The Car Crowd: “unlocking the potential of Classic Cars for everyone”
Have you always dreamed about owning a Classic or Prestige Car but don’t have the budget for it? That all changes with the launch of The Car Crowd! We take a look at how you can own a share in a classic car with the potential to make money from it.
Founded in 2020, The team are self-confessed petrol heads and have a passion for cars. They want to be able to share this with everyone, giving you the opportunity to own a piece in a Classic Car that you have always dreamed about.
Not only is The Car Crowd letting you live your dreams of being able to say you own a Classic Car, but there is potential to make money from it as well.
Note: Capital at risk – Car values may go up as well as down
We caught up with David, CEO to find out more about shares in Classic Cars works.
How does it work?
Every month there will be an updated choice of classic cars. These are carefully selected by a group of classic and prestige dealers. They follow strict criteria so you will always find rare classics.
You then get to buy up to 100 shares of the cars, with every car being split into 1,000 shares. Cars currently include 2004 Ferrari 360 Challenge Stradale, V8 engine and only 25,000 miles on the clock. As new, this car would cost you £133K but with for a share, the cost is only £199.50. A fraction of the price! If you’re looking for something slightly cheaper, there is an option for shares in a Renault Megane R26.R or a beautiful 1988 Peugeot 205 GTI. These start at under £20 and present an opportunity not to be missed.
Shares open to interested buyers, then when they are all sold the car is purchased by a private limited company which is fully owned by the shareholders.
What happens then?
TheCarCrowd will store, maintain and insure the cars and invite all shareholders to come and experience their investment at any time. As a shareholder, you will also be invited to shows where the cars are being exhibited, including The British Motor Show in August 2021.
Not only are you joining a community of likeminded petrol heads the cars can earn you money! A share in a classic car AND earn money from it, that sounds good to us! Appreciation has grown since 2005 by 245.8% (data: Coutts Passion Index 2019). Not only will this growth help earn you money over the long term but you could also get in year Dividends as the cars will potentially generate income from use in TV shows, movides and press events. As a shareholder you get to vote on the work the car does and also when its sold, giving you full control.
If you change your mind and want to sell your shares you can post them for sale on the secondary market at the latest valuation. Although TheCarCrowd can’t guarantee a sale they will help with marketing so you will never feel like you are stuck with something you don’t want anymore.
We are proud to be working with The Car Crowd provide you with the chance to own a piece of a car of your dreams, to register and find out more, visit their website: www.thecarcrowd.co.uk/investor-home