SailTime vs Charter vs Ownership

Published by Rob Lawnsby on Thursday, 1st January 2015 - 8:19PM

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SailTime is for folks who want to sail a day or two at a time over a six month season. They get familiar with it, comfortable docking and sailing around Narragansett Bay a day or two at a time. They might come with poor or rusty skills, and have us not only bring their skills up (especially docking); plus provide advice and help all season long. By the end of the season they have a solid body of experience with the boat, and can then make an intelligent decision about what boating formula makes the most sense for them. Cost is $8400 for 42 sailtimes or $400 for a 24 hour period.

Charter is for folks who want concentrated sailing for just a week or so each season. These people already have the experience to be able to jump in a boat and go. Cost for a week’s charter for a 35 foot boat is about $2800 or $400 for a 24 hour period.

Boat Ownership allows unlimited use of the boat, but only makes financial sense if you use the boat quite a bit. The more you use it the cheaper it is each time you sail. But the costs will be considerable. First you must buy the boat, then you can figure $7000/year for the slip, insurance, and winter storage on a 35’ boat. Depending on the age of the boat there will be either significant time on your part or significant expense to keep up with it. $10,000 a year is not unusual; plus the cost of the boat. That said, there is no better feeling than coming down to your own boat and sliding into the familiar cabin!

There is a variation of boat ownership where you buy a vessel and put it into a charter fleet. You would still get to use it a fair amount, but most of the annual expenses and boat management would be paid for with the charter revenue. Or buy a new Hunter and put it into SailTime and have ALL your boat expenses taken care of! We would be happy to go into detail with you about that.


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