Fractional ownership is a business concept that has been around for a long time, starting with jets. It is a method of ownership where several or more people can own a share in an expensive asset, such as a yacht. Investors choose a fractional approach to investment when they do not want to spend the amount of money required to own the entire asset and they do not want all of the risk or hassle that accompanies ownership of the entire asset. Saveene has pioneered the use of fractional ownership applied to a specific class of asset, the luxury yacht.
Yes a luxury, affordable sail. These yachts are within the financial reach of an ordinary consumer and an ordinary type vacationer.
Fractional ownership splits the cost of purchasing the asset and managing the asset across a set of owners. Because an independent professional handles management, the fractional owners are free to enjoy themselves and be removed from the management responsibilities. Each owner is free to use his/her share of the asset according to the terms of the purchase. Saveene applied the fractional ownership concept to luxury yachts because most yacht owners only use their yacht several weeks a year and the costs to acquire and maintain a yacht are immense.
Under the Saveene Program, Fractional ownership is perfect for yacht owners who want the yachting experience with no hassles and no waste of their hard earned capital. With the Saveene Program you can own from as little as 2% of a yacht through to 100%.
The most common misconception about fractional ownership is that it is a timeshare by another name. This is a mistake. With timeshare arrangements, you do not own a share in a property, merely the right to use that property for a set period of time. When your time runs out, you are left with nothing. With fractional ownership, you own the asset and receive a deeded title reflecting your ownership. If you desire, you can transfer or sell your asset whenever you want.