Why opt for a 'fractional' classic car?
Classic and supercars make little sense when you weigh up their usability compared to your average family hatchback. But if our heads ruled all of our decisions the world would be a dull and stagnant place- so Ferrari, Lamborghini, Porsche and their ilk hold a special place in our hearts if not our garages.
If you would still like to experience the thrill of driving them, even if just as an occasional respite from the normal grind of motoring then a ‘fractional’ car club is the next best thing to having your own Jaguar e-Type or Lamborghini Murciélago.
As costly assets to maintain, car clubs tend to adopt the asset-sharing model- the shelf-life of individual cars is relatively short in order to keep fleets fresh, resale values as high as possible and maintenance and consumable costs to a minimum. Also, it allows for a greater range of models to be purchased by the club.
The standard format is one of membership costs covering points and mileage values that can then be 'spent' throughout the year across the fleet, with the points of each hire being dependent on the grade of car, time of year and weekday or weekend use. How your points are used is down to you, but generally between 35 to 50 days use per year is the norm, obviously less if you want the top-ranked vehicles only for weekend use during the summer and more if you opt for off-peak weekdays in lower band cars.
Long time Classic Car Club member Mark O’Neill summed up the appeal “Every few weeks I get to try something different, even if it’s a car I’d never consider buying because of the costs involved or the practicalities. My experiences have ranged from cross-channel jaunts in a Mustang to driving a superb e-Type Jag to my own wedding!”
Prices for car club membership range from approximately £3,000 for those offering half-membership on classic and modern-classic cars to £16,000 for those offering only the latest and greatest supercars.