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Owning a boat alone gives you total freedom, and total responsibility. Co-owning gives you the same boat and real equity for a quarter of the price, and we run it for you. Here is how they compare on a real boat, using its real operating budget.
| Buying alone | Galenne | |
|---|---|---|
| Upfront | ~$218,000 for a 2022 Saxdor 320 GTO, recovered less depreciation when you sell | $54,500 for a 25% share of the same boat, recovered less depreciation when the boat is sold after ~4 years |
| Running costs | ~$63,500/yr kept to the same standard, or ~$28,700/yr if you manage it yourself and insure it thinly | $16,200/yr ($1,350/mo) per owner, everything included |
| Who runs it | You: marina, repairs, cleaning, insurance, paperwork | We do. You book your day and show up |
| Depreciation and repairs | 100% yours | Shared four ways |
| Days on the water | Whenever you want | ~90 days a year per share |
| Equity | 100% of the boat, recovered when you sell it, less depreciation | 25% of the LLC that holds the boat. The boat is sold at the end of the cycle, usually after about 4 years, and you get your 25% back, less depreciation |
| Best for | Hands-on owners out most days | Families out most weekends who want ownership without the second job |
Most cost comparisons quietly cheat, by charging the solo owner for services they would never actually buy. So here are both versions: the same boat kept to the same standard as a Galenne boat, and the same boat run the way a solo owner usually ends up running it.
| Per year | Alone, same standard | Alone, what most owners do | Galenne, 25% share |
|---|---|---|---|
| Professional yacht management | $21,100 | You do it | Included |
| Dry rack storage | $17,300 | $17,300 | Included |
| Marina wash plan | $4,800 | $4,800 | Included |
| Cleaning and detailing | $7,200 | You do it | Included |
| Insurance | $8,700 — hull at full value, $1M liability | $2,200 — basic cover | Included, at the full-cover level |
| Reserve for wear and repairs | $2,100 | $2,100 | Included |
| Compound and wax | $1,900 | $1,900 | Included |
| Towing and telematics | $500 | $500 | Included |
| LLC admin and booking platform | — | — | Included |
| Total per year | ~$63,500 | ~$28,700 | $16,200 |
The ~$35,000 between those two solo columns is not a saving. It is cover and work the owner decided not to buy: a thinner policy, and every wash, service call and marina errand done on their own weekends. Your $16,200 buys the $63,500 version of the same boat.
Figures are taken from this boat's own operating budget at Rickenbacker Marina and rounded. Insurance is quoted at about 4% of the boat's value for hull cover at full value plus $1M liability; the thinner policy most private owners buy runs closer to 1%. The bi-weekly wash plan is mandatory at Rickenbacker; boats based at Haulover do not carry it. Try other boats and usage in the calculator.
The upfront money is not spent, in either case: it is an asset. A Galenne co-ownership cycle usually lasts about 4 years. At the end the boat is sold and each owner gets their 25% of the sale back, less depreciation. We estimate about 8 to 10% a year for a pre-owned boat with low hours, or about 28 to 34% over the cycle. So the fair comparison is what you put in, minus what comes back.
Estimates, not promises. All figures on this page are estimates for illustration. Resale prices, depreciation and running costs change with the market, the boat's hours and condition, so your actual numbers can be higher or lower.
Net cost over 4 years, fuel extra in every column. Resale assumes 8 to 10% depreciation a year on a pre-owned boat with low hours, the same rate in every column. Resale value is not guaranteed.
Charter, boat clubs, co-ownership and owning alone are not cheaper or pricier versions of the same thing. Each fits a different stage. The right one depends on how often you go out and how much you want to deal with.
A few special days a year. Pay per day, captain included, no commitment.
Learn and try different boats for a low entry cost, within the club's booking limits.
You know what you want: a bigger boat, always the same one, at a top Miami marina, around 90 days a year, and nothing to deal with. Built for experienced boaters, and for owning without buying a whole boat.
If you use the boat every week, say once you retire, a boat of your own makes sense. Even then, two Galenne shares (50%, around 180 days a year) cost about half.
Galenne is built for step 3: recurring use, bigger boats, great marinas and nothing to manage.
If you are on the water every week and enjoy managing a boat, buying alone can be the right call. Most owners use their boat around 20 days a year, so they pay 100% of the cost for a boat that sits idle most of the time.
Because it covers more. Galenne boats are insured for the hull at full value with $1M of liability cover, which runs at about 4% of the boat's value a year. Most private owners buy a thinner policy at around 1%. That is a real difference in what you are protected against, not a better deal.
Most of it. You own 25% of the LLC that holds the boat's title. At the end of the co-ownership cycle, usually about 4 years, the boat is sold and each owner receives their share of the sale. We estimate depreciation at about 8 to 10% a year for a pre-owned boat with low hours, so a $54,500 share would return roughly $35,800 to $39,000. A new boat loses more: about 15% in the first year, then 8 to 10% a year. These are estimates, and depreciation and repairs are shared four ways instead of being 100% yours.
Around 90 days a year per 25% share, booked in the Galenne app. That is more than most solo owners actually use.
The operating agreement sets the rules and the annual budget. Galenne and the yacht manager run the boat day to day, so you never have to.
Yes. One buyer can hold more than one 25% share of the same boat, for more days on the water. Two shares give you 50% of the boat and around 180 days a year.
Galenne share prices exclude Galenne's acquisition fee, closing costs and applicable Florida taxes. Fuel is billed by use. All figures are estimates; third-party figures are published prices or typical ranges and may change.
Real ownership. Professionally managed. Fully transparent.
