Boats for Lease/Purchase

When a boat is donated to BIMF, the owner is eligible to receive the full appraised value as a charitable deduction on their income taxes.

The deduction has some limitations in that BIMF must keep the title to the donated boat for a minimum of three years for the donor to receive a credit for the appraised value on their tax return. BIMF then leases the boat for that three year period, with all the lease payments being credited to an agreed upfront purchase price. In essence, it’s just as if the lessee owned the boat with full use and responsibility for the boat and all expenses.

Lease payments can be structured monthly, quarterly, annually, or paid in full at the beginning of the lease and are interest free. Because the purchase price is established based on a three year depreciation schedule, it usually is established at something less than the current market value.

The lessee does have the option to not purchase the boat at the end of the three years and can simply give the boat back to BIMF with no termination fees.

For more information, please contact us by email, or call us at (401) 842-0752.

Take a look at our sailboats and powerboats for sale!

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1962 Lyman Inboard Runabout 20′

$22,500

KLINK-AH is a fully restored, turn-key classic runabout with freshly varnished decks/cockpit and painted hull (white with red accents). Original Graymarine V8 engine (rebuilt 2004) easily provides comfortable cruising speed of 34 mph and top speed of 44 mph. Includes custom trailer (new 2012). Operated exclusively in fresh water, most recently (2023-4) in lake Winnipesaukee, NH. Available through our Lease to Own program. 50% down with remaining 50% balance over three years, no interest. Don't hesitate to contact us for more information on this unique opportunity, info@blockislandmaritime.com or (401) 842-0752 All vessels are sold "as is, where is" with no warranty, either expressed or implied.
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1962 Ted Hood Designed Tor 40 CB Sloop

$40,000

A fantastic opportunity to own a well maintained classic! Available through our Lease to Own program. 50% down with remaining 50% balance over three years, no interest. Don't hesitate to contact us for more information on this unique opportunity, info@blockislandmaritime.com or (401) 842-0752 All vessels are sold "as is, where is" with no warranty, either expressed or implied.
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1968 Chris Craft Cavalier Cutlass 26′

$39,000

SWEET GAL is a classic that has benefited from a 2018 refit and is in excellent condition. Available through our Lease to Own program. 50% down with remaining 50% balance over three years, no interest. Don't hesitate to contact us for more information on this unique opportunity, info@blockislandmaritime.com or (401) 842-0752 All vessels are sold "as is, where is" with no warranty, either expressed or implied. She is located indoors in Portsmouth, RI
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1972 McCurdy & Rhodes 46′ Ketch Blue Water Cruiser

Original price was: $75,000.Current price is: $58,500.

A fantastic opportunity to own a well maintained and equipped blue water cruiser! Available through our Charter to Own program. 50% down with remaining 50% balance over three years, no interest. Don't hesitate to contact us for more information on this unique opportunity, info@blockislandmaritime.com or (401) 842-0752 All vessels are sold "as is, where is" with no warranty, either expressed or implied.
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1979 Bristol 40′ Yawl

$19,500

The Bristol 40 Yawl is a fantastic classic cruiser, she has the ease of sailing a split rig with a prolific design by Ted Hood. Winter storage and shrink wrap are paid for! A fantastic opportunity to own a well maintained classic! Available through our Lease to Own program. 50% down with remaining 50% balance over three years, no interest. Don't hesitate to contact us for more information on this unique opportunity, info@blockislandmaritime.com or (401) 842-0752
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1982 Jeanneau Trinidad 48

$62,000

A great opportunity to own a well maintained blue water cruiser! GRACIET has benefited from long term ownership by a seasoned sailing couple who performed consistent upgrades during the course of their ownership. Currently berthed in New London, CT while she's fitted with new fuel tanks. See the link below for a survey done in 2020, with most items addressed in the list below. If you're looking for a capable cruising sailboat, this is the boat! She's hauled out at Crockers Boat Yard in New London, CT and winter storage is paid. Available through our Lease to Own program. 50% down with remaining 50% balance over three years, no interest. Don't hesitate to contact us for more information on this unique opportunity, info@blockislandmaritime.com or (401) 842-0752 All vessels are sold "as is, where is" with no warranty, either expressed or implied.
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1985 Beneteau First 375

$31,500

Ciao Bella has been well maintained and updated. She has less than 1,000 hours on her Volvo Penta diesel engine. Her sails are in very good condition and she is ready for her next adventure. A performance racer cruiser with pedigree. Available through our Charter to Own program. 50% down with remaining 50% balance over three years, no interest. Located in Port Washington, NY Don't hesitate to contact us for more information on this unique opportunity, info@blockislandmaritime.com or (401) 842-0752 All vessels are sold "as is, where is" with no warranty, either expressed or implied.
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1985 Grand Banks 42 Trawler

$135,500

A well maintained and upgraded classic trawler, if you're conswidering a GB 42' this one should be on your short list! Available through our Lease to Own program. 50% down with remaining 50% balance over three years, no interest. Don't hesitate to contact us for more information on this unique opportunity, info@blockislandmaritime.com or (401) 842-0752 All vessels are sold "as is, where is" with no warranty, either expressed or implied. Winter storage has been paid and she is located at Breakwater Marina. Fairhaven, Mass
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1992 CNB 76′ Sloop

Original price was: $349,000.Current price is: $249,000.

CAP II – Philippe Briand Excellence Meets Turnkey World Cruising

CAP II exemplifies Philippe Briand's celebrated design philosophy: uncompromising performance paired with luxurious liveaboard comfort. This meticulously maintained CNB 76 is a proven bluewater cruiser that's ready to carry her new owners to distant horizons in both comfort and style.

Interior Layout & Accommodations

The expansive main salon creates an inviting social hub, while the port-side dining area comfortably seats eight guests—ideal for entertaining at anchor or underway. The four-stateroom layout is perfectly configured for extended cruising or charter operations, highlighted by a private master suite aft with direct access from the helm cockpit.

Outdoor Living

The low-profile center cockpit offers protected lounging underway and transforms into an exceptional alfresco dining venue in port. This thoughtful design balances seamless passage-making with relaxed coastal cruising.

Professional Pedigree

Under the care of a professional captain, CAP II has been maintained to the highest standards. Her comprehensive systems, documented refit history, and turnkey condition make her ready for immediate departure.

Accessible Ownership

Available through our innovative Lease to Own program, CAP II offers an exceptional entry point into world-class cruising—combining legendary CNB construction with an ownership structure designed for accessibility.
Available through our Lease to Own program. 50% down with remaining 50% balance over three years, no interest. Currently hauled out at the Hinckley Yacht Services in Portsmouth, RI. Winter storage is paid. Don't hesitate to contact us for more information on this unique opportunity, info@blockislandmaritime.com or (401) 842-0752 All vessels are sold "as is, where is" with no warranty, either expressed or implied.
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1993 Cambria 44′

$65,000

A fantastic opportunity to own a great family cruising boat! Available through our Lease to Own program. 50% down with remaining 50% balance over three years, no interest. Don't hesitate to contact us for more information on this unique opportunity, info@blockislandmaritime.com or (401) 842-0752 All vessels are sold "as is, where is" with no warranty, either expressed or implied.
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1998 Hatteras 74′ Sport Deck Motor Yacht

$349,000

HATTS OFF is an excellent platform to build off of with most of the important work done. BIMF staff inspected the boat in December and were impressed by the overall quality of the work done to date. Our experience with everyone involved with this yacht from the donor to the management company has been first rate. Every inch and every system has been gone over and either reconditioned or noted for future attention, giving the next owner the confidence that they'll know exactly what they're getting with HATT'S OFF. The vessel was Last Surveyed on 4/2025, see link at the bottom of the description.
Available through our innovative Lease to Own program, HATT'S OFF is a large yacht encompassing all of the comforts of home, backed by Hatteras reputation for build quality and ocean going ability. All available with an ownership structure designed for accessibility.
Available through our Lease to Own program. 50% down with remaining 50% balance over three years, no interest. Currently hauled out at Indiantown Marine Services in Indiantown, FL. Winter storage is paid monthly. Don't hesitate to contact us for more information on this unique opportunity, info@blockislandmaritime.com or (401) 842-0752 All vessels are sold "as is, where is" with no warranty, either expressed or implied.
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2003 Silverton 38C

$120,000

A well maintained and upgraded family cruiser. Available through our Lease to Own program. 50% down with remaining 50% balance over three years, no interest. Don't hesitate to contact us for more information on this unique opportunity, info@blockislandmaritime.com or (401) 842-0752 All vessels are sold "as is, where is" with no warranty, either expressed or implied. Winter storage is paid and she is located in Wickford, RI
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2007 Atkins 22′ w/trailer

Original price was: $36,000.Current price is: $18,500.

Beautiful lines and woodworking details! Available through our Lease to Own program. 50% down with remaining 50% balance over three years, no interest. Don't hesitate to contact us for more information on this unique opportunity, info@blockislandmaritime.com or (401) 842-0752 All vessels are sold "as is, where is" with no warranty, either expressed or implied.
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2015 Chris Craft Corsair 32 Heritage Edition

Original price was: $175,000.Current price is: $149,000.

NOLITA is in bristol condition and represents a tremendous value for a classic hull design with modern amenities and performance. Available through our Lease to Own program. 50% down with remaining 50% balance over three years, no interest. Don't hesitate to contact us for more information on this unique opportunity, info@blockislandmaritime.com or (401) 842-0752 All vessels are sold "as is, where is" with no warranty, either expressed or implied. Winter storage is paid and she is located in Shelter Island, NY
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COMING SOON! 1986 Wilbur Hunt 61′

Call for Price

GITANA is a 61 HUNT Yachts / Wilbur that can achieve 23knots, features three spacious staterooms that can comfortably sleep seven guests. With two heads onboard, privacy and convenience are assured for all passengers. Maintained with an "open check book", GITANA benefits from meticulous maintenance and upgrades since new. If you're considering a well built, solid and comfortable yacht that can cruise in comfort at 20 kts, she is definitely worth your consideration. Available through our Lease to Own program. 50% down with remaining 50% balance over three years, no interest. Don't hesitate to contact us for more information on this unique opportunity, info@blockislandmaritime.com or (401) 842-0752 All vessels are sold "as is, where is" with no warranty, either expressed or implied. Winter storage has been paid and she is located indoors at Cove Marina in Bristol, RI
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Restored 1940 Chris Craft 15.5 Deluxe Runabout

$20,000

A great opportunity to own a "like new" classic inboard Chris Craft Runabout! Restored by the International Yacht Restoration School in Newport, RI she features new foredeck, side deck, covering boards, bottom planking, topsides planking, transom, and longitudinal members. Available through our Lease to Own program. 50% down with remaining 50% balance over three years, no interest. Don't hesitate to contact us for more information on this unique opportunity, info@blockislandmaritime.com or (401) 842-0752 All vessels are sold "as is, where is" with no warranty, either expressed or implied.

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