Car crowd funding

[TheCarCrowd]

I still don't get it. As a business first and foremost the numbers don't stack up surely. It won't be able to sustain itself but I would be interested to see the accounts, sales, costs etc. to see if it does stack up.

You'd be better off buying a BOTB ticket I would have thought.

If say that 205 GTi doubled over 5 years. Less costs your return is just not interesting if anything.

Say you hired out that Mini @ £300 per day. Less costs unless it was hired for many days or weeks you can't make enough money.

I would love to see what I have missed and be given some real true numbers though as always I retain an open mind at all times.

Seems like a great way to spend 5 years doing something you love at someone else's costs from the outside.

Hi, our profitability comes from an affiliate marketplace structure rather than fees from the cars. We set the business up in order to maximise return on investment for the shareholders and so The fees are just to break even on storage, maintenance, marketing etc. TheCarCrowd at scale will offer discounted links to motoring based partners for insurance, finance, car sales, tours etc. This integrated marketplace is where we seek to make our margin to make sure we don’t have to charge high fees and reduce investor returns. Thanks

 

[mjheathcote]

Well 8 months later how many shares have been sold on each car?
I didn't follow this 8 months ago but as the 360 was mentioned I assume this was the first?
If after 8 months say half of the shares have been sold, it's difficult to then 'invest' as its obvious all the shares will never be sold, and therefore you will never reach the point when you can ever resell your share? The only way of ever returning on the 'investment' is when the car is ever sold in the future, hopefully for more than the purchase price. Until that point, no way out?

 

[TheCarCrowd]

Well 8 months later how many shares have been sold on each car?
I didn't follow this 8 months ago but as the 360 was mentioned I assume this was the first?
If after 8 months say half of the shares have been sold, it's difficult to then 'invest' as its obvious all the shares will never be sold, and therefore you will never reach the point when you can ever resell your share? The only way of ever returning on the 'investment' is when the car is ever sold in the future, hopefully for more than the purchase price. Until that point, no way out?

Hi, we launched in November 2020 and fully funded the Peugeot 205gti with 64 investors pulling together to buy the car outright. We then paused due to COVID until April when we re-launched with a Clio V6. Again that’s now fully funded in 62 days with 69 people joining together to fund the car. We now have over 900 registered users and over 120 separate investors. We have just launched the 360, Spyker c8 and a Sierra cosworth which after 2 days is already at 13% funded. We are looking to add new cars all the time and have a range to appeal to everyone but all with the key ingredients for appreciation. Thank you

 

[dgmx5]

Midweek Takeaway with The Car Crowd CEO David Spickett.

In this episode of the Midweek takeaway Phil Carroll and Kevin Hornsby talk to the CEO of the "The Car Crowd" David Spickett a modern classic car investment company with a twist and classic car pundit and MD of "Stone Cold Classics", Wayne Lamport.

audioboom.com

 

[Delmonte]

Midweek Takeaway with The Car Crowd CEO David Spickett.

In this episode of the Midweek takeaway Phil Carroll and Kevin Hornsby talk to the CEO of the "The Car Crowd" David Spickett a modern classic car investment company with a twist and classic car pundit and MD of "Stone Cold Classics", Wayne Lamport.

audioboom.com

Hmmmm. Does not float my boat one bit that. Paying for a microscopic share in a car purely in the hope it will go up in value, you don’t get to us it, and don’t get much say in when to choose when to sell it ( realise your investment).
I wouldn’t invest in the company either. The above link isn’t independent investment advice.... it’s a paid advert / plug, by people likely invested already. Too much of that stuff around IMHO.

As far as “car investing” goes, I’m generally against it. The last 15 year boom has seen so many of my favourite cars sent permanently out of reach by investors buying them up and putting them in garages never to see the light of day. I’d have an Espada now if the latest boom hadn’t happened....
Besides, we are due a crash, and i for one hope there is one.

 

[MaserMike]

Doesn’t make any financial sense to me, so I’m definitely out…. Alarm bells just ring for me

 

[Nayf]

Hmmmm. Does not float my boat one bit that. Paying for a microscopic share in a car purely in the hope it will go up in value, you don’t get to us it, and don’t get much say in when to choose when to sell it ( realise your investment).
I wouldn’t invest in the company either. The above link isn’t independent investment advice.... it’s a paid advert / plug, by people likely invested already. Too much of that stuff around IMHO.

As far as “car investing” goes, I’m generally against it. The last 15 year boom has seen so many of my favourite cars sent permanently out of reach by investors buying them up and putting them in garages never to see the light of day. I’d have an Espada now if the latest boom hadn’t happened....
Besides, we are due a crash, and i for one hope there is one.

Hmm I’m not sure there will be a crash, seeing as the value of currency is continuing to plummet. Stores of values, assets, will continue to be prized if money continues to be printed. It’s why NFTs are blowing up right now - rightly or wrongly.
At least with a classic car you get to enjoy nature’s splendour while you wait for the tow truck.*

* multiple Classic owner.

 

[Scaf]

Hmm I’m not sure there will be a crash…….
* multiple Classic owner.

The difference being that you own you cars, can use them when you want to and get to decide when and where to divest of the investment………..

 

[Nayf]

The difference being that you own you cars, can use them when you want to and get to decide when and where to divest of the investment………..

Oh I was referring to the market in general, not to this particular scheme.
It’s not one for me, personally.

 

[Delmonte]

Hmm I’m not sure there will be a crash, seeing as the value of currency is continuing to plummet. Stores of values, assets, will continue to be prized if money continues to be printed. It’s why NFTs are blowing up right now - rightly or wrongly.
At least with a classic car you get to enjoy nature’s splendour while you wait for the tow truck.*

* multiple Classic owner.

I’m inclined to agree about the value of hard assets..... but then again, every classic boom in history has been followed by a crash.. I feel you can’t fight history. Albeit long term, the booms always ride out the crashes eventually. Far better anyway, to just buy what you enjoy, and if you gain financially, (or even gain back a tiny bit of your usually epic restoration/ running costs, then happy days).
But the classic car market is very generational anyway. 80s / 90s stuff currently in vogue and booming due to ‘us lot’ getting to monied age now.... I’m guessing (but haven’t checked) that it’s not the same for the likes of MGBs and Stags, now their fans are moving on from this world... How many of us lot want an MGB or an Austin 7? How many millennials will want a XR3 in their turn?

 

[Nayf]

I’m inclined to agree about the value of hard assets..... but then again, every classic boom in history has been followed by a crash.. I feel you can’t fight history. Albeit long term, the booms always ride out the crashes eventually. Far better anyway, to just buy what you enjoy, and if you gain financially, (or even gain back a tiny bit of your usually epic restoration/ running costs, then happy days).
But the classic car market is very generational anyway. 80s / 90s stuff currently in vogue and booming due to ‘us lot’ getting to monied age now.... I’m guessing (but haven’t checked) that it’s not the same for the likes of MGBs and Stags, now their fans are moving on from this world... How many of us lot want an MGB or an Austin 7? How many millennials will want a XR3 in their turn?

I think that there is a certain fetishization to history, and the fashions that circulate around it, and this will move forwards. Take the Goodwood Revival – look how popular that is with all age groups. You can expect similar going forward for 70s/80s/90s cars – that's inevitable, it just needs the cahojnes and capital to make it happen; look at the success of RADwood in the USA. Remember that millenials are a large spread – technically I'm one, and I'm 39. Mind you I can remember when 'downloading p0rn' meant fishing discarded copies of Razzle out of hedges near truck stops.

I think there will be the occasional deflation here and there, or a correction to the inflationary curve, perhaps, but an 80s-style bust? No, because there's far more money (real or otherwise) floating around, plus new markets like the far east, Asia and Africa, perhaps South America too. The American appetite for stuff like Escort Cosworths and BMW M3s is quite something too.

The biggest risk is marque fire sales, particularly for models that aren't that rare. See the attached picture – that's three DB6s in one sale that isn't Aston-centric.

 

[Scaf]

I can remember when 'downloading p0rn' meant fishing discarded copies of Razzle out of hedges near truck stops.

Same age as me then

 

[Nayf]

Same age as me then

Why the **** were the ladies therein always covered in custard? Surely if what it's alluding to comes out in a pale yellow colour, that's a reason to see the doctor or stop eating quavers before 'exercises'.

 

[Delmonte]

Why the **** were the ladies therein always covered in custard? Surely if what it's alluding to comes out in a pale yellow colour, that's a reason to see the doctor or stop eating quavers before 'exercises'.

Low quality in every aspect, Razzle. But what do you expect for 50p? Whitehouse, now there was a jazz mag

 

[Nayf]

Low quality in every aspect, Razzle. But what do you expect for 50p? Whitehouse, now there was a jazz mag

Bit before my purchasing era. Was Mayfair and Club International for me. Classy.

I tried to explain the concept of a 'Contact mag' to a 22 year old recently, trying to explain why a black oblong over someone's face on a news article made me smile. That was tricky.

Bit like explaining Bullseye to my Brazilian wife.

 

[spkennyuk]

Why the **** were the ladies therein always covered in custard? Surely if what it's alluding to comes out in a pale yellow colour, that's a reason to see the doctor or stop eating quavers before 'exercises'.

If you fished it out from under a hedge there is a good chance the yellow custard was an added extra

 

[Mr Spoon]

I'm not sure about this, specifically I do not think it is an investment opportunity, more a way for the owners to fund cars they wish to own. (pre car moving to the limited company~)

 

[dgmx5]

@Contigo did the interview with The Car Crowd.

This model has been discussed at various points since @rivarama first posted on here about it, but it has never seemed to gain traction.

 

[MaserMike]

I’ll stick to my old formula of working hard, saving up and buying only the things I can afford… cars I normally buy outright where possible or if it’s on a cracking low APR

 

[Mr Spoon]

once that low APR gets you @MaserMike you're caught for life