Hi all newbie on the board .
I have an idea of possibly doing an annual lease on my recently purchased 2004 GH-37 to experienced individuals instead of selling it and would appreciate some feedback on the pro and the cons .
Vessel is located in SW Florida for a perfect start to do the loop and by April 1st will be out of the yard after getting some cosmetic damage repaired and new hull paint and another coat over the year old bottom job.
I think this would allow an individual to cast off with minimal worries without the time ,expense and hassles of getting a recently purchased used vessel ready to cruise .
Vessel has 2 brand new Yanmars and gears with just 50 hours on them and all new running gear components along with a bilge rerig by Diversified Yachts.
All brand new electronics and auto pilot along with rebuilt windlass on newly replaced pulpit.
Upholstery and flooring is all brand new with a brand new full size Whirlpool frig/freezer with icemaker in the door along with brand new micro/convection oven and indirect flattop range.
Recent queen size Tempurpedic mattress and washer and dryer.
Brand new electric head and shower sump with new hoses and macerator .3 New Battle Born lithium house batteries and new 3000watt inverter. Three marinair units fully serviced along with a 9kw Mase generator with less than 3 thousand hours on the 3 cylinder Yanmar.
That about wraps it all up ,not much else to mention other than the watermaker that is pickled and would need to be discussed about the use feasability.
What do you guys think about it ? Any ideas of the lease value ? I have a figure in my head .
I only read a few of the responses and they all seemed fairly negative to the idea. I would agree to them for the most part BUT,,,,
Here is how I'm looking at it. You're not renting the boat to a hundred different people. You're looking for 1 maybe 2 leases. The idea here is to find the right people for it. Obviously they will be a bit on the upper class with some money to burn.
As I say money to burn, it would actually be cheaper in the long run for them to try the lease out and see if they like it. Then they can buy there own.
I would think,,,, correct if me I'm wrong, but the insurance should be paid for by the leasee. And depending on how pricey it is you can always modify your terms.
Personally, I think it's a great idea! Especially with the condition of the boat. The big thing is hoping whoever leases it will adhere to the maintenance 100%. Again another issue that needs to be looked into. If it's just standard fluid changes,,,, maybe you supply the product and they supply the labor. Again, many things to consider but I believe they are definitely calculatable for everyone to make out in the end.
Good luck