Lease Back

[ktuna]

After looking at junk for three months I fell prey to a broker who says why not buy this newer boat or a new boat and lease it back to me in my charter business. Has anyone had any experience with a lease back boat? Pro and Con?
Thanks

[cardiacpaul]

Sure, sign here on this dotted line, you'll get somme weeks of use (depending on who else I've fgot scheduled) , I'll charter the tub for the other weeks, and give you a "cut"... oh, you'll be responsible for maint., fee's, taxes, and whatever else I can hide while I'm using your boat... feel free to get your own liability policy, cuz when one of the drunken fools I rent the boat out to falls overboard and sues the person with the assets... that would be you. The charter company owns nothing.

[GregRiach]

Hi ktuna

I have recent personal experience in putting a new boat into charter service. It is not a lease back as you describe but it may be of some interest to you. Send me a private message and we can discuss this off the board.

Greg