
Here's a picture that illustrates one of the economic differences between the alternatives of renting, owning or sharing a narrowboat.
The front fender on our shared-boat Somerton needed to be replaced on a recent trip, and as we had some time to spare I bought a new one and fitted it (and took the picture including the old one to show that it was needed). As I purchased it from the marina where the boat was based, the cost of about £70 - 80 was billed to the boat's account with the boat-yard, and paid out of the annual contributions made by the 12 share-owners. Cost to us, about £6.50.
If we had been hiring a boat, the replacement would have been taken care of by the hire company, hopefully before it reached this stage of deterioration. Cost to hirer - lost in the (rather substantial) hiring rate being paid for the holiday.
Had the fender been needed on our own boat, the replacement would have been at our own expense, after due consideration and shopping around for the best deal. Boating is rarely cheap, and you realise that especially when you discover the price of some of these essential accessories.