FWIW.
If you are not taking advantage of the tax benefits (like Section 179 etc.), then go for the guaranteed income. Although, it is not a simple as it sounds. Here is why:
On the Advantage, typically, 3-cabin cats will get less charter income than 4-cabin boats that are more in demand by charterers. So you will get less income, but also less wear and tear.

On the other hand, 3-cabin boats usually have a higher resale value (about 15 to 20% more) and sell faster, simply because there are less of them on the market, due to the fact that the number of 4-cabin cats manufactured is much larger than 3-cabins.

So a lot of your decision will depend on personal financial calculations, AND if you intend to keep the boat at the end of program.

Michel Benarrosh
sailonline.com