COMPARE PRICES FOR YACHT CHARTER vs. CO-OWNERSHIP
Yacht Co-Ownership: The smart and affordable way of yachting!
"Other than sharing the love of the water, people are all over the map as to the boat size," our Vice President Peter Graf says. He advises anyone interested in buying a luxury motor yacht to think about it first.
"If the cost of putting her in the water is too much, two or more people can share in the costs and maintenance. Start by thinking how you're going to use it — for example, are you going to entertain? — and where you're going to put it. That and your budget will determine how big of a yacht you can get."
If your motto is "the bigger, the better," than consider purchasing through a well-known resource. For example, super yachts are not only charters yachts, they sell, too. One such yacht for sale is a 2008, 135-foot Fitzroy sailing boat for approximately $11 million. In case you don't have $11 million to spend, read on...
If you would prefer to rent a yacht for that same luxury feeling without the ownership responsibilities, there are opportunities. On Charterworld.com, Superyacht TV, a 256-foot boat, has room for 12 charter guests for $850,000 per week.
Exclusive Resorts' new luxury yacht, Perfect Harmony, is a 100-foot yacht ready to set sail around Puerto Rico, the U.S. Virgin Islands and the British Virgin Islands or St. Martin/St. Barth's and Anguilla. The seven-night all-inclusive experience features a full crew, including a private chef, captain and two stewards, starting at $63,965 for a seven-night cruise accommodating eight people.
HomeAway, a vacation rental marketplace, also rents out yachts, such as the "Isabella," a 118-foot Westport yacht with 5,000 square feet of living space, five suites, hot tub and more that rents for $8,000 per night.
Still too expensive? We agree!
If owning an elegant and luxury motor yacht has always been a dream of yours, but you're not a professional athlete or a great film director, then consider our Yacht Club Co-ownership program that will provide that luxury feeling without breaking the bank.
Our Yacht Club Co-Ownership Program is valid for 25 years and starts at only $99,000. which is equivalent to $565 per day! That is the intelligent and affordable solution to owning your luxury dream yacht, without the high price tag.
UNDERSTANDING YOUR NEEDS
U.S. BANCORP can also meet any special wishes you may have, regardless of the yacht class, and extend the Service and Lifestyle Package at any time by adding services such as travel or organization of recreational activities, to make your shared boat ownership an extra special experience.
Co-ownership of yachts is
becoming more and more popular.
Thereby, U.S. BANCORP is bringing together suitable yachting partners and Investment Banking clients to share your experience and valuable vacation time together.
With a sophisticated system, yacht co-owners will be able to recover a significant portion of their investment, have less depreciation and even lower their yacht’s operating costs.
YACHT CLUB MEMBERSHIP
Simultaneously, yacht enthusiasts have the opportunity to realize the dream of their own yacht by acquiring a share or a club membership.
Nevertheless, owners can continue to use their yacht flexibly and at their own convenience – without any of the disadvantages of chartering or the insecurities of property communities.
On the contrary, the owners do not even notice whether there are one or two co-owners. Because when they return aboard, following the departure of the previous co-owner, everything is as they left it:
All personal items and towels and linens with their own initials are on board, and the yacht is cleaned and fully stocked with supplies, waiting in the harbor and ready for departure.
SHARED OWNERSHIP DOUBLES JOY
Who can actually use his or her yacht or boat 12 months a year?
Statistics show that most boat owners annually spend a maximum of 4 to 6 weeks on board. The rest of the time, the jewels in the harbor are idle and costing a lot of money.
Because according to the motto “what rests, that rusts” more damage occurs on boats, if they are not moved:
metal parts rust – which is particularly painful and expensive when cylinder heads, pumps and hydraulic parts are affected – gaskets become brittle, and electrical equipment as well as thier connections are plagued by films of moisture, salt and dust in the air, through which no electricity can flow.
EXPENSIVE LOCAL MAINTENANCE OR CHARTERING OUT?
Most boat owners therefore pay either for a crew or for an expensive onsite support, which often keeps the yacht in sloppy conditions.
However, upon returning aboard, they regularly have to lend a hand, repair and clean up many spaces themselves for a few days, until the boat is ready to get underway again. The holiday starts then usually under pressure and charged with tension.
Other yacht owners, in turn, yield their yacht to charter services and thus accept a higher wear and tear, pollution and ultimately a faster depreciation of the boat. Nonetheless, they take solace in having the advantage that engines and equipment are regularly in operation, cleaned and maintained by a charter agency according to specifications..
SHARED OWNERSHIP MAKES SENSE
Shared ownership - or co-ownership - in which you share a 96-feet motor yacht with maximum 20 to 24 other co-owners, thus seems to be a logical consideration. First and foremost, it´s about keeping down the costs of acquisition and maintenance by other co-owners.
However, at the same time, collective ownership also has the advantage of making yachts more efficient and ensured that they are well-maintained.
Nevertheless, some yacht owners are initially skeptical and somewhat reserved about the concept and perceived potential conflicts: that the boat is not available during the requested holidays, legal uncertainties, financial disputes or dependence on other partners. Indeed, many friendships have been broken through yacht sharing.
U.S. BANCORP has a suitable answer and safe solutions addressing all these concerns. The company guarantees to shareholders that there is no overlap in the user’s wishes and that legal as well as financial disputes cannot arise at all.
U.S. BANCORP goes one step further:
Each owner remains with his yacht share perfectly independent of the other owners and can freely sell this at any time or leave the ownership.
Furthermore, the yacht is even secured against bankruptcy and payment defaults in operating costs.
25 YEARS OF JOY
U.S. BANCORP BRINGS THE MATCHING OWNERS TOGETHER and therefore we have created a special all-inclusive
“YACHT CLUB CO-OWNERSHIP PROGRAM”
You will receive One (1) Yacht Co-ownership membership, which allows you to use our elegant 96-foot Motor Yacht for the next 25 years (minimum 7 up to 28 days per year) for an all-inclusive price!
CO-OWNERSHIP STARTS AT:
$99,000 up to $295,000 depending on how many weeks you wish to use your yacht each year for 25 years.
You will NEVER lose your weeks even if you decide that one year you cannot use your Yacht, you can simply carry your weeks forward to the next year!
In addition, all Co-owners will receive their INITIALIZED & PERSONALIZED items on board to ensure that your business associates and your friends cannot see that you are a Co-owner! The Yacht will be 100% personalized during your stay to IMPRESS your business partners, no matter what!
Learn More About Our Co-Ownership Options...
Administrative Services (included in share price)
Survey, testing and purchase of the yacht
Foundation of ownership company
Registration of the yacht and the company
Search and combination of the group of co-owners
Coordination among the co-owners