Buying a Catamaran with a Partner?

[scarab]

Hi,

In the near future I would like to cruise on a catamaran for 6 months a year. In my situation that would be from november until april. I was wondering if there are people who have simular plans ? Buying a catamaran with a second couple and splitting all the costs would mean that the cat is always on the water and always is in good hands. Has anyone already have experience with such a operation ? Ant thoughts ?

Greetz,

Koen

[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.

[Densha]

did you find that second party to buy a cat with????

[imagine2frolic]

Nov. to April kind of leaves the good months for you? Of course that would depend on where you plan on picking the boat up, and leaving it?.......i2f

[SailFastTri]

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 for thought.

[DRS]

Have you considered Fractional Ownership? Time booking and maintenance scheduling can be managed by an independent 3rd party. Yes you pay for it but it makes for a built in referee if you need one and allows previously unknown individuals to become partners on the boat. Not saying its good or bad I've looked into it and came close but ended up doing different.

[Tropic Cat]

Hey guys. the original post asking the question was posted in January of 2007. I think he might have already bought a boat.

[imagine2frolic]

Rick,

You old guys are very observant......lololol.....i2f