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Old 10-12-2006
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ktuna is on a distinguished road
Lease Back

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?
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Old 10-12-2006
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cardiacpaul is a jewel in the rough cardiacpaul is a jewel in the rough cardiacpaul is a jewel in the rough
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.
We are not primarily on earth to see through one another, but to see one another through

Some people are like slinkies: not really good for anything... but you can't help laughing when you push them down the stairs
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Old 10-12-2006
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GregRiach is on a distinguished road
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.

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