Joint ownership

DepSol

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I was thinking today about people who want to have joint ownership of a boat without the huge expenses of being on the south coast.

Who would be up for a boat share of say a Jeanneau Prestige 36 Fly Bridge without having to pay the VAT on it and have mooring fees of £100 a month no VAT inc electric and service charges no VAT with a labour rate of £30 again NO VAT. and Insurance of around £350.

Plus they would have the Channel Islands as a cruising area including the French coast with a boat full of diesel, clean and ready to run on arrival or just moored in St Peter Port to use as a floating home with which to have as a base for a holiday. Small RIB on the back with an engine big enough to tow a skier and all the latest Nav equipment and charts/Pilotbooks for the area. Fuel at 20p per litre (Soltron additised of course).

Flights are £68 pp or Condor for half that price from Weymouth or Poole.

So who's up for it

<hr width=100% size=1>Dom

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DepSol

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Too much! Bournemouth, Southampton, Gatwick, Stanstead and East Midlands are the best bets.

<hr width=100% size=1>Dom

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Happy1

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How much and with who?

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DepSol

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Its ok I was only looking for people who were serious, plus I have seen you moor your boat and I dont think a 36 footer can be done in the same way without destroying a pontoon or six! /forums/images/icons/smile.gif

<hr width=100% size=1>Dom

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Alistairr

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Is this a new business venture Dom?
Co-ownership would be interesting but it depends on who i might be co-owner with? And how much?
Are you thinking this is an aaffordable way for you to buy your next boat?

I may be interested....

Cheers...

Alistair...



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byron

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Dom! Don't even think about it. Joint ownership can be a nightmare. The other person (and you are also the 'other' person) leaves a cabin untidy, makes a mark, doesn't top up water or any of a multitude of things are all reasons for dispute. The craft is never your own and you cannot personalise things. Over the years I have seen many a close pal fall out over a boat. If you want to do something like that then buy a time share in one where a company looks after all the maintenance.

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DepSol

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Its just an idea where people who want to have a nice 36 foot fly bridge boat but cant afford it or the running costs can have a share of it and the use of it in a nice cruising area like the C I. I would not be co-owner as I prefer to have my own and do my own thing .

I would ensure the boat was moored, cleaned, refuelled, topped up with water, serviced, anti fouled and ready to go when ever a co-owner came along to use it. Even food shopping can be arranged to be on the boat on arrival. Navigation and waypoints would be all sorted for local navigation aswell as the relevant pilot and charts to back these up.

Think about the costs

36ft Jeanneau around £150,000
Mooring pa £ 1,200
Insurance £ 450
Servicing, antifoul etc £ 2,000
Total first year £153,650

3 people sharing = £51,216.00

2nd yearboat is paid for so only the running costs are needed. Obviously fuel etc is extra but that would be billed to the co-owner after he has left and I have filled up the tanks. Or they could alternatively fill the tanks themselves.

Only thing missing is a service charge from me for the looking after of the boat and arranging all the schedules.

Seems pretty inexpensive boating to me. What do you lot think?


<hr width=100% size=1>Dom

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milltech

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I think the problems are those Byron mentioned plus the way in and the way out. Not too long ago I needed to sell my boat a little faster than anticipated so I reduced the price and got a deal, imagine trying to release ones investment in a shared boat, it doesn't bear thinking about.

I did once almost get on board a deal with a pal, but he didn't like my conditions. I said, "either you buy the boat or I'll buy the boat and the other one will run it until he's spent the same amount as the buyer would have made depositing the money, and after that 50/50". It had something of the same feel without locking anyone into something they could not unlock later.

BTW we can "do" C.I. for £8.55 now AND ship lifejackets!

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Happy1

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That is a clever idea, you could use it at weekends for parties, sleepovers when it is not being used AND get paid without any cost. I may try that at Chatham, thanks for the idea /forums/images/icons/laugh.gif

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