1. Can I get rich chartering my boat?

No, we will not make you rich, but hopefully a little slimmer by, at least, lessening the cost and therefore the stress of boat ownership. That said, some of our charter boat owners are making good money and some are even buying more boats. Perhaps a better reason to do this is simply to defray the cost of boat ownership. The second year cost of depreciation, dockage, and other ownership of a typical $200,000 yacht would be around $20,000. Typical back of the envelop estimates for additional annual repair costs are in the 10% to 20% of boat value range. Please see our webpages on www.OnBoat.com for comparative rates that for boats put into charter. Therefore, even a few charters a year may significantly defray from the cost of boat ownership.