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Old 17 October 2008, 13:00   #1
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I'm looking to start RIBin ... help!

Hi All,

I've been into boating for many years but I'm looking to buy or share a RIB and so I have joined RIBnet to get some advice. I've done my background and visited the recent boat show and RIB Shack Marine appear to be the leaders in sharing RIBs but this is all new to me. Can anyone give me some background on this, is it worth the money, will it really save me all that money on storage, maintenance etc? Is it a better option that buying a RIB? I also came across RIBshare on Google who offer a similar thing and I've heard Cobra RIBs are nice boats. Again, can anyone give me some useful information? RIBshare are on the East Coast but they will have a location on the south coast in 2009 according to boatsandoutboats' website. I thought they only sailed on the East Coast ; )

That's enough talking. If any of you are bored or have free time to help it would be much appreciated.

Many thanks... Sarah
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Old 17 October 2008, 13:30   #2
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I have to confess that I have never looked in to boat sharing but it sound to me like when the sun shines, if it ever does, some else will be using it. when it needs a repair, you won't know who broke it. when you want to fit your own toys, you won't be able to.

Sorry, all sound negative to me.

I say buy it, own it and use it as much as you can!
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Old 17 October 2008, 13:45   #3
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Have to say I'm with Ian on this one. Though I have no experience of boat share schemes, it seems to me that you will part with much dosh, have little control, and nothing to show for it at the end of the day.

If you can, BYO.

There are loads of people hear to help with buying/training/fittings etc etc etc. Happy to give you some pointers if you ever visit Dorset.

Best of Luck
BB (ADV PB Instructor)
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Old 17 October 2008, 14:45   #4
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Buy or time share

This is all going to sound terribly one sided, but I also think that your own boat cannot be beaten. All of my boats have sat on their trailers in the front garden, and even with one that I am only part way through fitting out, I still get a fantastic buzz when I open the curtains in the morning. For me, the thrill of ownership beats hands down all of the convenience factors of letting someone else do all the work.
However, I do not know your circumstances, boat ownership might present its own difficulties for you that some of us on here do not encounter. It has to be said that just turning up and driving off in 'your' boat for the day, has to be very convenient.
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Old 17 October 2008, 15:27   #5
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Two (well, four) guys I know have had joint owned boats - it ended in tears both times. It's a blame game mostly. I know that every time I launch for the day, something gets broken and, often, something else gets fixed. I'd hate to have to second guess another owner. Personally, I'd buy a smaller RIB and go it alone!

and, welcome to RibNet!
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Old 17 October 2008, 15:43   #6
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sarah,

Perhaps I can give the other side of the argument. I don't boat share but if there was a boat share in this part of the world, with the sort of boat I am interested in then I would be interested.

There are two different approaches. Either:

(1) some individuals get together and buy a boat together. This can work but can have some issues that need thought about as highlighted by others here, but actually probably the biggest ones are disagreements with your partners. Its more common in the yacht world than ribs for some reason. OR

(2) a company runs a rib sharing business where they take out a lot of the maintainence, who broke it? type issues. I think there might be differnet business models here too - as to who owns the boats etc.

I think sharing can work for you if

- You want a boat (or bigger boat) that you wouldn't be able to afford/justify on its own.
- You would only be able to use a boat a limited amount of time anyway (e.g. distance to coast, other commitments)
- You are unlikely to wake up one day and just want to use the boat
- You are the sort of person who plans to use the boat and still goes out if its a bit blowy or rainy
- You aren't particularly bothered about a boat as a status symbol or it being YOUR boat
- You are happy to base most of your boating from one place (thats not unique to sharing, and some sharing approaches will let you tow the boat elsewhere).

Unless I am mistaken SCM on here runs one of the sharing businesses. With the business approaches - possibly better to think of it as hiring a boat on a regular basis rather than owning one (although in some cases you do own a share).

Not sure how the costs compare, especially to south-coast boating. But here are some thinking points for even a relatively small (say 6m), newish boat, insurance (300), engine servicing (300), storage depends on where you want to store it - but for the user-friendliness that the professional sharing schemes offer (boat afloat and ready to go) you are probably looking at 2000+ a year. Flares, and even simple electronics etc can easily soak up another 300 every three years. And that doesn't include depreciation of the boat itself. I think some of the sharing schemes may provide lifejackets, waterproofs etc. Even basic training is going to set you back a good few hundred pounds. Add all that up and you are looking at probably 4K+ to get that sort of boating experience in the first year. It is quite possible to get into the second hand, diy type end of the market, store the boat in your driveway, service the engine yourself etc etc and own a small rib with a budget 10% of that - but that is not the proposition with the professional sharing schemes.

Most people on here probably own a boat themselves and so are probably of the opinion that sharing is a crazy idea. Many people here also like tinkering, tweaking and customising so the thought that the boat is not theirs to play with is alien to them.
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Old 18 October 2008, 00:12   #7
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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

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

Jim
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Old 18 October 2008, 03:31   #8
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I know a couple of people who boat shared, one was a disaster the other ruined an old friendship. I wouldn't be tempted in anyway. In my view, i'd go for a smaller solely owned boat rather than a bigger shared boat. Sharing schemes may work with yachts, but not small power boats.
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Old 18 October 2008, 04:18   #9
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Quote:
In my view, i'd go for a smaller solely owned boat rather than a bigger shared boat.
even if that geatly reduced the type of boating you can do?
Quote:
Sharing schemes may work with yachts, but not small power boats.
I can't see any reason why that should be the case though. I think its got to be about how its set up and the people involved. There are plenty stories of sharing disasters in the yachting world too. Possibly not such a good idea to share with anyone you already are good friends with - a bit like going into business with friends.
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Old 18 October 2008, 04:22   #10
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Hmmm...

Thanks everyone,

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). From what I can see, RIB Shack offer a fixed monthly fee where at the end of the agreement the boat is sold and a fraction of the sale price is divided between the members whereas RIBshare costs 495 PM for 6 days use per month (with a bigger RIB) and they offer more of a leasing agreement where the operation is effectively the same but it's not an ownership operation, the share implies that you are sharing the RIB not owning it so that could remove some of the falling out issues? More like a fast car club.. What do you think? RIBshare also offer a replacement RIB service so if there are problems you get a different RIB and 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. 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?

I'm still not sure... more help needed ; )

Sarah
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