What are the benefits and costs of owning a boat through the Race1 ownership and management scheme?
Race1 manages a number of privately owned boats as well as owning and running 5 Sydney 40s. There are a number of ways by which an owner can save money through the Race1 scheme. Through volume purchasing, Race1 is able to offer lower costs for many items, such as berthing and launching, as well as discounted prices for sails, equipment, parts and materials needed. By having Race 1 commercialise the boat, the owner can also make substantial savings with VAT and through capital allowances. Race1 can also look after the care and maintenance of an owners boat with its own people, thereby saving an owner much of the cost of a professional person. There is normally a charge for setting up the commercialisation scheme of £950 + VAT, but this will be offered free of charge to the first group of 11.3 owners.
