DutchmenSport wrote:
IF you could find someone who is willing to go into a partnership with you, I think you're asking for a logistical nightmare. Who's insurance policy will carry the trailer? And what happens if the other person is using it when it gets damaged?
You use it a couple weeks of the year, what if the other partner is not ready to return it to you yet?
You have your camping supplies, they have theirs, You're loading and unloading and you have to store your stuff, every time there is a switch.
Who's responsible for the maintenance, cleaning it up, washing it? What happens if the other partner turns it over to you and its filthy dirty inside and out?
Will you be getting a loan? or paying it all upfront? If getting a loan, what happens if the partner fails to make their share of payments (and they have the camper in their possession)? What happens if they quit making payments completely? Where do you store it when no one is using it? Who pays for that?
Tow vehicles? Each partner will need to make sure their own tow vehicles are adequately equipped to tow? What if the other partner feels YOUR's is not safe, or good enough, or too risky. I see a fight occurring, a bitter disagreement.
I think it would be easier for a couple to go through a divorce than to see an arrangement like this end up in court when each partner is screaming "foul" at the other! Too risky in my opinion. A house, or a time share is a different matter. It doesn't move, and with a time share, you really never truly "own" the property, you are only purchasing time to use it. For a camper, on wheels, that moves, and can disappear! Um.... well ... I'd NEVER EVER EVER EVER .... EVER even "consider" such a proposal. Never!
You need to either bit the bullet and purchase the camper yourself and assume all responsibility for for, or as suggested above, rent one for the time you want to use one.
But if you do happen to find someone who is willing to take the risks with you, at least now know some of the issues you're going to have to work through to make it work. And may I STRONGLY encourage you, if you do, hire a lawyer to draw up a contract between all parties involved. "He said," "She said," is very hard to uphold in court when things go bad. (and they probably will.)
All good points... and adding another for something to think about.
What if one of the owners needs to move to a different part of the country? How would the co-ownership be legally split? Seems a buy-out clause would have to be present and who would do the buy-out... or more importantly, who would be in a position to do the buy-out?
OP, I do wish you luck but also feel you may end up with a lot more problems to deal with by trying to form a TT partnership.
