FRACTIONAL YACHT OWNERSHIP vs SOLE OWNERSHIP

Smith owns a 64’, 4 stateroom yacht that cost him $1,200,000 when it was brand new. The yacht is docked at a marina near Smith’s home and he has a part-time maintenance man that checks the yacht twice a week. Smith uses the yacht on occasional weekends to take short trips with his friends and family. The yacht is now five years old and requires some major mechanical and cosmetic work.

anchorSmith is thinking about selling his yacht and purchasing outright a 5% interest in a 4 stateroom fractional yacht for $89,980. Smith likes the idea of owning a luxury yacht complete with warranties, competent management, and a professional crew. He also resents being tied to the helm while his guests enjoy themselves on his yacht. To compare the two options he creates the following table:

The total five-year cost advantage of purchasing a Saveene share compared to sole ownership can be as high as $1,236,396 despite the purchase of a smaller yacht and shorter trips close to home with sole ownership*

COST & BENEFITS  SOLE OWNERSHIPHis Current 64′ Yacht SAVEENE FRACTIONAL New Saveene 64′ Yacht
Up-Front Investment $1,200,000 $89,980
Annual Expenses $18,363* $9,540**
The Yacht and Amenities 64’ motor cruiser with 4 staterooms 64’ motor yacht with 4 staterooms, top deck, and tender
Crew Smith (Family/Friends or hired help) Includes captain & first mate
Location Short trips near his home Caribbean, Mediterranean, Northeast US, Southeast US
Management Smith (whenever he has time) Independent professional management by Saveene
*Excludes docking fees and utilty fees
**Includes docking fees and utlity fees

FRACTIONAL OWNERSHIP PRIVILEGES

Whether you have always dreamed of owning a yacht or simply want to have the ultimate luxury experience at your fingertips, Saveene is the solution.

Your Saveene Share entitles you to all of the joys of owning a yacht with the added benefit of fixed running and maintenance costs.

Saveene fractional yacht owners enjoy complete personalization of their yacht from linens to photos and favorite provisions. Own as many shares as you wish. Get access to one or all fully crewed yachts, depending on the program you choose. Unspent hours can be rolled over. You can also receive massive evergreen discounts. Not only is your yacht fully crewed but it includes your very own concierge service.

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May 2019

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