 Car Sharing?, Anyone have experience forming group? |
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| MadeRight |
 Apr 15 2005, 09:47 AM
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#1
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Newbie  Group: Members Posts: 48 Joined: 26-May 04 From: Woolrich, PA / Phoenix, AZ Member No.: 2,109  |
I am wondering if anyone knows of a process or has heard of people forming a corp, or LLC to distribute the cost of buying a car? For example, if you wanted to buy a nice 914 and couldn't afford it, you might have a few buddies who would join in and share the cost and the car.
I already have a 914, but there are other cars (read Ferrari) that I and a few friends would love to get our hands on, yet none of us could afford individually. Any thoughts? MadeRight |
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| VegasRacer |
Apr 15 2005, 09:50 AM
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#2
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ELVIRA Group: Benefactors Posts: 8,501 Joined: 27-March 03 From: Between Scylla and Charybdis Member No.: 481 Region Association: None 
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Sounds like a good way to lose friends.
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| skline |
Apr 15 2005, 09:53 AM
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#3
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Born to Drive Group: Members Posts: 7,910 Joined: 26-December 02 From: Costa Mesa, CA Member No.: 17 Region Association: Southern California |
I have to agree with John, none of you will enjoy it when one of the other owners puts a dent in it, or breaks down somewhere. Too many ways to get into arguments over stuff.
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| bd1308 |
Apr 15 2005, 09:53 AM
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#4
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Sir Post-a-lot Group: Members Posts: 8,020 Joined: 24-January 05 From: Louisville,KY Member No.: 3,501 |
(IMG:http://www.914world.com/bbs2/html/emoticons/agree.gif) and i don't have many to start with (esp here) |
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| CptTripps |
Apr 15 2005, 10:31 AM
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#5
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:: Punch and Pie :: Group: Members Posts: 3,584 Joined: 26-December 04 From: Mentor, OH Member No.: 3,342 Region Association: Upper MidWest |
2 of my 'rules for life' are...
#1 - Don't ever lend money to friends. #2 - Don't EVER sell a car to a friend. Sharing could be even worse.... |
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| grasshopper |
Apr 15 2005, 10:33 AM
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#6
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Advanced Member Group: Members Posts: 2,613 Joined: 10-December 04 From: Valdosta, GA Member No.: 3,258 Region Association: None |
and dont lone your tools to friends (IMG:http://www.914world.com/bbs2/html/emoticons/blink.gif) |
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| ben1440 |
Apr 15 2005, 10:52 AM
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#7
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Member Group: Members Posts: 171 Joined: 1-March 05 From: Santa Rosa Ca Member No.: 3,688 |
IMO i am sure that COULD work, but when i think of your question it reminds me of some experiences with moving out with friends. Couldnt see a damn reason why it wouldnt work but those kinds of things always find ways to make problems. you could always finance it (IMG:http://www.914world.com/bbs2/html/emoticons/biggrin.gif)
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| CptTripps |
Apr 15 2005, 10:58 AM
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#8
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:: Punch and Pie :: Group: Members Posts: 3,584 Joined: 26-December 04 From: Mentor, OH Member No.: 3,342 Region Association: Upper MidWest |
I don't have a problem with that for some reason...haven't been burnt yet with tools. |
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| Dr. Roger |
Apr 15 2005, 11:02 AM
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#9
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A bat out of hell. Group: Members Posts: 3,944 Joined: 31-January 05 From: Hercules, California Member No.: 3,533 Region Association: Northern California |
The only thing I ever partnered in was a 24' sail boat with 2 other friends.
I worked out nicely only because we understood the rules. 1. Whoever screws it up must fix it ASAP. Cant afford to fix it? Fix it anyway. 2. When general maintanance work needs to be done on it, EVERYONE must do their best to meet with the other partners at the same time and do the work together. That way no one say's, "Oh yea', I put 5 hours into this or that" when it might look like only one hour. 3. Regular running costs are to be divided equally. Period. If you barely use it tough poo poo. 4. Keep a calendar at a persons house who will maintain usage schedule. We discovered that we all were pretty busy doing our own stuff and scheduling was rarely an issue. In fact we ended up using it together most of the time. After work and long weekends at Angel Island BBQing and comsuming large quantities of Kamikaze's. (IMG:http://www.914world.com/bbs2/html/emoticons/biggrin.gif) BTW, that was the name of the boat... Imagine.... (IMG:http://www.914world.com/bbs2/html/emoticons/beer.gif) |
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| Joe Bob |
Apr 15 2005, 11:04 AM
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#10
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Retired admin, banned a few times Group: Members Posts: 17,427 Joined: 24-December 02 From: Boulder CO Member No.: 5 Region Association: None |
I share a car...I pay for it, gas it, change the oil, buy parts....never get to drive it. Belongs to the wife.... (IMG:http://www.914world.com/bbs2/html/emoticons/cool_shades.gif)
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| MadeRight |
Apr 15 2005, 11:51 AM
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#11
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Newbie Group: Members Posts: 48 Joined: 26-May 04 From: Woolrich, PA / Phoenix, AZ Member No.: 2,109 |
Okay - I understand all your points about losing friends, etc... All valid points.
The thing is, people do this sort of thing with airplanes, another expensive hobby. I wouldn't enter lightly into such an agreement with any friend, however if a friendship breaks apart over a scratches fender, I'd have to question the depth of friendship. I lend tools, CD's, books, etc to friends ALL THE TIME. Just label them and write down who has them. If a good friend breaks your stuff, they'll replace it - often with something better than you had. I think the idea would be to have 3-5 people involved. Since it would be an LLC or corp, the entity owns the car(s), not the people. So long as a expectations are drafted up, I think it could work. It would also be way cooler to have a few cars available to you then one car at a time. What I am wondering is the legal complexity and feasibility of setting up something like this. Any attorney 914 drivers out there who can weigh in? MadeRight |
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| bondo |
Apr 15 2005, 11:54 AM
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#12
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Practicing my perpendicular parking Group: Members Posts: 4,277 Joined: 19-April 03 From: Los Osos, CA Member No.: 587 Region Association: Central California |
What about insurance? That could get complicated and/or expensive.
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| BMartin914 |
Apr 15 2005, 01:29 PM
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#13
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||| Group: Members Posts: 1,408 Joined: 30-May 04 From: Oregon Member No.: 2,128 Region Association: Pacific Northwest |
Sounds like a...you get it monday, wednesday, friday, I get it tuesday, thursday, saturday and we rotate sunday. But I want it Saturday, but it's my day! (IMG:http://www.914world.com/bbs2/html/emoticons/ar15.gif) (IMG:http://www.914world.com/bbs2/html/emoticons/ar15.gif) (IMG:http://www.914world.com/bbs2/html/emoticons/ar15.gif)
Then nobody wins... |
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| bd1308 |
Apr 15 2005, 01:38 PM
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#14
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Sir Post-a-lot Group: Members Posts: 8,020 Joined: 24-January 05 From: Louisville,KY Member No.: 3,501 |
alot of blood my friend....all over your new car...
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