Darren C Wrote:Planes and helicopters are shared by people with large disposable income.
Shared Car ownership based on not being able to justify £30K to your other half is a recipe for disaster.
Lets say I go halves with you and decide I want to spend £10K on the car making it more screen accurate, so knock on your door and ask you for £5K. Then next week the engine blows, so as I have plenty of disposable income I buy a new crate engine and knock on your door for another £2K. Then the week after I'd like a turbo conversion so book the car in for that. But at the same time I'm out in it, you want to use the car.
I filled it up with Fuel, say £70, then you used it but didn't fill it back up or visa versa.
I get a puncture, so ask you for half towards a new tyre.
It simply DOES NOT WORK, it'll end in tears
Sorry about the delayed response, I only had access via a mobile and hate to do thorough response on it
Clearly, these are very valid and expected questions. To answer the first, It would be discussed and agreed in advance as the the accuracy of the car.
If the engine blows, I'm in the motor trade so having a mid engined car worked on is not a problem at all. With regards to the cost, worst case scenario I could either borrow the cash from a close family member who has some disposable income, or look at taking a small loan, not a problem.
Turbo conversions aren't really necessary, and of course if discussed in advance as per above, could be excluded going forwards.
There would be a fair booking schedule and if someone has it booked...that's life and part of sharing a vehicle and i'm absolutely fine with that. If we're being honest though, it's hardly going to be driven a few times a week once the initial excitement period is over. It will be a truly respected car generally for weekend use and to events.
If you stick £70 fuel in and use half, I either do the same next time or hand over half of the expense.
If the tyre punctures, again, I'm in the trade and a new tyre would be fit and cost shared.
There is a reason why I'm looking to fund half, it's so that I can have a bit of cash aside for these exact reasons and not stretch myself. If it transpires that both parties can't afford the repairs until payday, then that's how it goes. The same rule applies in that if for some reason the other party couldn't quite afford a small repair that month, it's fine, I would either cover it and the expense could be paid the following month perhaps in fuel costs etc. As long as both guys are genuine and it's all documented, it will be absolutely fine.
This is why it's hard to gauge a person across forums. I suspect that all of you here are excellent, trust worthy guys. A Delorean isn't the type of car that idiots own, to put it bluntly. I would imagine, as with any classics, that you are caring and sensible individuals who have a passion for these cars.