The costs of owning a boat in LA
Owning a boat alone means paying for the boat, a slip, insurance, bottom cleaning, and every repair, whether or not you used the boat much that month. That's why so many boats sit unused.
Owning alone vs. a 1/4 share
| Owning alone | 1/4 share | |
|---|---|---|
| Buying the boat | You pay for the whole boat | Buy-in from $4,000 for a 1/4 share |
| Slip fee | 100% yours | Your 1/4 in monthly dues |
| Insurance | 100% yours | Your 1/4 in monthly dues |
| Bottom cleaning | 100% yours | Your 1/4 in monthly dues |
| Repairs and maintenance | 100% yours, whenever they hit | Paid from a separate shared account |
| Time on the boat | Every day, if you can use it | 7 guaranteed days a month |
| Selling | Sell the whole boat yourself | Sell your share, with our help |
Exact dues vary by boat and marina. Call (310) 702-4423 for current numbers.
What you get for a share
Buy-ins range from $4,000 (Hunter 27) to $10,000 (1979 Morgan Out Island 41). Your name goes on the DMV title and you get 7 guaranteed days a month. Read how a boat partnership works or see boats available now.
Straight answers
What are the monthly costs of a share?
Dues cover your 1/4 of the slip fee, bottom cleaning and insurance. The amount depends on the boat and marina, so ask us for the current figure on the boat you like.
Are there surprise bills?
Repairs and maintenance are paid from a separate shared account, so you aren't hit with a lump sum when something breaks.
Can I finance a share?
Financing is available on some boats.
Is a share cheaper than a boat club?
It depends on the club and your use. The difference is that with a share you own part of the boat and can resell it. See our boat club comparison for details.