Community Forums

pwhittle · 02-08-2012, 06:04 AM

I understand people have reservations, but is there any feedback (good or bad) from someone that has actually done this?

Paul

336muffin · 02-08-2012, 06:05 AM

My question is....if you are such good friends, wouldn't you want to travel with them? I think this is a bad idea. Just my opinion.

H. Miller · 02-08-2012, 06:34 AM

Lost a good "friend" in a shared aircraft.... Now days we do not even loan tools, much less a car or motorhome!

Bee950 · 02-08-2012, 06:37 AM

Are you willing to pay for 50 percent of the damage your partner causes? Do they keep the sticks and brick house as clean as yours? How do you feel about cleaning up after them? If they take it on cross country trips and you take short trips, are you willing to pay for half the depreciation that they are eating up.

Its a bad idea anyway you look at it

gmadams · 02-08-2012, 06:42 AM

Don't mix friends and business. It can only lead to trouble. Been there, done that.

BigmoneySr · 02-08-2012, 06:47 AM

Bottom line NO partnership when owning your RV...Just you and your wife if your married

new rver · 02-08-2012, 07:07 AM

lots of con's. patnerships are hard.liability is the big one
safe travles bob,linda & missy

Rick Long · 02-08-2012, 07:16 AM

Good way to lose a friend... I'll be watching for you on Judge Judy.

HHIDan · 02-08-2012, 07:22 AM

If you decide to go ahead with this make sure there is a 'shotgun clause' in your agreement. Basically if one wants to get out he makes an offer to buy the other share at a certain price. If the other party refuses he has to write a check within 3 days or so... I might consider a partnership like that on a car but never on an RV...

Dogpatch · 02-08-2012, 07:25 AM

Quote:

Originally Posted by Arch Hoagland

Your friend has the RV for the weekend and runs over 5 people killing them.

You just bought the farm.

My opinion is it's a very bad idea.

That's a really good point to consider and I can't agree more. The liability! Who pays the 25 million for loss of life of the 5 people when you are sued.

Here is another. Your partner has an accident and it ends up in the shop for the two weeks you and family had booked the time off for and looking forward to.

There are just too many ways to create animosity and ruin your friendship.

As another said, find something you can afford on your own. They are out there if you look.

njs42 · 02-08-2012, 08:00 AM

My unqualified opinion:

Is this sort of thing illadvised, yes, but;

It does not take a lot of imagination to make a case that individual ownership of an RV is really a silly thing to do; but most of us prefer it that way for many of the reasons expressed in this thread.

However, people do joint ownerships all the time with boats and planes. Our son has a vacation home shared with three couples. It can be a way to have access to something bigger and better than you could afford alone or more reasonably something you just want. Most RV's sit and sit and sit unused, and people write in this site adnauseum about how it is better for tires and other systems to be used. This seems potentially very smart to me, with the appropriate assessmant of risk and covering those bases.

The secret seems to be the legal agreement and the adhereance to the agreement without egos getting involved and proper well thought out indemnification. An attorney may be advisable here. Everyone here who has mentioned the demise of friendships is correct., it is likely but not assured.

So what are you left with; your best judgement. How would you feel if your "partners' suddenly became adversaries, it happens? Can you handle the worst case scenario of risk? People can carry this off; who knows why; more mature, more detached, more resolute, established values from a different era than mine?

I would not do it, but I would respect (i'm no longer capable of much envy) someone who could as my son is doing. Perhaps we would all be better off if we all had the capacity to do this amicably. Few people do, are you and your partners in that category? The fact that there are risk does not necessarily make it a poor plan, it means the risk must be addressed and assessed before proceeding; carefully and thoughtfully. Getting feedback is a really good begining.

Would I, no! Would you, well maybe, let us know how it goes.

Good luck on what you decide.

Glenn and Kathy · 02-08-2012, 08:26 AM

And think about having to take all your stuff out of it when the partner wanted to use it and then having to hual it back in when it was your turn.

Glenn

Wayne M · 02-08-2012, 08:46 AM

Evertyhing that has been stated.

One more consideration. Which of the partnerships has the RV on Holidays? So it comes down to schedules also. You are sitting there at the house in May and you are informed of a very important get-together for the Memorial, and 4th of July weekends. You look to see you schedule and find your Partner has one or both of those weekends for that year. He/she has to be very understanding and cancel their plans, or you just have to flow with it.

It's to complicated. Definitely not for me. If you do decide to go ahead with this plan, please keep us informed of how it goes.

Good luck.