Ten Club Members Wanted

[Scooby Hoo?]

With a grand to spare to purchase as share in Deans car. Just toying with the idea of a group ownership of the car as a complete package.

Would make for an interesting trackday, one car ten drivers.

So if enough are up for it we could look into it more seriously.

I can supply storage facility's.

[baser999]

With a grand to spare to

[emoe]

This is actually a good idea! My brother does the same thing with the plane we use. Its a syndicate system that works pretty well.

Youll need to draw up an agreement with all those who invest to agree who keeps the vehicle, where it is stored, booking days for use of the vehicle and also monthly running costs shared between everyone.

Maybe SIDC could chip in and have the livery done!

[Scooby Hoo?]

Baser you already have the 999 now you just need one more

[Scooby Hoo?]

This is actually a good idea! My brother does the same thing with the plane we use. Its a syndicate system that works pretty well.

Youll need to draw up an agreement with all those who invest to agree who keeps the vehicle, where it is stored, booking days for use of the vehicle and also monthly running costs shared between everyone.

Maybe SIDC could chip in and have the livery done!

I have a friend who bought into a sailing boat with a similar scheme and as people decided to opt out he bought there share and now he owns the whole boat.

But it can work well if people are interested.

Edited March 5, 2009 by Scooby Hoo?

[T123VOR]

Unfortunately i couldnt afford this at the mo' - shame as it seems a good idea

[big jay]

If i had the ready's i would be up for this. Can you pay monthly lol? Edited March 5, 2009 by Big Jay

[Scooby Hoo?]

If i had the ready's i would be up for this. Can you pay monthly lol?

I just need to assess the interest before having talks with Dean and working out a serious plan as to the best way forward. Talks with Insurance, maintenance costs, drawing up an agreement that has everyones interest at heart and the fine print.

On the plus side your get to drive a track car with only a 10th of the cost and you can always sell your share back, with say a three month notice to the other owners. You also don't knock the legs out of the every day wheels.

Lets face it it's a rare opportunity to own a car like Deans and he's done all the hard bit.

THINK ABOUT IT.

[eureka]

thimk you might struggle mate

would get very political i think

how happy would the other nine be if 1 blew it up

would they want there money back ????????

[j-k]

This would become a very difficult situation imho...

Having done something very similar, you will have to have at least 150% trust in each party for it to even have a remote chance of working.....

just my opinion...

jon

[Scooby Hoo?]

thimk you might struggle mate

would get very political i think

how happy would the other nine be if 1 blew it up

would they want there money back ????????

I had considered that aspect of it Steve and I'm sure that the rev limiter could be lowered to protect everyones investment. As each persons driving skill advanced so to could the Rev's just as in Formula Ford.

As you pointed out it would have to be a group that had a common interest and where not buying in just to thrash the nuts off the car.

Cars can be driven very fast without being on the rev limit all the time. It would seem silly to invest a £1000 just to smash it, not in anyones interest.

[eureka]

point taken mate but i know i wouldnt want to be the one in the car if it let go for various reasons not nes bad driving

and for that reason im out

[yogi-]

and for that reason im out

Dragons Den

[baser999]

Baser you already have the 999 now you just need one more

At the moment I'm thinking about becoming Baser 9.99

[yogi-]

You call it 9.99, we call you something else

This idea is madness, as Kent scoobies couldn't organise a **** up in a brewery

Edited March 6, 2009 by Granby

[fudge]

It's a good idea regarding the opening of a door into motor sport for guys on a limited budget.

The chances of destroying the car as a result of a racing incident, mechanical failure or maybe the fault of another driver is much higher than driving a boat into a harbour wall or flying a plane into the ground !

One thing to think of: when a guy attends a track day with his own car he would typically spend more time in the pits than flat out on the track.

Ten guys sharing one car would result in the complete opposite and increase the chances of mechanical failure ten times.

I still believe it's a good idea Hugh, but the aforementioned would need to be realised by all concerned to prevent the s**t from hitting the fan.

[eureka]

You call it 9.99, we call you something else

This idea is madness, as Kent scoobies couldn't organise a **** up in a brewery

Edited March 6, 2009 by Granby

[granby]

This idea is madness, as Kent scoobies couldn't organise a **** up in a brewery

Is that like the ten pin bowling you were organising last year but gave up

[yogi-]

Is that like the ten pin bowling you were organising last year but gave up

I gave up because it's like pulling teeth getting people to decide to do out.

I'm not having a go or anything, far from it, but realistically, it's a nice thought in an ideal world but as has been said before, things like this rarely work out and so people just sell there share and that could cause friction/bad blood later on imho

There is nothing i'd like to see more than a club car that could be used for track days. If I had a money tree in ma back yard, i'd buy it for the club

Edited March 6, 2009 by yogi-

[col_2]

its a good idea, but ive been looking into it, & you can drive a super car or any car of

your choice on track from as little as £100, so that would make ten track days

with no other payments, & if anything goes wrong with the car they replace it, & the training

is included

[granby]

I gave up because it's like pulling teeth getting people to decide to do out.

I'm not having a go or anything, far from it, but realistically, it's a nice thought in an ideal world but as has been said before, things like this rarely work out and so people just sell there share and that could cause friction/bad blood later on imho

There is nothing i'd like to see more than a club car that could be used for track days. If I had a money tree in ma back yard, i'd buy it for the club

You better start doing some work then instead of skiving off

[Scooby Hoo?]

its a good idea, but ive been looking into it, & you can drive a super car or any car of

your choice on track from as little as £100, so that would make ten track days

with no other payments, & if anything goes wrong with the car they replace it, & the training

is included

Thats a good point Col_2 but I think that you only get a few laps and its not really like owning part of a track car.

I think Granby has done a couple of these days and he knows a lot more about it than me.

As you point out 10 track days would amount to £1000 but thats your money gone. With Deans car you would still have the equity and it would be Insured for "Total Loss".

I would factor in £500 per person a year for Insurance/maintance and track fees.

Just sounds affordable motor sport to me.

Yogi I think your quote, "This Idea is madness" is a bit harsh.

[yogi-]

Pot, Kettle, Black!

[mikkers]

This happens all the time with race horses, but they dont ride the thing themselves and are really only interested in winnings. If you are taking a "stake" in the car then its a stake you will never get back - it is still going to depreciate like all cars.

Saying its like owning a race car on a budget is mileading - things WILL go wrong, they always do with cars such as these, and then someone will have to chase 9 people for the funds to get it put right - thats 10 chances of someone not being able to afford it. What then, the other 9 stump up and the tenth will owe them? Or will they lose their stake? Or will the car just sit somewhere broken?

If it cost £1000 to buy and £500 a year to run plus any unforseen expenses its worth wondering will you really get your money's worth when you have to share with 9 others.

The idea is not totally without merit, but not with ten people, its just too many to have to deal with on the organisational front. Maybe 2 or 3 of the more well-heeled members could buy it and that would cut down on all the beaurocracy and potential money raising problems.

But it would be nice if this car stayed in Kent.

So just buy it outright, Hugh!

[Scooby Hoo?]

The idea is not totally without merit, but not with ten people, its just too many to have to deal with on the organisational front. Maybe 2 or 3 of the more well-heeled members could buy it and that would cut down on all the beaurocracy and potential money raising problems.

Yes it would be ideal if 2/3 people were to buy the car but it would not be available to the members of the club how couldn't raise £3333.00 Of course things will go wrong hence the £5000 a year running costs.