Everything You Need To Know About Yacht Share

Do you crave the prestige of owning your own yacht - of being able to get out on the water whenever you want, with your own personal crew who knows all of your preferences, and a luxury boat that feels like your home away from home? However, at the same time, are you concerned about the financial and time commitments that come from owning a vessel, as well as the stress of maintaining it? Yacht share could be the perfect solution. 

Shared yacht ownership allows you to have the best of both worlds, taking away the pressures of being a yacht owner and allowing you to focus on enjoying your vessel. Learn about it more below.

A Complete Guide To Yacht Share

Why buy a yacht share rather than own outright?

Yacht owners tend to be very busy people. In fact, studies have shown that most only use their yacht 4-6 weeks per year. This means that owners spend incredible amounts of money on a vessel, only to enjoy it around 1/12 of a year. And that's before you even think about the stress and costs associated with maintaining a yacht. 

At the same time, chartering a yacht - while relieving you from any stress associated with the vessel - also means a big expense every time you wish to go away, and lacks the convenience and comfort of having your own vessel.

Yacht co-ownership is a practical alternative where you share your yacht with others, thereby reducing the purchase and maintenance costs of the yacht.

How does shared yacht ownership work?

SmartYacht’s yacht share service brings together shareholders by looking at the type of yacht they want, their desired location and their personal use requirements. We act as a coordinator for smooth operations between co-owners, overseeing the contract and the movement of funds, ensuring property protection and providing professional yacht management. You won’t have to interact with the other co-owners, and your anonymity can even be provided upon request.

Shared ownership is often confused with time-sharing models, which offer no ownership. In contrast, as a SmartYacht co-owner, your portion of the boat belongs completely to you.

Costs are shared between owners

By splitting the cost of purchasing and maintaining your yacht, you’ll save a lot of money. Choosing a shared yacht ownership with SmartYacht also ensures that there is regular upkeep and maintenance work carried out, and that the boat never sits unused and unloved.

Flexible use to suit you

We match people to ensure that each owner can have their desired holiday period, guaranteed. What’s more, there is nothing to stop you from enjoying a yacht holiday at short notice. We bring together shareholders with differing usage wishes, with a three-season system that ensures the availability of your yacht during each season.

Optional crewing

Whether you’re a new or experienced yacht owner, and whether you prefer a year-round crew, a temporary skipper when required or no crew at all, SmartYacht can arrange crewing to match your needs.

Effort-free yacht ownership

We understand that your free time is extremely precious, and so we aim to take all the stress out of being a yacht owner. SmartYacht can provide a full-service offering that makes owning a yacht without having to worry finally possible. Co-ownership won’t feel like a compromise - you can leave your personal belongings on board and enjoy sleeping in your own bed linen, leaving it to SmartYacht to handle the smooth transition between owners. 

Property protection you can trust

SmartYacht offers innovative solutions that protect your property in the best possible way from things such as bankruptcy or payment defaults by other co-owners. We offer optimal property protection for our yacht share owners.

Freedom from other co-owners

With a yacht share, you’ll likely want to remain as flexible as you would if you had sole ownership of the yacht. SmartYacht ensures that you don’t have to coordinate anything with other co-owners, and you can resell your shares at any point. 

With more than 3,000 registered prospective customers currently on SmartYacht looking for a suitable yacht share, a co-owner or co-user for their yacht, we are sure to be able to find your perfect match. Get in touch to find out more.