And why the traditional 10% share ownership is not a good deal
THE eBOATING SYNDICATE DIFFERENCE
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!
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!
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 week days (Monday thru Friday).
Sounds great doesn't it? Well no, it's not as great as it sounds.