Program Exit

Happy customers stay, and we work hard to keep it that way.  However, should you decide to leave the program after your minimum commitment term (a 2-year commitment on new boat shares, zero commitment on pre-owned), you will receive Gateway’s priority assistance in liquidating your share minus a standard commission. This means that the next pre-owned share sold will be yours. Of course you may sell your share yourself at any time, but any buyer must agree to our management terms.

To keep our fleet young and efficient, our state-of-the-art boats reside in the Gateway Fractional Program for a maximum of seven years.  As their maximum program time approaches, the boat is offered to current share owners at fair market value in seniority order.  Should all owners pass on buying the entire vessel, then it is sold for what the market will bear.  The proceeds are then divided among the share owners in accordance with the size of share they own.

Exiting the program highlights the low risk involved.  For example, if a person were to own 100% of a $250,000 boat and it depreciates 50% in value during seven years of ownership, then the depreciation risk would be $125,000!  But that same depreciation rate while owning a Gateway share that costs only $34,000 to acquire amounts to only $17,000 worth of depreciation risk over the same seven year period, making Gateway the right way to own!  Use any depreciation rate you like, Gateway ownership is simply lower risk.

Lack of use is very hard on equipment, often times it is more damaging than regular use. Your interest will be enhanced in value knowing that your Gateway Adventure Yacht is used regularly and professionally maintained to the highest standards.