“The Florida Yacht Group Lease-Purchase partner program exclusively offers a unique boat lease program for the committed yachtsman who is not quite ready to cast-off full-time.”
The Florida Yacht Group Lease-Purchase partner program exclusively offers a unique boat lease program for the committed yachtsman who is not quite ready to cast-off full-time. This program lets you choose a yacht, use it worry-free while you're planning your full-time sailing adventure, then sail it away OR simply change your mind. Simply put, This program can:
The program requires a single initial payment of 65% of the yacht's total cost price by the LP partner. FYG then provides you the following:
To the extent that the yacht is used for business purposes during the first five years, the lease portion of the initial single payment may be tax deductible. The initial single payment is structured from a financial standpoint to consist of a 30% lease payment (i.e effectively "6% per year") plus a 35% loan to FYG that must be repaid with interest to the LP partner if the full ownership option after the in initial 5 years lease is not selected.
Yachts in the Lease-Purchase Partner Program are normally located at one of Florida Yacht Group's easy to reach charter bases in Florida or the Bahamas, but alternative base locations may be considered.
The prospective LP Partner can simply choose any yacht from our Lease-Purchase Partner Portfolio or propose an alternate that might better future plans.
Choose from a yacht for this program from our available Lease Purchase Partner Program YACHT OFFERINGS.
Locate your yacht at one of the Florida Yacht Group CHARTER BASES in Miami, Key West, St. Petersburg, Palm Beach, and Marsh Harbor (relocation possible)
Lease Purchase Partners enjoy up to 12 weeks per year of usage during the 5 year lease period before taking full ownership. Please refer to our Lease Purchase Partner Program OWNER USAGE POLICY AND PROCEDURES.
Financing using the yacht as collateral is not available due to the nature of this program. However, the Florida Yacht Group can assist you with alternative ideas depending on your personal financial situation.
Florida Yacht Group provides economical insurance for the coverage of a yacht in charter service.Please refer to our FLEET INSURANCE POLICY AND PROCEDURES page for details.
To enjoy the benefits of this program, it is necessary to lease a new yacht ready for charter service and put it into a charter fleet with a reliable management program. Please refer to our Lease Purchase Partner Program LEASE AND CHARTER MANAGEMENT .
Florida Yacht Group service department carefully follows well-defined procedures for commissioning and acquainting the owner with a new yacht. Please refer to NEW YACHT COMMISSIONING AND DELIVERY page.
Florida Yacht Group's Chartering operations team has procedures to screen charter customers to ensure that yachts in our care are always in competent hands. Please refer to our CHARTERING POLICY AND PROCEDURES.
Florida Yacht Group's Service Department ensures that yachts receive meticulous attention throughout their time charter service. Please refer to our CHARTER YACHT MAINTENANCE POLICY AND PROCEDURES
To better understand the costs and options offered by this program, please refer to our
Lease Purchase Partner Program PLANNING EXAMPLE page for a discussion of anticipated cash flow and example projections
After 5 years your yacht exits the program and you eith take full ownership or receive a repaymetn of 35%+ interest of the original value. Please refer to our Lease Purchase Partner Program EXIT OPTIONS page.
To the extent that you use your leased yacht for for business purposes or earn charter income, you may be entitled to tax benefits. Please see our Lease Purchase Partner Program TAX INFORMATION page.
You may find answers to the most common questions about this program on our Lease Purchase Partner Program FREQUENTLY ASKED QUESTIONS (FAQ) page.