Ownership FAQs
Your Ownership Program questions answered
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You will be the sole owner of the boat and have all the benefits of ownership without all the costs, time commitment and maintenance worries.
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You earn a monthly income from the residual revenue and because of SailTime's unique membership program this is typically consistent across the year.
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ailTime will professionally manage your boat for 5 to 6 years.
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Yes, with 9 months notice you can remove your boat from the program.
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We only put new or near new boats into our program. This gives a consistent quality experience to all our members worldwide.
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SailTime, on your behalf.
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The membership/charter fees typically cover costs including our management fee and you enjoy the residual income.
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You would be offered an alternative base location to continue within the SailTime Program. Furthermore, SailTime would be actively looking to reappoint a new Base Owner at your location, but in the interim might well choose to run the base itself. Obviously, as sole owner you would be entitled to remove or sell your boat.
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All our Boats are extremely well equipped with chart plotter, autopilot, electric windlass, self furling jib, lazy jacks, bimini, dodger, galley items, BBQ and other features that make boating easy and enjoyable. All SailTime boats are fully certified to the Maritime safety standards and carry extensive safety equipment.
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We only work with world-class manufacturers who are committed to providing quality yachts, catamarans and powerboats. SailTime only adds manufacturers after an extensive evaluation.
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As the owner you can sail at weekends, during the week, overnight, for the day or just for a few hours whenever you like subject to existing membership/charter obligations and peak season demand.
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Typically you will put down a minimum of 20% of the purchase price. However, many owner-members opt to put down larger percentages.
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SailTime can put you in touch with a financing company who can fast track your application through. Alternatively you are a free to arrange your own financing and in fact we encourage you to look around for the best deal for you.
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Each SailTime base holds frequent social gatherings for members in order that they can meet including regattas, flotillas and sail days.
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It is usually the same members/hirers who sail your boat so under the SailTime Owners program your boat doesn't receive the same harsh treatment that Charter boats typically do. Our Members share a pride of ownership as they are coming back each month to the same boat. In fact, the boats that have been in the SailTime programme for more than 4 years still look and sail like new.
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SailTime only choose vessel suppliers that we feel will have better than average residuals. Depreciation is always greatest in years 1 and 2, declining in year 3. By year 5, depreciation has flattened with very little further depreciation for a well-maintained boat. When all the other ownership costs like berthing, insurance and maintenance are taken into account you typically come out ahead!
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You may take your boat for your personal use and refinance to lower the repayments, upgrade to a new boat in our fleet, or just simply sell your boat. All these options leave you with a very inexpensive and quality SailTime sailing experience.
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Contact your preferred SailTime base for more information. The boat will be specified and ordered by SailTime, who will see the process through to the commissioning and delivery and take care of everything on your behalf.