Academy of Southern Sailing

Tax Sheltered Yacht Ownership
Precision, Corsair, Hobie
Yachts by Southern Sailing Academy
Buy Now for the Lowest Interest Rates Seen in Ten Years!
and a full year of tax writeoff for 2004 taxable income!

We have enjoyed 25 years experience in selling all major lines of new yachts into our fleet in Southern California at Marina Del Rey (Los Angeles - 80 yachts) and Houston, Texas (36 yachts). We have awards for being the largest dealer in the U.S. for Hobie 33’, Tartan, Newport, Dufour, Stiletto, and Santana. The present tax legislation permits a write-off of 20% year 1, 32% year 2, 19.5% year 3, 11.52% year 4, and 5.76% year 5 of the yacht’s capital cost and deduction for all expenses including interest on loan, dockage, fuel, sail repair/replacement, and maintenance, provided the boat is available for sailing instruction more than 26 weeks per year. This is analogous to purchasing a time-share and allowing a management company to rent it when not being used personally.

Fully trailerable with any vehicle, ramp launchable under $ 10,000 sail away with trailer. Retractable keel available -save $ 1000

View the incredible quality and construction of the new very affordable trailer able Precision 23. Call for pricing toll free 866-252 SAIL (7245)

Click the image below for more Information on Corsair Yachts

Lagoon 381 Available For Our Fleet Tax Sheltered Yacht Purchase Opportunity.

Lagoon 381 Cash Flow Projection

REVENUES:

Gross Revenue

$33,406

(26 weekends/year)

($696/couple -- 2 couples/yacht)

Owners share (40%)

$13,362

less Instructor Salary

$4,680

Net Revenue to Owner

$8,682

Tax Savings

$19,080

(20% of capital cost/36% bracket / year 1)

Cash Flow After Taxes

$27,762

EXPENSES:

Dockage

Insurance

$3,000

Diving

$665

Maintenance

$1,000

Cleaning

$700

Total Expenses for 26 weeks

$5,365

Net proceeds to apply to note:

$22,397

10% down payment

$26,500

Note payments for 26 weeks

1676

$10,056

Net Cost

$36,556

Net out of pocket cost for 26 weeks:

$14,159

including down payment $26,500

We are also proud to be offering Hobie Catamarans--your best value on the water today! Including the new comfortable six passenger "Getaway!" at a unbelievable price.

Click on the picture below for more information on Hobie catamarans!:

Can your Canoe do this ? Stable and un-sinkable ! 15’6” of quality fiberglass construction can be yours for under $1,000* We deliver to your door. Car top or trailerable. Choice of 4 colors. * Outboard motor not included

Precision 28 - Highest Quality Construction Materials and Rigging Specifications - Selected by the US Naval Academy! !

Precision 28 fully trailerable blue water cruiser, 6'4" standing headroom, the best quality workmanship and hardware at an affordable price.

Precision 28 fully trailerable blue water cruiser, 6'4" standing headroom, the best quality workmanship and hardware at an affordable price. Why pay expensive slip fees ?

The new Precision 28 is our sixth design for Florida's Precision Boat Works, and she is an unabashedly direct evolution of their popular 27-footer, with the extra hull length devoted to an even more expansive interior forward and to an attractive transom boarding ladder aft. This new flagship of the Precision line shares her smaller sisters' well-deserved reputation for exquisite tooling, as well as for sound construction and thoughtful detailing. To their everlasting credit, Precision Boat Works has always eschewed flash-in-the-pan gimmickry in favor of structural integrity and long term functionality, and this straightforward approach has earned them an enviable reputation in the marketplace.

The Precision 28 achieves her performance objectives of winning speed, safety, and reliable handling by means of a very carefully refined combination of a fine water-line entry, substantial flare to the top sides forward, and powerful sections aft that taper to an only moderately broad transom. This precise fore and aft balance of hull volume avoids the trim and handling problems that less symmetrical hulls suffer when heeled, and it gives reassuring margins of both reserve buoyancy forward and of "knockdown stability." Much of the popularity of the entire Precision line is due to their delightful characteristics under sail, which the new Precision 28 is certain to share.

The fixed keel of the Precision 28 is a deliberate departure from that of her smaller keel/centerboard sisters, which are all designed to be easily tailored and thus feature draft too shallow for a fixed keel of any kind to give acceptable performance. The Precision 28 is large enough so that tailoring on a regular basis is impractical and her standard keel can thus draw a substantial 3.6 feet. (Fixed keels with significantly less draft, even if fitted with wings, have proven to perform poorly upwind). The Precision 28 keel is an external lead casting that features a very carefully developed "end plate effect bulb" at the tip, our well-proven design that provides excellent upwind efficiency and stability, that is less troublesome than wings, and that approaches the all around performance potential of the deep-draft elliptical fin.

The long and careful thought that designer and builder put into the development of the Precision 28 is perhaps most clearly reflected in her meticulous deck and cockpit detailing. Wheel steering is standard, and both main and genoa sheets are led aft near the helm for easy short-handed sailing. Inboard chain plates and genoa tracks allow close-winded sheeting angels and easy passage past the low, sleek cabin house. The cockpit is longer than typical and features reassuringly deep seats and a closed transom to keep both crew and gear securely inside. The high coamings are precisely angled for maximum comfort both upright and heeled, and there is no awkward bridge deck to clamber over when going below. There is a generous anchor locker forward and two huge cockpit lockers aft.
Precision Boat Works continues to focus entirely on small boats, and their long experience and expertise in this niche is all brought to bear in their newest offering. Their commitment to high-quality construction and function is unwavering, and they understand firsthand what makes sailing fun. Sophisticated buyers are sure to be impressed with the new Precision 28! Jim Taylor

Precision 28 Standard Equipment

Hull & Deck

Hand laminated FRP ISO/NPG Gelcoat Finish Vinylester Resin Skin Coat on hull Bolt on lead keel w/efficient "end plate" and bulb Transom swim platform w/boarding ladder Stainless steel bow and stern rails Tapered stanchions & double lifelines Bomar lexan forward hatch 10-Lemar opening ports w/screens Anchor locker on deck for 13 lb. Danforth Molded toe rails w/drains 4-7 in. 4 bolt mooring cleats Teak handrails Waterline & sheer stripes

Cockpit

7' "tee" shaped cockpit Contoured helmsman seat Harken mainsheet traveler Harken 4:1 mainsheet Harken self tailing sheet winches Harken halyard & reefing winches w/Spinlock clutches Yanmar instrument panel Edson wheel steering w/wheel brake and pedestal guard Richie 2000 compass Stainless steel throttle and shift controls Emergency tiller Ice chest under helmsman's seat 2-cockpit storage lockers

Engine Room

Freshwater cooled 18 HP Yanmar diesel Racor fuel filter Bronze water strainer Sound insulated engine box w/3 access hatches 1 in. Monel shaft & 2 blade bronze prop Hinged access to stuffing box 9 gallon fuel tank Water lift muffler

Cabin

Molded "structural grid" interior liner Fabric covered cushions 6 berths Backrest cushions w/storage behind Nav station with fold down table Drop-leaf salon table Shelves over V-berth Enclosed private stateroom aft Large double berth Vanity counter w/locker Storage shelf Electrical outlet (AC) Backrest cushion Solid teak door

Head

Marine head w/9 gallon holding tank Vanity Stainless steel sink w/hot & cold pressure water Electrical outlet (AC) 2 storage cabinets Shower Wet hanging locker Solid teak door

Galley

Convenient "L" galley 3 drawers Galley top storage locker Dish locker & trash bin 2 burner, flush mount, alcohol stove Stainless steel sink w/hot and cold pressure water Electrical outlet (AC) 22 gallon water tank

Electrical

AC/DC electrical panel w/circuit breakers & batter condition meter 3 position master switch (MBB) Dual battery system 8 interior lights Running lights Foredeck & anchor lights 110 volt shore power w/4 GFI protected outlets 6 gallon AC or engine hot water heater

Spars, Sales & Rigging

Anodized mast and boom Full battened mainsail & 110% lapper Low stretch Dacron halyards Split backstay Topping lift Stainless steel rigging w/open body turnbuckles

Precision 28 Cash Flow Projection

REVENUES:
Gross Revenue	$33,406
(26 weekends/year)
($696/couple -- 2 couples/yacht)
Owners share (40%)	$13,362
less Instructor Salary	$8,640
Net Revenue to Owner		$4,722
Tax Savings		$3,800
(20% of capital cost/36% bracket / year 1)

Cash Flow After Taxes		$8,522

EXPENSES:

Dockage	$1,260
Insurance	$440
Diving	$234
Maintenance	$400

Total Expenses for 26 weeks		$2,334

Net proceeds to apply to note:		$6,188

15% Down Payment	$5,000
Note payments for 26 weeks	$2,388
Net Cost		$7,388

Net out of pocket cost for 26 weeks:		$1,200