In the last couple of years, fractional car share clubs (also referred to as “exotic car clubs”) have become increasingly popular, as they provide car enthusiasts with a compelling alternative to renting or owning exotic cars.

In the last year, five clubs have formed, bringing the total number of exotic car share clubs in the U.S. to eight. Clubs usually use a pay-per-use model or a pre-paid model, and a couple clubs have recently decided to offer members equity in cars. Some clubs provide members fractional usage of or ownership in one cars, whereas other clubs provide members fractional usage of a fleet of exotic cars.

Why join a fractional car club? For exotic car enthusiasts, when does it make sense to consider joining a fractional car club? Members join car clubs for a number of reasons. Most people who join exotic car clubs are those who:

• would rather have access to a fleet of exotic cars than owning one;
• doesn’t want to pay for an exotic car;
• doesn’t want to lose money on depreciation;
• doesn’t want to be bothered with maintenance and repairs;
• doesn’t want to pay extremely high rental prices;
• travels a lot and doesn’t want to see their car sit in a garage;
• doesn’t have time to use an exotic car for most of the year;
• wants to be a part of an exotic car club culture with added concierge services, programs and events.