|
Who is the legal owner of the boat?
The Owner Member is the indirect owner of the vessel, however the boat is purchased by a Limited Liability Corporation which is established for this purpose and owned solely by the owner member.
top
Why does American Yacht Share return ½ of the down payment to its Owner Members at the end of the Lease Back?
This helps Owner Members with their end-of-lease expenses. Some might want to upgrade equipment, help pay down their loan, or use it as buying power on an upgrade to a newer boat. Either way, the money is yours to do as you wish.
top
As an Owner Member, will I be able to choose the financing terms and use my bank?
The terms are always 10 years and 20% down, of which ½ is refunded by the program at the end of the three-year term.
top
Under what name will the boat be registered?
The boat will be registered as a Limited Liability Corporation with the Owner Member holding 100% of the shares.
top
As an Owner Member, can I sell my boat during the three-year Lease Back?
Once your boat has been introduced into the lease back program it is typically not possible to sell it, however is some circumstances special arrangements can be made as long as the new owner personally signs and accepts the terms of your agreement.
top
As an Owner Member, does the boat have any warranties left at the end of the Lease Back?
Yes, in many situation due to our partnerships with major boat manufacturers, we are able to provide a “Certified Pre-Owned” status at the end of your Lease Back. This is a 12-month manufacturers warranty, which is fully transferable. You may use it as a selling point after the end of the three-year program or just piece of mind knowing that you are backed by the best manufacturers warranty in the business.
top
As an Owner Member, how much do I have to pay during my three-year Lease Back?
All you pay is the 20% down payment (of which ½ is refunded back to you at the end of the three-year Lease Back). We pay your note to the bank for three years and ALL expenses except for provisioning and fuel – you do not have to pay any monthly fees.
top
What perks do I get as an Owner Member?
You receive cost free boating for three full years, and benefit from the professional management of your yacht. At the end of the term, you receive half your down payment back, and in many cases you will receive a 12 month manufacturers certified warranty.
top
|
