So what exactly does the company do?
The people who buy-in actually end up owning the car, and you take a fraction of the profits? Or you keep the cars fixed and running?
What's to stop people just doing this themselves, and advertising it in a car magazine or newspaper?
I'm not slagging off the idea, just intrigued. I'm interested in starting a company myself. Also, I didn't intend to sound like Duncan Bannatyne at any point.
Also...SPAMMITY SPAM SPAM! :P
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guffguff fuckes your gradeds balls!, Tue 8 Mar 2011, 13:53,
Reply)
No worries
The idea is that we provide a legal and support framework for people wishing to enter a shared ownership agreement.
We do all of the paperwork to enable a legally binding contract, and then manage the storage, servicing and repairs. You book your time slot, get to the storage centre, drive around for a bit, then bring it back. We do the rest.
We make our cut by doing deals with storage facilities/mechanics/tyre suppliers/track owners etc. to get a small discount - and we pocket the difference.
So yes - you do actually own (a share) of the car. It benefits us, as there is no startup capital required, and therefore little to no risk.
Anyone could sell a share in their own car - but they'd need to get a whole load of legal contracts in place first, and would have to rely completely on trust that the other person was an honest type.
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HoratioFellatio Taking the the out of psychotherapist, Tue 8 Mar 2011, 14:50,
Reply)