Co-owning a boat?

[zook]

Ive heard of this for bigger vessels, but is this something worth considering for a 15K boat?

The boat in question is a 94' 2655. The sellers name is Larry, heres the description.

http://seattle.craigslist.org/tac/boa/469251459.html

$21,000 or best offer. I've had this boat since 2001. It is attractive, fast and dependable. It has the following features:

30' galvanized Caulkins trailer /
Hot and Cold pressure water, with shower /
Rear deck washdown hose (hot and cold)/
New U-joints, gimbal bearing and boots in outdrive /
New exterior upolstry / New propeller /
17" LCD TV/DVD with hidden wiring and digital antenna (reception clear as cable) /
Nice new stereo/cd player /
1200 watt hidden inverter (all you see is a wall outlet with a rocker switch) /
New manifolds, risers and engine two years ago (Waterhouse Motors) /
New alternator /
New Starter /
New power steering pump /
New water pump for cabin water system /
Queen sized rear berth /
Doube forward v-berth /
110-12 volt refrigerator /
2 burner electric/alcohal stove /
2 new bilge pumps /
Shore power with cord /
Macromater toilet with holding tank /
Fish finder /
Adult and children's life jackets.

Its interesting to me, it has the potential for a horror story or a great partnership.

His ad started out at 24K a month ago (I know).
Does this seem overpriced even at 15K . One thing NOT stated in the ad is, its a 5.0L not a 5.7... big difference or not? He said we were going 28mph with 3 adults and 2 kids on it today.

Im really on the fence here. Another boat I liked yesterday was a '80 2750 with a fresh rebuilt volvo/penta and a trailer for $8500

 

[pine island fred]

Re: Co-owning a boat?

My opinion, it is very overpriced. Successful parternerships rairly work. If you want to stay friends with this potentional co-owner, do not go in parterniship. Buy a boat on your own. If it is a relative, thats even worse. Hopefully others will jump in with an opinion, maby successful. FRED

 

[88FW200Horizon]

Re: Co-owning a boat?

Zook, Takes Freds advice and RUN away from any boat partnerships! It's tough e nough sometimes to own and maintain a boat, let alone the problems related to who damaged what last! Do your homework and buy something you can affor to run and keep running, there sure are lots of great deals out there right now.

 

[tashasdaddy]

Re: Co-owning a boat?

totally agree with all said. but, i am in a successful partnership with my sister, but that is very unusual.

 

[stevens]

Re: Co-owning a boat?

Been there, done that ... never again!

Get your own boat and treat/use/maintain/upgrade/keep/clean/sell her just as you like. A co-owner will only mean interference and potential aggravation in all these aspects of boat ownership.

 

[FREDDYPD]

Re: Co-owning a boat?

It had been suggested to me also and I didn't like the idea. Good partnerships are hard to come by.

 

[Andy in NY]

Re: Co-owning a boat?

i thought about doing this with my brother in law, then we both realised that there would be fighting over who gets to use it when. its like buying 1 mp3 player for 2 kids to share. not gonna work.

 

[Texasmark]

Re: Co-owning a boat?

We went through the reasons a couple of weeks ago on another boat sharing thread.

RUN!

Mark

 

[stevens]

Re: Co-owning a boat?

Here's that other thread:

http://forums.iboats.com/showthread.php?t=224709&

I guess the verdict is pretty clear....