The Moorings Ownership Program

[Chris]

I'm looking at investing in The Moorings Ownership Program and am seeking any positive/negative experiences with this program. Looking at the numbers, quality of boat offered and the opportunity to sail in other locations, to me it's a no-brainer. I know of individuals who are invested (more than one boat) in the program and they have nothing but positives to say. I'm just looking for a broader spectrum of experiences to assist me with my decision.

 

[Joe]

Depends on your goals

The answer to your question is tied to your objective. If your objective is to enjoy sailing in a number of locations with some fequency, it is not a bad deal. If you are looking for a way to have someone pay for your boat, think carefully about the condition you will find "your" boat at the end of the timeshare period. If you are looking to make money (positive cash flow), ask the question that has appeared on this site many times. If these boats consistently generate positive cash flow, why don't the charter companies own boats? I am a Moorings fan, but think there are a lot of better ways to make money or end up with a boat that you would want after the charter life cycle. If you have the time and resources to travel around the world on sister boats, go for it!

 

[h2opuppy]

Depends upon your time and money

You referred to being able to sail in other locations. That is a great dream - it sounds fantastic. You are considering spending a lot of money, so look at this away from the pretty brochures.Honestly evaluate how often, during the time frame of the Moorings ownership program, that you would be able to spend time and dollars on travel to exotic locations and then spend 7-14 days at a time on a charter boat.Then consider, at the end of the ownership program, what are you going to do with a boat that has been actively used by other people in the charter fleet. Bring it home? Keep the boat and move it to a second-tier charter operation? Trade-in on a new charter boat?

 

[Pat]

I looked too

...and came to the conclusion that it might be a good deal if you want to spend all your vacations sailing. I like sailing as much as the next guy ( I own a boat) but I have to go skiing every now and then too.