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Has anyone done a fractional ownership on a yacht? I've never owned a boat before but always wanted to. I came across fractional ownership/lease program while I was doing some reserch online and wanted to see if anyone had any experience with it. BTW, pinnacleyachts.com is the company I'm going to check out this week. TIA
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Looked at the idea some time ago and rejected it. It's just like fractional jet ownership, but not as developed. Lots of flaky, fly-by-night operations, IMO. Cheaper to outright charter, too, unless you're using the boat more than a certain number of days. That breakeven analysis varies by vessel, fees and operator.
I felt the same way about some companies I came across as well. They were mostly managed by franchise owners. Since I have no idea about boat ownership, I thought this would be a good way to get my feet wet. Charter sounds good too, I'll have to look into that. Thanks CW for your input.
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