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A number of families together own a boat as a syndicate. Each owner contributes to the upkeep in proportion to the size of their share of the boat. The most common syndicate size is 12 or 12 plus a half share. Owners of full shares usually get at least three weeks holiday on their boat each year.
Co-ownership is ideal if you have someone you trust who wants to buy a boat with you. If you can afford to buy a boat of your own, you may prefer to purchase one outright and share it on a peer network. Take your time and choose the right boat-sharing arrangement for your needs.
A SMART Boating syndicated boat share is one of the most affordable and hassle free ways to live your boating dream. Becoming a syndicate owner of a boat enables you to own your own boat at a fraction of the cost of buying it outright? ?as well as share all of the ongoing costs of owning a boat.
It's also a happy medium for friends and family members to mutually benefit from owning a boat. However, before you strike an agreement to buy a boat with joint-ownership, make sure everyone involved is fully committed.
Whether or not a boat share is worth it depends on a variety of factors, including the cost of the boat, the ongoing expenses, and how frequently you plan to use the boat. In general, boat sharing can be a cost-effective way to enjoy boating without the full financial burden of owning a boat outright.