Yacht option plans? - 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 06-26-2003
mpk mpk is offline
Junior Member
 
Join Date: Jun 2003
Posts: 2
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
mpk is on a distinguished road
Yacht option plans?

Hello all. We are looking into a yacht option plan for a Fountaine Pajot. Has anyone had experience in this kind of program? I''m a little leary of the whole thing- but it sounds like a great way to get a new catamran with the specs you want without wrecking the bank. Any pros/cons would be great..
Thanks
mp
Reply With Quote Share with Facebook
  #2  
Old 06-27-2003
paulk's Avatar
Senior Member
 
Join Date: Jun 2000
Location: CT/ Long Island Sound
Posts: 2,533
Thanks: 4
Thanked 20 Times in 19 Posts
Rep Power: 15
paulk is on a distinguished road
Yacht option plans?

Is this one of the "you own it" charter programs, where you get a time allotment each year and after x years the boat is yours? If so, I have a shipmate who''s gone that route. He''s never sailed his "trophy" cuiser into the club, however, so IMHO that the boat must have gotten pretty beat up. If the program works on the money side, you have to bet that the boats are worked pretty hard. If it doesn''t work monetarily... you may get the boat - and payments - early. Definitely go in with open eyes and have a lawyer who likes you and who knows sailing and boats read the contract first.
Reply With Quote Share with Facebook
  #3  
Old 06-28-2003
mpk mpk is offline
Junior Member
 
Join Date: Jun 2003
Posts: 2
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
mpk is on a distinguished road
Yacht option plans?

Thanks for the info. I must admit that there is that fear that people are going to trash your boat and it''s not so new after 5 years or so. With this program you can supposedlly use your boat "whenever you want" - hmmm... Who knows, we might not be able to wait and just buck up and get out of dodge in 1 yr instead of 5.
Reply With Quote Share with Facebook
  #4  
Old 06-28-2003
Senior Member
 
Join Date: Jul 2000
Posts: 172
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 15
joub is on a distinguished road
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.
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
C&C or Catalina MarsMachine Boat Review and Purchase Forum 59 02-27-2013 11:23 PM
Yacht Broker "Certification" GordMay Boat Review and Purchase Forum 3 01-26-2005 12:59 AM
The Perfect Pocket Yacht craigyouse Boat Review and Purchase Forum 1 01-12-2002 07:16 AM


All times are GMT -4. The time now is 02:53 PM.

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.