jphart said:
No deal works for just 10 days a year. Rent it, don't buy it.
I know guys who have done Two five year deals with Moorings and Sunsail. They only make it work with 10+ Weeks of time...maximized with the short booking window.
Most owners are never on "their"boat. They exchange for different location and different size/type of boats.
It could work from a financial aspect of having someone else pay it off - all depending upon the boat.
Take a Cat - you can sell time pocketing about $6k per week. So that's an extra $12k a year to go towards principal on the loan giving an extra $60k towards principal while in charter. So in addition to having 1/3 to 1/4 of the boat paid off in the charter, you get that extra $60k. Plus (again assuming a cat) $10k in charter time a year (based on 10 days) - another $50k savings..
Gotta compare to what it would cost to buy the same boat just coming out of charter, but I think it could be feasible depending on the circumstances.
