Short Wave Sportfishing wrote:


One precaution - if you are doing this on a partnership deal with
somebody else, I'd seriously consider not doing that.

98% of joint ownership deals never work out.

I'm not sure if 98% is a good estimate but it *is* a serious consideration.

I owned a boat with a friend years ago and it worked out very well. It
was just an 18 foot bowrider so there weren't too many things that
couldn't be worked out without any discussion. On a larger boat you can
expect more maintenance issues and expenses that could turn it into an
ugly partnership.

As long as you can agree on splitting the maintenance, insurance, and
repair costs and filling it up with fuel at the end of each day, your
biggest concern will be how to split the time on the boat. Holidays are
the toughest but, in my case, we often boated together with the women.

If your boat partner is financially irresponsible or unstable then you
should reconsider. In the 5-6 years I shared a boat we never had a
problem but there are a lot of stories out there that don't have the
same results.

Dan