You want a richer lifestyle - but you do not have a million dollars in cash for his bankroll? You worked a lot and you did a good job, but a corporate plane, a yacht and a coastal house worth $ 4 million is now impossible.
Fractional ownership can be the solution to your dilemma! Under fractional ownership, a valuable asset (jet, yacht, holiday home, classic car) is in cooperation with a number of other persons; each owner has a percentage of the asset and has determined the rights and privileges associated with the use of the asset. The management company provides stability and organization to allow owners of shares without effort and predictable access to the asset.
This concept works well with various assets that can be used periodically. For example, second homes are used by their owners on average 2 to 4 weeks per year. If you have been in the marina recently, you probably realized that a good number of misses are occupied by boats, i.e. They are not used. Corporate jets lie until the leaders demand a trip.
Fractional ownership offers you, the share owner, reliable access to this luxury asset that you want or need, but do not want to pay 365 days a year. And since you are part of the owners' pool, all expenses for maintenance, management, maintenance, repairs, taxes, and insurance are shared between the group. The management company plans the owners of the use and takes care of the current maintenance, accounting and repair.
In short: you have what you want, whenever you want - without headaches, expenses and responsibility for the full property.
Fractional ownership is increasingly used for ultra-luxury items. Numerous corporations offer fractional shares of corporate aircraft (flexjet.com, netjets.com); turboprop aircraft (avantair.com); and helicopters (heliflite.com, sikorskyshares.com).
The shared ownership of luxury yachts - both powerful and sails. Companies such as monocleyachts.com, eusamarine.com and seanetco.com offer fractional ownership of yachts on the east and west coasts, in the Caribbean and in the Mediterranean.
Classic cars such as the Lamborghini Murcielago, the Lamborghini Gallardo, the Rolls Royce Phantom, the Bentley Continental GTC, the Aston Martin Vanquish S, the high-end Porsches and the Ferrari 360 Spider are available for fractional ownership through various companies such as extremecarshare.com, curvyroad.com, and clubportiva.com. Fractional shareholders in these clubs can choose a membership that will allow them to turn their property among different cars in the fleet, instead of owning a fractional share of one classic car.
“Earthen Yachts” - RVs is another category of luxury goods that often only sees intermittent use, so wisdom dictates fractional ownership here. Both coachshare.com and sharer.com offer fractional promotions for luxury Monaco coaches.
Racehorses have long been owned by syndicates - owner teams that jointly own them in order to distribute cost and risk. The members of the syndicates were often friends or business acquaintances who knew each other and privately organized the syndicate. Fractional ownership models are now used. In the UK, the winner of the 2005 Vodafone Derby made a racing story: “Motivator”, a winning horse, did not belong to a super-rich breeder or individual, but a syndicate of 230 people from business classes.
The concept of fractional ownership is creatively expanding into different areas. Wine Estate Capital Management makes shared ownership of vineyards in France and South Africa available to buyers. Many art donors consider it appropriate to add part of their art to the museum according to their preferences, thereby continuing to use their collection for part of each year.
Luxury wallets can now be obtained through fractional ownership, so if you want to diversify your collection without buying them, your dilemma will be solved. Shoulderercandy.com offers bags from Chloe, Balenciaga, Louis Vuitton, Prada, Burberry, Marc Jacobs, Chanel and others.
The most common use of the fractional ownership model, however, is in the vacation sector. Due to the growing popularity of fractional ownership of vacations and the added complexity of real estate, this topic will be the subject of another article.
