Anyone try to Co-Own a camper/motorhome (trailer, mileage, towing)

[mgdriver74]

Wife wants to get a small class c motorhome but after owning a trailer and a class A, I'm not sure I want to again take full ownership of a MoHo. The overhead costs, before ever taking it on the road are pretty high so you have to use it a lot to get any value from your purchase.

I got to thinking about whether a co-ownership with 3 or 4 other like-minded folks might be viable. I know I'd be a good co owner because we take care of stuff and are pretty easy to get along with. I know there are serious pitfalls unless everything is pretty specifically spelled out.

4 owners means 1/4th the overhead while still using it probably as much as if you owned it outright.

Has anyone done this - or known someone who has?

Taxes and maintenance pretty easy - what about insurance?

Assuming everyone involved lives in our small city so there might be some safety there.

[MrRational]

Originally Posted by mgdriver74

Wife wants to get a small class c motorhome...

For what purpose, frequency of use, etc?
Long story short... figure some other way to meet her request.

[StealthRabbit]

Can be done - not ez, but may be worth it. Research jointly owned airplanes for a very mature industry that does this.

Register / own / insure through an LLC Montana preferred by many RV, boat, airplane, exotic car LLC's) Follow the rules to a T. (Don't miss ANYTHING) (MT=sales tax free (lifetime plates on some vehicles)

Have strict use policy (mileage and time and schedule, kids, pets, towing...) as well as a mandatory hired Maint and cleaning (detail) shop.

Set up appropriate 'reserves' (repair / replacement)
Agree in writing of critic safetly issues such as what brand and class of tire and brakes is acceptable!!!
Have a STIFF mileage rate, disincentive for LONG trips (MH depreciate FAST.)

Annually do a complete survey / update (Especially hoses, filters, genset, waste system, wiper blades...)

Good idea to do this in New Zealand! Let me know if you need a partner! (diesel ONLY, I don't do GAS (dangerous and wasteful)). I would like it staged near Christchurch (Cheaper fares, better terrain, less people)