I’ve heard talk on the internet about Car sharing and fractional ownership. Can anyone tell me about this?
Are car sharing clubs similar to time-shares for condos where you get so many days a year? Or, are they just glorified rental agencies? If they are similar to time sharing do you also develop equity? If not, whats the point?
Tagged with: condos • rental agencies • time shares • time sharing
Filed under: Fractional Car Onwership
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They are more like glorified rental agencies–with fewer strings and intended primarily for local travel. Typically, there are cars at a variety of locations around the city. You pay an annual fee for usage (or have an account that you charge your usage against). When you need a car, you call and make a reservation and pick up the car. I’m not sure how they arrange the key business–maybe lockboxes. There are some differences depending on what city you are in. You would want to get your details locally.
i think it’s called marriage….car equity is a fleeting thing, with few exceptions they all go to zero over time – depreciate, and you better like the other guy very much if he wrecks your half…
Have never heard of this and the insurance companies would weigh in against i bet, or make you pay more for it.
Article on Exotic Car Sharing…
How would you like to get behind the wheel of a rally red ’65 Corvette convertible? Sounds like the proverbial dream right? Ok, so I’m a dreamer. I admit that I experience a certain “pavlovian” response whenever I observe one of these beauties careening down a country road. Well, for members of one of the largest car share clubs for exotic automobiles in the country, the dream has now become a reality! Members of this club already have access to over sixty of the hottest cars on the road today – or even yesterday.
I’m talking about the DFW Elite Car Club. In a previous article we highlighted this club’s awesome member to vehicle ratio of 5/1, which is among the best in the industry. Now, the good news is getting even better. The newest addition to their collection is a gorgeous bright red 1965 Corvette Convertible Roadster. Just imagine putting the pedal to the metal and feeling the wind in your hair, while you pretend not to notice all of those looks you are getting. The reality is that fractional ownership of both classic cars and exotic automobiles makes more and more sense in today’s fast paced culture. Cars like this classic vette are not only expensive, but require a certain amount of care and time resources. Frankly, everyone who admires classic and exotic metal is not up to the maintenance challenge that these vehicles present. Additionally joining a fractional ownership club such as the DFW Elite Car Club is akin to investing in a collection rather than an individual vehicle.
Back in 1965, Chevrolet advertised the Corvette as "America’s One True Sports Car," these red, white and blue words that have been gospel truth for legions of Vette lovers ever since. In fact, many Corvette fans think the 1960s era C2s are the most stylish and beautiful of all Corvettes.
No doubt, classic style lines make this ’65 desirable, but so too do the responsive handling and unique feel. Under the hood lives a powerful fuel-injected 327 cubic inch V8 engine, turning 350 hp into a top speed of 140 mph. Then there’s acceleration; try 0-60 in 6.3 seconds. Yeah, baby! Throw in a four speed Muncie manual transmission, a deep growl coming out of the dual exhaust, a few Gs when you open it up, and well, does cruising get any better than this? We don’t think so either.
"The ’65 Vette Convertible is absolutely an American classic, and I’ve wanted to add one to our fleet for quite some time," says Ron Sturgeon, founder and owner of DFW Elite Car Club.com. "This eye-catching rally red model has been meticulously restored, and I knew right away this was the one."
Mr. Sturgeon purchased the car at the world famous Monterey Sports & Classic Car Auction run by RM Auctions during the same week he attended the Pebble Beach Concours d’Elegance, one of the world’s top classic car shows. "Many collectors wanted this little red ’65 because it is one of the few from that year with factory air," explained Sturgeon. "We’re delighted to have it and expect it to be among our most popular classic cars very quickly."
DFW Elite Car Club.com has an exciting offer for new car club members who join before May, 1, 2007 – a free Drive Your Dream tour (www.DFWdriveyourdream.com). These tours give automotive enthusiasts craving variety the chance to drive five high-end automobiles back-to-back over some of Texas’ most scenic roads. The experience includes high fives, photo opportunities, and lunch at an upscale bistro.
Remember, not all car share clubs are created equal. Be sure to check out all your available options. These clubs only make sense if they have the usage options and vehicle types and availability that make sense for you or your business.
DFW Elite Car Club.com is headquartered at 5940 Eden in Fort Worth, and serves Houston, San Antonio, and Austin, as well as the DFW Metroplex with over 50 exotic and luxury cars, trucks and SUV’s. For more information and to see a complete inventory of available vehicles, visit dfwelitecarclub.com, or call 817-231-0788.
For more articles on car sharing, classic cars, and exotic automobiles, check out http://AutoNotion.com
Time for the automotive industry to start taking charge again, looks like its headed in the right direction