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Old 18 October 2008, 06:15   #21
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Originally Posted by Polwart View Post
............rather than using your usual "city boy" prejudices!
Although I don't agree with all of your thoughts on this subject, I did think that you were making some valid points. Unfortunately, you couldn't resist the added idiotic remark, as usual.
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Old 18 October 2008, 07:36   #22
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possible alternative

sarah,

have you considered just bareboat chartering to get you started. that way you can test the whole, use it only when pre-booked, concept out. I would have thought you were looking 300 ish per day for a weekend. (+fuel). Not as cheap per day as the shared use model if you use it for the full number of days.

But without the commitment of a one year contract if you decise either ribbing or that occasional use doesn't work for you.
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Old 18 October 2008, 08:00   #23
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Originally Posted by sarah_muller View Post
Wow, it's very one sided. It seems that people don't really like or perhaps understand the sharing (maybe I can get some marketing/PR work from them). Also as Polwart lists the 'other' costs of owning a RIB they seem to pile up and with all this in mind the fixed fee deal is a good idea... isn't it? If it's 495 per month that's 82.50 per day less fuel.. That's a cheap family day out! Isn't it?
The big cost of owning any boat is not the initial purchase. There are some great deals going at the moment - it is very much a buyers market so you could get yourself on the water with your own boat that suits what you want to do with it.

Anything you can do to control the "cost of use" will help, this includes the location of the boat and or the ability to trailer the boat to other locations. With the various share/lease schemes the boat is designed to be marketable and not affordable.
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Old 18 October 2008, 09:57   #24
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Hi again,

Malthouse, what do you mean they are designed to be marketable and not affordable? If I was to buy a Cobra RIB it would cost me about 600 per month on HP with a 20% deposit according to Lombard. I'm not saying this is what I would do because of the interest but 495 all in (RIBshare or Lynx) is more affordable than 600 PM for just the boat.

Polwart, bareboat is an option but this year I got out on other boats about 20 times (not all RIBs though) in the summer period so that way would quickly mount up so not to keen on it and I've had a taster and know what to expect and want more! ha ha.

RIB stands for Rigid Inflatable Boat doesn't it, so if it's rigid why are you lot harking on about the weather, reality check, this is the UK, we don't get that stuff anymore.. ; )

I'm a "city girl" but I'm not on millions per year bonuses ha ha and I wouldn't want to waste money not using something I buy/share/lease.

So looking at a Cobra 755 (you might of guessed but I like the look of that boat) what would dry stack cost per month? cleaning etc too? RIBshare list these costs:

Boat insurance - 50 per month
Marina fees - 250 per month
Maintenance & cleaning - 40 per month

Total - 340 per month

Are these costs accurate?

Sarah
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Old 18 October 2008, 09:57   #25
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One other point

I've been out on a cruise last year where one of the other ribs was on a shared ownership, the owner for that day drove like a total prat hammered the boat, engine etc all day.
I recently had lunch with another ribber who was with us that day and we both remembered the driving and agreed you wouldn't want to be one of the other 3 owners
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Old 18 October 2008, 09:58   #26
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495 per month just gone , its like renting a house when you could have a mortgage and buy it .
one good point about boats is that they hold thier value very well especially if you buy used , I would rather buy the boat or even take out a loan for the monthly amount if you don't have the capital , at least you will get a good lump back from your investment .
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Old 18 October 2008, 10:39   #27
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On the flip side a lot of light aircraft are group owned , BUT , to fly one you have to be traained & checked out by the CAA. In this way the abuse is less , but still happens. Boats however need no training ( in theory) , no experiance , and no being checked out.

As a try out I'd say a good idea & then if you like it buy a boat. If you dont like it you wont be loads out of pocket, with a boat you dont want ,& aren't using .
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Old 18 October 2008, 10:42   #28
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Sarah,

Rib Shack seem to have got it right, there is a guy called Andy B on here who has a share in a 6.5 Ribeye called Darwin. I know that he raves about it and the issues about having the boat when you want were not a problem because I think that Ribshack facilitates it for people to use one of the other shared boats when theirs is already booked.

I know that Andy never had a problem getting a boat when he needed.

There have been a couple of articles about Ribshack in Rib International Magazine if you are interested I could dig them out for you. If you PM me you email I will send them to you.

It is certainly a carefree way to get into Ribbing

Chris
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Old 18 October 2008, 10:47   #29
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Quote:
Originally Posted by sarah_muller View Post
Malthouse, what do you mean they are designed to be marketable and not affordable?
If you were buying your own boat you would get the right engine and the right electronics based on your planned use and budget.

The RIBs you are likely to see available as part of a business will not have been equipped in such a way, more emphasis will have been put on appeal than on running costs.

I imagine.
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Old 18 October 2008, 10:50   #30
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I'm gonna be as blunt as a turd here, but this is smacking of champagne taste on beer money.
Sarah, your speaking of 45k Cobra ribs, but trying to do the whole thing on the cheap. Why not buy a 5yo Ribcraft 585 for 15k, run it, see how it goes and then flog it for 14.5k 2yrs later. It'll be yours to use as and when you like, dry stacked at your convenience. I'm sure it would cost you less then a sharing scheme.
Also, if you're spending so much time on yachts etc. belonging to others, when do you intend to use this rib?
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