Making Waves: Jupiter Gives Repo’d Yachts a Second Chance

Providing a solution for financial institutions with yachts left on their balance books due to the recent economic shifts, Jupiter, a subsidiary of Italy’s Cerved Group, announces the launch of Second Life Top Yachts. This new platform provides complete, integrated management and resale services for these “orphaned” vessels, ensuring that neither maintenance nor sales opportunities go neglected.
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Providing a solution for financial institutions with yachts left on their balance books due to the recent economic shifts, Jupiter, a subsidiary of Italy’s Cerved Group, announces the launch of Second Life Top Yachts. This new platform provides complete, integrated management and resale services for these “orphaned” vessels, ensuring that neither maintenance nor sales opportunities go neglected.

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According to Jupiter, a firm that offers evaluation and management services for a wide range of non-performing loans and assets, Second Life Top Yachts combines low management costs with quicker resale—and better resale prices—for yachts participating in the program. Jupiter has formed partnerships with seven major marinas to date, allowing it to display Second Life Top Yachts vessels in permanent “mini boat shows” at their docks. The company also formed alliances with reliable dealers who are available to show the vessels to international clients.

In 2011, Jupiter reports it managed a portfolio of 61 vessels, primarily larger than 39 feet (12 meters) in length, and closed sales on 42. Second Life Top Yachts is supported by a web portal that provides access to registered members.

For more information, visit secondlifetopyachts.com

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