If there are others you can be flexible and fair with, a boat partnership can be rewarding for everyone.
During this time of economic challenges, it's hard to imagine that many of you out there are in a position to buy a new boat any time soon. But there is one good solution for acquiring a boat, new or used, and that's by simply sharing the cost with a partner. Over the years, I have owned a variety of racing, cruising and fishing boats with partners, and without the benefit of sharing costs, it would have been extremely difficult for me to actually own a boat. In my experiences, a partnership is a good solution to help spread expenses, build fleets and keep boats that would otherwise be unaffordable.