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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1943 British Royal Navy Lifeboat 27′

$15,000

Own an amazing piece of maritime history! In the same family for over 80 years and meticulously maintained. Fully equipped with a sailing rig and inboard diesel. The donor's family removed the centerboard to simplify maintenance so we put her rigging in storage and set her up as a motor launch. Solar panel for charging the battery, fenders, life jackets, cockpit cushions. LOA: 27' Beam: 6' Draft 18" 2" trailer ball, trailer is usable but only for local travel. She's located in the water in Woods Hole, MA and is ready to go. We've installed a new raw water impeller and drive belts. Runs great. New navigation lights. Available for outright purchase. Don't hesitate to contact us for more information on this great little boat, 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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1972 Trumpy 72′ Motor Yacht

$699,000

An Invitation to own a legend! A rare classic and extraordinary vessel awaiting her next steward.
Maintained to the highest standard and in Bristol condition, DOVETAIL is a prime example of the legendary Trumpy motor yachts. If you're considering a true classic, this is an incredible opportunity to own a one of a kind yacht in turn key 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 maintained and located in the water at a West Palm Beach, FL marina and is available for showing.
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1978 Nautor Swan 441

Original price was: $100,000.Current price is: $75,000.

SIRIUS has been substantially rebuilt, maintained and pampered by the previous owner. She is in superb condition. Consistently stored indoors, the boat was recently prepared for overland transport from New Bedford, MA to Lake Champlain, VT. Stanchions, pedestal, bow pulpit, and some winches will need to be refitted. A perfect boat to transport elsewhere in the country or put the deck hardware back on and enjoy a legendary Swedish blue water cruiser. Optional repainting of mast and some faring and bottom paint is recommended before she's launched. The condition of this boat is truly outstanding and must be seen in person to fully appreciate. Rod rigging, standing rigging and most of the running rigging replaced Autumn 2025. 2023 survey available HERE She's stored indoors in New Bedford, MA. 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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1982 Jeanneau Trinidad 48

Original price was: $62,000.Current price is: $54,500.

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 an excellent option! 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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1986 Lyman Morse Seguin 40′, Shoal Draft

Original price was: $60,000.Current price is: $45,000.

A great opportunity to go gunk holing in the Bahamas! ASTAL WEKKS combination of unique shoal draft design, off-shore capability and Lyman-Morse build quality makes her the perfect boat for exploring. Maintained to a high standard by Robin Hood Marine. Recent electrical upgrades, including electronics. See the article featuring these boats in Maine Boats Home & Harbors by Art Paine. She's hauled out at Robin Hood Marine in Georgetown, ME. Winter storage and launching are 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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1986 Wilbur Hunt 61′

Original price was: $300,000.Current price is: $200,000.

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. We're open to offers in hopes of finding her a new home before the summer season starts. 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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2016 Marlow-Hunter 37′

Original price was: $118,000.Current price is: $75,000.

Resolution is an extremely well appointed, fast and comfortable family cruiser. The modern design includes hard chines that increase stability while providing ample cabin space. She has been outfitted with a large furling main along with a furling jib which give the owner ease of use while maintaining great performance. The interior sports a large comfortable salon and galley with two cabins with large double berths and great storage. Marlow definitely stepped the Hunter boats up several notches with superior manufacturing, design and quality control. Options purchased include a bimini and dodger, Lead Fin Keel, , GPS/ Chartplotter at the helm and Dockside air conditioning. 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.