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 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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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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1973 Wasque 32

Original price was: $85,000.Current price is: $64,000.

A great opportunity to own a classic down east cruiser! Proven design with performance to match. New canvas, deck, coach top and bright work recently done. This boat needs finishing touches inside but is otherwise ready to go. 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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1976 Contessa 35 – HAVANNAH

Original price was: $29,500.Current price is: $20,000.

A fantastic opportunity to own an affordable cruising boat! 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
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1977 Custom Royal National Lifeboat – ROYAL JUBILEE 38

Original price was: $22,500.Current price is: $12,500.

Length: 37 ft

Length Overall: 37'6 ft

Beam: 11'5 ft

Max Draft: 3'5 ft
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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
Sale!

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1985 Puzzle Marin – OBSESSION

Original price was: $36,000.Current price is: $5,000.

A fantastic opportunity to own a project boat with good bones! 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
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1992 CNB 76′ Sloop

$349,000

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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2005 Beneteau Oceanis Clipper 343

$49,000

A great opportunity to own a perfect family cruiser! Generous and airy two cabin layout in an easy to handle, low maintenance package. Available through our Charter to Own program. 50% down with remaining 50% balance over three years, no interest. Located in Greenport, 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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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

$175,000

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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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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