This is a 4 stateroom (new Lagoon 380) charter version which is the only model which will work in this special charter program...we have a few other catamarans that will work in this low down payment seller financing program and they are all 2013's and 2014's: Lagoon 380, Lagoon 39, Lagoon 400, Lagoon 421, and Lagoon 450. They are equipped as "charter-ready" and you can add equipment if you like but that is at your expense...
Here is a summary of how it works and I have seen many charter management programs but this one is the most-amazing:
This new Lagoon 380 sailing catamaran (normally costing 281,196 Euros) is already in the Dream Yacht Charter fleet in Antigua and has some special French bank financing that is assumable...because we are using charter revenues to help pay for the boat the cost is reduced to almost half....all you need is a down payment of 70,299 Euros...you do not need to apply for the loan because you are already accepted if you have the down payment!...then it must stay in charter for 5.5 years (66 months) but you get owner use and can use other yachts in other locations for up to 8 weeks/year.....the charter revenue then covers all expenses for 5.5 years (including the loan payments) and you have no other expenses......then at the end of the program (5.5 years or 66 months), 30% is left on the loan (84,358 Euros) which must be paid to the bank OR we sell the yacht and get most or all of your initial deposit back because the yacht is worth much more than the 30% loan-payoff amount...in fact, most of these boats have been selling for 55-60% of the new price in "Year 5" because they are in big demand...
If you sell it in the fifth year, you just paid off the loan, got back your initial deposit and got virtually free use of the yacht and others in 34 locations worldwide for 5.5 years! It's like "sailing around the world in your spare time".
I was asked "What happens when the boat phases out of the charter program in month #66?..." The boat will have a typical "phase-out" maintenance at the end. I recommend you get a marine surveyor to inspect the boat and write a report on the condition. Any defects that affect "safety and navigation" of the vessel will be fixed...so, if an engine is bad they replace it...."cosmetic issues", if serious, will be fixed...some minor cosmetic issues (considered to be "normal wear and tear") may not be fixed...this is a really unique program because you have the real possibility to sell the boat in "year 5" when it still has a lot of value left and to get all or part of your initial deposit back.
I think this is awesome and if I do it I will sell it in the fifth year and try to get back all of the initial deposit net to me...then I can tell my friends "I just sailed for free for 5 years!"
