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-   -   Fractional Sailboat Membership (https://www.early-retirement.org/forums/f29/fractional-sailboat-membership-109085.html)

skyking1 05-06-2021 08:56 AM

i agree that would be a huge difference. Crew of 4 is nice. Friends to share the time with is nice.

imnontrad 05-07-2021 03:26 PM

Freedom Boat Club is getting a LOT of good press. And you can get a boat at other locations when you travel, not limited to one location. They have power boats and sailboats.

Ready 05-07-2021 03:37 PM

We went sailing yesterday in the 22 foot charter boat. DH wants to get some more experience before taking his test this weekend. It was windy so we had some good sailing. Weather was good. But I would like to have a larger boat. The 22 foot boat gets pretty choppy on the open seas. And the boats in the charter program are old and worn out.

I did learn that Sail Time, the fractional program, is owned by Benneateu. And they have very strict conditions on what boats are allowed in the program. Most are less than 2 years old so they are very nicely appointed and in great condition.

Delawaredave5 05-07-2021 03:57 PM

If you have another couple interested, and compatible, you could both split a boat.

I love "splitting toys" with friends - half the cost, half the work, all the fun.

Buddy and I had an 84 Hunter 27 foot for 8 years, mooring Chesapeake Bay.

Initial boat was $6,000. Half of mooring, storage and insurance was $1,200/year. We did maintenance ourselves. Just sold it for what we paid.

I've done the same with old cars. Now looking for buddy to buy a hard sided popup camper - anyone in Mid Atlantic interested ???

scottpush 05-08-2021 04:31 AM

I have never sailed and joined a sailing club one month ago that owns 2 ~30 foot sailboats that we can take out for a nominal fee. I think around $75 every time you take one out. It was $330/year to join. The boats are old and somewhat musty below deck. They have classes to get you acclimated to the boats as well as how to be safe. It's out of busy Annapolis. They also show you how to sail but so far it's been very little. I don't feel comfortable at all taking one out at this point. I might take sailing lessons elsewhere until I do. Watching sailing people online and some boredom in retirement got me interested. Plus always loved the water. We'll see if it sticks or not.

Brat 05-08-2021 11:17 AM

My grandson's "currency" is time to sail a dinky Lazer. He just turned 12 so it is an appropriate boat. The other day he turtled it and a neighbor was preparing to come to his rescue but the kid righted the boat and sailed home.

Sailing to me is applied physics.

Scuba 05-10-2021 04:15 PM

Quote:

Originally Posted by Ready (Post 2603086)
Thatís the question I keep asking myself. Realistically if we have to pay for the membership on our own, the answer is probably no. But if we can split the membership with some friends of ours the dollar amount is small enough that Iíd probably be willing to give it a try.



Sounds like itís worth trying. Worst case, consider it part of your travel and entertainment spending for the year. If you donít like it, you can cancel the following year. The fractional program sounds ideal for you, especially with the quality of the boats.

I personally would never feel comfortable buying an expensive boat or a vacation home with another couple we are friends with. Others apparently have been successful with that. Iíd be concerned about what would happen to the friendship as well as the asset if either couple in the partnership had a major change in financial or health circumstances. The fractional program avoids all of that risk.

Ready 05-10-2021 04:45 PM

Quote:

Originally Posted by Scuba (Post 2604968)
Sounds like itís worth trying. Worst case, consider it part of your travel and entertainment spending for the year. If you donít like it, you can cancel the following year. The fractional program sounds ideal for you, especially with the quality of the boats.

I personally would never feel comfortable buying an expensive boat or a vacation home with another couple we are friends with. Others apparently have been successful with that. Iíd be concerned about what would happen to the friendship as well as the asset if either couple in the partnership had a major change in financial or health circumstances. The fractional program avoids all of that risk.

Agreed. We have zero desire to own a boat. Renting with some friends should work out OK for us because we really donít need that many days in the program and unused days roll over to the following month. There are easily a few winter months where none of us will be sailing so with all the carryover days we will never use up all of the available days in the program.

Sunset 05-10-2021 10:53 PM

Quote:

Originally Posted by Ready (Post 2604983)
Agreed. We have zero desire to own a boat. Renting with some friends should work out OK for us because we really donít need that many days in the program and unused days roll over to the following month. There are easily a few winter months where none of us will be sailing so with all the carryover days we will never use up all of the available days in the program.

Won't that be similar for everyone, nobody sailing Dec, Jan, Feb, and then everyone wanting June, July August ?

Scuba 05-11-2021 06:57 AM

Quote:

Originally Posted by Ready (Post 2604983)
Agreed. We have zero desire to own a boat. Renting with some friends should work out OK for us because we really donít need that many days in the program and unused days roll over to the following month. There are easily a few winter months where none of us will be sailing so with all the carryover days we will never use up all of the available days in the program.



I agree, splitting this rental program with friends would be ideal, especially if they are people you may want to sail with from time to time.

Ready 05-11-2021 08:08 AM

Quote:

Originally Posted by Sunset (Post 2605082)
Won't that be similar for everyone, nobody sailing Dec, Jan, Feb, and then everyone wanting June, July August ?

Yes, but everyone is guaranteed 7 half days per months which is more than we would likely use it, so I donít think it will matter.

Ready 07-15-2021 05:03 PM

We tried chartering a few boats over the past few months and every boat we ended up on was more than 20 years old and really worn out. It was not a great experience. So DH went searching for boats in the SailTime program and ultimately found one he really liked in San Pedro. We signed the contract and took the boat out for the first time yesterday.

The boat is a 41.1 foot 2019 Beneteau. It’s in almost brand new condition and seems really well appointed. I’m still unsure of how often we are going to want to sail, especially when the weather cools down. But DH decided that doing this was on his “bucket list” so I reluctantly went along with it.

There are four other owners on the boat. The boat is owned and maintained by a Beneteau dealer so it seems to be well cared for. For the month of July there are only five days that were booked by other owners. In August there are two days reserved. Oddly, even the holidays are wide open. We booked it for Thanksgiving but Christmas and New Year’s are still available.

So we’ll see how it works out, and it’s only a one year commitment. But for now DH is happy, so I guess that’s all that matters.

Scuba 07-16-2021 02:10 AM

Quote:

Originally Posted by Ready (Post 2634355)
We tried chartering a few boats over the past few months and every boat we ended up on was more than 20 years old and really worn out. It was not a great experience. So DH went searching for boats in the SailTime program and ultimately found one he really liked in San Pedro. We signed the contract and took the boat out for the first time yesterday.

The boat is a 41.1 foot 2019 Beneteau. Itís in almost brand new condition and seems really well appointed. Iím still unsure of how often we are going to want to sail, especially when the weather cools down. But DH decided that doing this was on his ďbucket listĒ so I reluctantly went along with it.

There are four other owners on the boat. The boat is owned and maintained by a Beneteau dealer so it seems to be well cared for. For the month of July there are only five days that were booked by other owners. In August there are two days reserved. Oddly, even the holidays are wide open. We booked it for Thanksgiving but Christmas and New Yearís are still available.

So weíll see how it works out, and itís only a one year commitment. But for now DH is happy, so I guess thatís all that matters.



Thanks for the update. Surprised the summer is not more booked. Enjoy!!

Brat 07-16-2021 11:03 AM

Years ago the family rented a sailboat out of Bellingham. It was a fun vacation.

brett 07-17-2021 10:44 AM

A friend of ours owned co-owned a sailboat with a friend for years.

It was ideal. He stated that the reason why it was so successful was because each party did 60 percent of the work.

I would not be inclined to go into a timeshare agreement on a sailboat or anything else for that matter.

audreyh1 07-17-2021 11:14 AM

Quote:

Originally Posted by Ready (Post 2634355)
We tried chartering a few boats over the past few months and every boat we ended up on was more than 20 years old and really worn out. It was not a great experience. So DH went searching for boats in the SailTime program and ultimately found one he really liked in San Pedro. We signed the contract and took the boat out for the first time yesterday.

The boat is a 41.1 foot 2019 Beneteau. Itís in almost brand new condition and seems really well appointed. Iím still unsure of how often we are going to want to sail, especially when the weather cools down. But DH decided that doing this was on his ďbucket listĒ so I reluctantly went along with it.

There are four other owners on the boat. The boat is owned and maintained by a Beneteau dealer so it seems to be well cared for. For the month of July there are only five days that were booked by other owners. In August there are two days reserved. Oddly, even the holidays are wide open. We booked it for Thanksgiving but Christmas and New Yearís are still available.

So weíll see how it works out, and itís only a one year commitment. But for now DH is happy, so I guess thatís all that matters.

Well thatís wonderful!

You all certainly pondered and investigated enough. Now you can move forward and enjoy it! Carpe diem!

Dtail 07-17-2021 11:20 AM

Our friends belong to a boat share club. Could be Freedom, but not sure.
I know it was a 3500 fee to join and then 200 monthly for a minimum of 4 outings. Not sure the maximum.
The boats are around 2-5 years old and in the 20's ft range.


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