Recreational boaters tend to enjoy their time on the water, always wishing they could get out more. Higher fuel prices and the expense of boat ownership has led most to resolve themselves to renting for a special occasion. If you already have a boat, there may be little you can do to cut costs, but if you’re on the verge of buying, consider Sydney Yacht Share from Luxury Boat Syndicates instead.
Buying Isn’t Just The Boat
Most people dream of buying yachts and boats, imagining themselves on the water. However, they neglect to take into account the total cost of ownership, which can include storage, insurance, maintenance, repairs, mortgages and more. Fortunately, you’ve got another option with Sydney yacht share. You choose a company, find a boat you like and want to buy, and then pay for a portion of it. You and others all pay a portion and can use the boat an equal amount of time, usually the equivalent of two months or one-and-half months.
Selling Is Part Of Ownership
As with everything in life, you’re likely to sell older appliances and items when you want to upgrade to newer ones. For example, most people keep refrigerators and ranges for about three years before trading up, as well as washing machines, dishwashers, dryers, and boats. With a management company, you’ll pay for your share of the boat, use it for three to five years (depending on the company you choose), and they’ll sell it for as much profit as possible. Then, you all get back the money you paid into it and can use that money to get a different boat that suits your needs.
Things That Are Covered
In most cases, your insurance will be taken care of, as well as storage, maintenance, and repairs. You may not have to do anything more than show up and get on your boat, and then leaving it to be cleaned and refuelled for the next shareholder.