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Old 05 March 2013, 08:44   #21
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servicing done at a dealer and split the cost. Or do the work together.
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The best part of being in a syndicate, apart from it being cheaper, is that you always have someone to go boating with. And if it breaks down it is less of a worry since you have less of a financial commitment and more help to get it fixed.

These two half quotes sum up my only experience of part ownership. Admittedly it wasn't kept at either of our places, and we took it winter about to store the engine. Virtually all the work was done as a team as we had to arrange to go up to the boat, so usually made a weekend of it, did the repairs Saturday, and once the hangover cleared went for a spin on Sunday. If time wasnlt on our side, we agreed on throwing it at a dealer, otherwise split the cost of the spares. Worked great......

....except it ws a Dory, and we both got fed up getting hernias launching the d@mn thing, so sold it. (Which reminds me, anyone want a cheap 1970s 20Hp longhsaft Johnson? )

It worked I suspect because of two reasons - 1)We both think along remarkably similar lines and 2) None of the costs of ownership were in the "sharp intake of breath" category.
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Old 05 March 2013, 11:41   #22
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Boat Sharing, a terrible idea, worse than wife swapping because you'll love the boat...
Spoken form experience?

I've been involved in a share of a 32' motor boat. It worked relatively well, primarily because it couldn't (easily or enjoyably) be driven single handed and as such any trips were generally undertaken with both parties involved. There were some typical grumbles about sharing the maintenance and the standard of work/improvements done but I suppose that could be easily taken care of by having all work contracted out. The partnership dissolved mutually and I bought out my co-owner.

The RYA have guidance notes and standard agreements for boat sharing (either joint ownership or ownership in common) so I'd take a look there.
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Old 05 March 2013, 12:51   #23
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Spoken form experience?

I've been involved in a share of a 32' motor boat. It worked relatively well, primarily because it couldn't (easily or enjoyably) be driven single handed and as such any trips were generally undertaken with both parties involved. There were some typical grumbles about sharing the maintenance and the standard of work/improvements done but I suppose that could be easily taken care of by having all work contracted out. The partnership dissolved mutually and I bought out my co-owner.
I know a few boating shares that ended in tears. The stories were fairly pathetic - refusal to maintain safety gear, denied damage, uncleaned dirt, and in one case, the loss of the vessel from it's moorings through pure negligence.

Grumbling about maintenance and poor work would ruin any pleasure I had from a boat. I'd rather stick to my tender than share rib.
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Old 05 March 2013, 14:42   #24
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Grumbling about maintenance and poor work would ruin any pleasure I had from a boat. I'd rather stick to my tender than share rib.
John sounds like we won't need to include Willk in the Admin-rib-share-scheme
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Old 05 March 2013, 15:01   #25
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I know a few boating shares that ended in tears. The stories were fairly pathetic - refusal to maintain safety gear, denied damage, uncleaned dirt, and in one case, the loss of the vessel from it's moorings through pure negligence.

Grumbling about maintenance and poor work would ruin any pleasure I had from a boat. I'd rather stick to my tender than share rib.
Agreed on all points.

It all sounds great in theory with a sensible head on.

I know a few who have tried, all ended badly.
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Old 05 March 2013, 15:07   #26
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I own half the bombard 380....mostly I use it and the other owner doesnt ! ( unless its with me).


Probably due to low cost but never had any issues....

The SR4 was half owned which was OK until the half owner decided he wanted his money back , before the boat was sold. Again low value stuff, but caused a slight grumble from me and a minor cashflow issue when I just paid him out.
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Old 05 March 2013, 15:09   #27
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I own half the bombard 380....mostly I use it and the other owner doesnt ! ......................never had any issues....
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Old 05 March 2013, 15:37   #28
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I tried it many years ago. It was such a bad experience that I wouldn't attempt it again. The boat itself (a nearly new Shakespeare speedboat hull) never even made it to the water.
''Never Even Made The Water''!!!!
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Old 05 March 2013, 15:44   #29
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anyone want a cheap 1970s 20Hp longhsaft Johnson? )
Nah, I'm sorted thanks
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Old 05 March 2013, 15:48   #30
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Nah, I'm sorted thanks
Rebored 1950's unit?
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