Lease-share vs Own
The financial benefit of lease-sharing with Pinnacle Yachts is a slam-dunk. Below is a quick snap-shot of the numerous cost saving benefits Pinnacle Member’s receive when they lease-share instead of purchase a 37-foot, well-equipped sailboat.
- Pay 12 times less overall in year 1 ($6,550 vs. $60,660)
- Pay 5.4 times less overall in years 2-15 ($6,550 vs. $26,660/yr)
- Pay 5.4 times less per sail trip in years 2-15 ($330 vs. $1,778)
- Pay $0 down vs. $34,000 down
- Have an obligation of 1 year for $6,550 vs. 15 years for $136,000
- Not suffer massive, real depreciation when selling the yacht
- Have no maintenance obligations pre, post or during the season
- Avoid all the hassles of boat ownership – simply show-up and sail
Note that lease-sharing a powerboat is even more compelling since powerboats depreciate further than sailboats.
As an example, the following analysis demonstrates the difference Members experience when they boat share versus own a well-equipped 37-foot sailboat.
| Purchase Costs and Mortgage | Ownership | Lease-share |
|---|---|---|
| Base Price | $140,000 | $6,550 |
| Upgrades | $5,000 | $0 |
| Electronics | $10,000 | $0 |
| Outfitting | $3,000 | $0 |
| Sales Tax | $12,000 | $1,000 |
| Total Sailboat Purchase Price | $170,000 | $7,550 |
| Purchase Costs and Mortgage | Ownership | Lease-share |
|---|---|---|
| Down Payment | $34,000 | $0 |
| Amount Financed | $136,000 | $0 |
| Annual Mortgage Payment | $14,660 | $0 |
| Monroe Harbor | View Harbor | |||
|---|---|---|---|---|
| Perfect World | Sail | 2006 | Jeanneau Sun Odyssey 40.3 | Details |
| 31st Street Harbor | View Harbor | |||
|---|---|---|---|---|
| Radiant | Power | 2008 | Sea Ray Sundancer 440 | Details |
| First Light | Power | 2008 | Sea Ray Sundancer 440 | Details |
| Ultraviolet | Power | 2008 | Sea Ray Sundancer 380 | Details |
| Allusion | Power | 2008 | Sea Ray Sundancer 380 | Details |
| Afterburn | Power | 2017 | Sea Ray SLX 350 | Details |
| Renegade | Power | 2021 | Sea Ray SLX 350 | Details |
| Infinity | Power | 2021 | Sea Ray SLX 350 | Details |
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“I am really looking forward to the upcoming boating season. While I won’t be with Pinnacle this season I am excited about Pinnacle’s move to 31st Street. I never would have had the chance to buy my own large boat without the experience I gained on your boat last year. If I was still a working stiff I would be back with you guys in a heartbeat. Your operation is top notch. The training and response to maintenance issues were superb. I have been talking up your program and while I didn’t send you any customers this year I am sure I will in the future. Again thanks for the great experience, if I can do anything to assist you let me know.”
R.S.
Retired Financial Professional
Former Captain, Independence Day
