Time-share anyone?

[Sailing Soon]

Hi,

I'm considering buying a time-share in a mid 30 foot boat. It allows up to 4 weeks per year, and has a low yearly fee (less than 2k per year).
Has anyone any experience in doing this? Anything to watch out for?

Cheers.


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[weavis]

I have had time allocated shares in an aircraft, an apartment and a canal boat.

Sucked on a lot of levels for me. I wanted more usage than I got from each of them.

Suits some but not for me..

[leftbrainstuff]

Does that annual price include moorage, maintenance, insurance etc?

I suspect not. Unless there are 10 co owners. 4 weeks each and some timeout for maintenance and turnaround.

None of the above makes me enthusiastic about the deal. Except for the owner who could basically sell the boat over a couple of years through fee recovery.

[Sailing Soon]

This particular time-share includes insurance, maintenance, fuel etc so it's only $500 per week for a no frills charter (sort of). My question is mainly what to watch out for. I'm thinking of buying this timeshare in lieu of chartering until I get my own boat to Australia in 3 or 4 years.


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