Invest In Your Yacht Through a Charter Program

Posted by Daniel Lawrence on December, 2015

Whether you just want to own a yacht, or whether you have a love of sailing and a desire to retire on the seas, getting a luxury yacht charter, USVI & BVI, is one way to go. Cruising World has several great examples that explain why purchasing a yacht, and then entering it into a charter program, is one of the better financing options you can find.

1. Chartering is a major financial investment. When you purchase a yacht and choose to put it into a chartering program, you’re making an agreement and signing a contract like any other financial investment. The hope is to get returns, in this case a way to pay mortgage and other maintenance necessities, while putting your boat to use. Like any other financial investment the returns or gains won’t be apparent quickly, so be wary of companies that offer you an immediate turn around.

2. Plan ahead and know what you want. Purchasing a yacht is like buying a house. You need to have an end goal in mind. Do you plan to retire on it? Or are you just going to use your boat to earn some money? What’s the purpose, the real reason on getting a luxury yacht charter, USVI & BVI, for your own? Once you have the clear goals in mind, and have appraised yourself of the appropriate costs, then you’re probably aware of the pros and cons of going through with everything.

3. A Charter Company is your yacht’s home. You need to be comfortable with them handling the day to day affairs of your yacht. The things that you agree to in contract are important. Does the company keep control over maintenance? Are they required to contact you over every little thing? What is approved and not approved action for use with your boat? If you understand the terms, and trust the company, then you’re in a good place.

Not everyone is financially stable enough to own a yacht right off the bat, and getting yourself into a financing program such as a charter program is a great way to get things underway. It doesn’t matter the end goal that you’ve chosen for your boat; only that you have a way to continue to make the payments on it once you own it. There are always risks to chartering your boat, sure, but the gains are much higher in the end.

For the best Saint John based yacht charters check out Blue Mystic Charters. They offer luxury yacht charter in USVI & BVI so that you can explore the rich waters of the Virgin Islands to your content.

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