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Old 07 February 2016, 13:26   #11
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Didn't someone once say that if it flies, floats or something else that I can't quite bring to mind it's better to rent it?
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Old 07 February 2016, 13:37   #12
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I was surveying a 10 year old Oyster 62 before Christmas. The American owner, who was selling due to advancing years delighted in telling me how much the boat had cost him.
Bought for $2M 10 years ago. Selling to my customer for $1M.
Average spend on maintenance and crew $200k/yr.

That's $821 for every day he's owned it!
I bet they didn't tell him that at the boat show.

Makes the 200/month paid in to the RIB fund seem very good value!
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Old 07 February 2016, 16:30   #13
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I remember long ago sat in the Ship in Seahouses on yet another blown out diving weekend. We got a pen & beer mat out & costed the price per minute of a decent dive, it came out at around 25/minute in the water 😳. And that was on air, before the days of trimix & rebreathers
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Old 07 February 2016, 16:51   #14
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I'm looking into operating a RIB rental (it's the only way I can think of to afford the new one that I want!) - haven't had much interest so far but please let me know if there is a market for it in the UK
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Old 07 February 2016, 17:42   #15
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Originally Posted by Shaz View Post
I'm looking into operating a RIB rental (it's the only way I can think of to afford the new one that I want!) - haven't had much interest so far but please let me know if there is a market for it in the UK
This would be worth a read:
http://www.yachtinglawyers.com/downl...awyers.com.pdf
and:
http://www.quinquarimarine.co.uk/wp-...B_business.pdf
and:
http://www.solentribcharter.co.uk/ba...eboat-rib-hire
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Old 07 February 2016, 18:21   #16
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Quote:
Originally Posted by Shaz View Post
I'm looking into operating a RIB rental (it's the only way I can think of to afford the new one that I want!) - haven't had much interest so far but please let me know if there is a market for it in the UK
Shaz, there is a market, but it's a limited one. And will depend where you want to use it. You will have the expense of coding (either local authority - and restricted area of operation, or MCGA) , and higher insurance. I expect bareboat is hardest to get cover for unless you have huge excesses. Then of course your maintenance costs will be much higher, and potentially urgent so you can get the boat back afloat for the next customer. Our summer is much shorter than greece's and so the likely no of rentals is less. And the days customers want your boat are the days you will want to use it.

If you like the idea of pay to use, then Bembridge outboards is the best price I've seen, but solent rib charter have an interesting approach for bigger fancier boats with a wider range and their 10 day card approach.

Other options to consider for reducing cost - shared ownership? Or a SIB?
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Old 08 February 2016, 08:58   #17
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Thank you. I'm really impress. Someone invest a lot of money and did great job : Rib Charter Fleet - purpose built Ribs for hire and charter

Big fleet, good RIB-s (probably RIBCRAFT if I'm not mistaken)
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Old 08 February 2016, 09:28   #18
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It depends on how you do your accounting of cost. For me I always went with more of a front end scheme. For example with a $20k boat the first hour cost $20k and the rest are free

There are many joking cliches that all have a thread of truth to them. "If you have to ask how much, you can't afford it."

Jason
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Old 08 February 2016, 09:37   #19
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if i ever think about costs i just think how much has she's spent on clothes, shoes & handbags makes me feel better, one life as they say enjoy.

cheers
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Old 08 February 2016, 11:54   #20
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Quote:
Originally Posted by jeffstevens763@g View Post
if i ever think about costs i just think how much has she's spent on clothes, shoes & handbags makes me feel better, one life as they say enjoy.

cheers

Oooh Yeah!!

(But Don't forget The Kids!!)...start adding that one up and it'll give you BrainFreeze!..
Bank of Mum & Dad and all that!!!
....No wonder I gotta Get out in Boat!!!....Some things are beyond Price!!!
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