If you are a fan of luxury yachts but are not in the market for sole ownership or chartering, then perhaps yacht co-ownership may be the ideal solution. Although some still doubt the concept of owning a yacht together is wise, over the past years, the various benefits of co-ownership have been proven. While it may not be the best option for every discerning owner, it is a fully flexible and justifiable model.
Make no mistake between yacht co-ownership and timesharing. Whereas a timeshare requires people to purchase the right to use a product without actual ownership, with SeaNet’s unique co-ownership model, each co-owner owns a share of the yacht which represents an equitable value. Title registration of the yacht can be sold at any time, and SeaNet’s team of experts can assist with the sale.
In the past, owners who wanted to mitigate part of the costs for the operation and maintenance of their superyacht would seek to charter it. However, running a yacht commercially is not the most beneficial solution in the long-term, especially financially. According to SeaNet Europe’s transparent financial comparison, developed by CEO and founder Matty Zadnikar, owners can save up to a considerable amount of money on the initial capital outlay and annual running costs over the first five years when purchasing a new build yacht under a SeaNet co-ownership programme.
Depending on what percentage a co-owner holds, they are guaranteed a fixed number of days on their yacht during the main season and out of season. Under this structure, each co-owner is able to enjoy the maximum time on-board their yacht during all seasons, making it fair and just for all. If co-owners want more time on-board their yacht during the high season, then SeaNet offers the flexibility to increase their share in the yacht. Co-ownership also makes it easier to double your yachting season by spending summer in the Mediterranean and winters in the Caribbean for example.
But co-ownership offers more than just cost savings and flexibility when travelling – it also offers ease of mind when it comes to yacht management. SeaNet acts as the yacht’s management team as well, overseeing every single part of the yacht’s daily operation, from maintenance and crew, to charter, concierge and more. This way, co-owners can fully enjoy their time onboard without having to worry about the details.
Instead of jumping in headfirst with sole yacht ownership, consider testing the waters and reaping the benefits of co-ownership with SeaNet Europe.