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Understand why fractional yacht ownership is the best way to own a yacht

The concept of fractional yacht ownership is not entirely new. If you are interested in owning a yacht, you may have heard of it at some point. Fractional yacht ownership should not be confused with timeshare. With fractional ownership, you have ownership interest in the asset, which means you are the actual owner or one of the owners in this case, unless you decide to purchase 100% of the asset.

With a timeshare, you buy time or share time with other owners, but you never actually own anything, which means that when your time is up, what you invested is lost because you have no capital.

This is why most people and smart money have realized the benefits of owning a fraction of the yacht – a great way to own a beautiful asset that you use occasionally without the unnecessary expense of owning a yacht for complete.

Lots of people love spending time on the water, and yet only a few can afford a boat on their own. Sometimes, it’s not about affordability but actual usage. Day and charter rentals are good for the occasional traveler. In cooperative yacht ownership, you share the cost of the yacht with others and only use it when you need it, without the hassle of maintenance. Imagine embarking on a trip on your own yacht; complete with all crew members, to spend a few weeks at sea with family or friends. You can spend your days ‘soaking’ on the incredible coastlines of Cuba and the Bahamas, making short stops to fish or visit the local restaurants. Then, after a few weeks of enjoyment, you disembark and return to your normal life.

Fractional yacht ownership or yacht sharing gives you access to a luxury yacht for a fraction of the cost, meaning you don’t have to worry about the headaches that come with maintenance and servicing. A good management company like Saveene can always take care of that for you.

You can decide to use the yacht for just a few weeks a year and then leave it for your co-owners to enjoy. After all, it’s not good for a ship to sit still for too long. Meanwhile, the management company takes care of the maintenance and keeps the yacht ready to travel at all times.

Yacht sharing is a great alternative if you are an ocean lover who enjoys exploring the waters of the Caribbean or the Mediterranean, but is intent on keeping sailing expenses low.

This is a perfect solution if you are smart with your money, but still want to have a cruise or a yacht. The equity is shared equally between the owners. There is no stress of hiring a charter anytime you want to take a boat trip. All you have to do is call your concierge office ahead of time, and they’ll schedule the crew, Captain. and your boat will be ready when you arrive to enjoy it without all the hassle.

Companies like Saveene offer an exciting concept of yacht ownership at a fraction of the purchase price compared to full yacht ownership.

Many novice yacht owners do not realize the intensity of yacht ownership and the stress that comes with general maintenance and cost. On the other hand, those who have owned or own yachts understand exactly how cost intensive it can be. A yacht is made to enjoy it. The yachting lifestyle can be quite beautiful if it is stress free. Realistically, most yacht owners don’t use their yacht that often, but still have to pay 100 percent of the maintenance costs. This is where the concept of fractional yacht ownership is the smartest way to own a yacht. You have equity in what you use and you pay for what you use, but you still have the pride of ownership.

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