Join Date: Nov 2009
Thanked 20 Times in 19 Posts
Rep Power: 11
Re: Value of current owner's assistance?
The value depends on the person that is buying the boat. New sailor? Big step up? Experienced? Those help quantify the value.
I bought my first boat new and had the help of the dealer and crew in commissioning it, initial sailing, and fist year issues. The one staff member that I worked with added tremendous value for me and got my kudos to his bosses and others. We became friends and still see each other 16 seasons later.
Spring forward 10 seasons of ownership and I decided to sell the boat. Family and friends were not nearly as enthralled with sailing as I was. I sailed the hell out of the boat, but mostly single handing it. Decision was tough but boat did sell at a reasonable price a year later. If it had not sold at a fair price I would still own it.
I met the new buyer at closing. Shared all of my logs, notes, and also lists of commissioning and de-commissing practices that I had used. Generally a road map. In addition, the boat was completely stripped of everything as it was late November in northern Michigan. My practice was to take everything off, and it was stored at my home and barn. No reason in either of our minds to attempt to transfer everything to his home until spring. We both knew the broker, and he was the one that suggested waiting.
Fast forward to spring and he got his stuff, and I helped with launch, rigging, set up, and initial first sails to familiarize him with boat. He was a relatively new sailor with just some initial ASA classes before purchase. We sailed together on and off that first year and I also helped him with his first de-commissioning. Following season was a repeat, and he was finding that his family and friends were not as into sailing as he was. Familiar scenario! At the end of that season I had the bug to buy another boat. I wanted to sail when I wanted to, no matter if someone else wanted to go or was around.
When I discussed my plans with the new owner of my old boat he came right out and said that we should find a better option for both of us. He did not care whether I sailed his boat when he was not using it, but he enjoyed sailing with people and I was the most available that he actually enjoyed. I did not have a comfort level of using someone else's boat all the time without some skin in the game. We finally came to an agreement that worked for both of us. He kept the boat as his asset. We split ALL costs evenly including maintenance, storage, slip charges,insurance, etc. Because I am more local to the boat I do some additional cleaning and checking the boat in the winter. Those additional items were not in our agreement, but he owns the asset so I get a little extra good feeling by doing a little extra.
Was there added value in my helping him in the beginning? Can't put a dollar number to it, and you certainly cannot expect to get the same result, but we certainly think that there was value. In our case it is now six seasons since I sold the boat. Four of those seasons we have had our agreement. If I had taken the check and walked away I would not be sailing anywhere near as much unless I bought a boat of my own again. His learning curve on the boat, and sailing in general, was enhanced
We each average about 30 days a year of sailing. Most of those together now, but the first year was probably only about half the time because of our schedules. We also sail with a couple of other guys in Europe each spring. I am sailing more each year than when I owned the boat. Worth every penny to both of us.