BOAT SHARE?
Submitted by Kelvinjr12 on Tue, 2021-08-03 15:10
Before & if I go ahead with it , on the site I am wanting to see if anybody is interested in a boat share. Ie: I sell a 50% share in my boat to a member so it gets more use. If allowed I will put all the details?
Faulkner Family
Posts: 17861
Date Joined: 11/03/08
Problem in doing that sort
Problem in doing that sort of thing is you end up you both want the boat at the same time. Always ends up in arguments. Imo it's not worth the dramas
RUSS and SANDY. A family that fishes together stays together
squidvicious1
Posts: 821
Date Joined: 22/07/10
Depends what sort of boat,
Depends what sort of boat, and if one person works fifo/ distance from each party/ close to which ramp/ where will it be stored.
Tom M
Posts: 662
Date Joined: 22/09/15
Good idea all the problems
Good idea all the problems are easily sorted
Tom M
Silver Fox
Posts: 1097
Date Joined: 19/06/14
No thanks.
Sounds like a can of worms to me. What happens if your share partner thinks it's a cool idea to let his kids take the boat to Rotto on the weekend with no supervision and the boat gets written off in an accident and insurance is voided?.
My wife understands why I clean my rods n reels in the shower....
pelagicyachts
Posts: 1299
Date Joined: 23/02/11
i have been in a shared boat
i have been in a shared boat before - it was penned boat so makes sense to reduce costs. My experience was good and this is why
1) we made a clear set of rules from the outset so there were no issues going forward with respect to different partners expectations
2) we agreed to share all costs evenly regardless of use as with a penned boat more use equals more maintenance but at the same time reduces maintenance (if that makes sense) as sitting boats become problematic
3) We had no formal agreement about use - but being a bigger boat if we had a date clash we would often go together (skyshow for example) or come to an equitable arrangement
4) we were (and still are) good friends, and agreed at the outset that it is just a boat and if one of us fks up and puts it on a reef at rotto (like i did) or gets is side on to the jetty in a strong wind and take out half the bow rail (like he did) then we would would individually cover the insurance excess or repairs for such an event but it would not be a partnership over event
We bought a boat together (infact we had 4 together until a few years ago when i went solo as he has moved east)- rather than sold a share (which i imagine has a bit more personal attachment) and it worked really well for us
just my 2 cents
Kelvinjr12
Posts: 27
Date Joined: 10/04/18
Boast Share
Thanks for the feedback everyone
sunshine
Posts: 2554
Date Joined: 03/03/09
Yup agree with all of the above
Still very good friends with the guy who was partner in the boat, only additional rule we had was that whomever used it always left the fuel tank full.
I am now sole owner of the boat we bought as he had balance issues later in life ......simply got an independent value and paid him half.
NORUN NOFUN
Posts: 1018
Date Joined: 15/08/11
Great idea until something
Great idea until something goes wrong, money makes people do things you would never have thought and for that reason it's not something I would do.