Hi Guys,
We've been involved in a share arrangement for a while now (4yrs) and have been fortunate to have teamed up with a good crew but in general, do you think they represent a sound investment?
I'd be interested to hear from others - Good or Bad
That said, we're parting with ours - if you know of anyone interested in Sailing but unable to afford the ongoing costs, then we may have a solution....
Please see below snippet we listed in Seabreeze Buy n Sell section today.
This is a private BOAT SHARE between 5 owners. Each owner signs an agreement and ensures maintenance and condition of the Boat is shared. Excellent condition and delightful cruiser, easily handled and with a good turn of speed.
Moored just off Sydney Harbour
Thanks :)
I dont know much about boat sharing but im sure there would be problems if you wanted to actually go cruising or any sort of lengthy voyage.
Correct me if im wrong!
Scottboy,
i am a 1/4 share owner of a young 88 (apporx 30ft). it is a fantastic arrangement as the other guys are more into racing it, so it is often available for my family day cruises & living just 5mins away it is a no-brainer.
We have a "floating fund" - cant call it a sinking fund for a boat ! - where we all put in a couple of hundred each month to cover all costs - this builds up over time to buy sails cover the biger maintenance programmes. We have the occasional working bee days & everyone appreciates the need to leave it clean & tidy after each use. Board meetings are held occasionaly, usually in a balmain pub where we discuss the racing calander, maintenance etc. - it i important someone takes notes, as no one can remember much at the end.
I think it is important that everyone is on the same page with understanding what is expected from each other. I have known these guys for many, many years I have previously co-owned 2 ski boats with 2 of the guys, and raced skiffs & yachts with one of them for about 20 years and one of the others for about 5. we have a lot of sailing miles together under our belts and so a high level of trust between us.
I dont think i would regard a boat as a "sound investment" but our arrangement provides a sensible way to own and keep a boat, without having to tear up too much money.
anyway that is my experience & 20c worth.
cheers
Dear Mike,
That is a great post, thank you very much!
And, I'm officially green with envy - your boat looks awesome!!
Thanks again.
Cheers
Scott