See our price comparisons below based on two years ownership.
1. Capital Costs
This is the cost of purchasing your share. Each share is an eighth of the total and gives an owner up to 6 weeks use a year. It is possible to buy more than one share. Shares can be resold.
Comparative Costs:
Sole Ownership
£500,000
£400,000 (After 10% per annum depreciation)
Chartering
£0
Boat Associates
£65,000
£55,000 (After 10% per annum depreciation)
2. Annual Running Costs
This is the total cost of the mooring fees, insurance, cleaning and laundry services, incidental maintenance and administration charges.
Comparative Costs:
Sole Ownership
£80,000
Chartering for 12 weeks
£120,000
Boat Associates
£10,000
3. Annual Maintenance Costs
This refers to the cost of an annual major service on the engines, hauling the boat out of the water and carrying out any other general improvements that have been agreed by the owners at the annual general meeting.
Comparative Costs:
Sole Ownership
£50,000
Chartering for 12 weeks
£0
Boat Associates
£6,250
Total Savings per Annum with Boat Associates;
£100,875 less than Sole Ownership
£46,875 less than Chartering
It should be noted none of the above includes fuel and any incidental
damage costs which responsible owners need to pay themselves
Cost comparisons are based on a 2 year ownership and 12 weeks chartered use of a Sunseeker 56