Boat Equity expands

CRS Yachts has joined forces with Boat Equity, Australia’s largest online boat share marketplace, to be the exclusive agent for the popular boat sharing scheme in NSW and Queensland.

The Boat Equity system modernises and simplifies boat sharing by making use of intuitive online systems that are easily accessible by all syndicate members.

It also delivers a more affordable boat share facility by reducing management fees and abolishing fixed maintenance costs.

“We immediately saw potential in Boat Equity,” said CRS Yachts Sales and Marketing Director Mark Chapman. “There are many boat share options on the market, but none really compare to the model that Boat Equity has produced.

“The process is simple for the boat owner because everything has been considered. With a detailed system and no fixed maintenance contracts or high management fees you can’t really go wrong.” 

CRS Yachts approached the boat sharing company and now has the exclusive license to Boat Equity's system in NSW and Qld. Both companies will share a stand at the Sydney International Boat Show (July 29 to August 2) at Cockle Bay Marina in Darling Harbour, where together they will show several boats available via syndication.

For example, three shares in a Fairline Targa 47 Sport Yacht (pictured) will be on offer via CRS Yachts at the show.

Boasting an online booking calendar and a based around a set of rules that are formulated into a legal agreement, the Boat Equity system notifies owners via email and SMS once they've scheduled time on their vessel. Boat Equity also facilitates selling of vessel shares, which are marketed online.

“Boat Equity is an ideal option to formalise the process, which gives boat owners complete power to select the terms of their syndicate,” says Boat Equity Director Russell Quinn.

“We decided to develop a boat share process and online system that covers all areas of boat share, so no longer will informal arrangements between family, friends or business partners end in disaster,” added Quinn.

“And the beauty is that we’re not tied to one brand or manufacturer. We take all boats – big, small, new, used, and power or sail and we already have 30+ boats listed online with shares available,” Mr Quinn said.

To see the available boats for syndication, check out BoatEquity.com.au, or CRSyachts.com.au if you live in NSW or Queensland.