JollyJim
New member
Has anyone got any experience of the ownership programmes operated by companies such as Sunsail or The Moorings?
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Ownership
- Thread starter JollyJim
- Start date
oldsaltoz
New member
A great way to make a small fortune, provided you start with a big one.
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snowleopard
Active member
depreciation is very much higher on a charter boat so it's a fair bet your boat will be worth about half its new price when released. that means you get back what you put in and the free sailing makes up for the loss of interest.
a bit of a toss-up really!
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a bit of a toss-up really!
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bedouin
Well-known member
From the purely financial perspective it doesn't make sense.
Look into the finances carefully. In particular don't forget to include finance costs / loss of return and don't overestimate the resale value.
If you do the figures correctly you will see that it is not a stunning deal - and certainly not worthwhile unless you make extensive use of the 'free' sailing that is included. Extensive probably means 4 weeks or more a year.
I have met a couple of owners who were delighted with the scheme - but they used their entitlement to have several weeks sailing a year in exotic locations.
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Look into the finances carefully. In particular don't forget to include finance costs / loss of return and don't overestimate the resale value.
If you do the figures correctly you will see that it is not a stunning deal - and certainly not worthwhile unless you make extensive use of the 'free' sailing that is included. Extensive probably means 4 weeks or more a year.
I have met a couple of owners who were delighted with the scheme - but they used their entitlement to have several weeks sailing a year in exotic locations.
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Twister_Ken
Well-known member
Alternative idea
Or you could spend half the money now and buy an ex-charter boat. That way, you don't have to wait three years to get 100% use of it.
Of course, there are plenty of other alternatives!
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<P ID="edit"><FONT SIZE=-1>Edited by Twister_Ken on 06/06/2003 00:56 (server time).</FONT></P>
Or you could spend half the money now and buy an ex-charter boat. That way, you don't have to wait three years to get 100% use of it.
Of course, there are plenty of other alternatives!
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<P ID="edit"><FONT SIZE=-1>Edited by Twister_Ken on 06/06/2003 00:56 (server time).</FONT></P>
Rob_Webb
Active member
Clearly, these schemes are only offered to outsiders because the business model is somewhat flawed from the charter companies point of view. Otherwise, if it was such a great arrangement, the charter companies would keep all the action in-house and make the most amount of dosh they could for themselves - so they only allow outsiders to get involved to offload some of the risk and share in the costs.
Feels a bit like trying to gamble against the house when the odds have all been worked out long ago - can only work against you.
Not tempted.
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Feels a bit like trying to gamble against the house when the odds have all been worked out long ago - can only work against you.
Not tempted.
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GeorgeP
New member
These things don\'t make financial sense..
.. which is why the charter companies want to offload them. The only way it might be worthwhile is if you want to use a large proportion of your free weeks.
And have you seen the state of ex-charter yachts? Go down to Sunsail or one of the other charterers in the UK and ask to see any of the yachts they are selling!
Good luck whatever you decide to do!
G
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.. which is why the charter companies want to offload them. The only way it might be worthwhile is if you want to use a large proportion of your free weeks.
And have you seen the state of ex-charter yachts? Go down to Sunsail or one of the other charterers in the UK and ask to see any of the yachts they are selling!
Good luck whatever you decide to do!
G
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vyv_cox
Well-known member
Re: These things don\'t make financial sense..
Unless things have changed, the Port Solent boats are not a reasonable comparison. Up to a few years ago the UK was the last resting place for them, having spent years in the Med and Caribbean first. This is probably a wise policy on Sunsail's part as UK punters have a poor reputation in looking after them. Three and four year old Sunsail boats in Palma Mallorca, for example, are immaculate.
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Unless things have changed, the Port Solent boats are not a reasonable comparison. Up to a few years ago the UK was the last resting place for them, having spent years in the Med and Caribbean first. This is probably a wise policy on Sunsail's part as UK punters have a poor reputation in looking after them. Three and four year old Sunsail boats in Palma Mallorca, for example, are immaculate.
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andy_wilson
New member
Last resting place....
The Port Solent fleet of Jeaneau 36's a couple of years ago was divided between Largs and Plymouth.
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The Port Solent fleet of Jeaneau 36's a couple of years ago was divided between Largs and Plymouth.
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