Thinking about a boat share

[changeman]

Having just sold our last boat, we are considering buying into/starting a yacht share, possibly in the western Med (Spain, Portugal etc). Main benefits seem to be ease of access from UK (including travel down by car) and the low cost of ownership.
What I need to know is, what are the disadvantages of shared ownership and why is there a distinct lack of boat share schemes in this area?
We would need a quarter share in any boat.

 

[ghostlymoron]

I investigated a boat share in the Ionian area and, on the face of it, it appeared to have a good deal going for it compared with chartering. However, I have noticed the same boats on web pages for sharing seem to remain available - ie unsold - for a long time and it occurred to me that it may be difficult to sell a share in an elderly boat when you wanted to.
Also - what happens to shared boats if and when they reach the end of their useful life? Are they scuttled?
I still haven't entirely rejected the idea of a boat share and, indeed, have met several contented boat sharers when sailing in Greece but there are many considerations.

 

[teejayem]

If I may hijack your thread and go off at a bit of a tangent.
I am considering ,due to my lack of practical skills,advertising for someone to have use of my boat on Windermere either with me on board or independently ,in exchange for maintaining and improving the boat (Hunter Horizon 273) and hopefully increasing my knowledge of sailing and maintenance.
I,m not lazy just ignorant and would want to be around when the jobs are being carried out.
Do you think this is a sensible suggestion or daft?
I did respond to a guy on scuttlebutt several weeks ago who was looking for sailing opportunities but despite a pm havent had the courtesy of a reply.
Would appreciate your thoughts and again apologise for jumping in

 

[NickiCrutchfield]

Having had a, successfully, shared boat with a good mate, I would suggest that you find a friend, a real one, and buy together. The value of a good friendship is a keen incentive to achieving the 'bendiness' required to share something as personal as a boat.
Partnership is a good idea, with huge potential pitfalls which need to be put beside the apparent, and often real, benefits.
Nicki

 

[whisper]

Yes, that's exactly what we've done. Provided you are always honest and frank with each other it should work well.
We've just got a basic agreement in writing as to our arrangement and what would happen if one of us wanted to terminate it.