Why You Should NEVER Buy A Boat With A Friend. Here's some boat shopping tips if you are looking to buy a boat and you find the cost of the boat to be too expensive you might consider being a 50% owner of a boat and have a co-owner who pays for the other 50% cost of the boat. But is joint ownership of a boat a good idea and is it a good idea to buy half a boat? What are some of the pitfalls and problems with splitting the cost of a boat with a friend? This video looks at some of the real challenges in being a partial owner of a boat versus owning a boat outright if you are looking to buy a boat.

If you're considering buying a new boat or buying a used boat with a friend or family member to split or the expenses and costs of boat ownership hopefully this video will help identify some of the challenging aspects of owning a boat with a friend.

00:00 Introduction
01:29 Why people consider buying a boat with a friend
02:00 Joint boat ownership potential areas of concern
02:21 Boat usage concerns with joint ownership of a boat
02:55 Repair challenges with a boat that jointly owned
03:26 Upgrades to the boat can be an area of contention if you own it with a friend
04:04 Family members can make it challenging for joint ownership of a boat
04:28 Handling maintenance tasks and costs if you own a boat with a friend
05:35 How joint boat ownership relationships might be able to work

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