|
"Boat
Club" is just another name for boat rentals except
you pay a LARGE fee as down payment and Monthly
Membership Dues while also signing a LONG-TERM CONTRACT.
Read Your Contract Completely! Are you liable for 6 mos.
or all 12 mos in dues? "Unlimited" Boating they say? How
many boats are there and how many members? How many
members are competing for your weekend or holiday time,
and how is it decided who gets a boat? What time frame
is "unlimited?" Do you have to bring the boat back by
sunset?
Do you
pay monthly dues if you cannot get the time you want due
to weather, prior reservations, heavy work schedule,
etc.? Can you book your whole season at one time? If you
want every Sat. from 12 to 8, will you be able to get
that? How early/late can you reserve or can you even
stay overnight? Are gas and oil included or do you have
to pay extra? How about having to pay Entry/Parking Fees
into the park? If you're late or lost and you stay past
your reservation time, are there penalties and what
additional charges do you incur? Is your club membership
cancelled if you have an accident...even if it's not
your fault? Is there $1 million in commercial liability
insurance which the city requires to operate a business
on Lake Lewisville? Are you responsible for any boating
accidents or damages and have to pay a deductible or for
all the repair costs?
As a Club
Member, are you liable as a group for another club
member in a lawsuit? How long has the company been in
business? What do other people who have the membership
say about the service? Are the "testimonials" actually
from club members or just from friends of the company
especially if the new company has not even opened? What
about weather concerns and people arriving late that
might cause delays for your reserved time? If your plans
change, are there any cancellation fees? Are you
guaranteed any number of hrs. use each month?
Remember the saying: if it sounds too good to be true,
it probably is not true.
The
normal season for boating in Dallas is May Memorial
weekend to Sep. Labor Day weekend--14 wks.-- and,
for most people, is usually only during weekends and
holidays. Average boating time is 30 hrs. a season at 2
- 4 hrs. a week or less.
Example:
$1,000 Down, $200 a month x 6 mos. = $2,200 / 30 hrs =
$73 per hr. Add another $1,200 if you have to pay
annual fees even though you might not use the boat 6
mos. out of the year due to cold/rainy weather or work
schedule. That makes the cost $3,400 / 30 hrs = $113
per hr.! If GAS/OIL also have to be paid, WOW! Look at
the extra $10 - 20 or MORE each time especially if you
want the boat all day! What about sales tax? Since
your name is not on the title as an owner, no matter how
it is presented, you are still renting a boat which
requires sales tax. Most rental companies do not have
long-term contracts, have free parking and furnish the
gas/oil at no extra charge.
Caution: unless you go to the party cove all day,
every weekend, or are allowed to stay overnight, be wary
of long-term binding contracts as you may be paying more
per hr. than you expected. |