If you enjoy luxury yachts but are not interested in sole ownership or chartering, yacht co-ownership may be the ideal solution. Although some people still doubt the wisdom of co-owning a yacht, the various benefits of co-ownership have been demonstrated over the years. While it may not be the best option for every discriminating owner, it is a completely adaptable and justifiable model.
Make no mistake about the distinction between yacht co-ownership and timesharing. Whereas a timeshare requires people to buy the right to use a product without actually owning it, SeaNet’s unique co-ownership model requires each co-owner to own a share of the yacht at an equitable value. The yacht’s title registration can be sold at any time, and SeaNet’s team of experts can assist with the sale.
Previously, owners who wanted to offset some of the costs of running and maintaining their superyacht would charter it. However, running a yacht commercially is not the best long-term solution, especially financially. Owners can save up to a significant amount of money on the initial capital outlay and annual running costs over the first five years when purchasing a new build yacht through a SeaNet co-ownership program, according to CEO and founder Matty Zadnikar’s transparent financial comparison.
Depending on the percentage of ownership, a co-owner is guaranteed a certain number of days on their yacht during the main season and out of season. This structure allows each co-owner to spend the most time on their yacht during all seasons, making it fair and just for all. If co-owners want to spend more time on their yacht during the high season, SeaNet allows them to increase their share of the yacht. Co-ownership also allows you to extend your yachting season by spending the summer in the Mediterranean and the winter in the Caribbean.
However, co-ownership provides more than just cost savings and travel flexibility; it also provides peace of mind when it comes to yacht management. SeaNet also serves as the yacht’s management team, overseeing every aspect of the yacht’s daily operations, from maintenance and crew to charter and concierge. This way, co-owners can relax and enjoy their time onboard without worrying about the details.
Instead of diving in headfirst with sole yacht ownership, consider testing the waters and reaping the benefits of SeaNet Europe co-ownership.