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Fractional Ownership
Sample 1
Assumptions
4 owners
4 shares
30 year financing
| Sale Price | | | $ 942,500.00 | | Sales Tax | | | $ 70,687.50 | | Total Cost | | | $1,013,187.50 | | | | | | | Cost Per Share | | | $ 253,296.87 | | Yearly Maintenance Cost per/share | | | $ 13,119.68 |
| Yearly Maintenance Costs | | Moorage (54feet@10per/ft) | | | $ 6,480.00 | | Insurance | | | $ 7,250.00 | | Property Tax @ 1% of cost | | | $10,131.88 | | Boat Maintenance@ 3.95% of cost | | | $28,616.83 | | Total yearly expenses | | | $52,478.71 |
| Financed 30 Year | | | | | | | | | | Down Payment | | | $ 25,329.68 | | Amount Financed @ 7 % | | | $227,967.19 | | Monthly Payment for 30 years | | | $ 1,516.67 | | Monthly Expenses | | | $ 1,093.31 | | Total Monthly Payments | | | $ 2,609.98 | | | Cash Purchase | | First years buy in | | | $266,416,55 |
| Each additional year | | | $13,119.68 |
Each person gets 1 week per month
4 weeks are held out for maintenance
One week is considered 6 and ½ days
Leave Saturday morning and must be back by Friday at noon.
Or
Each person gets the boat for 6 weeks straight between April 1, and September 20 and 6 weeks between October 1 and March 20.
2 weeks are considered Saturday 7AM to Friday at 12 noon.
September 21 thru September 30 and March 21 thru March 30 are used for major repairs.
Sample 2
Assumptions
7 year ownership
Sell boat after 7 years
12 shares
Finance 7 years
| Sale Price of Boat | | $ 942,500.00 | | Sales Tax | | $ 70,687.50 | | Total Cost | | $1,013,187.50 | | Cost per/share | | $ 84,432.29 | | Yearly Maintenance per/share | | $ 4,373.23 |
| Yearly maintenance Breakdown | | | | Moorage ( 54feet@$10 per/ft | | $ 6,480.00 | | Insurance | | $ 7,250.00 | | Boat Maintenance @3.95% of cost | | $28,616.83 | | Property tax @1% | | $10,131.88 | | Total Yearly Expenses | | $52,478.71 |
| Down Payment | | $16,886.46 | | Amount Financed @ 7% | | $67,545.83 | | Monthly Payments | | $ 1,019.45 | | Monthly Expenses | | $ 364.44 | | Total Montly Paments for 7 years | | $1,383.89 | | | | | | Cash Price First years buy in | | $88,805.52 | | Each additional year | | $ 4,373.23 |
Each person gets 4 weeks per year 1 week per season
4 weeks are held out for maintenance
A week is considered 6 and ½ days
Leave Saturday morning and must be back by Friday at noon.
Or
Each person gets the boat for 2 weeks straight between April 1, and September 20 and 2 weeks between October 1 and March 20.
2 weeks are considered Saturday 7AM to Friday at 12 noon.
September 21 thru September 30 and March 21 thru March 30 are used for major repairs.
Return to partnership
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