Is a Fractional Boat for You?
Is a Fractional Boat for You?
You want to own a boat, but are uncertain of the expense have you considered owning a fractional boat? We all know that owning a boat is an expensive and an extremely desirable proposition. You've got the cost of the boat itself, plus maintenance, repairs, equipment, gear the cost potential is endless. Fractional ownership may be the right thing for you.
A fractional boat is exactly what it sounds like: you own a fraction of a boat. Along with other owners, you own a portion of your boat and are responsible for paying only for that portion and not the whole boat. Essentially, you pay for exactly as much boat as you plan to use. This sounds simple, right?
The benefits are tremendous. First, you obviously will not need to make as significant a financial investment as you would if you were sole owner of a boat. You will pay only a portion of the price, similar to the cost of a membership. By making a lesser financial investment, you can save your money for other things like accessories, gear, and equipment.
Second, by sharing ownership of the boat with others, you will not be responsible for paying for the entire cost of maintenance. Many companies that offer fractional boat ownership oversee maintenance. Not only will you not have to foot the bill, you also will not have to deal with the headache of arranging for professional servicing and repair. This will significantly reduce your cost and your frustration! Maintenance management can be handled online, so as a partner in the fractional ownership, you will be able to see a maintenance log to ensure your satisfaction with the process.
Lastly, you will have the benefit of having professional management of your asset. For example, if another owner decides to sell his fraction of the boat, you will not have to handle legal fees and negotiations. If you wish to schedule use of the boat at a particular time when another owner wishes to use it, the professional management team will work out the schedule and accommodate everyone's needs if possible. Fractional ownership is cheaper than owning a boat on your own and is less stressful than managing the asset on your own.
Now, the downside: you will have to share. And it may not be easy to share your boat. What if you want to use it at the same time someone else does, and their request was in before yours? This may mean you will not be able to use the boat as frequently as you may like. This can be frustrating and a little disappointing. Further, you will need to realize that another owner may damage the boat such that it requires repairs and is out of commission for a period of time. There's a lack of control that comes with fractional boat ownership, which could be somewhat uncomfortable.
The benefits of a fractional boat are great, but there are downsides to this arrangement as well. Assess your needs to determine if fractional ownership is right for you. Sailing on Lake Windermere Pensacola Boat Charter What Parts Make Up A Sail Boat Shallow Water Fishing Boats Choose A Reliable Boat Building And Repair Company Paris Offers The Options Of Paris Boat And The Barge Rentals Paris Boats – The Floating Home Tips For Buying Used Boats For Sale Dragon Boat Festival 2011 Boat Rentals At Florida Keys The Advantages Of Renting A Boat Fishing Boat Rentals In Florida Keys Set up Your Own Boat with Plans 4 Boats