Supercar Investment Club
Discussion
Surprised I wasn't able to find an existing thread on this.
The concept is simple - club together to buy & sell desirable cars. The way it works is they shortlist a car and present it to their investors. Investors are then given the opportunity to buy a share (starting from £500) in said car. If enough money is raised, the car is purchased and held for around 3 years (or less if a profitable offer is received), before being sold with any (potential) net profit returned to the investors.
They are authorised/regulated by the FCA.
https://www.supercarinvestmentclub.com/
Is this legit? I just wanted to know if anyone has had any experience with this company, or even invested with them before?
The concept is simple - club together to buy & sell desirable cars. The way it works is they shortlist a car and present it to their investors. Investors are then given the opportunity to buy a share (starting from £500) in said car. If enough money is raised, the car is purchased and held for around 3 years (or less if a profitable offer is received), before being sold with any (potential) net profit returned to the investors.
They are authorised/regulated by the FCA.
https://www.supercarinvestmentclub.com/
Is this legit? I just wanted to know if anyone has had any experience with this company, or even invested with them before?
Hoofy said:
Who uses them while they're under the ownership of the company due to investors handing over money? It's not an asset like shares where you keep them registered in an online account or whatever.
Presumably they are stored for safe keeping, not driven - many of the cars that are appreciating in value need to be in pristine condition and with low mileage.
Why not set up your own syndicate with like minded friends/petrolheads and buy your own cars ?
This is no different to co-owning a boat or aircraft which is common.
This is what I did In 2015 and it has worked well and we now have a number of cars owned by the syndicate, none of which any of us could afford to buy on our own.
You need to establish some basic syndicate rules; minimum investment, when to buy, what to buy, when to sell, how to arrange the insurance, how they are stored, how they are used (if at all), how additional funds are raised to cover unexpected costs, how it works if a syndicate member wishes to leave, democratic decisions where there are differences of opinion, periodic valuations, etc, etc...
It's not rocket science and having supercars &/or classic cars as investments is very enjoyable if all the syndicate members are petolheads !
This is no different to co-owning a boat or aircraft which is common.
This is what I did In 2015 and it has worked well and we now have a number of cars owned by the syndicate, none of which any of us could afford to buy on our own.
You need to establish some basic syndicate rules; minimum investment, when to buy, what to buy, when to sell, how to arrange the insurance, how they are stored, how they are used (if at all), how additional funds are raised to cover unexpected costs, how it works if a syndicate member wishes to leave, democratic decisions where there are differences of opinion, periodic valuations, etc, etc...
It's not rocket science and having supercars &/or classic cars as investments is very enjoyable if all the syndicate members are petolheads !
Given that there is no dividend or rental income, like shares or property, and that you don't get to choose when the car is sold, so if the market drops you have no option to hang on to the car and hope for better times or indeed, sell after a year if you feel the market is peaking and starting to turn, and presumably the cost of storing and maintaining and insuring the car is down to the syndicate, and presumably you don't get to drive and enjoy the car...
You'd need to be very VERY convinced that the current massively inflated classic car market is destined to continue to rise, and by some margin!
I'm out!
You'd need to be very VERY convinced that the current massively inflated classic car market is destined to continue to rise, and by some margin!
I'm out!
Complete nonsense of a website said:
However, any additional costs incurred for insurance, storage, maintenance…etc that cannot be covered by the 3 year storage and maintenance funds collected upfront (as part of the share price) will be deducted from any amount paid back to investors when the car is sold
Run a mile, then run some more, don't look back.RogerExplosion said:
swatches said:
Jack, is it possible your mate is called Adam?
https://beta.companieshouse.gov.uk/company/1086174...
https://beta.companieshouse.gov.uk/company/0974884...
Ahaha nice onehttps://beta.companieshouse.gov.uk/company/1086174...
https://beta.companieshouse.gov.uk/company/0974884...
k thatI really to struggle to see any fools who would stick their cash into this, i would love to see what they predict the F40 will be worth in 3 years.
I love their model of "if i invested xxxx 5 years ago it would now be worth xxxx" we all know the collector car market has gone nuts in the last 5 years. Will it continue at this rate?
Will it fk!
I love their model of "if i invested xxxx 5 years ago it would now be worth xxxx" we all know the collector car market has gone nuts in the last 5 years. Will it continue at this rate?
Will it f
k!AmosMoses said:
I really to struggle to see any fools who would stick their cash into this, i would love to see what they predict the F40 will be worth in 3 years.
I love their model of "if i invested xxxx 5 years ago it would now be worth xxxx" we all know the collector car market has gone nuts in the last 5 years. Will it continue at this rate?
Will it fk!
Especially not after the government add capital gains tax to classic car sales I love their model of "if i invested xxxx 5 years ago it would now be worth xxxx" we all know the collector car market has gone nuts in the last 5 years. Will it continue at this rate?
Will it f
k!
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