Sharing a boat

[hunter0527]

My cousin seems interested in going in on the purchase of a boat. does anyone share a boat? pros cons to that. i mean he is family in all and I trust him completely but has anyone had bad/good experiences with this?

 

[Ezrider_92356]

Re: Sharing a boat

BAD IDEA!! boats and repairs can become quite costly as well as a boat is not like a car i could see it causing problems

 

[tashasdaddy]

Re: Sharing a boat

best way to hate a cousin. you have to spell everything out, who pays for repairs when it breaks. he got drunk with a boat load of chicks, and ran it into a tree. ran over a submerged log. didn't put oil in the gas, burnt up the motor.

 

[Bondo]

Re: Sharing a boat

BAD IDEA!!

Ayuh,...........

For all the reasons mentioned,+ More..................

 

[hunter0527]

Re: Sharing a boat

even if everything is split 50/50 with cost, repairs, anything else needed? just trying to get a idea here... dont hate the messenger! thanks for the replies!!!

 

[SpinnerBait_Nut]

Re: Sharing a boat

It will never work.
There will come a time when you 2 can not agree to disagree and then the fighting starts.
Trust me, been there done that.
Buy your own boat and invite him to come along and vice versa.

 

[JB]

Re: Sharing a boat

Would you share your wife/main squeeze?

 

[nitsuj]

Re: Sharing a boat

My dad and his brother tried it once. They didn't end up hating each other, but they could have had they not eventually agreed to just drop the whole deal and my dad bought him out of it. You can agree ahead of time to split 50/50, but eventually, one of you will get burnt.

Fer instance, one of you works more than the other. So the one with the more flexible schedule ends up using it much more than the other. So, the one using it less resents having to split routine repairs, since he's not putting as muh wear and tear on the boat. Ok, so you guys go out for a beer an discuss it and decide the heavier user will now pay 75% of regular maintance. Crisis avoided. Wait, now you have a guy who pays more for repair, and he's using it more, and keeping it clean. One weekend you both want to use it. The guy using it less feels he's entitled to using it since he didn't get to use it last weekend. The guy using it more feels he should get to use it because he just paid more for a service, plus, he bought spark plugs last month and didn't bother to add it into the boat expense list.

It can be a mess. A big mess. Don't do it. Seriously. Even if it means you have to buy less of a boat. Own your own boat, 100%.

 

[rndn]

Re: Sharing a boat

Don't do it!! It's a good way to ruin a relationship.

 

[Silvertip]

Re: Sharing a boat

There was another recent post on this same topic and the result was about 50:1 for not doing it. You will likely run into situations where both want to use the boat on holiday weekends. When your turn comes something will be broken and the other half will deny he/she broke it. Your weekend gets screwed up because of it. An that's just the logistics side of the issue. Then there are the "I thought you checked the oil!" as both of you stare at the hole in the block. Or - "you dumb a## -- I told you there was shallow water over there!" as you stare at the prop blades folded over and the hole in the outdrive. Think about this very carefully.

 

[freddyray21]

Re: Sharing a boat

ditto

 

[bomar76]

Re: Sharing a boat

Save yourself a lot of time and effort, and just go straight to the lawsuit phase of your proposed arrangement.
That's where these normally end up.

 

[tashasdaddy]

Re: Sharing a boat

i am in a 3 way partnership, with my sister and bro in law. i did not want an I/O, they did, so the agreement was i would not maintain the engine and outdrive, goes to the shop. other daily maintainance, we split. they do use the boat much more than i. but we bought it so we could have a boat big enough for the whole family to gather on. i have 3 other boats and several PWC's that i enjoy.

 

[dimock44]

Re: Sharing a boat

In a word DON'T

 

[Blue Water Runner]

Re: Sharing a boat

I once owned a boat with a friend when I was a teenager. I bought the motor. He bought the boat. He ended up buying the motor from me and I ended using the money for a downpayment on a boat. There was a lot of conflicts over usage.

Three words................

Don't do it!​

 

[Texasmark]

Re: Sharing a boat

My hat goes into the ring also.............not no but hell no. The main reason is neglegence (regardless, deliberate or accidental, doesn't matter) that goes unreported (could be an honest forgot to tell you type thing) till it's your turn to use it and you find out too late things like tas said.

Mark