Re: Pros and Cons of Leasing a Go-Fast
 

HMMMM,,, a dozen or so Super-boat 30 Y2k's w/ 496 mags for 55K a piece.... that would make a nice rental fleet...

But for 25 k per year to lease a boat,, you could probably afford an outer limits at that price.. Most boat loans are 10-15 years, Anybody who has that kind of money ( 75K ) to throw down on a 3 year lease isn't going to be tooling around in a 30'er.. Even our boating season is 7-8 months, i'm not gonna spend 16 K a year to lease a boat, I would just buy...

Re: Pros and Cons of Leasing a Go-Fast
 

Yep, thats the idea. After 2-3 years you have a fleet of boats that cost you nothing, you can either sell or continue to lease.

Re: Pros and Cons of Leasing a Go-Fast
 

Insurance is not the Leasors problem.
BMW dont care if my car is insured.

Re: Pros and Cons of Leasing a Go-Fast
 

I think before your try to do the math if you can make money or not, do some homework on insurance. Cost and if you can even get it.

Re: Pros and Cons of Leasing a Go-Fast
 

1 word comes to mind, LIABILITY! Joe shmo leases the boat, takes idiot friends out, Joe gets tanked, and hurts/kills one of the idiots! :eek: Dead Idiot's family sues Joe Shmo, and the LEASING Co.!
End of story!
Unfortunately, that's how the world seems to work these days! :mad:
Dean

Re: Pros and Cons of Leasing a Go-Fast
 

Dean, I know NY law changed for that.
I'm guessing this is just speculation and we are doing our homework here and now.

Even if you leased it for $1000/mo for 36mo you'd still have a 3yr old boat that cost you $19,000.(approx)

Re: Pros and Cons of Leasing a Go-Fast
 

It is know different than leasing a car, truck, plane, forklift ect...ect...

Re: Pros and Cons of Leasing a Go-Fast
 

There was a 3yr old 29 Baja (100k ?) at my marina a few years ago.....I would not have given the guy 19k for it......and he loved his boat :eek: :drink:


How about asking Chris Reidel (?) or the guy that was leaseing the Apache for Poker Runs?
Would be interesting to here from someone who has tried it before.

Re: Pros and Cons of Leasing a Go-Fast
 

What, that someone couldn't sue the owner of the boat leasing co. if a person got hurt on one of his LEASED boats? The guy leasing the boat doesn't OWN it, he's just leasing it from the boat leasing co. I know that the leasee is resonsible for providing the insurance, (If he can get it) on the boat, BUT people are going to sue everybody associated with the boat, unfortunately! :(
I can't the risk vs reward upside on this idea, IMO.
Good luck,
Dean

Re: Pros and Cons of Leasing a Go-Fast
 

I know with big fishing boats they set up franchises or time shares. Ive gotten offers at the office but never really looked into it. If I get another Ill post it.
Not sure if those were captained boats though, wouldnt be hard to do in that case.