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MembersThe smartest way to own an exotic car
Becoming a Co-Owner in an exotic luxury vehicle is the best way to combine the thrill and enjoyment of owning and experiencing an exotic car, without the hassle that can come with ownership.
You’re a Co-Owner
As an owner of your share, you purchase a secured equity share in the vehicle along with other vetted individuals who share the responsibility and enthusiasm for owning an exotic vehicle.
Full Management
MotorShare takes care of all the details, insurance, maintenance, servicing, registration, cleaning & storing the car in our facility. Your vehicle is ready to go whenever you need it.
Easy to use
Our web portal and mobile app mean you can book your usage whenever you need. You can always have two forward bookings, or make a last minute call to hit the road.
Reduced Costs
In addition to sharing any of the ongoing costs with co-owners, our revenue share program means that when Co-Owners aren’t using the vehicle it will be available for MotorShare members to use. With your 70% revenue share, you’ll be able to offset the ongoing costs of ownership.
Access to MotorShare Fleet
You may optionally choose to join our 10/20/30 day membership programmes to give you access to our fleet of exotic vehicles. You can even use your syndicate revenue share to offset this cost.
We have a unique offer to the market which means that we can offer a higher level of confidence for vehicle owners. Our customers are all members, which means they go through a details joining process where we:
Verify their licence detailsComplete a background checkMeet them in personRun a licence demerit / infringement / suspension check and in some cases a credit check / criminal checkHold Credit Card detailsIt’s important to understand how a syndicate works, and who takes care of what. As a Co-Owner you are responsible for looking after the car when it is in your possession, but the rest we will take care of.
MotorShare takes care of
InsuranceMaintenanceRegistrationStorageCleaningBookings
When using the car, you take care of
Fuel CostsExcess (in the event of damage)*Our insurance excess is usually $1,500
*We will take care of refueling for you if preferred with a small admin fee
**Co-Owners are responsible for their share of the expenses for the vehicle, however this may be offset by the revenue received from the car being used by MotorShare members.*
Co-Owners will receive their share of the revenue received by MotorShare from it’s membership programmes based on a number of factors
The number of days the car is bookedHow many days the Co-Owner has used themselves (this is to ensure fairness between those owners who use the vehicle more, and those who use it less)
Firstly, MotorShare will take a management fee of 30% & Co-Owners will receive 70% of the revenue
Secondly, MotorShare will apportion this share between owners, depending on how many days of usage they have had, and what share they own.
We believe our syndicates offer a great way to vastly reduce the costs of ownership, but still allow you to enjoy the benefits of exotic car ownership. We do not promote this as an investment opportunity, as the depreciation or appreciation of the vehicle asset is largely unknown.
| Full Ownership (E.g. Porsche 911) |  ¼ MotorShare Ownership | |
|---|---|---|
| Upfront Cost | $120,000 | $30,000 |
| Days of actual car use each year | 30 | 30 |
| Revenue Share (based on a 1/4 share of revenue) | NA | $1,173 |
| Yearly cost of ownership (e.g. Insurance, Maintenance, Registration, Cleaning etc) | $9,500 | $1,202 |
Co-Owners use the MotorShare app or web portal to book their vehicles.
Co-Owners receive the first right / opportunity to book vehiclesIf the vehicle is already booked by a MotorShare member, a Co-Owner may request for this booking to be removed.You can have two forward bookingsBookings can be up to 5 days, and can be back to back
Nothing lasts forever, and we understand that sometimes you may want to move / change your vehicle ownership. We’ve made it much easier to do so, and you can forget the traditional hassles of listing, showing a vehicle, dealers etc..
You can choose from the following options
If you have another party that is interested, we can assist with transferring over ownership (subject to our approval)
MotorShare can list and sell your share to another party on your behalf (brokerage fees do apply)
In the event a buyer can’t be found in a reasonable period of time, MotorShare will purchase the share at Market Valuation less 10%
Please Note
MotorShare will review the viability of each syndicate scheme on an annual basis to ensure that it is working well for the Co-Owners and MotorShare. In the event that the vehicle is no longer viable, or 50% or more of the Co-Owners would like to sell the vehicle, we will facilitate the sale of the vehicle at market value. The proceeds of the sale (less a brokerage fee) and any costs will be split between the Co-Owners according to their ownership percentage.
All syndicate vehicles are fully insured by MotorShare. A $1,500 excess applies to any incidents that occur from a Co-Owner or a MotorShare member. Any claims and work required to get the vehicle back to fully operational condition will be arranged by MotorShare.
Key Points
MotorShare will be the registered party for NZTA & insurance purposesCo-Owners will hold security over the vehicle via the New Zealand PPSR (private property securities register)No owners or MotorShare may hold any finance over the vehicleOur legal contract between us and Co-Owners details all responsibilities
MotorShare is New Zealand's first & largest private members exotic car club. Our members pay an annual fee to get the use of our collection of some of the worlds most exotic cars. We also offer our members exclusive events, and access to a community of like minded individuals.
Auckland (Head Office)
23/114 Wiri Station Road, Wiri, Auckland 2104
0800 220 009
team@motorshare.co.nz
© Copyright 2024 MotorShare Holdings Ltd
