fansonly

I'm driving an .2 GT3 stripper - only configurator option is color selection. I've got a touring on order and it's been my intention to part with the winged beast when that order comes through. But 400 miles in, I've started contemplating strategies to keep the stripper - or at least keep access to it.

I've not done an HPDE yet - it's still not broken in, but I will want to do one or two before I part with it. But one strategy I've considered for keeping the car is fractional ownership with some friends or even people I haven't met yet that might be keen on the idea. Has anyone out there done this successfully. How did you do it? I assume you need to create some kind of pooled structure that divides usage and expenses evenly etc..

Any stories - good or bad - are appreciated.

mooty

Cormid

I believe orthojoe does this. Perhaps he can chime in.

C.J. Ichiban

I would only do it with people who have something to lose IE you have a lien against their other cars. it only works for people who have 5+ cars each and that way they agree to collateralize one or more of their cars for part of yours.

I can help you set up a structure for an LLC and everything if you like

Palting

Just reading this makes me cringe.

orthojoe

It can work, but only with the right people. Just because you are friends does not mean it will work. There are potential land mines for sure.
It worked for me, and I know it works for some other friends I know as well.

We divided up consumables by track miles and would log track miles.

Overdraft

Sorry... I can't help but think this is a bad idea. If you love that car enough to think of alternate ways to keep it, it will drive you nuts to see what the others guys will - or won't - do to it as this scenario plays through. I am afraid I am with Palting on this one..

BK77

I've never owned another car with someone but I have partnered on boats, It can be a great thing or it could be a complete disaster. Make sure you have a great relationship with the person and you both have a clear understanding of what you will be responsible for when something breaks, because it will. Also, maker sure your partner has plenty of expendable cash. You don't want someone that's looking for a "cheap in" to do HPDE in a new GT3.

Todd B

Only people I've seen do this successfully have been immediate family. (brothers, father/son).

Jimmy-D

Agree

Jimmy-D

Even with Family can be tough/rough

pitt911

one idea , is keep it and you rent it to people like Turo or even for people to take on track with limited miles allowed and if track use extra charge for wearable . In Las Vegas you can rent a GT3 full day with instructor for around 1800 dollars including food. So you can do some additional research and make your charges accordingly per day. I think the car will pay for itself over time

_fletch

Where in Vegas is that? I know most of the spots there but havent come across anyone doing full day tuition + rental except at Spring Mountain (in Corvettes or something). PM me if you prefer. Im heading there in a few weeks so this knowledge could be fun useful

F1CrazyDriver

i have 2 friends that do this however for race cars. has worked perfect for them going on now for ~6 years.

johnsopa

Might do this with a true race car that everyone KNOWS is going to get damaged (aka crash) at some point.

Would NOT do this with a street car like ours that retains value very well. Any damage is going to diminish the value -- maybe significantly. Sure, you can try and have the person who damaged the car offset diminished value upon exit of the partnership, but then you need appraisers, etc.