Ultimate club too good to be true maybe?

[gw3010]

I have been looking at an investment opportunity with a start up club called 'ultimo1' which is basically cars from £350k, amazing boats and some iconic classics. Based in four international locations and super top end...

Before I go any further to invest has anybody heard of this happening and have knowledge of this industry of fractional car / boat clubs? Seems like a fabulous proposition to have a club offering Sunseeker Predator with a Pagani Zonda parked next to it in your chosen destination but, as always, is it too good to be true?

Thanks for any help, comment, advice!

GW.

[poo at Paul's]

gw3010 said:

I have been looking at an investment opportunity with a start up club called 'ultimo1' which is basically cars from £350k, amazing boats and some iconic classics. Based in four international locations and super top end...

Before I go any further to invest has anybody heard of this happening and have knowledge of this industry of fractional car / boat clubs? Seems like a fabulous proposition to have a club offering Sunseeker Predator with a Pagani Zonda parked next to it in your chosen destination but, as always, is it too good to be true?

Thanks for any help, comment, advice!

GW.

'sorry sir, the Predator and Zonda have both gone tech this morning, felll free to use the Fletcher Arrowstreak and the Fiat Panda though!'

Edited by poo at Paul's on Monday 22 March 12:19

[ZesPak]

I've seen these kind of things before, but offerings will get you a very nice car to pay each year.
At the prices I've seen, it's only for the very rich, that can afford a Zonda but want to drive something diffirent now and then.

You have an estimate/quote on the use of the cars/boats? I bet you won't get it at 20k/year, with limited use as well.

[Justin French]

gw3010 said:

I have been looking at an investment opportunity with a start up club called 'ultimo1' which is basically cars from £350k, amazing boats and some iconic classics. Based in four international locations and super top end...

Before I go any further to invest has anybody heard of this happening and have knowledge of this industry of fractional car / boat clubs? Seems like a fabulous proposition to have a club offering Sunseeker Predator with a Pagani Zonda parked next to it in your chosen destination but, as always, is it too good to be true?

Thanks for any help, comment, advice!

GW.

Sorry, I've not heard of Ultimo1 though I used to be a member of ecurie25, a Super Car Club, so I sort of know how they work (well, from the customers point of view anyway). The Clubs are a brilliant idea - obviously not for all, but they certainly work for me.

So are you just "investing £350K" and not buying into say a francise?

Cheers,

J

Edited by Justin French on Monday 5th April 16:31

[Paul Drawmer]

Strip out the cars boats etc and replace them with something less sexy in your mind.

Now look at the figures and only the figures and only work on the guaranteed amounts so that you can estimate the risk/return.

Look at the ownership of the assets. Is it a PLC, is it based in the UK, are you actually buying part of the assets, or only a right to use the assets that are actually owned by a private consortium based in a country far, far away?

You may end up owning the rights to use assets that have disappeared.

[stigmundfreud]

I used to love reading about these clubs as they formed and I'd make bets on how soon before someone notices they are bust

[sday12]

anonymous said:

[redacted]

Please explain?????

[sday12]

anonymous said:

[redacted]

Thanks Tonks, interesting read