Yarmouth Boat Share allows you to part-own a brand new rib and have it fully maintained, at a fraction of the cost of purchasing a second hand RIB with the associated on-cost. The scheme allows you to turn up to Yarmouth Harbour at your allotted week and drive the RIB away:
No fuss, no hassle, no cleaning, no repairs, no fueling… just TURN UP and GO!
The Yarmouth Boat Share includes training for 1 person and a reduced training fee is available for family members.
We are offering a special price on the management fee of £2,100 pa (£175pm) representing almost a 25 % discount for the first 4 people that sign up!
The boat is owned by 4 shareholders and you are entitled to 13 weeks usage pa, ie 1 week in 4! We offer flexibility for you to swap your designated week with another shareholder, subject to their consent.
The management agreement expires after 3 years after which the RIB will be sold and the net proceeds shared between the shareholders, to allow re-investment in a new RIB or cash out.
COST COMPARISON: SHARE OR BUY?
We have shown below the comparative costs of owning a boat share versus buying an 8 year old second hand boat outright, to help you work out which is the right buying decision for you.
|ESTIMATED ANNUAL COSTS*||BUY: 6m second hand RIB – 8yrs||SHARE: 6.5m Brand New BRIG|
|Walk ashore mooring||£2,500||✓|
|Management fee (per annum)||–||£2,700|
|TOTAL Year 1 cost||£18,450||£14,700|
|Total annual cost||£3,450||£2,700|
*The price excludes:
• Insurance excess of £500
• Out of Warranty repairs (ie bilge pump, general wear and tear, prop)
• Fuel used: which will be recharged to you on a monthly basis.