Frequently Asked Questions: SailTime Powerboat Owner

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.

Does SailTime Power exists in all the locations listed on your website?

Not yet. SailTime Power is available in select markets at this time and will come on line in more markets over time. Please call us and we will provide you with the latest information on where SailTime Power is available.

How much do I get paid?

This depends on the boat size however our Owner-Member program is designed so that you will receive a monthly payment from SailTime's local base that will allow you to defray a considerable portion of the monthly expense.

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. This 5 year period is broken into a 3 year initial plan with two one year options.

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's local base

Who pays the marina fees?

SailTime's local base

Who pays the insurance?

SailTime's local base

Then, what are my monthly costs?

Significantly reduced!

What if the boat is damaged by another Member?

SailTime's local base will take care of it.

Can I see the Owner agreement?

Yes. Contact your 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 sail times per month plus unlimited as available use. This is usually much more than anyone sails on average. Plus, our proprietary 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? ?

At this time 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 assist you with a finding financing company who can fast track your application through. SailTime has partnered with several very qualified lenders.

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's local base insure's only qualified users are 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 and standards and policies.