The Process
How It Works
Sign up to show your interest
Fill out the form on this page to get on our waitlist. We'll reach out to learn more about you and what you're looking for.
Tell us what you're looking for
We'll walk you through a questionnaire covering boat preferences, location, schedule, budget, and experience so we can find the right fit.
We find your match
We match you with compatible co‑owners based on shared interests, boating style, and practical fit — so your group is set up for long‑term success.
Legal structure & purchase
An attorney‑drafted co‑ownership agreement protects every owner. When the group is ready, a licensed broker from our network handles the purchase.
Ongoing support setup
Your boat enters our Vessel Care program — a scheduling platform, seasonal walkthroughs, and coordination support. We're not a boat management company, but we make sure you're set up and supported year‑round.
*Fees apply for coordination, legal setup, and Vessel Care. We'll walk you through everything upfront.
The Advantage
Why Co‑Own
We're a veteran‑owned company built on the idea that more people should be able to enjoy boating — without the full financial burden.
Our co‑ownership model can significantly reduce your annual costs compared to buying solo. You own real equity in a real boat — your name is on the title, you choose the boat and the marina, and you can sell your share whenever you want. This isn't a timeshare. It's your boat.
Example: annual cost for a 35–40 ft boat (⅓ share)
Based on a ⅓ share of a 35–40 ft vessel. Each situation is different.
The average boat owner uses their boat only about 30 days a year. With 2–3 co‑owners, everyone still gets plenty of time on the water — especially during Rhode Island's concentrated boating season.
You own real equity — your name is on the title, not a timeshare contract. You can sell your share whenever you want.
Rhode Island has zero sales tax on boats — a built‑in advantage over Connecticut (6.35%) and Massachusetts (6.25%).
An attorney‑drafted co‑ownership agreement protects your investment with clear rules, condition standards, and buyout provisions — so there are no surprises down the road.
Questions
Frequently Asked Questions
Why should I trust Ocean State Yacht Group?
We're a veteran‑owned business that prioritises the right fit of people and boat, legal protection, and cost savings. Our founder is the first customer — he co‑owns a boat through the same program and is on the journey with you.
Isn't this just a timeshare?
The opposite. A timeshare means you're buying access to someone else's property. With OSYG, your name is on the title. You own real equity. You choose the boat, you choose the marina, and you can sell your share whenever you want.
What does the co‑ownership process look like?
You sign up to show your interest, then we walk you through a questionnaire to understand what you're looking for. We match you with compatible co‑owners, an attorney‑drafted agreement protects everyone, and a broker from our network handles the purchase. After that, the boat enters our Vessel Care program with a scheduling platform, seasonal walkthroughs, and year‑round coordination support.
How much can I actually save?
Take a 35–40 ft boat that costs a sole owner roughly $25,000 per year. With three co‑owners, your annual cost drops to around $8,500 — and you still get the average number of days most owners actually use their boat. Rhode Island's boating season runs roughly May through October, and with 2–3 co‑owners sharing a fair schedule, everyone gets plenty of time on the water.
How many people can co‑own a single boat?
We set up groups of 2–3 co‑owners. That keeps scheduling simple and savings significant for everyone.
Why not just find a co‑owner myself?
A boat is a big investment, and people are different — they have different standards of cleanliness, different ideas about maintenance, different schedules, and different expectations for how things should work. Without a proper legal structure, clear rules, and someone to coordinate when things get complicated, co‑ownership can fall apart fast. We set up an attorney‑drafted agreement that protects your investment with condition standards, scheduling rules, and buyout provisions — so you're covered before problems ever start.
What if I need maintenance or repairs?
Our Vessel Care program covers seasonal walkthroughs with photo reports, a scheduling platform, and coordination support — but we're not a boat management company. If your boat needs maintenance or repairs, we can refer you to qualified contractors we trust. You stay in control of how your boat is maintained.
Get Started
Join the Waitlist
We're gearing up for launch. Drop your info and we'll reach out when it's time to get on the water.