Free Ferrari anyone?
Discussion
Being a member, i trawl this blog regularly, and this post really caught my eye:
http://champagnehirevsandgirls.blogspot.com/2010/0...
Basically by using their Vehicle Owners Programme you can get a decent reeturn on an investment. I'm not in the position to do it, but if i did i think i'd have a punt. One of them there SLSs would be nice...
http://champagnehirevsandgirls.blogspot.com/2010/0...
Basically by using their Vehicle Owners Programme you can get a decent reeturn on an investment. I'm not in the position to do it, but if i did i think i'd have a punt. One of them there SLSs would be nice...
Beefmeister said:
Being a member, i trawl this blog regularly, and this post really caught my eye:
http://champagnehirevsandgirls.blogspot.com/2010/0...
Basically by using their Vehicle Owners Programme you can get a decent reeturn on an investment. I'm not in the position to do it, but if i did i think i'd have a punt. One of them there SLSs would be nice...
Was wondering what other cars would be in demand/not depreciate too muchhttp://champagnehirevsandgirls.blogspot.com/2010/0...
Basically by using their Vehicle Owners Programme you can get a decent reeturn on an investment. I'm not in the position to do it, but if i did i think i'd have a punt. One of them there SLSs would be nice...
That's interesting. As with all these supercar hire things though, I assume the pain comes from if a hirer mistreats the car and causes damage that needs to be paid for later (shortening the clutch life by repeated hard starts, etc).
Still, probably better than letting your P&J be used on trackdays - I'm not sure I could let my beloved toy be thrashed by someone else
Still, probably better than letting your P&J be used on trackdays - I'm not sure I could let my beloved toy be thrashed by someone else
I'm not sure it stacks up.
If I had a car that was so new/exclusive as to be in demand I doubt I'd want some oiks tearing it's balls off every weekend for the chance of a 4-7% return and limited use. If I didn't already have the car (or didn't happen to have the cash equivilent to hand), I'd need to finance it, which would eat significantly into the return anyway.
It's an innovative way to raise capital but unless the deal was the only way to get you into a car that you really wanted I can't see why you wouldn't invest your hard earned elsewhere.
If I had a car that was so new/exclusive as to be in demand I doubt I'd want some oiks tearing it's balls off every weekend for the chance of a 4-7% return and limited use. If I didn't already have the car (or didn't happen to have the cash equivilent to hand), I'd need to finance it, which would eat significantly into the return anyway.
It's an innovative way to raise capital but unless the deal was the only way to get you into a car that you really wanted I can't see why you wouldn't invest your hard earned elsewhere.
Beefmeister said:
Being a member, i trawl this blog regularly, and this post really caught my eye:
http://champagnehirevsandgirls.blogspot.com/2010/0...
Basically by using their Vehicle Owners Programme you can get a decent reeturn on an investment. I'm not in the position to do it, but if i did i think i'd have a punt. One of them there SLSs would be nice...
How would the business model work when interest rates go back up?http://champagnehirevsandgirls.blogspot.com/2010/0...
Basically by using their Vehicle Owners Programme you can get a decent reeturn on an investment. I'm not in the position to do it, but if i did i think i'd have a punt. One of them there SLSs would be nice...
NoelWatson said:
Gizmo! said:
(shortening the clutch life by repeated hard starts, etc).
Don't most of the new supercars come without clutch pedal?NoelWatson said:
How would the business model work when interest rates go back up?
I think this would only work for cash buyers and people that are not precious about their cars.Edited by Webber3 on Thursday 3rd June 12:54
Hitch78 said:
I'm not sure it stacks up.
If I had a car that was so new/exclusive as to be in demand I doubt I'd want some oiks tearing it's balls off every weekend for the chance of a 4-7% return and limited use. If I didn't already have the car (or didn't happen to have the cash equivilent to hand), I'd need to finance it, which would eat significantly into the return anyway.
It's an innovative way to raise capital but unless the deal was the only way to get you into a car that you really wanted I can't see why you wouldn't invest your hard earned elsewhere.
I think (from speaking to e25) that usually it is people who have disposable income to purchase these cars outright, who do this VOP. So for them it is a sound investment, and they have never really 'owned' the car. They get to use it, but it is never going to be their 'pride and joy'.If I had a car that was so new/exclusive as to be in demand I doubt I'd want some oiks tearing it's balls off every weekend for the chance of a 4-7% return and limited use. If I didn't already have the car (or didn't happen to have the cash equivilent to hand), I'd need to finance it, which would eat significantly into the return anyway.
It's an innovative way to raise capital but unless the deal was the only way to get you into a car that you really wanted I can't see why you wouldn't invest your hard earned elsewhere.
A lot of ecurie25 members have one or more supercars anyway, so this makes a lot of sense. I'm representative of the Average Joe side of the members, who pays his money to enjoy cars he won't be able to afford until he's retired.
FWIW, the cars are maintained to a very high level. They have to be - if the cars are not 100% members would get annoyed very quickly, and would leave.
Beefmeister said:
Hitch78 said:
I'm not sure it stacks up.
If I had a car that was so new/exclusive as to be in demand I doubt I'd want some oiks tearing it's balls off every weekend for the chance of a 4-7% return and limited use. If I didn't already have the car (or didn't happen to have the cash equivilent to hand), I'd need to finance it, which would eat significantly into the return anyway.
It's an innovative way to raise capital but unless the deal was the only way to get you into a car that you really wanted I can't see why you wouldn't invest your hard earned elsewhere.
I think (from speaking to e25) that usually it is people who have disposable income to purchase these cars outright, who do this VOP. So for them it is a sound investment, and they have never really 'owned' the car. They get to use it, but it is never going to be their 'pride and joy'.If I had a car that was so new/exclusive as to be in demand I doubt I'd want some oiks tearing it's balls off every weekend for the chance of a 4-7% return and limited use. If I didn't already have the car (or didn't happen to have the cash equivilent to hand), I'd need to finance it, which would eat significantly into the return anyway.
It's an innovative way to raise capital but unless the deal was the only way to get you into a car that you really wanted I can't see why you wouldn't invest your hard earned elsewhere.
A lot of ecurie25 members have one or more supercars anyway, so this makes a lot of sense. I'm representative of the Average Joe side of the members, who pays his money to enjoy cars he won't be able to afford until he's retired.
FWIW, the cars are maintained to a very high level. They have to be - if the cars are not 100% members would get annoyed very quickly, and would leave.
Webber3 said:
NoelWatson said:
How would the business model work when interest rates go back up?
I think this would only work for cash buyers and people that are not precious about their cars.Edited by Webber3 on Thursday 3rd June 12:54
http://www.moneysupermarket.com/savings/fixed-rate...
Well from what i've been told, the service intervals on the Cali are something like 15k anyway, it's a very durable car (for a Ferrari).
Also, given how many cars they have, and how regularly the cars are serviced (much more than a regular owner due to the faster piling on of miles), e25 obviously get some pretty discounted rates on their servicing.
Plus the consumables are shared responsibility bewtween the club and the owner, dependant on how much mileage was done by each. So if a clutch goes on a 430 after 10,000 miles, costing £2000, and 8000 of those miles were done by the club, the owner will only have to pay out £400...
Also, given how many cars they have, and how regularly the cars are serviced (much more than a regular owner due to the faster piling on of miles), e25 obviously get some pretty discounted rates on their servicing.
Plus the consumables are shared responsibility bewtween the club and the owner, dependant on how much mileage was done by each. So if a clutch goes on a 430 after 10,000 miles, costing £2000, and 8000 of those miles were done by the club, the owner will only have to pay out £400...
Beefmeister said:
Well from what i've been told, the service intervals on the Cali are something like 15k anyway, it's a very durable car (for a Ferrari).
Also, given how many cars they have, and how regularly the cars are serviced (much more than a regular owner due to the faster piling on of miles), e25 obviously get some pretty discounted rates on their servicing.
Plus the consumables are shared responsibility bewtween the club and the owner, dependant on how much mileage was done by each. So if a clutch goes on a 430 after 10,000 miles, costing £2000, and 8000 of those miles were done by the club, the owner will only have to pay out £400...
That makes sense then.Also, given how many cars they have, and how regularly the cars are serviced (much more than a regular owner due to the faster piling on of miles), e25 obviously get some pretty discounted rates on their servicing.
Plus the consumables are shared responsibility bewtween the club and the owner, dependant on how much mileage was done by each. So if a clutch goes on a 430 after 10,000 miles, costing £2000, and 8000 of those miles were done by the club, the owner will only have to pay out £400...
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