The practicalities of owning a yacht may be somewhat daunting when you consider the initial purchase price of the yacht, the ongoing costs for mooring fees, insurance and maintenance, the amount of time spent on taking care of the yacht rather than sailing it, and what to do with the yacht when you are not using it! But you do not need to worry about these considerations when you invest in a yacht under yacht charter management, or “buy-to-charter”. Under such agreements, you own a yacht, 100% at the outset or over time, and a charter company is responsible for ongoing costs, taking care of the yacht and chartering it. In addition to sailing your own yacht, you benefit financially from the investment.
SAIL AEGEAN offers you the opportunity to invest in a brand new JEANNEAU/BENETEAU sailing yacht or LAGOON catamaran, and to profit from its expertise in yacht management to generate a healthy return on your investment. SAIL AEGEAN works to ensure that your yacht is booked for the charter season so that the agreed financial goals are met, while giving you the possibility to enjoy the yacht privately, without the management burden or expense. All costs, such as yacht insurance, mooring fees, winterization, maintenance and repairs during the management period, will be covered entirely by SAIL AEGEAN.
An additional advantage with “buy-to-charter” is that the purchase price of a new yacht for charter is exempt from the value added tax (VAT) in Greece, currently 24%. Payment of VAT is only due if/ when the yacht is no longer used for charter but only used privately instead. In other words, the total price of a yacht bought for charter in Greece is less than the total price of the same yacht bought exclusively for private use.
Moreover, the unique and impressive characteristics of SAIL AEGEAN’s sailing region reinforce the potential for your yacht to be chartered successfully and guarantee you a good return. Many of SAIL AEGEAN’s clients fall in love with the region and return again and again. These characteristics include:
SAIL AEGEAN operates three yacht investment programmes:
The investor pays the full purchase price of the yacht at the outset and receives an annual income through returns generated from chartering the yacht.
The investor pays 60% of the purchase price of the yacht at the outset and receives an annual income and repays the loan from SAIL AEGEAN through returns generated from chartering the yacht.
The investor pays 35% of the purchase price of the yacht at the outset and repays the loan from SAIL AEGEAN through returns generated from chartering the yacht.
The purchase price includes the yacht and its factory equipment, full charter inventory, commissioning and delivery to SAIL AEGEAN’s main charter base in Volos, Greece. The equipment and inventory of the yacht will be comprehensive and provide the best possible charter conditions, and will be discussed with the investor before the yacht is ordered. They will notably include optimal cabin layout and heads, navigational equipment (chart-plotter, autopilot, electronic wind instruments, etc.), bimini and spray-hood and safety equipment required under Greek maritime law, as well as all other items needed to charter the yacht, such as kitchen equipment, towels and linen, etc.
Once you have full ownership of the yacht, either after 6 years or after the loan has been repaid, you have the option to (a) extend the yacht charter management by SAIL AEGEAN (b) sell the yacht through our brokerage network (or privately) or trade in the yacht for the purchase of a new charter yacht or (c) keep the yacht and sail away. If you decide to keep the yacht and no longer want SAIL AEGEAN’s services at the end of a programme, your yacht will be de-branded and returned to you in full working order.
Throughout the yacht management period, owners can enjoy sailing their own yacht under all three investment programmes as follows:
Up to 7 weeks of sailing will be made available to owners by SAIL AEGEAN at short notice.
The only costs to be covered by owners during their private use of their yacht are end cleaning, check-in/out fees and fuel consumption, plus skipper and security deposit insurance, if required.
Before making any decisions, you may wish to familiarize yourself better with SAIL AEGEAN and its yacht charter operations. Consequently, SAIL AEGEAN would be happy to offer you a substantial discount on a test charter for you to experience a sailing holiday in its region and learn more about the charter procedures and SAIL AEGEAN’s two bases: Volos port and Loutraki harbour (Skopelos island).