Exotic Car Share

An enterprising company has taken the fractional jet ownership concept, and modified it for exotic cars! Extreme Car Share is an exotic car club exclusively providing fractional ownership of exotic and luxury cars to their members. Your membership represents a time share in a collection of exotic cars, gaining access to a rich variety of today’s top exotic and luxury vehicles that alternate on a monthly basis.

As one of their “lucky” members, you will have exclusive access to a different exotic car for five days every month on a rotating basis. Your dream car will arrive at your doorstep ready to go, freshly detailed and with a full tank of gas. After your drive date, to include Friday, Saturday and Sunday, they pick the car up and prep it for the next member.

Their collection of cars is rather limited right now, but as the company grows, I’m sure they’ll add more cars to the stable. They currently offer a Ferrari F430, a Rolls Royce Phantom, a Lamborghini Gallardo, and a Bentley Continental GT Convertible!

When I first heard about this concept, I was pretty psyched. I don’t put a lot of miles on my cars (a benefit of working from home), and exotics depreciate QUICKLY. A few years ago, I bought a Porsche 996TT for around $150K.. Over the next three years, I barely put on 15K miles. When it was time to sell the car, I was lucky walked away with $80K! That car cost me $23,333/yr to drive. That breaks down to almost $64/day. (And that’s not including insurance and maintenance!)

So begs the question – How much does the Extreme Car Share cost? They’ve got a number of different options. An annual membership costs $7950 + $1695/month. So you’re paying a grand total of $28,290. If you don’t need the full 7500 miles annually, you can step down to the 5000 mile plan, which saves you $6000, bringing the total down to $22,290.

The Full Term Membership program includes five full days of drive time, including a Friday, Saturday, & Sunday every month for a full year. This comes out to 60 drive days annually.

For those on a budget, they also offer a One Weekend Every Month Membership, which gives you the car for one weekend a month for 9 months. This plan only costs you a grand total of $16,005.

An interesting concept for sure, but it’s just not for me. I’m sure it’ll do well (especially in the land of idiots, Los Angeles), but after crunching the numbers, it just doesn’t make sense to me.

Enjoyed this post?
Subscribe to Zander Chance via RSS Feed or E-mail and receive daily news updates!

Submit to Digg  Stumble This Story  Share on Twitter  Post on Facebook  Post on MySpace  Add to del.icio.us  Submit to Reddit  Fave on Technorati

One Response to “Exotic Car Share”

  1. Chester says:

    Great post. I’ve seen similar schemes with private jets but i never knew they were available for sports cars.

Leave a Reply