YCOA signs marketing agreement with Passport Marine

FORT MYERS, Fla. and ST. PETERSBURG, Fla. – Formula dealer Passport Marine, Inc. (PMI) and dockominium provider Yacht Clubs Of The Americas (YCOA) have signed a joint marketing agreement, the companies reported in a statement earlier this week.

Through the agreement, PMI will offer YCOA dockominium buyers access to 1.99-percent full term, fixed rate financing on all new 2007 Formula Yachts and powerboats, and 4.99-percent full term, fixed rate financing on all PMI "Select Pre-Owned" boats in stock.

"These interest rates will allow YCOA buyers to cut their existing monthly boat loan payments by as much as half, and put America’s premium boat brand, Formula, in a boat slip they own; one that appreciates in value every year," said PMI president and CEO Jim Dillon. "The potential savings are significant; and in many cases the savings are equal to the payments on the dockominium."

PMI is also offering a 5-year warranty protection plan on all new Formula boats, personalized training, and a series of boating trips and gatherings for all YCOA customers all at no extra charge.

"Our relationship with PMI allows boat owners the opportunity to own a boat and own a slip for virtually the same monthly cash flow of boat ownership alone. Plus, we’ll contribute $3,500 toward the down payment of the new Formula boat, if YCOA members take advantage of this unique opportunity," said Steeven Knight, founder and CEO of YCOA

YCOA recently acquired marinas in Sanibel, Tampa, Naples, Key West, St. Augustine, Stuart and New Smyrna Beach, Florida. PMI sells new and used Formula boats on site at a number of YCOA properties.

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