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From: Chuck Morford (no email)
Date: Wed Aug 03 2005 - 15:14:38 EDT
I haven't actually bought a boat for charter, but
I did talk to a SunSail rep at Annapolis a couple
of years ago.
My impression was that you came out of a 5 year
charter with the boat about half paid for.
So, you end up with a 5 year old sailboat, still
owing $50k-$75k...If everything has gone well...
Is that not the case?
--- wrote:
> Thanks - I've gotten the info from Sunsail and
> Moorings but thought I'd ask the list and get
> an impartial answer - thanks for providing
> that! Other than the liability of carrying a
> large loan and the possibility of people
> deciding to do other stuff than sail (!) it
> seems to be an ideal way to buy a 5 or 6 year
> old boat for minimal $ with the 3-5 weeks of
> sailing per year icing on the cake - assuming
> all goes well.
>
> I assume there's some historical stats showing
> the % of time a boat is chartered?
>
> Thanks again --
> Sincerely,
> Larry T A Blood Test for your oil -
> www.youroil.net
>
> ----- Original Message -----
> From: Dwight Yachuk
> To:
> Sent: Wednesday, August 03, 2005 1:16 PM
> Subject: RE: [world-cruising] Greek
> Islands/Owning a charter boat
>
>
> It's true.
>
> Go to the sunsail website and read about
> owning a charter.
>
> Basically the bank buys the boat, you put it
> incharter for 3-5 years, the company manages
> the bookings and boat maintenance, you get 2-3
> weeks a year to sail and if everything goes
> according to plan the charters pay for the bank
> loan, management fees and boat maintenance. At
> the end of the period you get your used boat
> back.
>
> If things don't go so well, there aren't
> enough charters booked to pay the costs and
> you're on the hook for whatever is left to be
> paid, and you get back a boat that's been
> throughly trashed and needs a major refit
> before you can sail her.
>
> Having said all that, we bought a great
> catamaran out of charter. She's too old to be
> put back in but I'd consider going this route
> as the cheapest way to sail 3-5 weeks a year.
>
> -----Original Message-----
> From:
> [mailto:]On
> Behalf Of
> Sent: Wednesday, August 03, 2005 12:57 PM
> To:
> Subject: Re: [world-cruising] Greek Islands
>
>
> Are you happy with the financial arrangement?
> Their advertisements make it sound like you
> don't have any major expenses, someone else
> makes the payments, Moorings manages all
> charters and you get to use the boat quite a
> lot.
>
> Is the boat yours at the end of 5 or 6 years?
>
> It sounds like something too good to be true.
>
> Sincerely,
> Larry T
> A Blood Test for your oil - www.youroil.net
>
> ----- Original Message -----
> From: Sal & Janet Mannuccia
> To:
> Sent: Wednesday, August 03, 2005 11:30 AM
> Subject: Re: [world-cruising] Greek Islands
>
>
> We are owners of a Jeanneau SO 49 in the
> Moorings charter fleet. They call it a M494.
> We get to use our boat or other 494s in their
> fleet around the world; at all their Mooring
> Bases. We use our boat in the BVI and anywhere
> else when we use other owners' boats it is
> referred to as a reciprical boat or charter.
>
> As owners we only have to pay $60/day upto
> 14 days and nothing after 14 days.
>
> Sal
>
> Imre Lendvay <> wrote:
> Hey Sal,
> Educate me. What is a recipricol? Is it
> like a boat
> co-op?
> Em
>
>
> --- Sal & Janet Mannuccia
> <>
> wrote:
>
> > We are bare boating with the Moorings in
> Kos. We
> > have a recipricol M494 in Kos. There
> will be four
> > of us on this trip.
> >
> > Sal
> >
> >
> > SAL & JANET MANNUCCIA
> > s/y NIRVANA, M494
> > TORTOLA
> >
> >
> >
>
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> ---------------------------------
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>
>
>
> SAL & JANET MANNUCCIA
> s/y NIRVANA, M494
> TORTOLA
>
>
>
>
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