Insights, Advice, Brokerage, Case study, Community, Corsiva
The benefits of co-owning a boat: An interview with Rob and Holly

At Val Wyatt Marine, we’re always excited to share the unique stories of our customers and their boating experiences. Today, we dive into the world of co-owning a boat, a practical and cost-effective solution that has worked well for many families interested in exploring the local waterways. We had the pleasure of speaking with Rob and Holly, who co-own a Corsiva 595 Tender named Dorset with two other couples. They shared their valuable insights and experiences on how co-ownership has worked for them.
Dorset: A beautiful boat for shared adventures
Dorset is a Corsiva 595 Tender, a sleek and stylish vessel perfect for family outings and leisurely cruises. With a spacious layout that comfortably accommodates six people, this boat is ideal for enjoying sunny days on the river. Its compact size makes it easy to handle, while the elegant design ensures it stands out on the water. For more information about Corsiva, visit the brand page on our website.
Hi Rob and Holly. Thanks for your time. Firstly, what motivated you to consider co-owning a boat instead of purchasing one outright?
Rob: Initially, it was a financial decision. We have always been interested in boating but had reservations over the initial outlay, especially with small children. However, during the pandemic, we met someone who owned a vessel at Val Wyatt and he introduced us to the concept of co-owning a boat. Funnily enough, our close friends (another couple) also had the same idea – and we realised that sharing the cost and usage would make it much more feasible for us.
Holly: Exactly. We also thought about how often we’d realistically use the boat on our own. By sharing it with others, we could enjoy all the benefits without the full financial burden.
Brilliant. So how many families do you co-own the boat with?
Holly: There are three families that co-own Dorset. Once we started exploring the idea with our friends, they introduced us to another lovely family who were keen to join us. Although we didn’t know the third couple initially, we all get along well now and even socialise together outside of boating. We are all young families with small children, so there’s plenty of common ground.

How do you handle the financial aspects of co-owning the boat, like the initial purchase, insurance, and maintenance?
Rob: We purchased the boat through Val Wyatt and split all costs equally among the three couples. We keep a spreadsheet to track everything, including insurance, mooring fees, river charges and maintenance.
Holly: We usually take the lead in paying invoices and then get reimbursed by the other couples. It’s a system that works well for us, with minimal issues. For repairs, we generally split the costs, although if someone causes damage, they might cover a larger portion. It’s worked really well so far.
How do you schedule and share the usage of the boat? Is there a system in place?
Rob: We started with a shared calendar but found that a WhatsApp group works better for us. We simply ask if anyone plans to use the boat on a particular day and work it out from there. If two couples want the same day, one takes the morning and the other the afternoon.
Holly: The arrangement has been surprisingly smooth. We’re all busy, so it’s rare that we clash over the same dates. We also plan ahead for events like the Henley Festival or regatta weekends, so everyone gets an equal share.
Have there been any challenges with co-owning a boat? How do you resolve conflicts?
Holly: So far, we haven’t had any conflicts. Communication and flexibility are key. Because we’re friends, we’re mindful of each other’s needs and make sure everyone gets fair usage.
Rob: If there’s a disagreement, we would talk it through. We haven’t needed a formal voting system because we’ve been able to handle everything amicably.
Holly: Absolutely. We all make sure the boat is stocked with shared possessions, such as a set of glasses, cushions, blankets, cleaning products, bin bags etc. We all have our own jerry can for petrol, and if one couple takes some drinks from the storage, they always make sure they are replaced.
What are the biggest benefits you’ve experienced from co-owning a boat?
Holly: The main benefit is financial. Sharing the costs makes boating affordable. Plus, it’s nice to have others to share the experience with and help with the upkeep.
Rob: We also appreciate that co-owning the boat means it gets used more often. If it was just our boat, it might sit unused for weeks at a time. This way, it’s almost always being enjoyed by someone.

Do you have any advice for families considering co-owning a boat?
Holly: It’s a great way to test the waters, so to speak. You get to enjoy the boating lifestyle without the full cost and commitment. It’s important to have clear guidelines and trust among co-owners.
Rob: Make sure you’re comfortable with the people you’re co-owning with. Open communication and flexibility are crucial. If you have a good relationship with your co-owners, it can be a wonderful arrangement. We know other co-owners that have drawn up legal agreements for their boat. Whilst that is a perfectly good idea, we didn’t feel the need to do so.
So, what are your plans for the future?
Rob: This is our second full season with Dorset. It is a beautiful boat and the previous owner kept her in an immaculate condition. We have enjoyed co-owning the boat to such an extent that we are now exploring the idea of upsizing.
Holly: Yes, as all of our children get bigger, we will eventually need more space. Each couple has thoroughly enjoyed the past couple of years – we have definitely got the bug. Owning a boat is both relaxing (when on the water) and excellent for socialising. We have group get togethers at both the start and end of the season, which are always fun.
Very exciting. How has your experience with Val Wyatt Marine been?
Rob: Very positive. They were helpful and supportive throughout the buying process. The facilities are also first class and there’s a friendly atmosphere. Overall, we couldn’t be happier with their service. They’ve made the whole experience enjoyable and stress-free.
Holly: I agree. We currently moor Dorset in the marina and the team also lift, store and maintain the boat for us during the winter months.
Conclusion
Co-owning a boat can be a fantastic way to make boating more accessible and enjoyable. Rob and Holly’s experience with Dorset shows that with good communication, clear agreements, and a bit of flexibility, it’s possible to share the joys of boat ownership without the full financial burden. If you’re considering owning a boat but are hesitant about the costs, co-ownership might be the perfect solution for you. At Val Wyatt, we’re here to help you explore all your options. Contact our team on 01189 403211.