THE TRADITIONAL 10%
Almost every boat share company in Australia wants to sell you a 10% share in a boat and will convince you that this is an amazing arrangement because you pay a fraction of the cost for the boat, and get to use it whenever you want.
You get 34 days of use each year, made up of 10 weekend days (Saturday & Sunday) and 24 weekdays (Monday through to Friday). Sounds great, doesn't it? Well no, it's not as great as it sounds.
USE IT OR LOSE IT
If you work (and most of us do) then you really want to be able to use your boat at the weekends. But you only have 10 days' use on a Saturday or Sunday for the entire year. Worse still, the other 9 shareholders in your syndicate are probably in exactly the same situation.
Result . . . you end up having to book weeks in advance to secure your bookings. What if your arrangements change? What if it's raining on the day you've booked.
Sorry . . . use it or lose it!
But you do get 24 weekdays? Hold on though,
isn't that a lot of days to use at the most
inconvenient time for you?
Result . . . you end up trying to use them in school holidays, but once again you're fighting with 9 other shareholders for the same days. In all probability, you typically end up forfeiting some of these days as you cannot use them . . . and so your average cost per day of use skyrockets.
THE eBOATING DIFFERENCE
At eBoating things are significantly different.
Each syndicate consist of the following;
1. Three 'weekdays only' shares (50 days of use Monday thru Friday). That's a massive 50% increase in the number of days available to you.
2. Seven 'mixed-use' shares (15 days Saturday and Sunday plus 15 days of use Monday thru Friday). That's a huge 50% increase in the number of weekend days available to you.
No more late nights fighting to book the days you want for anyone!