Ownership Plan Option


Ultimate has a program to offer owners of new or almost new boats the opportunity to enjoy the many benefits of membership while also enabling the member to continue owning their asset. Approved boat owners may put their boat into our fleet for the season and Ultimate will cover all expenses, maintenance, insurance, storage, slip cost, etc and provide the owner with income that will likely offset the annual loan payments.  In the example below, we take your annual cost of ownership from $13,027 to $607.  Now that's an option worth exploring!

This program enables owners to take their costly asset and turn it into a cash flow neutral asset while continuing to enjoy a hassle free boating experience. Boats are contributed for a single season, at which point both Ultimate and the owner will jointly determine if the vessel will remain in the program.

Below is a sample of the benefits of this plan for owners of comparable boats versus our Boat Club fleet. If you are interested in information regarding Owner Member programs for the Cruiser or Yacht Clubs, please contact us at 203-894-9661.


 

 

Ownership

Ultimate Owner Member

Boat Loan Payment  $48,000, 15 yr, 8%

$5,607

$5,607

Owner Revenue from Ultimate

$0

$5,000

Spring/Fall Service

$1,300

$0

Winter Storage

$1,250

$0

Slip Rental - 24ft at $130/ft

$3,120

$0

Wash/Wax

$300

$0

Repairs

$300

$0

Insurance

$1,000

$0

Misc equip such as life vests, GPS, flares

$150

$0

Ultimate Membership

$0

$0

Annual Cost

$13,027

$607

Assumes 20% down on $60,000 Boat

 

 

 

 
   
Home | About Us | Club Concepts | Membership Plans | Boat Club | Cruiser Club | Yacht Club |
The Ultimate Fleet | Ownership Plan Options | Ownership Comparison | Locations | Contact Us | Club FAQ's