What is the difference between owning a yacht timeshare, and having fractional yacht ownership?
On either one, would one get to choose to have the yacht for, say, July and August each year (if they paid the neccesary costs)?
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There are several different programs out there, Moorings being a fairly popular one, for example.
The basic difference between the two, the way you have posed the question is this:
With a boat "timeshare" program, you have the right to use the boat during a specific time period, the first two full weeks of July, every year, for example. Those are "your weeks", which you may be able to trade with another person if needed.
With the "fractional ownership" program, if you have purchased a 25% share of the boat, you have the right to use 25% of the total available time for the boat…anytime you would like to use it, (with restrictions such as advance reservations for the boat, etc) Note that if you, for example, purchase 50% of a boat, you do not get 26 weeks a year. You will probably only get about 22 weeks per year. The "missing time" is allocated for maintenance, etc and also is used by the management company to rent out for their own profit. (It's one of the ways the company makes money through the program. The total shares sold don't equal an entire year)
Again, there are as many different programs out there as there are boats, but a the major difference with lesser variants is what I explained
Comment by jason s — May 23, 2009 @ 8:04 am