Five creative ways to finance a Boat

MasonYates

Financial Advisor
Thread starter #1
If you’re considering owning a ship, here are 5 creative financing options.
Liveaboard:
If you live in a city or city wherein lease is high priced and liveaboard moorage is reasonably-priced, dwelling aboard is a brilliant way to finance your boat.
Put your boat to work:
If you’re willing to put in a bit of extra work, there are opportunities to generate side income from your boat. If you’re open to renting your boat out, you could list it with a peer to peer chartering company.
Arbitrage and boat flipping:
If you intend on performing some ocean sailing, you can simply pay for more than one years of travel, really via buying and selling boats inside the right markets. The potential for arbitrage exists when a sailboat can be sold or bought at different fees in the separate market
Boat percentage:
Boat sharing is a wonderful option if you’re the goal is to move sailing for a few weeks every season. It’s a variety of money and time going into an asset that gets used so every so often.
Get a loan:
Saving the least creative, however in all likelihood most sincere choice for last… a shipping loan is a choice than many sailors aren’t even privy to. If you're a house owner, you can faucet right into a home fairness loan. There are also plenty of agents focusing on marine lending. Do you have got every other innovative thought for a way to finance a ship?
 
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