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Planning Examples

To understand the potential  value to the owner of this program, it is helpful review an example. The same analysis can then be applied to a yacht of your choice to see the results. This example assumes a Jeanneau 439 is purchased for $367K with 20$ down and a loan at 5% for 15 years. the yacht is put into charter service in Miami for 5 years under the Guaranteed Income Program.

Please refer to the following GUARANTEED INCOME 5YR PROJECTION EXAMPLE for complete details of this example.

Over the entire the 5 year program:

  • FYG pay all expenses for basic maintenance, insurance and dockage are zero$
  • FYG pays a monthly guaranteed lease fee  per month that has a total value of $92K over 5 years
  • The owner enjoys up to 12 weeks per year of usage that has a value over $58K/year or $292K over 5 years

AFTER 5 YEARS IN THE GUARANTEED INCOME PORGRAM, the owner has realized the following:

  • -$73K down payment, –
  • -$75K in principal repayments.
  • -$39K after tax interest expenses of $65K interest paid
  • -$217K pay-off of loan balance
  • +$91K guaranteed income  paid by FYG (value after tax)
  • +$292K value of owner usage
  • +$264 current value of yacht now owned 100%

The net position after 5 years  is +$243K.

FOR COMPARISON WITH SIMPLE PRIVATE OWNERSHIP: If the same yacht was purchased for private use only and not utilized in the Guaranteed Income Program, then the owner would realize the following over 10 years:

  • -$73K down payment, –
  • -$75K in principal repayments.
  • -$177K$ for all direct ownership expenses including after tax interest costs
  • -$217K pay-off of loan balance
  • +$292K charter savings plus
  • +$264K current value of the yacht

The net position is +14K$.

In summary, after 5 years in the Guaranteed Income Program, the owner is +$229K ahead versus simple private ownership over the same period!

The next step with projections for the prospective Guaranteed Income program participant is to select the yacht they would like to sail from the Guaranteed Income Yacht Offerings Portfolio and do the math. The yacht and the the math depend on the individual interests and objectives of the prospective participant. Florida Yacht Group can quickly provide projections of all of the above to meet your personal needs. To start this, please register for a web based meeting by going to our Registration page.

 

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