You are the primary owner in Fractional Ownership, while others pay for the usage of your boat.
If you’ve ever owned your own sailboat, you know how convenient it can be to have access to your boat whenever you want it. There’s a flexibility that you don’t always have if you’re chartering or in a sailing club.
On the other hand, you also know that owning your own boat is a major financial commitment. Some people try to defray the expense by entering into a shared ownership.
When you first heard of Fractional Sailing, you probably thought it was the same as shared ownership. But the differences are drastic.
When you enter a shared ownership, you are still responsible for maintenance. The cost is divided among multiple owners, but nobody is paying you to use your boat. It takes the pressure off to be constantly on your boat, but it’s not ideal.
You also need to put the work into keeping your boat ship-shape. Even then, you’re not always guaranteed access to your boat when you want it. On the upside, you will be guaranteed to always sail on the same boat.
On the other hand, a fractional ownership requires practically no maintenance from you. Once you’ve bought the boat and registered it with a fractional ownership program, you pay to have other people care for your boat.
Not only do you have the boat taken care of, but the program you register with will also ensure that everyone who pays for a membership in your boat is professionally trained and certified, so you can rest assured that your boat is always in capable hands.
You could find competitive rates in your local sailing club. You could get professional management with any local charter. What sets Fractional Sailing apart is that it combines the strengths of all your options into one.
Drew Harper is the Owner of Spinnaker Sailing, an American Sailing Association member, located in the San Francisco Bay area. www.spinnaker-sailing.com