aShareX, a U.S.-based investment platform, has teamed up with TheCarCrowd in the UK to offer shared ownership of special (and expensive) vehicles. The first vehicle being sold in shares is a Ferrari 328 GTS in concours condition. Shares will be available from this month, with investments starting from £1800.
“aShareX was built to offer everyday investors access to trophy assets typically reserved for ultra-high net worth people. By offering fractional shares in iconic assets like the Ferrari 328 GTS, we’re changing how people think about investing and ownership.”
Alan Snyder, Founder of aShareX
The idea seems reasonably simple. You take a classic car with investment potential, and make it accessible through fractional ownership. Anyone who owns a share in the car don’t need insurance, there’s no upkeep, and no need for a garage. Each owner has a share in a vehicle that could appreciate in value with no day to day responsibilities for it.
“We’re obsessed with finding the best cars that deliver real returns. Teaming up with aShareX means collectors and investors from both sides of the Atlantic can now buy into some of the most iconic cars ever made.”
David Spickett, CEO of TheCarCrowd
More cars and more collectible assets are expected to follow soon.
Read more automotive industry news
Leave a Reply
You must be logged in to post a comment.