Moorings yacht management
 

Does anybody have any experience with this company? The plan is, you buy
a boat from them, they charter it out and maintain it and the proceeds
from this rental use pays for the boat and allows you a coupla months
use for yourself, plus some annual profit. Eventually, you own the boat
outright and can either continue the relationship for fun and profit or
sail away into the sunset. They advertise in Sail Magazine.
Thanks for any info.

Moorings yacht management
 

Back in the 80's they did the same thing with motor homes, don't know if
they still do.
They make a sale, they charge you a managament fee, they charge you for lots
of maintenance, if they ever rent it, they collect a percentage. You'll
probably have to pay more for insurance since it's being rented. If you want
to use it yourself, you have to plan ahead and give them notice. Doesn't
sound like a very good deal.
"Laura or Brian" wrote in message
...
Does anybody have any experience with this company? The plan is, you buy
a boat from them, they charter it out and maintain it and the proceeds
from this rental use pays for the boat and allows you a coupla months
use for yourself, plus some annual profit. Eventually, you own the boat
outright and can either continue the relationship for fun and profit or
sail away into the sunset. They advertise in Sail Magazine.
Thanks for any info.

Moorings yacht management
 

On Sun, 28 Mar 2004 22:24:32 -0500, Laura or Brian
wrote:

Does anybody have any experience with this company? The plan is, you buy
a boat from them, they charter it out and maintain it and the proceeds
from this rental use pays for the boat and allows you a coupla months
use for yourself, plus some annual profit. Eventually, you own the boat
outright and can either continue the relationship for fun and profit or
sail away into the sunset. They advertise in Sail Magazine.
Thanks for any info.

Don't do it - it's a money hole into which you will keep pouring well
beyond the original cost you might have paid outright or after
financing. Soundings Magazine did an article on these companies, both
"time share" and "out leased" which this is and the gist of the
article was that it's not a good idea - end of discussion.

It sounds good, but the management "fees", maintenance costs,
slippage, etc are astronomical and non-negotiable. Remember the old
adage, if it sounds good, check for leaks? This one leaks like a
sieve.

Later,

Tom