Boat fractional ownership is different than chartering a boat or belonging to a boat club. With charters, you hire a vessel for a specific period of time, and with a boat club, you get to use various boats throughout the membership. With fractional ownership, you actually own a part of the vessel that you use. You put your money down on a particular ship, and many others do, as well (usually seven or eight people altogether). That way, you all get to own a vessel and use it fairly and equally. When the ownership period is over, you all ‘sell’ the boat, recoup some of the money you paid, and can sign up for a new contract with a new ship.
Boat fractional ownership is highly beneficial because it keeps the costs lower; you might even decide on a larger vessel than you could ever afford on your own. Along with such, the company with which you choose to work handles all the maintenance. Primarily, the only disadvantage is that you have to share usage of the vessel. However, most companies offer easy-to-use online booking systems, which makes it easy for you to see if the boat is available and book it for your use.
Luxury Boat Syndicates allows would-be boaters to buy into a boat that they likely couldn’t afford without sharing. You get to own part of a boat, which cuts costs of ownership and the company deals with everything else. You get to ensure that all the sharing is equal and fair, you can determine where you want to go on the boat, and can even get training to learn how to operate it safely. Plus, you can also hire a crew pilot and skippers to take you where you want to go, making boat fractional ownership an exciting and unique way to own a vessel.