In the old days, boats and yachts were constructed of wood – a naturally regenerating material. However, in the 1960s the construction material changed to fiberglass which is a form of plastic made of glass strands and resin. Resin is produced from oil. It takes a lot of oil and plastic to produce a 40’ boat.

A typical fractional ownership arrangement has eight users per boat. Thus, there are eight people utilizing a single asset instead of eight separate boats. The savings in natural resources it takes to build these boats adds up quickly. If only one boat is built for fractional ownership instead of eight, approximately 100,000 pounds of plastic is saved – that’s about the same as three million plastic water bottles!

There are other resource savings. Most yachts have two massive diesel engines, each weighing several thousands pounds and made from iron and an assortment of other heavy metals mined from the earth. Yacht share saves the need to produce 14 engines. That in itself is an 85% savings in natural resources.

The yacht share form of ownership is better aligned with the way we live today. It saves money and conserves resources for the future as well. So, next time you have the urge to get out on the deep blue water, consider going green and go fractional.

Signature Yacht Shares

Any time you start something new, you are bound to learn things along the way. When we started Signature Yacht Shares, we anticipated some challenges specific to the fractional world, such as scheduling the use of the yacht or creating equitable payments from each shareholder. We knew that we would have to be creative and open-minded with this new form of yacht ownership. We figured that one of the easiest things to do would be to put a budget together and give customers an “easy monthly payment” that would cover all the costs. Boy, were we wrong!

The problem has not been our ability to determine the fixed operating cost of boating – after 25 years in the industry we know what things cost. What we discovered is that customers don’t like knowing these costs! As a fractional operator, it is important that we know our costs so we can properly budget for them.

As an example, we have a 39’ Tiara Convertible based in Ft. Myers. The fixed operating costs run about $1,200 per month per 1/8^th share. When most people see that, they think “that’s expensive,” but is it really? It not only includes the slip fee, on-going cleaning, and general maintenance but other items including the insurance premiums, bi-annual trips to the boat yard, monthly weather subscriptions, diesel engine oil changes, engine repair reserves, soft goods reserves, and other miscellaneous items.

Most solo boaters only consider the recurring monthly costs in the monthly budget. “One-off transactions” such as an engine breakdowns, yard bills, and oil changes are not typically considered part of the monthly budget. At Signature Yacht Shares, we plan for these one-off transactions and spread them out evenly throughout the year, shared equally by the shareholders. For example, a $5,000 yard bill only costs $52 per month per shareholder. A $9,000 insurance premium only costs $94 per month per shareholder.  When budgeted and shared, the cost of yachting is not only manageable but affordable.

No boater likes bad surprises, such as an unplanned engine bill. Fractional yachting budgets for all the costs of boating to give you peace of mind financially. And, remember, you never pay more than a fraction of the cost!

The 39 Tiara Convertible is the perfect “all purpose” yacht. Fish, cruise, or just enjoy time at the dock with your friends – the 39′ does them all well. Her cabin layout features an island bed forward for the master with a cozy bunk room for the kids or visiting friends. Plus, the open salon is perfect for relaxing or entertaining. The oversized and air conditioned flybridge features dual Release Marine helm chairs and a large forward facing bench seat.

The crisp and rugged exterior is contrasted by a soft and luxurious interior appointed with sumptuous leather and teak. This beauty screams to be taken out for a private get-away from the world or a romantic weekend sail. It is truly a boat to suit every need.

This $750,000 vessel can be yours for the share price of $79,950. Finance terms are available to qualified purchasers. Maintenance is additional but rest assured that you never pay more than an 1/8th of the cost, saving you 87% as compared to traditional solo boaters. Everything is taken care of for you. No worrying about maintenance or repairs.

Fractional yachting offers an exceptional value proposition. Or, as Warren Buffett says – “Fractional just makes sense.” You only pay 1/8th of the usual cost of boating and enjoy a higher-level of satisfaction. Best of all, you’re not just limited to a week or a month… it’s yours, whenever you need it as long as it’s not in use.

The company believes this is a unique opportunity to own a premier yacht that meet everyone’s needs – from a career-oriented professional looking to get-away from the daily grind or a couple or family looking for a weekend on the water. For more information on this vessel, please visit www.tiarayachtshares.net or contact Capt. Dennis Pellicci at (239) 470-3549

For more information about Signature Yacht Shares, contact Matt Condon, (850) 279-6888 or visit www.signatureshares.com