How
many people own the boat?
You will be the sole owner of the boat and have
all the benefits of
ownership without all the costs.
How
much do I get paid?
This depends on the boat size, however our Owner-Member
program
is designed so that you will receive more than the
monthly mortgage
payment making your net costs per month zero.
Are
there any tax advantages?
Typically, there are very advantageous tax advantages.
Please
investigate these with your CPA so that you can receive
maximum
benefit.
How long will SailTime keep
my boat?
SailTime will professionally manage your boat and
take care of all
costs for 5 years while you enjoy virtually as much
usage as you want.
Can
I remove my boat from the program?
Yes, with 9 months notice, you can remove your boat
from the program.
Who
maintains the boat?
SailTime
Who
pays the marina fees?
SailTime
Who
pays the insurance?
SailTime
Then,
what are my monthly costs?
None
What
if the boat is damaged by another Member?
SailTime will take care of it.
Can
I see the contract?
Yes. Visit www.sailtime.com
to contact you local SailTime base.
What
are the specifications of my boat?
The SailTime power fleet
consists of impressive, best of breed powerboats,
each extensively outfitted with state of the art instruments,
air conditioning, bow thruster, electric generator,
swim platform and many other added features to provide
an exciting and enjoyable boating experience.
Do
I get special scheduling privileges?
Similar to a Member, you
are guaranteed a minimum of 7 sail times
per month plus unlimited as available use. This is
usually much more
than anyone sails on average. Plus, our proprietary
bi-monthly
scheduling software allows you to schedule your boat
for an entire
week so that as best as possible, you feel like you
have full and
complete access to your boat.
Can
I put my existing boat into the program?
We only put new boats into our program. This gives
a consistent
and excellent experience to all our Members worldwide.
What
manufacturers do you work with?
Visit our website to see
our impressive line up of manufacturer partners. We
only add a partner when we know the manufacturer is
committed to providing a quality experience to SailTime
Members
and Owner-Members.
How
do you handle irresponsible people on my boat?
The Membership Agreement
provides for the removal of Members
who abuse SailTime’s policies.
What
is the down payment?
Typically you will put down 20% of the sales price.
Who
arranges financing?
SailTime can provide you with a financing company
who can fast track
your application through.
Can
I meet the Members using my boat?
Each SailTime base holds frequent social gatherings
for Members.
You’re welcome to join in.
How
can I be sure my boat will be treated properly?
SailTime maintains an exclusive Membership of only
7 others on
your boat. Additionally, each SailTime Member must
sign a care
commitment document, which ensures that they treat
the boat as if
they own it. This minimizes the number of people using
your boat and
ensures that each Member is familiar with your boat’s
operation.
What
is my equity position at the end of the SailTime
commitment to me and what are my options?
The 20% down payment ensures that you will stay ahead
of the
depreciation curve so that you will maintain positive
equity. At the
end of the five year commitment, you may take the
boat for your
personal use, refinance to lower the payments, upgrade
to a new boat
and re-enter into the program, or sell your boat and
get money back
from your positive equity. All these options leave
you with a very
inexpensive and quality SailTime power experience.
How
do I get started?
You must first join SailTime as a Member for three
months. This allows you to develop a relationship
with the local SailTime base manager so that you can
both feel comfortable that this is the right decision
for you.
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