Everything You Need to Know About Buying a Boat Timeshare

Updated: Jul 23, 2019
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Want to own a yacht for less? We'll help navigate you through all the pros and cons of buying a boat timeshare, so you can decide if it's right for you.

You’ve fallen in love with the sailing life.

The rush you feel when you hit the open water is the very embodiment of freedom, and you want to own a little piece of it for yourself.

A boat timeshare can give it to you the easy way, without all the hassle which comes with a regular purchase. Read on to discover how this option works, and find out if it’s right for you.

What Exactly Is a Boat Timeshare and How Does It Work?

A boat timeshare works much the same as a timeshare for a luxury condo or private jet. You pay a discounted price to purchase an allotment of time at a property (in this case, a yacht) which you get to use during prespecified periods throughout the year.  

The price of a timeshare is low because you share the cost with other users who have their own allotted time to enjoy it. Some boat timeshares are more flexible than others, allowing users to simply call ahead and take the boat out by reservation. Others give you definitive days which you cannot change.

Why Buy a Boat Timeshare Instead of a Personal Yacht?

Besides being cheaper, a boat timeshare is generally easier and comes with less headache than buying a yacht. Things like insurance, maintenance, and boat licensing are usually taken care of by the company which sells the timeshare, so you won’t have to go through the trouble of figuring these things out on your own.

With a timeshare, you’ll be paying your base purchase cost, plus a yearly fee which includes all upkeep and paperwork. You pay this in one lump sum, and you won’t have to worry about yearly renewals and the like because the company will do it for you.

How to Know if a Boat Timeshare Is Right for You

The timeshare model of ownership can be a wonderful way to enjoy the cruising life, but it’s not for everyone. Many people don’t want to share their yacht and prefer the freedom of being able to take it out whenever they please, without calling ahead and reserving a time slot.

If you want to take the boat out daily or weekly, it’s probably worth purchasing your own. That way, you have complete freedom. If you only sail a few times a year and prefer the idea of having someone else take care of upkeep, the timeshare model is probably a smarter decision.

Make sure to read the contract fully when deciding to purchase your boat timeshare. Not all timeshares are created equal, and some companies are scammers in disguise. It’s a good idea to go over any contracts with a lawyer before signing, and avoid buying on a whim.

Find your Dream Boat and Set Sail Today

Owning a boat timeshare could be your ticket to sailing on the open seas whenever you please. If you’re curious about yacht ownership, don’t hesitate to reach out and discover the world of cruising.

Want to know what’s out there? Check out our yachts for sale to see the crafts in action and fall in love with your dream boat.

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