Choose the yachts that might interest you from our Guaranteed Income Program offerings portfolio
Think about how you would use the yacht (short sails, longer trips) and where you’d like it based; how much time would you need to accomplish your annual objectives using the available 12 weeks
Contact FYG to arrange a hosted visit to either one of our charter bases or another location to take a first hand look at the yacht that interests you.
Think about the features and options you would like included in your yacht of interest
Contact FYG to:
Discuss your needs and obtain a price
Understand all the rules associated with your 12 weeks usage during the first 5 years
If necessary, discuss financing with FYG and its recommended financing company representatives; then, obtain tour pre-approval for financing
Get all the details spelled out in writing and advance by requesting the Guaranteed Income Program Yacht purchase agreement and the Yacht Management Contract.
Determine the best way to pay. Conventional purchase financing with the yacht as collateral is the most common approach; however, there maybe other, tax-friendly alternatives you can use for financing if necessary.
If you are happy with the purchase agreement, lock-in the best pricing by making a small refundable deposit (typically $10K) that is contingent on financing
Apply for financing, and confirm your purchase with FYG when financing is approved
The yacht will be ordered if it is not in stock; delivery is typically 3-6 months
When the yacht is delivered, closing will take place and the yacht will be commissioned
Complete the sea trial and check-off completion of commissioning items
Sign-off the Yacht Management agreement and locate your new yacht in its chosen charter fleet