You want to own a boat, but don’t have that much money or want to finance for that amount. You’re like many in the same situation who have learned about and use Luxury Boat Syndicates. Yacht share options are available, which allow you to own part of the boat along with others. It’s important to understand how it works and why it’s beneficial to ensure that you don’t make the mistake of missing this opportunity.
Purchase Your Share
The first step is to locate a syndicate company that you feel comfortable with, as they will take care of the boat for you and ensure that it is ready for use. Research various programs and find one that fits your needs. Then, contact them and enquire about options. Once you find one that suits you, you can start the process of purchasing a share.
Learn The Ropes
The next step is to be trained on how to sail. While you can always hire a skipper, it can be fun to do it yourself. The management company you select should provide comprehensive training, and it will likely be required before you can sail. Likewise, they can provide you with additional training as needed if you’re still not comfortable. You will also need an NSW Maritime boating license before you can set sail on your first voyage.
Book Time On Your Yacht
As an owner, you are likely to get an equal number of days/nights on your yacht, just like all other owners. Some companies allow you 43 total days per year, including 13 weekend days and 30 weekdays. You can also opt in for standby days, in case another owner can’t make their day.
Have FUN!
Bring whatever you want on your turn, including drinks, food, and clothing. Everything will be fuelled and ready for departure when you arrive.
