From a financial security point of view, Le Boat is part of TUI Travel PLC, one of the largest holiday companies in the world. The boat itself is in our names on the Small Ships Register. Le Boat are contracted to maintain our boat in good order and pay all mooring, insurance and running costs during the ownership period.
Is there a downside? The only thing we can foresee is that at the end of the ownership period the boat is not going to be worth what we paid for it. The depreciation however is unlikely to amount to much more than if we took one holiday a year for the life of the contract. Where else can you get a guaranteed 7% return on invested capital?
Proud owner of a Le Boat Calypso (El Cotto)