Ownership
Benefits
PowerTime Ownership Vs. Traditional Ownership
The Difference
Better than traditional ownership
Our boat owners don’t see sharing their boat as a trade-off, but rather an enhancement. They still go boating as much as they normally would, and get the benefits of professional management and regular income on their investment.
We Take Care of the Dirty Work
When you buy a boat with PowerTime, you have a professional partner who will take care of your precious asset for you. You know your assumed expenses ahead of time and are not blindsided by the small nickel-and-dime costs that every boat owner knows all too well. We just handle that as part of our management.
The only stipulation is that you have to be willing to share. We take care of everything else. Many Owners tell us, we take care of their boat for them better than they would for themselves!
Consider the Benefits
With our PowerTime Ownership program, you are the sole owner of your boat so you receive the financial benefits without the headaches.
No Hassle Boating
Slip fees, insurance and maintenance costs are covered
Earn Income
Revenue for using your boat in the shared membership program
Full-Time Management
Professional yacht management so when you step on board it’s ready and waiting to go
Hands-On Training
PowerTime is dedicated to thoroughly training all members and owners, so they are experts before leaving the dock
Guaranteed Usage
Regular access with guaranteed monthly usage, plus unlimited last-minute reservations booked online 24/7
In Safe Hands
Unlike traditional club and charter, a limited number of highly trained Members will use your boat, so that they treat it like their own
Financing Available
PowerTime Marine Financing helps you get the best possible boat loan
Tax Benefits
Potential tax benefits are available
Ownership
Ownership
Does The Owner Pay? | PowerTime Ownership | Traditional Ownership |
|---|---|---|
Down Payment | 20% of boat cost | 20% of boat cost |
Boat Loan Payments | Yes | Yes |
Slip Fees | Yes, managed by PowerTime | Yes |
Insurance | Yes, managed by PowerTime | Yes |
Your Own Fuel Consumption | Yes, managed by PowerTime | Yes |
Scheduled Maintenance | No | Yes |
Topside Waxing | No | Yes |
Winterization/Haul Out | No | Yes |
Bottom Painting | No | Yes |
Winter Storage | Yes, managed by PowerTime | Yes |
Other Advantages | PowerTime Ownership | Traditional Ownership |
|---|---|---|
Full ownership of the boat | Yes | Yes |
Regular Checks to Help Pay Boat Loan | Yes | No |
Professional Boat Management | Yes | No |
Tax Advantages** | Yes | No |
Access to Crew Connection to Meet Other Boaters | Yes | No |
Access to Licensed Captains and Instructors | Yes | No |
Access to Boats Around the World | Yes | No |
** Seek the advice of your tax professional
POWERTIME FAQ
Questions regarding PowerTime boat ownership? Take a look at our our FAQs for more info or find out more about your next boat.