The 4000 is a nice boat. You did not provide any details of what they offered you. If it’s a 9% program on a 3 cabin that’s a decent deal. Make sure you sell two weeks a year and apply it against the note. It goes without saying try and keep the purchase price low and negotiate the best guaranteed trade you can. Try and get the longest possible program time.
The Moorings maintenance is overall about average but you have a fully paid overhual that can be surveyor supervised.
Here is the best part of the Moorings program. They start paying you the day you close on the boat. If you were on a shared revenue program you get nothing until the boat is in charter but still have to make the payments. That can be 3 to 6 months before the boat is delivered or in charter.. If your boat is damaged or out of service you continue to get paid. The Moorings had virtually every boat in their fleet damaged or destroyed. Not one owner missed a check and the owners with destroyed boats received very generous insurance settlements. Owners in shared revenue programs were not as fortunate.
The damage boats have been repaired to a very high standard directly supervised by the factory. Repaired boats are showing little to no loss of resale value.
The bad news is the Moorings program is a leaseback and that limits tax advantages. There are some aggressive tax strategies out there on shared revenue boats.
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