I second the insurance concern but on a more fundamental level how do you propose to solidify such an arrangement? Unless it's with people you know very well already and can engage in financial considerations without it devolving into lawsuits I don't think there's more than 3 people in this world I would consider 'sharing' my RV with and only one of them is family. The issue of timing each member's usage period comes to mind because chances are everyone's going to want similar times of the year to be allowed access. If they're not geographically close to you there's also logistics to deliver and retrieve it after each usage period. Whose insurance is in force during which periods? Who's going to pay for routine maintenance? Regular wear and tear? What about unexpected damages or breakdowns?
I think I am a pretty generous and accommodating person by nature but I've had a few occasions when that's overridden my better judgment and in every case it's cost me at minimum unplanned expenses and headaches and in at least one case a friendship. This is why they say don't do business with family but also any friendships that cannot weather a financial loss or dispute. Now if I lend money or items to anyone I write it off in my head immediately because I don't want the outstanding balance to color the relationship. If they return/repay, it says much about them. If they don't, I have to be willing not to hold it against them. If you can't imagine anyone with whom you could continue to be in a relationship after they've totaled your RV, then don't lend it to them in the first place.
Regardless of how you want to structure this, first and foremost you need to settle for yourself if that vehicle is yours or a negotiated asset that you are an equity shareholder. If the latter, then that means you view the RV like a timeshare and understanding it's not yours to have the final say. If you can't move beyond that, then don't do it.
|