Owning a boat is a dream for many Americans, but one that can turn into a nightmare of unforeseen costs. Many novice boaters don’t realize all the costs associated with purchasing a boat and wind up with an expensive driveway ornament aside their car instead because they can’t afford gas, insurance or the other myriad things boat owners must pay for.
In recent years, enterprising business people have begun offering a solution for the high price of boat ownership: Boat rental clubs. These clubs rent out their fleet of boats to members on a daily, weekend or even monthly basis at a discounted cost. For example, one marina in Ft. Lauderdale, Florida charges non-members $329 to rent a 21-foot bow rider, but a member of the club would pay just $136, not including gasoline.
Typically, boat rental club members must pay yearly dues in order to receive the discounted prices. However, once most boaters add up the costs of insurance, gasoline, storage, docking and maintenance, not to mention the actual purchase of the boat itself, they find that joining a rental club saves them money. Boat rental clubs may also offer their members other benefits such as discounts...
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