Estockyachtshare, anyone have any experiance?

[A_8]

I have finally sold the Prestige and are looking for the new project. I don't like the short season, cold and windy Sweden for boating anymore and somewhere in the Med would be nice. However I am still hard at my day job so to speak and can't really spend the time on the boat to justify the costs of fully owning 43-52 feet boat in the Med for now.

I had actually put it off for a few more years but came across these guys, looks potentially good but as always I am cautious. Anyone know of them and have any experiance?

https://www.estockyachtshare.com/

Thanks.

 

[scubaman]

Sorry, no experience of thise guys, but congratulations on the sale! It was a long time coming, iirc.

 

[Whitelighter]

I spoke to them before I bought Seralia.

The thing you must understand here is you do not buy shares in the boat. You buy shares in a company that owns the boat.
For me it all looked to complex with many ways it could fail and leave you out of pocket. When I was looking then had a 1/4 share in an almost new Azimut 50 for £50k which seemed to good to be true.

 

[A_8]

Sorry, no experience of thise guys, but congratulations on the sale! It was a long time coming, iirc.

Thanks, I actually sold it last year but have had no "cravings" for a new one until now.

 

[A_8]

I spoke to them before I bought Seralia.

The thing you must understand here is you do not buy shares in the boat. You buy shares in a company that owns the boat.
For me it all looked to complex with many ways it could fail and leave you out of pocket. When I was looking then had a 1/4 share in an almost new Azimut 50 for £50k which seemed to good to be true.

I am aware of the company thing but the prices they have on the current boats seems to be on par with the value of the boat if you take it times 4. The company thing could make it even more tricky for a Swede, I think the Swedish tax man might consider using the boat a taxable benefit so I need to look into that.

I also found Fairline in South Mallorca doing similar schemes, anyone familiar with them?

 

[petem]

I am aware of the company thing but the prices they have on the current boats seems to be on par with the value of the boat if you take it times 4. The company thing could make it even more tricky for a Swede, I think the Swedish tax man might consider using the boat a taxable benefit so I need to look into that.

I also found Fairline in South Mallorca doing similar schemes, anyone familiar with them?

Owning a share of a company that owns the boat would put me right off. I'm not aware of Fairline SM doing something similar but could be wrong. There's a guy called Simon Mander involved in a few boat shares over there (all 50ft+). See mallorcaboatshare.com and boatsharemallorca.com. He also advertises in MBY.