Boat Co-ownership Experience/Thoughts
09-01-2010, 03:58 PM
#21
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I share two boats with someone that put an add on craigs list. I thought it was a joke and replied to the add. To my suprise the deal was legit.
The agreement: (Seasonal) I put/pull the boats out of the water at the start and finish of the season. I pay for the heated storage of the boats for the winter season. I clean the boats at the start and finish of the season.
For all this I get to use either boat, whenever I want, throught the season. 2001 303 Fastech and 2001 24' Rinker. The boats are on Lake Geneva, in WI. and I have my own parking spot at his home when I come up.
It cost me about $3,000.00 for last years storage and for gas up until this point in the season. I think the deal is priceless, he feels the same way. He has already asked if I want to due the deal again.
Like someone else on here stated, we did get a attorny envolved and had a contract written up. It specifies what we both bring to the table and leaves no open ends.
It can be done, where both parties win. I honestly think I may have gained a friend and partnership that will last a long time. Once I buy my Offshore boat for Lake Michigan, I can still boat in small water, as well.
Just my two cents worth.
The agreement: (Seasonal) I put/pull the boats out of the water at the start and finish of the season. I pay for the heated storage of the boats for the winter season. I clean the boats at the start and finish of the season.
For all this I get to use either boat, whenever I want, throught the season. 2001 303 Fastech and 2001 24' Rinker. The boats are on Lake Geneva, in WI. and I have my own parking spot at his home when I come up.
It cost me about $3,000.00 for last years storage and for gas up until this point in the season. I think the deal is priceless, he feels the same way. He has already asked if I want to due the deal again.
Like someone else on here stated, we did get a attorny envolved and had a contract written up. It specifies what we both bring to the table and leaves no open ends.
It can be done, where both parties win. I honestly think I may have gained a friend and partnership that will last a long time. Once I buy my Offshore boat for Lake Michigan, I can still boat in small water, as well.
Just my two cents worth.
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09-01-2010, 04:42 PM
#25
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09-01-2010, 09:21 PM
#26
No way, not going to share ownership with a plane or boat. I don't like people touching my stuff, much less having unfettered access.Two things I don't loan, guns and my boat. I damn sure don't want to share either with you on a regular basis.
09-01-2010, 09:51 PM
#27
I am co-owner on a formula fastech with my brother...I am just wondering what members experiences have been with co-ownership...any thoughts?
Personally their is no way I could afford a boat alone...My brother and I get along great. We are like best friends. Never fight and we split everything 50/50. It has been an awesome experience.
How have the members here faired? Any stories? Any thoughts? Thanks.
Personally their is no way I could afford a boat alone...My brother and I get along great. We are like best friends. Never fight and we split everything 50/50. It has been an awesome experience.
How have the members here faired? Any stories? Any thoughts? Thanks.
09-01-2010, 09:53 PM
#28
09-02-2010, 06:30 AM
#30
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I couldn't agree more!! My boat is my boat!!!!..My wife has no idea what I paid for it,or what it cost to run and maintain. She said if you can afford it,then go nuts.. I just wish she had the same sentiment about strippers.
