Car Club Collective

[Bispal]

Myself and some friends, 20 in total, are considering buying a pool of 20 cars that we can all share. Suggested buy in £20k for an 'interesting' car. Each person then gets 18 days in each car, a whole years worth of driving different cars.

Each person is responsible for buying a car and the running costs / tax / mot / servicing of their car BUT its owned collectively by a Ltd Co. Each person with a 5% shareholding. Each year costs are totted up and adjustments made so some owners, who paid more in running costs get some back and those who paid less pay in. So everyone has paid the same.

Least popular cars get sold and moved on at the end of the year for something else.

Storage also could be considered, or we could store at home and swop amongst ourselves.

Has anyone been involved with something similar and if so can share their experience on how to set up and run this as a not for profit group?

Cars would be similar to below (I sense disagreements already):-

986 Boxster S
987 Cayman
996 C2
928
Elise S1
Esprit
Z4M Roadster
E46 M3
E92 M3
Clio Trophy
205 GTi
Honda Integra
Golf GTi
C63 AMG
Vantage V8
F Type
Rolls Royce Silver Shadow
Range Rover Classic
Mini Classic
MGB GT V8

[Doofus]

If the company owns a car which is kept at your home and available for your private use, it's a company car, and you'll pay tax on it.

You can get around this by swapping cars around, thereby making it unavailable to you for a period of more than 30 days, but during those periods, you'll have another company-owned car at your home, available for private use, and therefore taxable.

[illmonkey]

Sounds like a good way to lose mates.

What happens when someone blows an engine and it's £10k to fix? Or dents it in a car park. etc.

[Ruskie]

Fair play, I haven’t met 20 people I like in my life, let alone 20 I want to share £20k and a load of issues with.

Personally I can’t see the appeal, it’s a hassle swapping and changing, booking slots.

[Doofus]

Oh, and it'll never happen, BTW.

[WH16]

Three or four might be doable. 20 seems like an admin nightmare to me.

I do remember several classic car clubs in years gone by where an annual membership bought limited use of the cars on a points system. It doesn't seem to be a thing anymore from what I can see. There must be a reason...

[andy43]

That’s a great car list.
Can I join?
Andy, Skoda Citigo

[SJfW]

Ruskie said:

Fair play, I haven t met 20 people I like in my life, let alone 20 I want to share £20k and a load of issues with.

Personally I can t see the appeal, it s a hassle swapping and changing, booking slots.

Very much this.

[StoutBench]

Definitely not real but quite a fun exercise.

Might want to adjust some of the cars to more realistic cars with only £20,000 to source. You aren't getting some of the exotic stuff for that.

£10,000 engine replacement between 20 people sounds alright though.

What happens when one idiot is the main cause of issues with cars and you either all start to hate him for it or give him so much stick/banter he wants to leave with his £20,000 car and it's one of the best.

Edited by StoutBench on Tuesday 14th October 10:19

I'd include a GT86 and a Nismo 370z personally.

Edited by StoutBench on Tuesday 14th October 10:20

[Doofus]

A pretend An even number of people with equal shareholding/voting rights is asking for pretend trouble.

[Sebring440]

Bispal said:

Myself and some friends, 20 in total, are considering buying a pool of 20 cars that we can all share. Suggested buy in £20k for an 'interesting' car. Each person then gets 18 days in each car, a whole years worth of driving different cars.

Each person is responsible for buying a car and the running costs / tax / mot / servicing of their car BUT its owned collectively by a Ltd Co. Each person with a 5% shareholding. Each year costs are totted up and adjustments made so some owners, who paid more in running costs get some back and those who paid less pay in. So everyone has paid the same.

Least popular cars get sold and moved on at the end of the year for something else.

Storage also could be considered, or we could store at home and swop amongst ourselves.

Has anyone been involved with something similar and if so can share their experience on how to set up and run this as a not for profit group?

Cars would be similar to below (I sense disagreements already):-

986 Boxster S
987 Cayman
996 C2
928
Elise S1
Esprit
Z4M Roadster
E46 M3
E92 M3
Clio Trophy
205 GTi
Honda Integra
Golf GTi
C63 AMG
Vantage V8
F Type
Rolls Royce Silver Shadow
Range Rover Classic
Mini Classic
MGB GT V8

As stated earlier, a very good way to lose friends. Even close friends are going to fall out over the running of this. It will be an absolute nightmare.

[mcflurry]

What happens if there's a supermarket ding?
10 members want the car fixed to OEM standard, 6 are ok with a smart repair and 4 don't care as they live in Naples City centre?

What if someone always fills up the tank and others run it on fumes?

Who is responsible for insuring 20 drivers - what if one is a 17 year old with 5 points and the other is a 60 year old retiree?

Would all 20 have Main dealer / specialist FSH maintenance? Guess with 20 drivers they won't need just an annual oil change..

[alscar]

Best of luck.
Too many people / too much variety of cars / totally inconsistent annual costings especially for some of those cars and not least of all ,multiple Insurance issues.

[Juan B]

Kind of a fun idea, but could only see a shared car situation working with a handful of very close mates/brothers or something.

[StoutBench]

mcflurry said:

What if someone always fills up the tank and others run it on fumes?

This seems like a non problem, car always handed over to next driver with a full tank.

[SJfW]

mcflurry said:

what if one is a 17 year old with 5 points and the other is a 60 year old retiree?

That would be a pretty strange age range for a friendship group to be fair.

[illmonkey]

StoutBench said:

mcflurry said:

What if someone always fills up the tank and others run it on fumes?

This seems like a non problem, car always handed over to next driver with a full tank.

You're talking about 400 car changes. You think every person, every time will leave every car FULL?

Raises an other issue of tracking it all, 400 checkin/checkouts. Yes you're mates, but what is 1 of them if taking advantage of every car he has (dab of oppo?!), and keeps costing the group money, you'd want to track that.

Speeding fine? Who had the Elise on 21st Feb?

Why can't I have the roadster in summer?! I only get convertibles in winter.

I have lent my cars to people I trust, and my brother and I borrow each others cars. But I'd not consider a big group of people it'd be car-nage!

[Bispal]

Seems like lots of negativity about the idea, which is fine, I came here to ask. Its just an idea so good to get an idea of potential issues. Still would be great to hear from anyone who has actually done it?

To answer some of the questions.

• The company car issue I don't think is an issue, there are different mechanisms to own the cars, including individually, keepers are also different to owners.
• If an engine blows, or there is a supermarket ding, then all costs are shared. There could be a slush fund of £200 per month everyone pays into in the interim. All cars repaired as they were.
• Booking would be simple, just a calendar and book dates. 18 days per car. Book 2 months in advance or similar. Can't see that being much of a problem.
• If anyone causes issues then they are removed and the car sold or hey are bought out. There would be a code of conduct.
• We don't live in Naples, either of them.
• Like a hire car, they are returned full to full with fuel
• I can't see insurance being an issue. We would just go to a specialist broker with all our details and they would sort it out. Most of us own multiple cars already and know good brokers.
• There are actually 40 of us, all been good friends for many years, so 20 just assuming half of us decide to go ahead. I don't think anyone would fall out over it. We already loan each other cars on a regular basis and never had an issue.

[illmonkey]

On your last point... So why change? It gives so much more flexibility.

An other point is aligning 20 people to hand over keys on the same morning 20 times a year.

[bennno]

Bispal said:

Seems like lots of negativity about the idea, which is fine, I came here to ask. Its just an idea so good to get an idea of potential issues. Still would be great to hear from anyone who has actually done it?

To answer some of the questions.

• The company car issue I don't think is an issue, there are different mechanisms to own the cars, including individually, keepers are also different to owners.
• If an engine blows, or there is a supermarket ding, then all costs are shared. There could be a slush fund of £200 per month everyone pays into in the interim. All cars repaired as they were.
• Booking would be simple, just a calendar and book dates. 18 days per car. Book 2 months in advance or similar. Can't see that being much of a problem.
• If anyone causes issues then they are removed and the car sold or hey are bought out. There would be a code of conduct.
• We don't live in Naples, either of them.
• Like a hire car, they are returned full to full with fuel
• I can't see insurance being an issue. We would just go to a specialist broker with all our details and they would sort it out. Most of us own multiple cars already and know good brokers.
• There are actually 40 of us, all been good friends for many years, so 20 just assuming half of us decide to go ahead. I don't think anyone would fall out over it. We already loan each other cars on a regular basis and never had an issue.

Bit like a babysitting circle, great idea that might work for a bit, but then the tokens become valueless as nobody will respond.

Be easier to all chip in £xk, company owns and insures all the cars, everybody owns a share of company, theres a mechanism to ensure fair access / balanced use / responsible approach to not damaging cars / insurance excess.

Start off with a handful of cars etc etc. Will need somewhere to store them etc etc.