Buying a boat with a lease contract. - SailNet Community

   Search Sailnet:

 forums  store  


Quick Menu
Forums           
Articles          
Galleries        
Boat Reviews  
Classifieds     
Search SailNet 
Boat Search (new)

Shop the
SailNet Store
Anchor Locker
Boatbuilding & Repair
Charts
Clothing
Electrical
Electronics
Engine
Hatches and Portlights
Interior And Galley
Maintenance
Marine Electronics
Navigation
Other Items
Plumbing and Pumps
Rigging
Safety
Sailing Hardware
Trailer & Watersports
Clearance Items

Advertise Here






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


Reply
 
LinkBack Thread Tools
  #1  
Old 02-19-2011
Junior Member
 
Join Date: Feb 2011
Posts: 9
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
Hydroplane is on a distinguished road
Buying a boat with a lease contract.

Hello to all!
I am wondering if there is anyone with experience/advice concerning buying a new boat, with a lease contract?

Pro's vs Con's

PS I am still kicking myself for not buying a Cheoy Lee 63 motorsailer in 1985, when I had the chance.

Last edited by Hydroplane; 02-19-2011 at 12:08 PM.
Reply With Quote Share with Facebook
  #2  
Old 02-19-2011
hellosailor's Avatar
Plausible Deniability
 
Join Date: Apr 2006
Posts: 10,447
Thanks: 1
Thanked 76 Times in 74 Posts
Rep Power: 10
hellosailor has a spectacular aura about hellosailor has a spectacular aura about
You wouldn't be buying a new boat with a lease contract, you'd be leasing it, wouldn't you?

So just what are you trying to do?
Reply With Quote Share with Facebook
  #3  
Old 02-19-2011
Junior Member
 
Join Date: Feb 2011
Posts: 9
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
Hydroplane is on a distinguished road
Well, from what I understand, I would be buying the boat at a significant discount and a contract for yacht managment for a period of 5 years. The management company will charter the boat out durring that period durring the "high season" and I the owner can have the boat for the rest of the year as well as three weeks in the "high season". You, as the owner or partner get a choice of return from the charters.

Here is some links to the YM companies.

http://www.cosmosyachting.com/cosmos...neral_2011.pdf

Nomicos Yachts Ltd.
Yacht charter Greece, Caribbean, Croatia, spain, Turkey, BVI, Italy, Seychelles, Charter World yacht charter- - luxury motor boat vacations and crewed sailing yachts
Reply With Quote Share with Facebook
  #4  
Old 02-20-2011
Dreamer
 
Join Date: Jun 2009
Posts: 62
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 6
jordanship is on a distinguished road
This type of deal is usually termed not leasing but "purchase and charter." The first manufacturer I know of to offer such a construct was Van Ost at Carribean Sailing Yachts better known as CSY in the 1970's. Later on in the late 1980's after stopping production, CSY continued to facilitate their charter operation using Gulfstar Yachts. Other Caribbean charter organizations include Stevens, CYC, and Moorings each of whom used the purchase and charter model. Moorings still is operating using Beneteau as a manufacturer.

The deal often does not work out well for the owner due to hard use and poor maintenance by the charter operation. The charter group has little incentive to keep up the condition of your yacht. Mainly they care if she can run charters because in 5 years she will be totally under your ownership. The charter group has a depreciating asset with a 5-year term.

The key for you if you enter such a contract is to be watchful of the charter organization and hold them up to their legal responsibilities articulated within the contract. It is your responsibility to make sure she is maintained as promised. Especially important is the 5-year mark when you are released from charter. You should get a forensic survey and make sure they fix any problems noted. The squeeky wheel gets the grease...

In sum it can work, and you can save significantly. There are great charter groups out there too.

Sincerely, RJ
Reply With Quote Share with Facebook
  #5  
Old 02-20-2011
Junior Member
 
Join Date: Feb 2011
Posts: 9
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
Hydroplane is on a distinguished road
Thanks RJ,
Are there any YM companies operating out of the med. which in your opinion are the better ones?
We are planning a trip to Greece/Turkey for the end of March to look some boats over. At this point it looks like there are plenty of Bavaria Cruisers in the range of 36 to 49, which could be interesting. We are most interested in boats over 40 feet.
I have seen a few boats listed, which are near the end of the contract period, which sparked my interest.
I am also beginning to get the impression that the Bav. Cruiser has not so good of a rating either.
Reply With Quote Share with Facebook
Reply


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
Rockport Boat Club in financial straits ‚?? Says lease hike threatens youth sailing ‚?? Calls town ‚??greedy‚?? for ... (Camden Herald) NewsReader News Feeds 0 01-09-2007 10:15 AM
Rockport Boat Club in financial straits ‚?? Says lease hike threatens youth sailing ‚?? Calls town ‚??greedy‚?? for ... (Camden Herald) NewsReader News Feeds 0 01-05-2007 04:15 PM
Lease Back ktuna Boat Review and Purchase Forum 2 10-12-2006 05:21 PM
boat purchase offer/contract/checklist apresski Boat Review and Purchase Forum 3 10-01-2006 06:01 PM
Boat Contract/JeffH wannasail Boat Review and Purchase Forum 2 02-01-2002 02:23 AM


All times are GMT -4. The time now is 08:58 AM.

Add to My Yahoo!         
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, 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.