If you like luxury yachts but don’t want to buy or rent one on your own, yacht co-ownership may be the best option for you. Even though some people still don’t think it’s a good idea to own a yacht together, the benefits of yacht co-ownership have been shown over the past few years. Even though it might not be the best choice for every owner, it is a very flexible and reasonable model.
Don’t confuse co-owning a yacht with timesharing. With a timeshare, people buy the right to use something, but they don’t actually own it. With SeaNet’s unique co-ownership model, each co-owner owns a share of the yacht that is worth the same. The yacht’s title registration can be sold at any time, and SeaNet’s team of experts can help.
In the past, superyacht owners who wanted to cover some of the costs of running and maintaining their boat would try to charter it. But running a yacht for business is not the best long-term solution, especially from a financial point of view. According to SeaNet Europe’s CEO and founder Matty Zadnikar’s clear financial comparison, owners can save a lot of money over the first five years on the initial capital outlay and annual running costs when they buy a new build yacht through a SeaNet co-ownership program.
Depending on how much of the yacht they own, co-owners are guaranteed a certain number of days on their boat during peak season and off-season. Under this plan, each co-owner can spend as much time as they want on their yacht during each season. This is fair and just for everyone. If co-owners want to spend more time on their yacht during the busy season, they can increase their share of the yacht through SeaNet. Co-ownership also makes it easier to double the amount of time you can spend sailing. For example, you could spend the summer in the Mediterranean and the winter in the Caribbean.
But co-ownership gives you more than just lower costs and more freedom when you travel. It also gives you peace of mind when it comes to managing the yacht. SeaNet also acts as the yacht’s management team, taking care of everything from maintenance and crew to charters, concierge services, and more. So, co-owners can fully enjoy their time onboard without having to worry about the details.
Instead of diving in headfirst with sole yacht ownership, you might want to try out co-ownership with SeaNet Europe and see what it’s like.