CHARTER OWNERSHIP 101
If you have ever dreamed of owning a yacht, but found it hard to justify the cost; then consider the advantages of Florida Yacht's innovative Yacht Charter Ownership Program. This program has assisted many boat owners in making their dreams come true. While our clients have different goals, Florida Yacht's charter ownership program offers the ultimate in flexibility, and can be customized to fit your particular needs. There are many good reasons for considering Florida Yachts charter ownership program.
Is it right for you?
To determine if it's right for you, ask yourself the following questions: Would you like to have your boat berthed in one of the most desirable cruising grounds in the world, yet one which is also conveniently located? Would you like to earn charter income to defray or even exceed the operating expense? Would you like to have your boat professionally maintained? Would you like to own a larger yacht than you might otherwise be able to afford? Would you like unrestricted use of your boat? Is your free time limited, so that you may only use your boat on an occasional basis? Do you like the idea of charter ownership, but don't want to be locked in for a long-term contract? Would you like to get boat ownership tax benefits, including a sales tax exemption on the purchase price? Would you like an investment the whole family can enjoy, now and for years to come? See how our Yacht Charter Ownership Program can take the hassle, (not the fun!), out of yacht ownership.
We go the distance
Florida Yacht accepts only quality power boats and sailing yachts into our charter fleet - yachts especially built and outfitted for chartering so they maintain their value through the years. Florida Yacht extends that value by keeping our new boat pricing competitive. We do not inflate the purchase price for charter fleet placement like some companies do. We offer affordable financing and insurance programs, along with reliable service. Your new yacht will be fully commissioned and launched by our service department, which will be happy to handle any warranty paperwork or equipment modifications you may desire. All yachts are backed by transferable "Best in the Industry" warranties, have low maintenance requirements and are fun and easy to handle - ideal qualities for a popular charter yacht.
Earn charter income
And popular is what your yacht will be. Your yacht will be aggressively marketed by our staff at boat shows, through a network of international charter brokers and in national boating magazines, at no expense to you. Constant, well-targeted advertising and a choice of spectacular locations assures that your yacht will be in high demand.
No restrictions on owner use
Yet she's yours when you want to sail her! Unlike some charter management programs that place numerous restrictions on owner use, we never forget whose boat it is. You may use your yacht anytime, any day of the year, for as long as you want - no strings attached. And you'll love exploring the crystal clear waters of the Florida Keys or exotic ports of the nearby Bahamas. (To maximize charter revenues it's advisable to make the yacht available to charter during the high season and holidays if possible).
One of the integral features of FYC's ownership program is that your yacht will receive excellent care. Our service technicians are especially diligent in maintaining your yacht. Before and after each charter, your yacht is thoroughly inspected (including an underwater dive inspection) and cleaned, at no charge to the owner. Reasonable routine maintenance, (time and materials) are clearly itemized using a computerized work order system and deducted from the monthly charter income. A schedule of engine service, oil changes and other routine maintenance is logged and Owners are consulted on any additional maintenance items as they arise. Items lost or damaged by charter guests are replaced or repaired at no cost to owners
Flexible one-year contract
Our Charter Management Contract is straight-forward and easy to understand. It is flexible and can be renewed annually for up to five years. That means if next year you want to take that long cruise in the islands, no problem! If you want to take your boat "north" for the summer, no problem! We have several fleet locations and you may try another location each year. And if, in a few years, you decide to sell your boat, our experienced yacht brokerage staff will be happy to list it for you, or take it in trade on your next new boat!
We have a simple, clear business relationship with each of our owners. We do not try to cleverly disguise the expenses of yacht ownership, such as insurance and maintenance by inflating the purchase price of your yacht, requiring a huge down payment or increasing the management fees. We split the net charter revenue 50\50 with each owner, which is our primary source of income. FYC pays for all advertising; administration; accounting; cleaning and inventorying of the yacht; charter check-outs/orientation; in addition to providing year-round staff and office facilities at each charter base. The owner pays for dockage, insurance and routine maintenance, which may become tax deductible depending on your personal financial situation.
Free sailing certification
When you purchase a new yacht for placement in our charter fleet, we'll teach you to sail her or help you improve your sailing skills so you get the most enjoyment from your time on board (and a nationally recognized sailing certificate). Charter yacht owners are invited to attend Florida Yacht's Adventure Sailing School, certified by the American Sailing Association and voted "The Best Sail Training Center in the Southeast." Our U.S. Coast Guard licensed and ASA qualified instructors teach students aboard the boats in our charter fleet. Many of these students later charter the boats they learned on. That means extra income to you and better-qualified charter guests!
Choice of fleet locations
It's hard to imagine a more desirable cruising grounds than the Florida Keys and Bahamas. Where else can one find palm-fringed beaches; turquoise waters; romantic moonlit anchorage's and first class marina facilities; all so close to home, yet so far from the hectic pace of modern civilization? Florida Yacht offers a choice of three spectacular fleet locations: Miami Beach, Key West and Abacos, Bahamas.
SMART YACHT OWNERSHIP
Learn the secret to living your dream!
It is not impossible or too good to be true and here is why:
As gratifying as yacht ownership is, it tends to cost more than most people originally budget for and that is why charter management is a good option to reducing ownership costs. With the new tax laws currently in effect you will find that those costs can be even further reduced. You could own your yacht in about 25% of the time at about 25% of the cost that could form part of your retirement plan.
Florida Yacht Group has developed a Yacht Ownership Programs that will dramatically reduce the costs by simply taking advantage of the current tax laws.
You can legitimately divert some of the taxes that you're already paying to create equity in your new yacht. Buying a new yacht and placing it in charter service is an effective business tool provided the business is set up correctly and the operation structured to qualify for the tax benefits and remain in compliance going forward. All the experts agree that 2011 may be the best year ever to buy a yacht.
In an effort to stimulate the economy, the U.S. Congress enacted The 2010 Tax Relief Act, which benefits businesses by increasing the 50-percent bonus depreciation deduction available previously to a 100-percent deduction for qualified investments made before January 1, 2012.
What does this mean for you? This is the perfect opportunity for anyone looking to buy a new yacht at a huge discount - the entire cost of a new yacht can be depreciated this year, and allows you to reach back and recover taxes paid in 2010, you can apply the deduction this year or carry it forward to 2012!
Congress has repeatedly increased the Sec. 179 deduction and investment limits to encourage spending by businesses. For tax years beginning in 2010 and 2011, the 2010 Small Business Jobs Act increased the Code Sec. 179 deduction and investment limits to $500,000 and $2 million, respectively. As a result, businesses are now allowed to expense the purchase of up to $500,000 in new and used assets placed in service during the tax year.
Florida Yacht Group’s team of specialists include recognized experts in this field, and we have the most complete program available to make it possible for you to qualify your yacht purchase to be eligible for this program:
- We will work with you and your tax professional to qualify your yacht as a business to legitimately take advantage of tax deductions available to you.
- Although Congress and the President are encouraging taxpayers to invest in new property purchases under these incentive provisions one should exercise care to ensure the deductions will stand scrutiny. Florida Yacht Group’s experts together with your personal tax advisor will put your business on the right track from the outset.
- Although the acquisition of a new yacht may be an effective business tool, the tax benefits must be carefully planned, documented, and implemented and Florida Yacht Group will assist you every step of the way.
- Florida Yacht Group are dealers for some of the top brands in the world and we offer the added luxury of making it possible for you to place your new yacht into service at one of our four Florida yacht charter bases in:
- Coconut Grove, Miami, Florida
- Key West, Florida
- St. Petersburg, Florida
- Marsh Harbour, Abaco, Bahamas
If you are a US tax payer – and enjoy sailing and yachting – this program will work for you:
- Florida Yacht Group actively seeks innovative ways to help make yacht ownership more efficient, affordable and enjoyable.
- When you set your yacht up as a business you qualify for tax advantages that can offset your ordinary income, we'll show you what they are and how they work.
- We will discuss and plan your exit strategy and also options to upgrade to a bigger yacht.
- Make your yacht part of your retirement plan – own your yacht outright at a fraction of the price in a fraction of the time.
- We will explain what a charter management plan is and why the yacht as a business plan will work for you.
- You can have the yacht of your choice, placed in any of our charter bases.
Fractional Ownership Program allows you to purchase or lease a luxury yacht for only a fraction of the cost!
FlexTime is the ideal solution for yachtsmen who want to continue enjoying ownership but desire less responsibility, or for those who want to move up in yacht size but don't want the hassles and expense of traditional ownership.
Owning a luxury yacht becomes more affordable and enjoyable - because we handle all the maintenance, cleaning, and yacht management for you.
The fractional ownership concept used by FlexTime allows you to own a luxury cruising yacht at a fraction of its cost and to enjoy the pleasure of using it without any worries about its upkeep. One primary advantage is that we already operate out of five locations throughout Florida and the Caribbean. Our organization is already in place and adding your vessel to manage does not require additional staff.
Many yacht owners are surprised by the amount of time and money it takes to look after and maintain their yacht; the responsibility and commitment of full yacht ownership can be overwhelming.
Plan your escapE to Hassle-Free Yachting for as low as $3,100 per season!
- Brand new yachts
- Unlimited usage *
- Switch yachts
- The best locations
- Switch plans from local to vacation and back
- Additional charter income used to offset fees
- When yacht sold receive ownership % of net sale price
- Have more fun and less work time
- Professional management & maintenance
- Proprietary online scheduling for ease of use
- Liability & asset protection
- Depreciation and tax benefits passed on to owner
When people are thinking about buying a yacht, their dreams are always the same. They see themselves at the helm, sailing crystal clear waters with their family and friends, drinking cool cocktails as the sun sets over another beautiful bay or walking along a moonlit ribbon of sand on an exotic island. What is not considered, is who will clean the boat, cook the food, make the beds, put fuel in the tanks, maintain the engine, check the generator and keep all the systems up and running!
With TradeWinds Fractionals, you can now enjoy the pleasures of a luxury yachting lifestyle at only a fraction of the cost, and a fraction of the commitment! You get all the freedom that comes with owning a yacht, without the problems that ownership often brings.
With TradeWinds Fractionals, you do the dreaming, we do the work!
So what is unique about TradeWinds as a provider of Fractional Ownership?
- The people who started the business 12 years ago are the same people who run the business today.
- We only use our own fully trained and experienced crews, maintenance staff, operations staff and reservations team, all of whom are fully committed to giving our guests the service and the quality that they deserve.
- We have cruised the beautiful waters of the Caribbean for over a decade, ensuring you get the best out of your cruising experience.
- We are committed to service, quality and fun, to ensure our guests the best experience of their lives! All you have to do is arrive, climb on board, have a wonderful vacation and leave the rest to us.
- We provide you with your own Personal Concierge Service.
- We offer you flexibility of choice in cruising destinations, within the group network.
Your yacht is a custom built Fountaine-Pajot TradeWinds 59 catamaran, especially designed by naval architects Berret-Racoupeau, with your comfort in mind, and it will be available for cruising in the Caribbean in early 2012. There is a beautiful luxurious master suite for you, the owner, and three double cabins for your guests – all with island beds and private en-suite bathrooms. Your yacht is fully air conditioned, with a spacious custom designed interior.
A comfortable saloon and open plan dining area comes fully equipped for you and your guests. Sumptious sofas on the upper deck create the perfect setting for cocktails in a tranquil bay where you can just chill out and watch the world go by.
If you are feeling energetic, there are lots of toys to play with including full dive gear, snorkels and fins for the less adventurous, and kayaks for those who want to explore!
Everything you need for a fun and relaxing sailing experience is here for you.