Boat Equity In Tasmania
Boat Sales Tasmania is pleased to announce they have partnered with Boat Equity, the most sophisticated boat syndication program in the country. New to Tasmania, Boat Equity provides you with a safe, user-friendly, low cost alternative to whole boat ownership. You own a share in the boat of your dreams for a fraction of the total cost.
Boat syndication makes perfect sense in so many ways. Paul Nanscawen, Principal of Boat Sales Tasmania explains, “A buyer with a limited budget might be constrained to purchase a small, old, less suitable vessel that can only be used a small portion of the year. Through syndication, the same buyer can purchase a share in their dream boat for the same investment and still spend the same number of days on the water and they only pay a fraction of the on-going costs associated with boat ownership.” Boat syndication systems are not a new concept, however the Boat Equity program sets the benchmark in simplicity, safeguards and useability. Boat Equity is underpinned by a solid ownership agreement and set of rules that really differentiates it from all other systems. “Share owners also have access to the Boat Equity online booking calendar making it incredibly easy to own and operate their share of a boat” said Mr Nanscawen. Boat Equity provides owners with complete autonomy over the management of their vessel. Other managed syndication schemes tend to charge well over market price for a share in the vessel and on top of that the owner is obliged to subscribe to huge on-going management fees. Shares through the Boat Equity system are based on current market values and should the need arise an owner can sell their share at any time.
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Boat Equity is not just for buyers, sellers of boats can benefit also. Mr Nanscawen said, “Boat owners can unlock capital tied up in a vessel by simply selling shares in their boat. They will still have access to their beloved vessel but with greatly reduced on-going costs. The system also opens up an entirely new market for sellers whether they want to retain ownership of a share or sell their boat entirely. A boat worth $400,000 might only attract a handful of buyers whereas $100,000 for a ¼ share will attract many more buyers”. The system is also available to existing syndicates who would like to formalise their arrangement.
For more information about Boat Equity, visit www.boatequity.com.au or contact Boat Sales Tasmania.