Car Share Clubs: The Ownership Alternative
October 1, 2005
Trying Harder
; function voidFunc() { } voidFunc();)
Although club membership remains the best way to access
quintessential classics, if contemporary exotics get you going, Beverly Hills
Rent-A-Car has the means and customer dedication to meet specialized demands.
“We may not be able to get a pink ’57 T-bird,” says company partner Jerry
Siemons, “but if someone requests a car we do not currently own, we will go out
and buy it for them.” The Southern California–based company has purchased cars
from more than 3,000 dealers across the country and has made specialized
deliveries as far away as Virginia. “If we need a car in a hurry, we get it,”
affirms Siemons, who makes his most frequent deliveries to Aspen and Vail.
“Really, we’re into the fashion business. Whatever is really cool, we want to
have it.” (Click image to enlarge.)Beverly Hills Rent-A-Car, 310.274.6969, www.beverlyhillsrentacar.com
The Fractional Ownership Option
; function voidFunc() { } voidFunc();)
Chicago-based Exotic Car Share operates
the only true automobile fractional ownership equity program in the country.
When any three drivers show interest in one region of the country, Exotic Car
Share will purchase a new car and open a satellite club to service local members
during their two-year contract. An initial fee from $20,000 to $60,000 and
annual dues starting at $7,500 to cover insurance and maintenance buy about
seven weeks of annual drive time and one-fifth ownership of a Lamborghini
Murciélago, for instance. When the car turns 3 years old, the company sells the
car and each member takes home one-fifth of the sale. “We sell our cars for the
highest market value because they have been maintained so well,” promises
general manager Brian Hamm. The club also offers a nonequity program called the
Flex-Plan Program. (Click image to enlarge.)Exotic Car Share, 847.358.7522, www.exoticcarshare.com
advertisement
advertisement
