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From: Sal & Janet Mannuccia (no email)
Date: Wed Aug 03 2005 - 15:24:35 EDT
That's right, you still have mortgage payment to make for the balance of the
loan, whatever your arrangements are with the loan agency.
You also have use of your boat and other boats in the entire Moorings fleet, for 5 years.
Sal
Chuck Morford <> wrote:
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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>
>
>
> SAL & JANET MANNUCCIA
> s/y NIRVANA, M494
> TORTOLA
>
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>
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