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What Is the Best Yacht Charter Ownership Program? A Comprehensive Guide

What is the best yacht charter ownership program  a comprehensive guide.

If you've ever dreamt of owning a sailing yacht and embarking on life-changing adventures while maximizing your investment, Navigare Yachting’s yacht charter ownership programs can turn that dream into a reality. 

With several options available, how do you determine the best yacht charter ownership program for your needs? In this guide, we'll explore the key features and benefits of Navigare Yachting's most popular Ultimate ownership program, providing valuable insights to help you make an informed decision and see if this is the right fit for you.

Flexible Investment Program:

Navigare Yachting’s Ultimate program provides unparalleled flexibility and empowers you to steer the course of your yacht ownership experience. With this program, you have complete control over how often you explore our 11 destinations and have the potential to maximize your charter revenue with a variable income of up to 12% annually. 

This program sends the majority of the revenue to the owner. From this revenue stream, you will pay the maintenance expenses of the yacht. The additional risk allows the program to qualify for US tax advantages and, typically, offers the highest return. With this program, your yacht can quickly turn into a profit-generating asset. 

To learn more in-depth about the Ultimate program, check out this webinar . 

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Yacht Ownership Made Easy:

With the Ultimate program, you purchase a new yacht through Navigare Yachting, which is then placed in our charter fleet. In our ownership programs, Navigare takes care of all the logistics associated with maintenance and charter turnover, relieving you of the hassle and saving you both money and time. 

Enjoy the privileges of yacht ownership without stress. Leave all the work associated with boat ownership for us. You’ll enjoy your boat on your own schedule and let it generate income the rest of the time without having to lift a finger.

Maximize Income Potential:

The Ultimate Program is not our most popular program without reason. One of its most significant advantages is the opportunity to maximize your income. With the Ultimate program, also known as the variable program, you can capitalize on any unused owner weeks by leaving the boat available for charter to increase your earnings. The percentage of income varies depending on factors such as the type of boat you buy, destination choice, and yacht maintenance. 

While the Ultimate program has the potential to be the most profitable, if you prefer a higher level of security, you may opt for the Complete or Smart programs instead, which offer a guaranteed income and no maintenance costs or the ability to offset the initial cost of the yacht using charter revenue.   

Flexibility to Explore the World:

Imagine indulging in the pleasures of sailing the world as little or as often as you desire. In this investment program, you can use your yacht for up to 12 weeks per year. This opportunity gives you the choice between maximizing your revenue by leaving the yacht available for charter or getting the most out of your investment by sailing more. 

All of our ownership programs not only give you access to your own boat but to our entire fleet and all of our 11 destinations. With a steep discount, you can charter any other yacht in the fleet, giving you the exclusive opportunity to explore other parts of the world and other yacht models while your own boat generates income. 

The Ultimate program offers a flexible sailing schedule, where you have the ability to reserve the boat last minute if it has not been booked by charter guests. Additionally, you can share your yacht with your loved ones as owner weeks can be used by your direct family members, without extra charge to them. 

Expert Guidance and Support:

At Navigare Yachting, our team of experts takes care of yacht maintenance and charter turnovers, ensuring that you can enjoy your yacht stress-free. 

We provide professional yacht and charter management services, with a dedicated owner support system. Our owner’s concierge will take care of you from the day you enter the fleet to the day you leave it, helping you book your owner’s weeks and taking care of any inquiries you might have. 

Furthermore, our unique online Service Platform allows you to track all planned and completed services in real-time, keeping a close eye on your vessel at all times. 

Holiday Program Rewards:

In our charter fleet, in addition to the sailing time mentioned above, you gain access to our exclusive Holiday Program called Thirdhome . This program allows you to earn points that can be exchanged for unforgettable vacations on land anywhere in the world. Whether you prefer sailing on your own yacht (or another yacht in our fleet) or exploring various worldwide destinations and live in luxury vacation homes, the Ultimate program offers it all. 

Thirdhome will take your vacations to the next level, exchanging your week on the water for a luxury ski resort in the Alps, a massive villa in Bali, or a beautiful beach house in Costa Rica while only paying a small cleaning and booking fee. The Holiday program offers thousands of luxury vacation rentals globally and is a truly unique opportunity to get even more out of your yacht ownership. 

Carefully Planned Exit Strategy:

When considering a yacht ownership program, it's essential to have a clear exit strategy in mind. Navigare Yachting understands this and offers guidance tailored to your long-term goals and will assist you in making the best decision. 

Through our ownership programs, we offer many beneficial exit strategies, whether you want to continue owning boats, take a break from the boating lifestyle, or retire and go cruising. 

Thanks to the high market value of our yachts at the end of the charter program, one reasonable option is to simply sell the boat. Trading the vessel in for a new boat is another great option that tailors to those who want to continue living the boating lifestyle within a financially sound framework. Or why not retire on your yacht and sail away into the horizon? Enjoy complete freedom and explore the world.

No matter what you choose, our sales representatives are here to guide you through every step of your exit from the fleet. 

All of Navigare Yachting's yacht charter ownership programs provide an exceptional opportunity to own a yacht, maximize your investment, and enjoy unforgettable sailing adventures all at the same time. The Ultimate program has been our most popular historically due to its flexibility, income potential, expert guidance, and access to exclusive benefits. The Ultimate program clearly stands out as an excellent choice for those seeking a financially rewarding yacht ownership program.

Our team of experts is ready to help you embark on a journey of luxury, freedom, and financial rewards, so what are you waiting for? Don’t hesitate to get in touch and start your yacht ownership adventure with Navigare Yachting today!

Do you have any questions? Ask away! We are here for you.

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Ask a Charter Yacht Ownership Expert: Q&A with Christine

yacht charter ownership reviews

The cruising lifestyle is all about freedom and options — starting with the journey to ownership.  If you’re curious about charter yacht ownership, we invite you to tune into our previously recorded livestream presentation. It’s a chance to gain unique insights from Christine, one of our Yacht Ownership experts. In this episode, Christine explains The Mooring’s Yacht Ownership Program and outlines what you should consider when deciding whether this path is right for you. She also shares insights gained while working with hundreds of Moorings owners and answers participants’ questions throughout the entire livestream. 

What was covered?

With over two decades of experience at The Moorings, including 13 years in the beautiful British Virgin Islands, Christine is undeniably an expert in the field of yacht sales. During the one-hour event, she delves into why The Moorings Yacht Ownership Program should be at the top of your ownership choices. She provides valuable insights and answers questions about whether the program aligns with your lifestyle. Additionally, Christine breaks down the purchasing process, highlights the benefits of ownership, and goes into detail about pricing and the workings of the Guaranteed Income program. She also details how our Owner's Use works by explaining the Owner Privilege Table.

Finally, just before answering the last round of viewers' questions, Christine dives into the exciting possibilities that await owners once their contract ends. She also takes a moment to shed light on the distinctions between charter ownership and private ownership, providing valuable insights for those considering charter yacht ownership.

What did people think?

Chrstine's Ask a Moorings Yacht Ownership Expert presentation drew rave reviews from the live stream’s audience, who appreciated the honest insight into the program. "Good information about the program. And the responses to questions seemed honest and upfront about the pros and cons ," said one viewer. And another reviewer shares, "This was a g reat presentation! I found it to be very informative."

We invite you to press play on the video above and enjoy the recorded live stream!

yacht charter ownership reviews

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Private or Charter Yacht Ownership – Which is right for you?

The carefree cruising lifestyle. Wind in your hair, friends on deck, and endless horizons ahead. Sailing, the sea, and yacht ownership have an appeal that’s undeniable, and if you’ve made it to this page, you’ve probably considered purchasing a yacht at some point. So, let’s look at the basics of two ownership options – private yacht purchase vs. placing a yacht into a charter management program. No single option is better than another. Each have their own advantages and disadvantages based on costs, boating experience, and what factors are most important to you. Let’s take a closer look at some of primary factors to consider that might just help move you a step closer to your yacht ownership dream.

yacht charter ownership reviews

Travel dreams

Most of us can agree that we want to be out on the water sailing more often, but everyone has different ideas about where !  If you’re looking to cruise close to your home port, then perhaps a new or used private yacht purchase is the best for you, where you can keep your yacht close at hand for weekend sailing.

But if you’re like many of the Dream Yacht Charter owners that want to sail the world and discover new and exotic ports of call, then a charter program can be the perfect solution. With charter ownership, you can choose a program that allows access to sister ships around the world in your choice of 45+ idyllic destinations. You’ll simply fly to your chosen destination, step aboard and see the world – without the daunting yacht preparations, or long passages to get to your preferred cruising grounds eating into your precious vacation time. Whether you’re dreaming of cruising Croatia or Greece in the Mediterranean; the tropical Caribbean islands of Grenada, St. Martin, or Antigua; or exotic wonderlands such as Tahiti or the Seychelles, it’s all very possible when you place your new yacht in a charter management program!

Other cruising dreams often include setting off for longer term liveaboard cruising aboard your yacht – to explore the world at your own pace with no set schedule. If this is a long-range goal for you, an ownership program is a great way to set yourself up and help you prepare. A 5-year program is a nice buffer between when you purchase, and when you set sail on your liveaboard adventure – so you can plan for your future cruising lifestyle while you’re still receiving monthly charter payments and making progress in paying down any loans.

After the program is completed, you’re free to set sail for faraway places with the income, knowledge, and experience you’ve picked up during the program.

Sailing experience

How much experience is enough? Maybe you’re a sailor that hasn’t yet embarked on a sailing adventure beyond a nearby cruising grounds. Or maybe you have completed some training but haven’t used your skilled enough to feel entirely confident on the water. If you’re not yet comfortable with your sailing experience and wish to purchase a new yacht, there are a number of advantages to buying through a charter management program. Firstly, it’s a great way to own without the hassle and maintenance responsibility of private ownership. And with every charter week of sailing you’ll gain experience and confidence. Our base staff will welcome you, help you get familiarized with your yacht equipment, and provide a detailed chart briefing on your destination. And if anything should go wrong with equipment during your charter, Dream Yacht’s staff is available to assist.

All the while during your 5.5 years of ownership and sailing the world, you’ll gain confidence and skills beyond what can be learned from your local sailing school. At the end of your program when your yacht is phased out, you’ll be well-prepared to tackle more challenging cruising grounds, and exciting longer passages.

yacht charter ownership reviews

Yacht usage

How often will you want to use your yacht? Are you the kind of sailor that lives to spend every waking moment aboard your yacht regardless of its location? Or do you envision a few weeks of cruising perfection in paradise each year?

If your answer is every weekend, or more than 12 cruising weeks per year (or if you simply want to be the only one using your yacht), then a new or used private purchase would be a great choice for you.

Most of our charter programs allow for up to 12-weeks of owner use per year, and many owners find this more than enough time to enjoy sailing and exploring their favorite cruising grounds. To maximize your owner weeks, a flexible schedule helps to be able to take advantage of the 6 weeks of time that must be booked within 10 days of departure. Similarly, high season usage is limited, so flexibility on the time of year you sail helps you maximize you boat usage as well.

Maintenance & cleaning

Boats and maintenance go together, you can’t have one without the other – at least while still enjoying a good boating experience! Do you enjoy “tinkering” aboard a boat, looking after all the details to keep it in top condition, and doing minor repairs where needed? Keeping a regular maintenance schedule is a seemingly endless list of engine checks, fluid levels, battery checks, bottom cleaning and more. Private ownership involves the full responsibility for maintenance and repairs. Whether you hire it done or manage it yourself, it should not be underestimated.

One of the most beneficial aspects to charter ownership is having an expert team to look after a proper maintenance schedule, regular cleaning, and even repairs as needed. With every visit your yacht will be cleaned inside and out, with water and fuel tanks full and ready to leave the dock. Upon your return to the dock, the maintenance team will address any concerns you may have discovered while out on the water.

yacht charter ownership reviews

Cost considerations

We’ve saved this more obvious point for last, but cost considerations are likely one of the most important factors in your yacht ownership decision. What may not be quite as obvious is how quickly the costs can add up. Most people understand that purchasing a yacht for leisure comes with ongoing expenses far beyond the purchase price, but there are some costs that tend to be overlooked.

Our professional yacht consultants can help you better understand what costs to expect including: yacht insurance, dockage fees, maintenance, and cleaning. In short, traditional private yacht ownership is expensive, and while it does have a substantial upside, for many it’s not a realistic option

With a charter ownership program, you can purchase a new yacht and have the expenses of insurance, dockage, security, maintenance, and cleaning all covered for you. And what’s more – the regular monthly income from charter revenue helps offset your mortgage payments. For most people, it’s a much more affordable and worry-free way to own.

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Whichever ownership option you decide is best for you, Dream Yacht Charter has you covered with flexible charter management programs and the widest choice of yachts for private or charter ownership.

Our expert yacht consultants can explain your options in depth and help you through the purchase process, from choosing a yacht that is right for you, to finding the best financing. Get in touch today !

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A Comparison of Yacht Charter Management Programs

What are the advantages of yacht charter management programs compared to the typical ownership program?

Unpicking the process of yacht ownership starts with a needle and thread. Seeking the most rewarding option is finding tailored solutions that fit your lifestyle like a dream. We know that you are keen to embrace life on the open water. Such as, signing off those golden sunsets, waking early to the cry of the gulls. Or getting back to nature and cruising from port to port to uncover different cultures.

However, this part of the process can be complicated and frustrating and overwhelming. But this is not the time to compromise and rush; this is the time to take it slow, seek as much advice as possible. And also ask yourself a series of straight-up questions.

But knowing what you want is often a process of elimination and knowing what you don’t want.

In order to help you paint a clear picture of the tailored yacht ownership solution that YOU need, take a look at these questions to be considered…

Would you like to place your yacht in one destination or exploring different seasons around the world?

Choosing a charter ownership program or contracting a charter business to run charter management for your yacht, allows you not only to sail the waters where your boat is based. But also use what is called a syndicate or transferrable owners weeks so that you can sail other yachts in the fleet and explore different destinations.

For the charter ownership programs , some of these rights are limited and often constricted to points systems and categories of yacht models and seasons. It’s also worth knowing that the charter business will have fixed fees for changing and using other yachts in their fleet.

For the boat owner with a charter management program with an independent charter operator, the rights and flexibility are the owner’s prerogative. For instance, the owner could use his charter income to charter other yachts at other destinations, booking this himself or using a trusted partner to manage the bookings and planning the trip.

Is it then a significant factor where you place your yacht?

Well, to put it simply: Because the charter ownership programs will almost always be restrictive. Not only in terms of where the boat is placed for the charter program offered to you. But also the number of years you are locked into the program.

With a tailored yacht charter management program, you are free to choose the starting point and also change location and charter operator when you desire. With a trusted partner that can manage this for you, you will be able to explore your preferred sailing grounds with your yacht and also take advantage of more favourable charter markets to optimize your charter investment ownership.

Note, that it’s up to the charter operator to convince you to stay and thus the pressure will be on them to perform to the standards and numbers that you have projected and expected in your agreement with the operator.

What type of contracts can you expect when entering the different programs?

1. charter ownership programs.

Charter Ownership Programmes sound simple, but the financial arrangements behind them are usually very complex. Therefore, contracts and agreements should make the financial arrangements explicit. In most cases though, the buyer only takes ownership at the end of the program so the rights and responsibilities of the buyer during the contract should be clear.

2. Charter Management Programs

Due to the tailored nature of many Charter Management Programs, there is an extremely wide variation in terms. So the biggest areas to consider are Charter Operations & Maintenances Support. Who is responsible for what activities eg cleaning before and after a charter, handovers, fixing minor faults, replacing lost items and consumables as well as arranging and paying for regular maintenance.

To summarize, the biggest difference between traditional yacht charter ownership program and tailored yacht charter management program are:

yacht charter ownership reviews

1.) Income in mon ey and points

2.) Restricted choice in yacht types

3.) Investment in a charter program

yacht charter ownership reviews

1.) Income, 100% real money

2.) Free choice in yacht type

3.) You invest in your yacht, not a program

What can you expect when entering a Yacht Charter Management Program with Yacht-Match?

100% what you want & need.

The bigger companies that offer these standardized programs (i.e: Navigare yachting , Dream Yacht Charter , Moorings and Sunsail ) usually have programs and forms of investment where they have predetermined the terms and what is actually best for them (ie the charter company) Leaving you with little or no chance to change anything.

With Yacht-Match you’ll be provided with customized solutions for owning a yacht in charter. Our yacht charter management programs are also deliberately set up with the intention to define all the details and the yacht’s specifications according to your preferences, right from the beginning. It will be ideally configured and matched with our network of niche and premium charter operators around the world.

Receive a comprehensive portfolio of matching offers & solutions

Create unmatched offers & outperform traditional charter ownership & management programs. Having a dedicated expert to optimize and secure unique yacht offers and management extends our assignment and commitment. Therefore, it requires ongoing investigative consultancy. The result: you gain access to the full range of possibilities.

Unbiased advice and consultancy- Access to comparison tools and financing options

Your Boat – Your Preferences: not a program nor scheme. You’ll get a wider perspective. Become equipped with our unique comparison tools and financing options as well as get access to the best deals on the market. We will also compare existing offers from the top charter operators offering a charter management program. And there after, either customize them or create new proposals to match your wishes. While you get to enjoy all the benefits of a tailored charter management.

Receive financing options

Optimal Investment: Become informed & empowered with the freedom of knowledge and choice. You will also get a wider perspective. You will be provided with our unique comparison tools and financing options, as well as getting access to the best deals on the market. We will compare existing offers from the top charter operators offering charter management and either customize them or create new proposals to match your wishes. While you get to enjoy all the benefits of a tailored charter management.

Exclusive access to the top charter operators and marinas worldwide

Yacht-Match is building a network of premier charter operators that are based in the most sought-after sailing areas in the world. Currently, we have over 62 marinas and over 700 yachts in management. We call our partners Boutique Charter Operators. Each of them offers highly personal service and outstanding yacht maintenance.

Here’s an example of a Yacht-Match pre-tailored Charter Management Program!

The Yacht-Match Explorer program is a unique yacht charter ownership designed specifically for those planing to make their over-seas experience.  

The specification of the yacht and set up of the charter ownership is tailored towards your needs so you can enjoy the benefits of charter management, and at the same time, allow yourself the best possible preparation for blue ocean sailing and voyage. 

What makes the Explorer program unique?

The Explorer program is deliberately set-up with the intention to customise the yacht specification and ownership program from the beginning of the enquiry and proposal stage- ideally configured and matched with our network of niche and premium charter operators around the world.

So through Yacht-Match professional guidance, you will be informed and given recommended specifications for a yacht to be operated in charter and with a blue ocean package and extra equipment preparation.

The Yacht-Match network, with more than 62 bases around the world, allows you to chose from several starting points, and also access to charter operators that will be able to extend your charter management if you like to reenter the charter fleet after your big over-seas experience.

Explorer Program Details

The Explorer program is a bespoke charter management program. It’s configured to meet the requirements of a well prepared and correctly specified yacht to be operated in charter and managed by yourself in your blue ocean voyage. We also serve as your broker and dealer in selling the yacht and your professional unbiased consultant that will guide you through a proposed plan and offer you a range of options with a portfolio illustrating the suggested yachts, financing, and Explorer package with the correct matched charter management.

Finally, The Final Proposal and end offer will contain a correctly equipped and specified yacht; details of delivery & registration; details of the charter management and matching operators; financing options and a contingency plan for re-entering a charter fleet during the next maximum 10 years.

Intelligent Boat Ownership: Enhanced by Yacht-Match

  • 100% what you want & need: True best fit!
  • Create unmatched offers & outperform traditional charter ownership & management programs.
  • Your Boat – Your Preferences: not a program nor scheme
  • Optimal Investment: Become informed & empowered with the freedom of choice
  • More Options: +144 models & +60 destinations
  • Tailor Made: Customisable to your preferences
  • Specialist: +30 years expert knowledge
  • Boutique Charter Operators : Handpicked & top rated

So to give you an example, here are four yachts that can be found in our conventional programs and in charter management programs!

Follow the links for information!

This yacht is an example of the Yachts available for a tailored charter management program with Yacht-Match.

– An impressive yacht to say the least and not one found in conventional charter programs.

Jeanneau 440

This yacht is an example of the Yachts commonly found in conventional charter management program.

– The Jeanneau SO 440 replaces the very popular 439 and is an improved model very popular in charter and ideal charter boat if you are after a safe bet.

This yacht is an example of the Yachts commonly found in conventional charter management programs.

– The Bali 4.1, 4.3 and the newer Bali Catspace, are ideal charter ownership investments as they are purposefully build for the market and very appreciacted with charter guests and with our operations as they are to handle and maintain.

Nautitech 40

This yacht is an example of the Yachts available for a tailored charter management program  with Yacht-Match.

– The Nautitech is ideal yacht for the owner that wants put that “sailing feeling” back into catamaran ownership.

The new and updated Nautitech 40 open version 2, is not sold through the conventional charter companies offering programs. The yacht is reserved for smaller and independent management where focus is on a high level of maintenance appreciated by the shipyard, the charter guests and ultimately the yacht owner (investor).

Yacht Match logo - Helps you to find the best charter ownership program

How can we offer advice and at what value?

We are a consultancy company giving you a better overview of the options and how to become better informed. With this information, we can tailor charter management for you and use our service to receive an improved version of the traditional charter ownership programmes one comes in contact with on the market.

You assign us to represent your interest; you are our principal. We don’t work for a specific partner nor a shipyard. Our independence ensures you receive a professional advisory and unbiased consultancy service at all times.

As well as representing the interest of our prospecting clients we also collaborate with our business colleagues and partners worldwide who will play an active part in contributing to the advice and publications, resulting in a balanced view of the unfolding events.

Sounds interesting? Fill out the form and we’ll set up a meeting for you!

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  • December 1, 2020

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Before Buying a Charter Yacht:

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Preliminary "Soul Searching"

As everything else on this web site, the information you're about to read is 100% genuine. It is based upon dozens of authentic experiences coming from past and current charter boat owners. And by the way: The writer of this section is a 3-time charter boat owner himself for a total of 15 years! We will do our best efforts to convey information that is as factual and objective as possible, with all the practical pros and cons. It is very important to understand that this is not a negative approach against charter companies . On the contrary, it is the charter companies that provide to the well-informed buyer/owner the opportunity to fulfill at least some of his objectives or sailing dreams in reasonable conditions, and enjoy one of the greatest lifestyle experiences there is.

So...You have been chartering for several years, and loving every minute of it. But now you've caught the bug: You've been dreaming about owning your own charter yacht. You had many conversations with your wife/husband and the kids. You checked your finances a dozen times, and you said to yourself: Hey! I can do that! Finally, you've made up your mind and you've announced to the family: "That's it! We're doing it. WE'RE BUYING A BOAT".

Now comes the hard part: How, and which company are you going to do this with? So many offerings, one more tempting than the other — you are getting more confused by the minute. You see, charter companies have one thing in common: They all carry lots of promises. But as you can imagine, they don't all equally deliver.

Relax! We're here to help you sort out this information overload. We will tell you everything you need to know about the reality of charter yacht ownership, including what charter companies will not necessarily volunteer to tell you.  Let's start!

The Good News

Let me first say that ever since I purchased my first boat in 1995 (a Jeanneau 52 with one of the big charter companies), and all the way to 2010, I have, of course, experienced some frustrations, some bad years with lower than expected charter income and some headaches of different varieties. However, to this day, I do not regret for one minute buying my 3 boats (I am now ready for my fourth one!) It has given me a great opportunity to:

- Go cruising extensively in the most exotic sailing grounds in the world, without having to worry about the maintenance of the vessel: showing up is basically all I had to do! - Enjoy a great activity with my son, and make him love it; bring him closer to me while teaching him a lot about seamanship, marine science and the environment. - Make a lot of great new friends - Own a boat largely paid for by charter income after years of enjoyment.

Not bad, right? In other words, would I give up the sunsets at anchor in the Virgin Islands with a nice cool drink? Or the phenomenal sailing in the Caribbean Trade Winds?  NO WAY. I can't think of anything I could have spent my money on that would have given me so much enjoyment and fulfillment over the years. It is a great experience, which I will renew as long as I'll be able to. It's just that before signing on the dotted line and engage in this large financial commitment, there are some caution signs one should know about, in order to deal more smoothly with this whole process.

Is Buying a Boat An Investment?

First and foremost, (although less and less charter companies try to present that argument), if you have been led to believe that this is a profitable investment in any way, we've got some news for you: Buying and owning a boat is anything but that, not by any stretch of imagination. However, if done the proper way, buying a charter boat may be a way to:

- Significantly minimize your financial exposure. - Enjoy sailing in fabulous and remote sailing grounds that you probably would not get to see otherwise, and at a greatly reduced cost. - Benefit from all of the above with much less headache than with traditional ownership. (Note: We wrote less headache, not no headache) - Incidentally, satisfy your ego: Telling your acquaintances that you own a yacht in the Caribbean, the Med or in the Pacific is a guaranteed attention-getter!

The Homework

As for any large expenditure, you must do some significant homework beforehand. And remember: Do not get emotional about this. Deal with facts and numbers only.

1. Preliminary Tests You must ask yourself 3 important questions. Depending upon you answer, ownership may or may not be for you.

Question 1 :  Do I intend to keep the boat at the end of the charter management contract, usually 4 to 6 years? Or:.. Will I likely roll over to a new boat with the same charter company?

-  You answered YES: GOOD . Charter boat ownership is in effect a great way to enjoy sailing for a few years without major expenses, AND own the boat at the end of the contract while having the charter income pay for some or all of the mortgage. (More about income and finances later). - You answered NO: NOT GREAT . If you do not intend to keep your boat at the end of the management contract, or trade-in and roll over to a new boat with the same company, then you'll probably want to resell her. If so, here is the skinny on what some charter companies might tell you:

- After 5 years, boats keep a resale value of up to 70%, and... - Our brokerage company will help you sell the boat.

The reality - What charter companies/brokers will not tell you: - Selling a used boat can sometimes be a long, and frustrating experience. Some models re-sell more easily than others. - You seldom, if ever, get the price you thought you would—most definitely not 70% after 5 years or more. - You will get several low-ball offers that will insult your intelligence. - Your wait may be even longer when the brokerage house you chose has 8 or 10 charter boats similar to yours for sale. - If the boat has not been sold before the end of the contract, you will have to keep paying the mortgage and the boat expenses without earning any income on the boat any more. A very tough position to be in!

Solutions to explore : - Do not buy a boat and keep chartering as in the past. - At the end of the contract, move your boat to a second-tier fleet. There are some very good ones, and that is a very good, cost-effective strategy while waiting for the boat to be sold. - Find a charter company that facilitates a trade-up to a new boat. Guaranteed buy-backs are not offered by anyone on the industry. Some companies try to address all the inconveniences above and are offering options like selling the boat without charging a commission, if you buy a new boat from them (Dream Yacht offers that option).

Question 2 :  Do I intend to use the boat extensively during the contract (like, 3 weeks+ a year)?

- You answered YES: GOOD again. Significant use of the boat will make ownership less expensive than simple chartering, not to mention the extensive enjoyment. - You answered NO: NOT GREAT . If you do not intend to use your boat a lot, but have answered YES to the first question, you may proceed further with careful consideration, and make sure you consider all negative factors closely.

Now,  If you answered NO to BOTH questions 1 & 2, then I seriously suggest you reconsider. You're much better off continuing to charter as in the past since charter boat ownership does not present any advantage in your situation, except satisfaction of your ego (see above). It has been recognized over and over by charter boat owners that ownership does not make sense (financially or otherwise) if one does not use the boat much or keep her after the contract.

Question 3 : Do I need to borrow over the reasonable ratios in regard to all my assets in order to afford the boat?

If it is the case: DO NOT DO IT. STOP READING RIGHT NOW AND FORGET IT! Alternatively, consider a smaller boat, until the numbers fit. Many owners find themselves "upside down" at the end of the contract, when they owe more money to the bank than the boat is really worth! Similarly, do not count on the boat income for anything else than paying down the mortgage every month. That would be a fatal mistake! In other words: You must apply all the charter income towards your mortgage or note, including any cash flow surplus you may get.

Last absolute death-trap to avoid at ANY COST: Using a mortgage that is for more than 12 years. Some salespersons (aka financial criminals) in the industry try to sell boats with TWENTY-YEAR mortgages, to make their proforma's cah flow look better. That is a GUARANTEE that you will be severely upside down on your mortgage. The dream boat adventure will then turn into one of your worst nightmares.

If you successfully passed your tests, you're in good shape! Now it's time to make choices.

2. Your Choices

We will assume here that you will acquire a bareboat (see bareboat vs. crewed discussion.) You have 3 main decisions to make: Which management company, which type of boat, and which location. But before we get into this, I strongly suggest you try to talk to current boat owners with the companies you have in mind, but preferably not the ones the company has pre-selected. To do that, you can hang out at major Boat Shows (Newport, RI, Annapolis, MD, Oakland, CA, etc.) and ask one of the people attending the management company booth to introduce you to a couple of current owners. (There are always some owners hanging out there.) They should be more than happy to do this and you will have the effect of surprise. And/or go on the Internet: Boating newsgroups (Sailonline forum   http://groups.yahoo.com/group/charterboatowners/   www.traveltalkonline.com) will help you find owners. Do it. You will learn a lot.

  The Charter Companies :  You will find lots of companies on the market, large to small. Here are the pros and cons for each.

Large Companies:  There are 3 large companies:

Dream Yacht Charter - About 950 boats 35 bases worldwide

Moorings - About 250 boats, 20 bases worldwide;

Sunsail - About 500 boats, 40 bases worldwide.

Note: Although they are distinct companies, Moorings and Sunsail now belong to the same  company (KKR), a large New York private equity firm. Moorings and Sunsail sell boats that are sort-off cookie-cutters (no customization allowed) and offers one management program. Dream Yachts lets owners buy their boat from several major brands and lets buyers customize their boat to their taste in many cases. It is currently the only charter company to offer this with a guaranteed income. They also offer 5 or 6 different management programs.

Pros : - Been around for a long time. - Relatively financially solid, but ask for recent financial statements anyway (not an easy one, but some companies volunteer it). -Large selection of boats. - Worldwide bases where you can sail boats similar to yours, using what veteran owners call "Reciprocals". Some companies (like Sunsail) even offer exchanges with land-based resorts. - The company will guarantee your income and will take care and pay for all the maintenance, docking, insurance, etc. You pay nothing. You can make a very accurate financial projection of where you'll be at the end of the contract. - Standardized maintenance and hurricane procedures. - Standardized, proven phase-out procedures. - If they go under, which is highly unlikely, you will sweat a little, but they will probably be bought out and you will not be left hanging.

Cons : - No flexibility if you want a boat model they do not offer, or if you want additional custom features or equipment on the yacht - except from Dream Yacht Charter. - Limited owner's use of the boat (9 to 12 weeks a year); - Customer service somewhat less personal, although Dream Yachts makes lots of efforts on this aspect, with smaller bases and easy access to management.

Medium and Small Companies The ones we like are Tortola Marine Management (TMM), Horizon Yacht Charters* and BVI Yacht Charters in the British Virgin Islands. CYOA in the US Virgin Islands. Typically, those companies have fleets of about 20 to 60 boats, a very close relationship with owners, and excellent customer service. * Recently, thanks to its collaboration with the German boat bulder Bavaria, Horizon has grown much larger and has opened several bases throughout the Caribbean and USA.

Pros - Customer service more personal and easier to get in touch with; - Concerns like Tortola Marine Management and Horizon voluntarily limit the bases fleets to a manageable size so they can take quality and personal care of their customers and boat owners; - Some have been in business for a long time. However, this is an active industry: Some companies might have a new management. Verify this. - More flexibility in choice of boats and equipment if you want a particular model; - Unlimited owner's use of the boat (except Horizon).

Cons - Financial status of the company has to be checked: If a small charter company goes belly-up, it will most probably disappear and leave you in a panic. However, the ones we show above have been in business for quite a long time. - No guaranteed income. Your financial projections always remain hypothetical. You will be hit hard on the income if another bad hurricane season hits the islands again. - Few locations- sometimes only one location offered; thus no other bases available for "reciprocal time"; - Maintenance and phase-out and hurricane procedures to be thoroughly checked.

Implications of Your Charter Company Choice The big guys (Dream Yacht, Moorings and Sunsail) typically offer: - Guaranteed income even if your boat never goes out on charter. Income typically equals 8 to 10% per year of the value of the boat new. - All maintenance and expenses paid by the company. You pay literally nothing. - Use of reciprocal charters in many other locations worldwide - Generous but limited owner's use: 9 to 12 weeks a year, with a limit on weeks in hi-season.

The smaller outfits typically offer: - Not-guaranteed , variable income equal to roughly 60 to 75% of the charter income; - Company performs the maintenance, but you (the owner) pay all expenses: you will be billed for maintenance, docking, insurance, etc. Those companies charge a mark-up on parts over cost. - Unlimited owners' use. - Few other locations geared to exchange programs.

Do you see where we are going here? I do not want to generalize because there are exceptions for everything. But in a nutshell, the big companies are better suited for owners who are happy with limited owner's use and who, basically, want a completely headache free, not-too-emotional kind of ownership.  The smaller companies are much better suited for owners who want to own a particular type of boat, (TMM for example, will take almost any boat you'd like in their fleet) with customized features, like to sail a lot, maybe go out on their boat 2 months at a time, and like to be very involved with their boat.

So as you can see, your choice here can drive you in 2 completely different universes. You will have to very carefully assess which one is best for your needs.

The Boat Type :  Obviously, your choice of boat will stem from your budget. And although you might find some price differences between companies for similar boats -mainly because of equipment differences- eventually, you will get the same bottom line, as in "You get what you pay for". The main question is: Monohull (more affordable) or Catamaran. But that is another discussion: just know that the massive, long term trend is driven by catamarans, especially in the Caribbean.  Once your budget is defined, several criteria should guide your choice.

-  Will you sail mostly with your wife/husband/significant other only? or.... - Will you often take the kids or friends along? If so, you will need more staterooms/heads. Would you consider the roominess and stability of a catamaran — great for young kids? Or are you a hard-core monohull sailor?  - Assuming you will keep the boat after the end of the contract, will she suit your goals back home? Same question if you intend to go cruising for an extended period of time at the end of the contract.

Very important : All things being equal, all boats do not bring in the same charter income. Some boat sizes/configurations are more popular than others among charterers. Therefore, if you choose a contract with a percentage-based income (see contract section), you'll want to know exactly what kind of income boats similar to yours have generated over the last, say, 2/3 years. For that, during the course of your contract negotiation, you have to ask the management company to show you the listings of real bookings achieved by boats similar to yours, at the base you will choose (see below.) Most companies will show you "proformas" of future potential bookings. Not good enough. Proformas can be deceiving, vague and optimistic. Insist for the real stuff. If the company has nothing to hide, they should have no problem disclosing this information to you.

The Boat Location

This is a matter of personal preference, but here are some criteria.  If you plan to base your boat in the Caribbean, bear in mind that the South Caribbean, also called the Windward, (Grenada, St. Lucia, Martinique) present more sailing challenges, with a lot of open ocean sailing, longer legs, and generally stronger winds than in the Northern Caribbean, also called the Leeward, (US and British Virgin Islands, St. Martin). So your sailing self-confidence and your anchoring technique will have to be up to par in the Windward.

Conversely, the northern part (US and British Virgin) offers an almost unlimited diversity of sailing grounds and anchorages in a relatively small area. Personally, this area has been my long-time favorite.

In the Bahamas and the Florida Keys, waters are much shallower, so catamarans are more adapted to the grounds and will let you go places that monohulls cannot access. In case you choose a variable income program, the Bahamas are (as of this writing) a very popular charter area bringing good income to a boat, especially a catamaran.

Very important : For similar boats, all bases do not bring in the same charter income. Some are more popular than others among charterers. Therefore, if you choose a contract with a percentage-based income (see contract section), you will want to know, again, what kind of bookings boats similar to yours have gotten over the last 2 years (see above, section 2.2.) Thus, if for geographical preference, you elect to base your vessel in a somewhat remote area, we strongly suggest that you go for a contract with guaranteed income. Some remote locations, with the advantage of being very exotic, might also have the problem of lacking competent mechanics and surveyors. Even parts could be hard to come by.

Finally, check how practical and pricey is the airline access from your hometown to the base you'd like.

Well, you have done your homework, made your choices, and you feel comfortable. You are armed to the teeth and ready to go to the next step: Contact several charter companies and start getting a feel for the real thing. But as we hope you understand by now, this is not a simple process, and we urge you to carefully tale all the steps above!

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Prepare to Charter a Yacht to Get Experience for Ownership

you must have experience on a similar yacht to do a bareboat charter

  • Yacht sizes placed in charter
  • Experience required for bareboat charter
  • ASA sailing courses
  • Preparing to charter a yacht

  GARY FRETZ: Welcome back to our show. I am Gary Fretz and we are talking to Stephen Cockcroft and Michel Benarrosh, two experts on cruising and using charter yachts to defray the cost of acquiring the said yacht. Guys, what are the smaller size boats and yachts that you can put into charter and what are the largest ones that can go into charter management?

For a transcript of this podcast, click “read more” below.

Yacht sizes placed in charter.

MICHEL: Well, the smallest one are…the smallest one I have seen…is the 31ft monohulls that are really for budget for charters. And that’s the smallest size on the charter fleet. The largest ones is bareboats. They are about probably in the 50ft range, the 50 to 52ft range.

GARY: Wait, explain what a bareboat is.

MICHEL: Oh, bareboat is a boat without a crew so it means that the boat is no bearing equipment in terms of crew and when you come with your party someone in the party is a skipper.

GARY: So that doesn’t mean you have to take off your clothes?

MICHEL: Whose clothes?

GARY: Okay, and you can go what, up to 50ft for a bareboat. And if you are talking about crewed yachts, they get that infinitely larger and including 300 feet large. Okay, guys, if someone wanted to try out this cruising life style, what sort of experience do you need to have, what do you need?

Experience Required for Bareboat Charter

STEPHEN: Well, if you want to charter a boat I guess you just need a gold Visa card to get one. No, I am just joking. You need to have relatively good experience on a similar boat to what you are chartering from a charter company. And the way to get that experience is probably if you are in a place that there are some sailboats is to try and get aboard them. If they race boats, get aboard one as swabbie as the crew and get out on the water. And there, of course, is the American Sailing Association which does a lot of sail training around the United States which prepares you for bareboat chartering and go out and find someone who is experience and get them to be your captain and go on charter.

But essentially the charter companies are looking for relative experience on the particular boat that you want to charter. Everyone has to start somewhere. No one starts knowing it all so never feel bad about the fact that you are going to learn. You know everyone is out there to help you.

ASA Sailing Courses

GARY: Why don’t you just tell us about the basic American Sailing Association courses that you can take?

STEPHEN: Okay, well there are the 3 initial courses:

  • There is (ASA) 101 which is your very basic sailing
  • You then get (ASA) 103 which is intermediate
  • and then you get (ASA) 104 which is your bareboat chartering course. Essentially bareboat chartering course is a day captain’s course. It doesn’t really qualify you to sail at night. And there are not many charter companies that allow you to sail off to the sunset. Anyway most of them part of their rules are that you have to be an anchor on a mooring ball by the evening.

Catamarans Versus Monohulls

STEPHEN: Then the last course that you would probably want to do and be the (ASA) 114 which is a sailing catamaran course which is almost like a conversion course to catamarans. Catamarans are nice because they have a much shallower draft than monohulls so you can get in closer to shore and they are nice and stable. Shallower draft means you run aground in shallower water.

GARY: Now wait a second, you are the catamaran guru here, but we have we have another point of view in this room Michel likes monohulls better. Tells us about that.

MICHEL: Well, the monohull to me is the real sailing. The catamarans are very popular in the charter industry, but I think the feeling of, I don’t know, the feeling of the elements, the feeling of the wind, the feeling of controlling the boat and fighting the weather and when you go up wind. Those are sensations that typically you do not find on a catamaran.

The catamaran is obviously much more comfortable, much larger, and what have you. And I see Stephen disapproving strongly over there. But, you know, I like as I said in a previous segment, I like the feeling of the boat heeling and going into weather and that’s what I enjoy. I don’t, I like the catamaran when I have large party but I don’t have that feeling when I drive a catamaran.

GARY: Well, I would like to speak to this a little bit. There are a group of people who really get into a sort of the zen of sailing. They are like board sailors, kite boarders, who love the feel of the balance of sailing and you know they kind of get into the groove. It’s like entering this meditative state and I think on monohulls what Michel is trying to say is that you really get more of a sense of that and catamarans, they are not quite as sensitive.

Although Stephen is over there laughing at me. But when I had…I owned 2 cats and I noticed that you did feel the balance and the sensitivity when the wind blew up, you know, when it was blowing over about twenty something that thing got really sensitive, what are you laughing about.

STEPHEN: Well, with all the sailing and railing the water and all the wonderful stuff is really cool for about 45 minutes. And then after that the balance is the fact that you want your beer to be balanced and not go flying across the cockpit all the time the boat heels. I have done about 35,000 miles on a monohull and eventually you wish that one leg was shorter than the other one because you always got that wonderful feeling that your leg is in the water.

You know I think that people that climbing through the roof to get into the living room are eccentric person I like to walk through a pair of opening doors into the salon but of course I use to be a died-in-the monohuller until my wife told me I wasn’t anymore and now I absolutely agree with her.

Preparing to Charter a Yacht

GARY: Well you bring up some very good points and back to our subject of chartering to get experience in cruising. What would you guys take on a regular charter?

MICHEL: What would I pack? What I pack…it is easier to say what I don’t pack. Usually that’s the saying that we all have we are experienced charterers. We put all of our stuff that we want in a bag and then we put everything on the bed and then take half of it and put it back into the closet and it works very well.

As the years went by, I have taken less and less stuff on charter first of all because the boats are really well equipped and number two I realize that when I don’t even when I don’t take much half of it I don’t use so I go on charter for a week with not a handbag, but almost a small bag, you know like I don’t even check on the plane.

STEPHEN: Do you still take that lime green thong along that you always use to wear?

MICHEL: Oh, I would never travel without it, no question.

GARY: Those French European guys. Okay, guys let’s talk about dinghies. On a cruising boat a dinghy is used like a car. You run errands you go sightseeing drive it to where you want to go from where your home is, talk about some of the different types out there.

STEPHEN: Lot of different types of dinghy and I probably own just about everyone of them I have own a small hard branding gear I have owned small little inflatable dinghies with inflatable floors, inflatable dinghies with folding floors, hard floorboards. Without a doubt, the best dinghy is the inflatable RIB , just for all-around for stability. Put a big engine on it. You can get around fast. It is pretty dry. Eeasy to beach. And when you when you load your shopping it sits on a solid floor and doesn’t get wet so that’s the dinghy that I prefer.

MICHEL:  One quick thing I want to add a lot of people use the dinghy obviously to go snorkelling and I have seen a lot of people who don’t think about the little detail when they get back to the dinghy at the end of the snorkelling they just kind of get back in the dinghy so for whatever reason they are not strong enough whatever the reason may be so think about taking with you as far as the stuff to pack with you. Take something that you can find in any marine store that will help you like a folding ladder or step that will help people getting back in the dinghy.

GARY: Well those sound like good tips. We were talking a little while ago about losing your yacht. And one time that happened to me. I was in Nantucket anchored in the fog and we went to dinner and the anchor dragged just in the sand. And came back boat wasn’t there. And we finally did find it just motoring downwind about a half a mile there was really no problem but it was a little disconcerting and what would you how do not lose your boat.

STEPHEN: Well there is some standard equipment you need to take when you go ashore even if it is midday because you might get hooked up testing a local beer out. I always switch on my anchor light on before I go ashore even if it is in the middle of the day I always take a little flashlight with me and I make sure that I know where my boat is.

GARY: Thanks, guys, we have to wrap-up. We will be back next week live on Thursdays 3PM eastern time US. And you have been listening to “Yachts: The Perfect Escape Vehicle” on the Overseas Radio Network. This has been Gary Fretz.

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Is Charter Ownership for Me?

  • By Contributing Partner
  • October 7, 2022

Bali Catamaran

Ask any seasoned sailor, and they’ll likely tell you their favorite memories are tied to their boat. But boats are also a lot of work, and no one ever has called a private yacht cost-effective. For this reason, many owners choose to put their boat to work by placing it in a charter management program. 

“There’s a huge economical advantage. But there’s a cost as well; a lot of people will be on the boat,” says Bruno Lemieux, who works in yacht sales, operation and development for Dream Yacht Sales.

Boats can be in Dream Yacht’s charter programs for up to 5 1/2 years, and the No. 1 question prospective owners have is: 

What will my boat look like in five years? 

A charter boat works hard, up to 33 weeks a year, in order to pay for all its expenses plus generate revenue for its owner. 

“Yes, it will get some wear and tear for sure” says Yanik Aubé, Dream Yacht’s America and North Caribbean sales director. “But any boat just sitting at the dock gets damaged—by neglect, salt air, or even by just rubbing on the dock… In this case, damages will be fixed by the base, and you don’t have to worry about it. You have a team that’s going to do it. And instead of paying $90,000 to $100,000 a year for insurance, dockage and maintenance, those are paid for you. Plus, you receive 8 percent of your boat purchase price per year in revenue in some of our programs.”

Tahiti

When the yacht nears the end of its service, Dream Yacht does a phaseout to return it to the owner in good condition.

“About 30 days before the end of the contract, we start building a list of things that need to be repaired. The contract is clear that everything needs to be working. All the equipment on board that was there at the beginning will be there and working, and all the original inventory will be matched. The gelcoat will be done; the bottom paint, if not done within the last 12 months, will be done; sails will be refurbished,” says Lemieux, who was in the owner-care department before sales.

He explains that the contract covers all this and is quite straightforward. What is not covered is normal wear and tear for cosmetic items such as cushions. If any cushions are missing or torn, they will all be replaced per the matching inventory stipulation, but if they are simply worn, they will not be. 

“I’ve been through about 25 phaseouts in the last year, and I have to say, Dream Yacht is doing a very fair phaseout. When the boat stops, they really spend the money and time to make sure the owners are leaving with a well-maintained boat,” Lemieux says. 

yacht

So, is it worth it?

The yearly return of 8 percent of the purchase price that Aubé quoted is Dream Yacht Sales’ guaranteed income program, called Dream Guarantee. It more than covers the depreciation of the boat. After 5 1/2 years in charter, about 45 percent of the purchase price has been paid back to the owner. Dream Yacht also offers a shared-revenue plan called Dream Performance, where charter income is split, 35 percent to the company and 65 percent to the owner. But the owner also pays for all expenses, the big three being dockage, insurance and maintenance. In real numbers, historical data has shown that after commissions and expenses are paid, if a boat is chartered at least 22 weeks a year in the Performance program, the owner receives an average of 30 percent of all gross charter revenue. “So, if your boat generates $180,000 in revenue, you can expect to get around $54,000 in your pocket at the end,” says Aubé. With some of the management programs offered by Dream Yacht Charter (Performance or Performance Plus) you can factor in the potential tax advantages of buying a yacht as an investment, which can be up to 35 percent of the purchase price, depending on the purchaser’s tax bracket, making the figures even more compelling. “In many situations, up to 90 percent of your boat gets paid (after charter service), and it’s still worth a lot more than that,” says Aubé.

cruising with family

How will my boat be maintained?

In the Dream Guarantee program, the company is responsible for and pays for everything. “If an engine blows, we will not call the owner; we’ll just replace the engine,” says Lemieux. After all, it’s in Dream Yacht’s best interest to keep the boat in good working order. In addition, a yearly maintenance period, including haulout, is built into the schedule. 

The company also handles all repairs and maintenance items for Performance program yachts, but it will consult with the owners first because, of course, the owners are paying the bills. 

In the works is a new platform that tracks maintenance, hours and parts for owners in both programs. “Owners will have access to this app in real time and know exactly what’s being done every day. It’s currently being tested in the Med in France and will be launched in America at the end of the year,” says Aubé.

Can I choose where it is based?

Yes—for owners of Performance yachts. “They can decide, ‘I want my boat in Annapolis during the summer, and I want it in BVI in winter.’ No problem. You’re covering the cost, you get the revenue, so you make the decision,” says Aubé. 

In the Guarantee program, the boat is promised a region rather than a specific base. “If you say, ‘I would like my boat in the BVI,’ we will put it there and try to keep it located there, but it might have to be moved to another base if demand fluctuates,” Aubé says. In this scenario, the yacht would stay in the northern Caribbean region of the USVI, BVI and Bahamas. “We are the one who decides if it needs to be moved, but we will always work towards having the boat where the owner wants it to be at first.”

Exumas, Bahamas

When can I use my boat?

In the Dream Guarantee program, an owner can sail up to 12 weeks a year, paying only a nominal cleaning/turnaround fee. Moreover, they can use these weeks on their own boat or on any similar model in Dream Yacht Charter’s 45-plus locations around the world. 

It’s phrased “up to” 12 weeks because it’s seasonally dependent. Owners can book in advance either two weeks in high season and two weeks in low season, or six weeks in low season, plus they can book six weeks in high or low season last minute, meaning 10 days out.

In the Dream Performance program, owners can do what they’d like on their own boat. “There’s basically no limit of usage. So, if the owner wants Christmas, that’s fine,” says Lemieux.

A charter management program isn’t for everyone. An owner who doesn’t want to share their boat, expects it to be exactly as they left it each time they return, or enjoys tinkering on it every weekend is not a good fit for charter. But for those who are easing into boat ownership—perhaps slowing down on work commitments before the quintessential “sailing off into the sunset”—charter service can be a smart path. Not only does it make sense economically, but it also gives owners time to get to know their boat and gain sailing experience with the safety net of having a professional team looking after their boat.

Learn more at dreamyachtsales.com .

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yacht charter ownership reviews

Horizon Yacht Charters Reviews - Charters

At Horizon, we aim to provide the best possible service available when you charter in the Caribbean. The latest Horizon Yacht Charters reviews reflect this in spades.

Many larger companies cannot match the level of customer service and personal attention that you will receive from us at Horizon Yacht Charters. Meticulously maintained yachts, one-on-one boat and chart briefings by our friendly and knowledgeable staff ensure a great sailing vacation and good value for money too.

If you would like to share your experience please email us . Alternatively, our full list of contact details can be found online here .

Here’s a selection of what our valued guests have said about us in their latest Horizon Yacht charters testimonials:

Lewis Collins , 26 July - 1 August '24 — Fountaine Pajot Elba 45 (2021) 'GELOS' You need to keep Dom at all costs. He was AMAZING! His professionalism, knowledge and people skills were superior. When we come back he will be our Captain! Thank you again for the great charter. Everyone had a fantastic time and will highly recommend HYC to everyone we know.  Thank you!!!!
Beth Collicutt , 14-20 July '24 — Lagoon 46 (2023) 'Rope the Wind ' Noah was wonderful! Thanks!!
Steven Young , 12-25 July '24 — Beneteau Oceanis 51.1 (2024) 'Sunday Girl' Many thanks for our recent charter of Sunday Girl which we greatly enjoyed!
Nicole Smith , 13-20 July '24 — Lagoon 46 catamaran (2020) 'As You Wish' We had a wonderful vacation this past week on our catamaran! Thank you!
Eric Grant , 14-21 July '24 — Fountaine Pajot Elba 45 (2021) 'GELOS' Excellent experience with Sandra, Courtney and Christalen reservations, pick-up and skipper Dani.
William Rubino , 20-30 June '24 — Sun Odyssey 410 (2020) 'Tola Sunrise' Thank you! Anil was great!
John Miniati , 22-29 June '24 — Lagoon 42 catamaran (2022) 'Casbah III' We had a wonderful time during our trip and appreciate the care you and the entire Horizon Team gave us. It was my wife Monika’s first week-long bareboat, and she loved it.
Shawn Woods , 15-22 June '24 — Bavaria 37 (2017) 'Jitterbug' The boat was in fine shape. Your people are great – friendly, knowledgeable, and competent.
Josh Taylor , 8-15 June '24 — Fountaine Pajot Astréa 42 (2019) 'Brown Eyed Girl' Loved every minute!
Edward Malone , 25 April - 5 May '24 — Fountaine Pajot Elba 45 (2021) 'GELOS' It was sure good to see you and the rest of the Horizon crew last month. You all are still the best in the Caribbean. Take care and we sure miss you all. Ed & Bella

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COMMENTS

  1. Is Charter Yacht Ownership Right for You?

    For those with large blocks of time (like teachers), ownership in some programs allows for long charters. If you have two months and want to explore a swath of the Caribbean, you can do it on your "own" boat. This works especially well if you charter during the low season when the boat isn't earning much money anyway. 6.

  2. What It's Really Like to Own a Boat in Charter

    Expenses: A new sailboat is a big investment, but in the end our cost of ownership was one of the best parts of the whole deal: during our five-year charter ownership we received $101,587 worth of retail value charters at a cost of zero dollars. Like all charterers, we paid a turnaround and fuel fee (cleaning, linens, diesel for the engine ...

  3. What is the best yacht ownership program?

    Navigare Yachting's Ultimate program provides unparalleled flexibility and empowers you to steer the course of your yacht ownership experience. With this program, you have complete control over how often you explore our 11 destinations and have the potential to maximize your charter revenue with a variable income of up to 12% annually.

  4. Charter Boat Ownership for Dummies

    Therefore, if there is an outside booking agent 100% of the time and the split is 80/20, then the owner will earn $64 on every $100. If there is no outside booking agent, and if the charter company does not charge a booking commission, with a split of 65/35 the owner will earn $65 on every $100.

  5. Top 5 Charter Yachts for Profitable Ownership

    The future of charter yacht ownership That wraps up our current list of top performing best charter yachts. Of course, as new yachts are introduced and charterer preferences change, the list is ever-evolving! New models to watch for the upcoming 2022/2023 charter season include the Bali 4.4, Lagoon 51 and the Fountaine Pajot Tanna 47! Find out more

  6. How To Choose The Right Yacht Charter Ownership Program

    The first two programs described below (shared access and shared ownership) aim to reduce the financial burden of ownership by enabling the sharing of costs. Finally, the second two programs (yacht charter ownership and yacht charter management) have a different focus; they aim to generate an income through charter to offset some of the costs.

  7. Ask a Charter Yacht Ownership Expert: Q&A with Christine

    In this episode, Christine explains The Mooring's Yacht Ownership Program and outlines what you should consider when deciding whether this path is right for you. She also shares insights gained while working with hundreds of Moorings owners and answers participants' questions throughout the entire livestream. Navigating Charter Yacht ...

  8. Yacht Charter Management Programs In A Nutshell

    We specialize in the "Boat As A Business" program and how to offset the cost of ownership using charter yacht management and tax incentives. Our services come free to the buyer if we help you purchase your boat. Request More Info OR Call 1-804.815.5054.

  9. Yacht Charter Management Programs Explained

    The Catamaran Guru is a brand-independent yacht brokerage working with various charter management companies and yacht brands to bring our boat-buying clients the programs and boat models that are best for their situation and goals. Catamaran Guru is no longer affiliated with Dream Yacht (DYC). Placing a yacht into charter management is a good ...

  10. Yacht charter ownership

    Dream Yacht charter ownership programs. While Dream Yacht Sales & Ownership offers a variety of ownership programs, 4 have been especially designed to maximize your time on the water. Dream Fractional, Dream Guaranteed Income, Dream Partnership and Dream Easy all offer reciprocal fleet usage in 50+ destinations around the world.

  11. Charter Companies on Owning a Charter Sailboat

    Reserved for new catamarans, the owner can charter for 3 - 5 years on a 77/23 split management program. Reserved for preowned catamarans, 2 years or older, we do offer the 70/30 management program. We allow any model, make, year and layout into our charter fleet with unlimited owners' weeks.

  12. Private or Charter Yacht Ownership

    In short, traditional private yacht ownership is expensive, and while it does have a substantial upside, for many it's not a realistic option. With a charter ownership program, you can purchase a new yacht and have the expenses of insurance, dockage, security, maintenance, and cleaning all covered for you. And what's more - the regular ...

  13. Comparing charter ownership

    Yacht-Match EXPLORER Program. The Yacht-Match EXPLORER program is a unique yacht charter ownership designed specifically for those planing to make their over-seas experience. The specification of the yacht and set up of the charter ownership is tailored towards your needs so you can enjoy the benefits of charter management, and at the same time ...

  14. Pros & Cons Of Yacht Charter Management Programs

    Pros Of Owning A Charter Boat. Pride of ownership. Warranties in place on all equipment. The boat will generate income and will pay 40%+ of the mortgage over 5 years. 5 years of sailing (8-12 weeks @ between $4,000 - $20,000 / week value) Phase out program ensures a fair outcome at the end of your charter program.

  15. Worry-Free Yacht Ownership

    Fixed income paid to you monthly, not dependent on charter activity, that will cover your monthly boat payment. This program offers the following options at the end of the program: Option 1: Trade in your yacht and start a new program. Option 2: Keep your yacht and cruise away. Option 3: Sell your yacht through our in-house brokerage service.

  16. Charter Yacht Ownership Programs

    More boats. More destinations. More choice. Becoming a yacht owner has never been easier. From private ownership to charter management programs and yacht brokerage, we're the world's leading yacht sales specialists, offering end-to-end professional consultancy and a panel of innovative solutions.. With 7 world-class brands and 60 models in our portfolio, we offer the widest range of yachts ...

  17. A Comparison of Yacht Charter Management Programs

    To summarize, the biggest difference between traditional yacht charter ownership program and tailored yacht charter management program are: 1.) Income in money and points. 2.) Restricted choice in yacht types. 3.) Investment in a charter program. 1.) Income, 100% real money.

  18. Before Buying a Charter Yacht:

    Implications of Your Charter Company ChoiceThe big guys (Dream Yacht, Moorings and Sunsail) typically offer:- Guaranteed income even if your boat never goes out on charter. Income typically equals 8 to 10% per year of the value of the boat new.-. All maintenance and expenses paid by the company.

  19. Fractional Yacht Ownership: Pros and Cons

    Defraying cost when buying a yacht isn't a new idea; shared ownership with friends and family has always been one option, and some boaters simply choose to charter instead of making a purchase. Another option that's gathered steam in the past few years is fractional ownership. Fractional ownership is exactly what it sounds like—you buy a piece of the yacht, instead of owning it from stem ...

  20. Yacht Charter: Your Path to Ownership Experience

    In the Overseas Radio Network Show 4, Segment 4, we will talk about a variety of topics for chartering a yacht and preparing for yacht ownership: Yacht sizes placed in charter; Experience required for bareboat charter; ASA sailing courses; Preparing to charter a yacht; Dinghies

  21. Is Charter Ownership for Me?

    A charter boat works hard, up to 33 weeks a year, in order to pay for all its expenses plus generate revenue for its owner. "Yes, it will get some wear and tear for sure" says Yanik Aubé, Dream Yacht's America and North Caribbean sales director. "But any boat just sitting at the dock gets damaged—by neglect, salt air, or even by just ...

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    The Moorings Yacht Ownership Program Explained. Enjoy the pride of yacht ownership without the hassles or expense ... you are working with the most financially strong charter company in the world. 700+ Boats in Service Worldwide 50+ Years of Experience 800+ Employees Worldwide 15+ First Class, Staffed Bases LEARN MORE Our Destinations British ...

  23. The Latest Horizon Yacht Charters Reviews & Testimonials

    Here's a selection of what our valued guests have said about us in their latest Horizon Yacht charters testimonials: Gauclelyn Sandez, 19-26 July '24 — Lagoon 42 (2019) 'Rendezvous'. Excellent, excellent, excellent! Dom was the best! Lewis Collins, 26 July - 1 August '24 — Fountaine Pajot Elba 45 (2021) 'GELOS'. You need to keep Dom at ...