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Old 18 October 2008, 04:26   #11
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Originally Posted by bedajim View Post
Look at how many sunny weekends we had this year, if you had a 25% share you could only of used the rib on 25% of those weekends
Many people on here probably only used their boat on 1/4 of the sunny days anyway, because of work, family, other commitments. If you know two months in advance that the boat is yours that weekend then you can plan your life around that - if it happens to be sunny thats a bonus. Afterall if we only owned our boats for use in nice weather we would all have emigrated.
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If the share rib is based in Southampton what happens if you want to go to Cornwall for two weeks holiday can you take your rib, there's nothing worse than watching other people using their boat when yours is on a trailer somewhere else.
Do you want to be based in one port, my wife loves to go out on the boat because we go to different places, some of them we would never of gone to without the rib
with an informal arrangement that is obviously dead easy - but at least one of the bigger sharing companies (Lynx?) does let you trailer the boat.
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Old 18 October 2008, 04:39   #12
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Thanks everyone,

Keeping a RIB on my drive and having to launch it, trailor it etc is one of the put-offs of owning one. Being able to turn up and drive then leave everything else to the experts sounds brilliant.

Sarah
Sounds to me like you are starting to answer it for yourself. Sure there are ins and outs between the different 'share' deals, but I think that if you keep it professional, and use one of the bigger, reputable, share companies you may be OK. One point to consider, with the current financial conditions I do not beleive that we have seen anything like the full impact on the leisure industry, and the boating industry in particular yet. Check the stability of any company that you consider, make sure that your investment is safe should they go under!
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Old 18 October 2008, 04:56   #13
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Here are the "commercial rib sharing" schemes that I know of:

Lynx Sports

http://www.lynxsports.co.uk/lynx_rib_club.html
Not sure it is technically a share scheme - as I'm not sure you own a share of the boats, but you do share the use. Joining fee, then 600/pm. Scorpion ribs. Based Lymington. Garunteed minimum use of 42 days p.a.

Rib Shack Marine

http://www.ribshackmarine.co.uk/faqs.html
Various Ribeye (from 6.5m - to 9.5m with cabin). Based Southamton. Not sure on costs our legal ownership.

Ribshare

http://www.ribshare.co.uk/ribshare.html
Cobra ribs. About 600/pm. Gets you 60 days pa. Based east coast. Seem to be similar to Lynx above in that you don't own the boat.

Pure Latitude

http://www.purelatitude.com/boats/
Mix of boats (sailing, & ribs). Everyone seems to be able to access all the boats (i.e. not sharing in a single boat). Based in Hamble. The Rib is a ballistic. Annual costs from 3000 per annum depending on usage. That would get you 22 days on the rib. Once again its not shared ownership its shared use.

I am sure there is another one which is genuine shared ownership (i.e. you own a specific share of a particular boat).
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Old 18 October 2008, 05:02   #14
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Check the stability of any company that you consider, make sure that your investment is safe should they go under!
I an that is a very good point. If you are buying into a genuine shared ownership scheme then I would suggest it would be worth a lawyer checking out the ownership issue. If it is a shared use scheme then they seem to be mostly monthly payments so a lower risk but I would want to see any refundable deposits were properly protected in a client accout. (If you are new to the boating scene - search google for Peter Opal marine for how it can go wrong).
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Old 18 October 2008, 05:13   #15
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If it's 495 per month that's 82.50 per day less fuel.. That's a cheap family day out! Isn't it?
sarah - firstly you missed the vat. That makes it essentially 100/day. Then realistically you won't be able to use it every time you are allocated, e.g. bad weather, that family wedding, partner can't get the same day off work. If the scheme is flexible and so are you I would think you will use 80% of your allocated days. Now we are upto 125/day plus fuel. Now fuel... they are going to provide at marina prices. So thats probably 1.30/L at the moment. A 200 HP engine is going to burn 50 L/hr unless used very conservatively. As you only have limited usage you are going to use the boat for longer days than someone who can pop out for an hour whenever they feel like it. Before you know it you could have spent over 400 on your family day out.
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Old 18 October 2008, 05:21   #16
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sarah - firstly you missed the vat. That makes it essentially 100/day. Then realistically you won't be able to use it every time you are allocated, e.g. bad weather, that family wedding, partner can't get the same day off work. If the scheme is flexible and so are you I would think you will use 80% of your allocated days. Now we are upto 125/day plus fuel. Now fuel... they are going to provide at marina prices. So thats probably 1.30/L at the moment. A 200 HP engine is going to burn 50 L/hr unless used very conservatively. As you only have limited usage you are going to use the boat for longer days than someone who can pop out for an hour whenever they feel like it. Before you know it you could have spent over 400 on your family day out.

Careful Polwart, you'll put the poor girl of this fantastic activity before she has even started
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Old 18 October 2008, 05:27   #17
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their boats are on pontoons so it's as they call it an 'arrive and drive' service. Keeping a RIB on my drive and having to launch it, trailor it etc is one of the put-offs of owning one. Being able to turn up and drive then leave everything else to the experts sounds brilliant.
And thats what I do but still 'own' my own boat. The marina next to me operates a dry berth facility, where you phone them up 40 minutes or thereabouts (depending on whats on) before you want to go out on the boat and when you arrive,the boat is on the water tied up and fuelled ready to go, when you come back you tie up and walk away tell the office you're done, and the lads recover it onto your trailer wash it and store it for you.

I dont fancy the share idea myself, cant stand it if things get shifted where I dont like em, and stuff isnt how I left it. I think Mollers had a good point about relationships with others and how it can change things .. That said it obviously works for some
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Old 18 October 2008, 05:30   #18
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sarah - firstly you missed the vat. That makes it essentially 100/day. Then realistically you won't be able to use it every time you are allocated, e.g. bad weather, that family wedding, partner can't get the same day off work. If the scheme is flexible and so are you I would think you will use 80% of your allocated days. Now we are upto 125/day plus fuel. Now fuel... they are going to provide at marina prices. So thats probably 1.30/L at the moment. A 200 HP engine is going to burn 50 L/hr unless used very conservatively. As you only have limited usage you are going to use the boat for longer days than someone who can pop out for an hour whenever they feel like it. Before you know it you could have spent over 400 on your family day out.
Are you for share schemes or not? The absolute killer would be the weather. Sods Law will dictate that the weather will not play ball on your allocated days and the Sun will beam on the other guys days. In short, you can't up and go with the weather as most of us do.This would do my head in.
I see no enjoyment in bobbing about in crap weather because it's my w/end. Even if the shared scheme is cheaper, it's still enough money to waste. In my view these schemes are for city dwellers that don't want anything to do with the hassle of boat ownership, can afford to pay their share even if they don't use their allocated time. They possibly plan a holiday and book the boat accordingly.
Sarah, there are plenty of boat yards that will store the boat for you and launch it ready for use. Yeah, it costs, as does boat ownership period. But at least you get maximum use/cost inline with the weather.
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Old 18 October 2008, 05:31   #19
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Careful Polwart, you'll put the poor girl of this fantastic activity before she has even started
Not as much as an unexpected fuel bill would. As you will have gathered I do think the sharing schemes could be useful for the right person - but I don't think they are a cheap entry into ribbing.

Sarah we have no idea what your budget or "expectations" are from a rib, but if cost is important there are cheaper ways for to get you family days on the water... they just involve smaller boats with smaller engines.
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Old 18 October 2008, 05:49   #20
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Are you for share schemes or not?
I am generally in favour of the idea. However I think it is important that Sarah has a realistic expectation of what the cost of a day on the water in one of these boats will be. Fuel is a major cost of ownership of any rib. It is noticeable that the shared scheme "budgets" to compare costs all ignore fuel.

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In short, you can't up and go with the weather as most of us do.This would do my head in.
and as I said in my original post that is something that won't suit a lot of people - but for others, who can't just drop everything to go on the boat because its sunny today it will make sod all difference (in fact it would be nice to think - its sunny today shame its not my day for the boat, rather than its sunny today shame I've got to work/be back to pick up the kids from XYZ etc).
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I see no enjoyment in bobbing about in crap weather because it's my w/end.
I said that too - if you are the sort of person who is sensitive about the weather probably not for you.
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In my view these schemes are for city dwellers that don't want anything to do with the hassle of boat ownership, can afford to pay their share even if they don't use their allocated time.
yes although I think I said distance to coast rather than using your usual "city boy" prejudices! I'm only 20 minutes from my boat - but much prefer to use it in more picturesque waters 2 hours away. If there was a boat share there it would be much better.
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Sarah, there are plenty of boat yards that will store the boat for you and launch it ready for use. Yeah, it costs, as does boat ownership period. But at least you get maximum use/cost inline with the weather.
so that will be not very much this year then!
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