
You may post attachments
You may edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Greece (Athens) One Week eph05 Chartering 12 09-24-2009 04:09 AM
Fractional Yacht Ownership Bluesmoods Boat Review and Purchase Forum 8 06-22-2007 10:05 AM
Charter yacht company in Greece Teamofyachtland Chartering 0 11-25-2004 04:00 AM

All times are GMT -4. The time now is 07:02 PM.

Add to My Yahoo!         
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2015, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.1
(c) Marine.com LLC 2000-2012

The SailNet.com store is owned and operated by a company independent of the SailNet.com forum. You are now leaving the SailNet forum. Click OK to continue or Cancel to return to the SailNet forum.