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Simply put, you own the yacht with several other like minded individuals. You are entitled to proportional usage of the yacht based on your ownership share.
Many yacht owners have busy lives and don’t get the opportunity to utilize their yacht most of the time. A significant amount of the cost of owning a yacht include expenses like maintenance, insurance, dockage and crew, all of which accrue regardless of usage.
To offset this recurring cost, many owners will place their yacht into charter. Even with a successful charter program, most yachts charter only a few times year, only covering a fraction of the annual costs.
For infrequent cruisers, chartering can offer way to enjoy the pleasures of yachting at “reasonable” rates. However, for those that wish to charter for more than a just couple weeks a year, the costs can rival yacht ownership.
Unlike with owning outright or with fractional, you don’t have any equity in the yacht.
Fractional Ownership lands right in the sweet spot for those that are looking to minimize the cost of ownership while maximizing the enjoyment. With MyYachtCo Fractional Super Yacht Club program, you can purchase 1/10 up to 1/2 shares in a magnificent super yacht, fully managed, and crewed by the best captains and crews in the industry. None of the hassles of managing your boat, worrying bout how charter guests will treat your yacht. Just Walk-on and be pampered ultimate luxury by your dedicated crew.