Pros and Cons to a Joint Purchase

[Quads]

Let's hear them!
Pros and cons to a joint / partner type purchase of an RV with a friend.
Share the initial cost 50/50, as well the break and fix and maintenance. Our use (weeks / weekends per year) would be about the same, so no one person would be using it notably more than the other.

Pros and cons on this type scenario?

[bluepill]

Partnerships of any kind are a good way to mess up a relationship. No matter how much trouble you go to in outlining the terms and conditions of sharing, there will come a time when different views will create friction.

[Mr_D]

I think you'd need a contract spelling out who pays for what, what happens if one decides to pull out or dies etc. You need to have some way of controlling what can be sold and to who so you don't end up having to share with someone that cuases problems Just like owning a time share plane, you want it all spelled out and signed or there can be lots of problems later

[Magic Bus]

Tell us more. Are you 60 with a wife and your partner is 42, wife and 4 children? Your partner has no pets, you have three? Smoker v Non?
Do you have a agreement with partner about "loaning" the rig out ---- "his buddy "just" borrowed it to tailgate at the local schools football game".
What has insurance company said/priced with multiple registered drivers?
Personally, when I want to use my rig, I would hate to have to check a calendar to see if it's available. Just my two cents.
With that said, if its the only way you can experience the RV lifestyle, come along for the ride ---- we'd love to have ya.

[TXiceman]

Quote:

Originally Posted by bluepill Partnerships of any kind are a good way to mess up a relationship. No matter how much trouble you go to in outlining the terms and conditions of sharing, there will come a time when different views will create friction.

Ditto.

I want the RV as ALL MINE. SO buy yourself one you can afford on your own.

Ken

[Quads]

Quote:

Originally Posted by Magic Bus Tell us more. Are you 60 with a wife and your partner is 42, wife and 4 children? Your partner has no pets, you have three? Smoker v Non? Do you have a agreement with partner about "loaning" the rig out ---- "his buddy "just" borrowed it to tailgate at the local schools football game". What has insurance company said/priced with multiple registered drivers? Personally, when I want to use my rig, I would hate to have to check a calendar to see if it's available. Just my two cents. With that said, if its the only way you can experience the RV lifestyle, come along for the ride ---- we'd love to have ya.

Both early 40's, we have 2 children, they have none, but are hoping for one soon. Have not investigated insurance on this yet.
Good points, and agreed on them as well with the buddies loaning to buddies, etc.

[Senior Chief]

It sounds like the perfect way to destroy a friendship. Too many possibilities for misunderstandings and resentments.

If you can't afford a new one by yourself, buy a used one and keep your friend.

[TXiceman]

One thing that would have to be perfectly clear is that the RV would not be loaned out to any one else. It is for the exclusive use of the two owners and their immediate family ONLY.

Ken

[SarahW]

Quote:

Originally Posted by TXiceman Ditto. I want the RV as ALL MINE. SO buy yourself one you can afford on your own. Ken

I approve of this statement. I'm much too particular about "MY" stuff. This sharing thing would not work for me.

[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.

[bbeane]

Better be real good friends, and more than likely you will end up not being real good friends before you are done with the RV deal

[damdannyboy]

Wow! the only Pro, I can See is Cost Savings. Sounds like a Major Pain in the Butt.

[Steve N Sal]

To keep it simple, "BAD IDEA"! Whoever your partner is, they won't be for long.

[okie-dokie]

What about your fuel that was unused ? What if something is spilled on the floor,etc. and wasn't cleaned ? There are too many "WHAT IF'S" that could and will happen that can spoil any relationship. I wish you all the LUCK, personally I would not do it.