Questions To Ask Before Joining A Fractional Car Club

Alex Bradford, Helium Report

If you’re thinking about joining a fractional exotic car club, here are some due diligence questions you should ask prospective clubs:

Is insurance included in the usage fees? (Some clubs don’t provide insurance)
What is the club’s rental guarantee policy?
What is the average price per day?
What is the reservation rate?
What is the member-to-car ratio?
How many members are in the club?
What is the club’s total member goal?
Are there any additional fees?
Can I let my friends, family and/or colleagues use my membership?
Is car delivery provided?
Can I store my car at the club?
What kind of concierge or additional services, if any, does the club provide members?
What is the nature of the club culture? (Clubs have different club cultures)
Does the club have plans to raise prices and policies in the future?
How safe are my membership fee and annual dues?

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