Similar to my recent post about Boat Clubs, where members share a fleet of boats, fractional yacht ownership allows you to you share one specific boat with other owners. It is very much like how a timeshare works in real estate.
One of the main benefits of yacht sharing is that, like with a boat club, everything is handled for you. You don’t need to pay for marina fees or insurance, and you don’t do any maintenance. It is like renting a car, you just show up and drive.
Some companies, such as SailTime, let you choose to be either a “Member” or an “Owner”. As a Member, you get to share usage of a specific sailboat for a monthly fee. As an Owner, have a partial share of the yacht, and the company will manage it for you by renting it out for charters, giving you a return on your investment and allowing you also to use the boat yourself.
Some other yacht co-ownership companies include:
Sunsail (also see The Moorings which is related)
Dream Yacht Charter
Pure Latitude (UK)
Fairview Sailing (UK)
Virgin Charter Yachts
Owner Time Charters
One 4 Yacht