Understanding shared ownership risks helps protect your finances and friendships in co-buying scenarios.

Co-buying a boat with a friend can seem like an affordable way to enjoy the water, but it carries distinct financial risks. Shared ownership means dividing not only the initial cost but also ongoing expenses like maintenance, insurance, and repairs. Without clear agreements or plans for disputes and exit strategies, potential conflicts can arise. Recognizing these risks upfront allows co-owners to make informed decisions and safeguard their investment and relationship.



