Originally Posted by Limpet
I have been thinking of going in with two others. This cuts all my costs by 2/3rds. The other two might only want to take it out for a week at a time, so this might give me the opportunity to take it out for 3 months or so. We would still buy used, but only a non-chartered boat. No need to suffer all that depretiation loss over the first 4-5 years.
For your purposes buying
new might be a good decision. Any boat older than 5 years needs attention to wear items, new sails
, running rigging
and other issues stemming from corrosion/electrolysis. With 3 parties in the mix, you will likely disagree about the appropriate standard of maintenance
(another person's judgment about "good enough" repair or time for replacement may differ from yours) so you will need to formulate a detailed agreement and replacement/maintenance schedule in-advance and include a process to resolve disagreements. You might be better off to buy jointly through a charter
company and let them manage it with the understanding the three owners are the usual charterers. Just food