Car Share Ownnership

[feebletoe1492]

Has anybody heard of car share ownership/ where you can share the running costs with a neighbour? does it work? tips please

[VHG]

Sounds like a recipe for disaster if you ask me.

Who decides who can have the car when, who decides who has the best "claim" for using the car that day or evening or weekend.

You both decide you want to go on holiday, starting the same day..one to Cornwall, the other to the Lake District. Who gets the car !

There will also be rows about who is making the most use of the car so who should pay the most towards it. What if one refuses to pay, or keeps forgetting to pay.

What if one person never fills it up with petrol.

Hard enough to share within a family, let alone with a neighbour.

Any scheme like this is likely to collapse in weeks, or even days.

[VHG]

Looks like WhipCar, one of the companies who started it, have found it does not work and closed in March this year

http://www.whipcar.com/

[pixie373]

I would agree with VHG. The only way I can think of doing it, is to own your own car, but get neighbour to pay an agreed amount towards mileage

[bednobs]

lol @ "in many ways, whipcar has been a success"
so successful they've shut down!

[feebletoe1492]

ok thanks guys....trying to find a way to save cash thats all

[bednobs]

nothing stopping you doing it on your own - renting your car to someone else

[EcclesCake]

I wonder why it doesn't work with cars yet works perfectly well with planes where co-ownership is very common with 8 or more people owning a share?!?

[boxtops]

we were amazed to see these in Birmingham at the weekend http://www.bbc.co.uk/news/uk-england-birmingham-22436208

[feebletoe1492]

didnt want to rent it...just share the running costs. think vhg is right in hindsight

[VHG]

>>>I wonder why it doesn't work with cars yet works perfectly well with planes

Well cars are usually owned by an individual, and are sitting on a drive so more accessible. They are more likely to be used to "pop to the shops" or whatever. People would also use their car much more often than a plane. So lots of scope for disputes.

A plane is at an airport so a person has to make a effort to get there, and I assume people use a plane just a few special times a year.

Also I guess (but don't know) that the plane is owned by the "leasing" company and you lease your share for so much a month. And if you don't pay your monthly amount you don't get to use it.

Also the leasing company probably service it, fill it with fuel etc. Also you probably book it out via the leasing company or booking agent, so they can easily say when it is booked and when it is available, so less room for dispute.

It probably works a bit like booking a caravan or chalet on a holiday camp, it is all done via the "booking agent" rather than the person who "owns" the car that is sitting on their drive. Far less chance for disputes that way.

[ToraToraTora]

one word: Impossible! frightening! doh!

[EcclesCake]

VHG, you are quite wrong with your understanding of how shared ownership of a light aircraft works.

A group of people buy the aircraft, share the servicing and hangar costs. You have access to the a/c for a nominal number of hours it is up to you to use them, or not.

Many syndicates live within easy access of the aerodrome, but that is irrelevant as it is your choice to join the syndicate.