Classic Car Club Feature
My daily driver is a BMW E30 M3 and, although I love it dearly, over the past few years, I have managed to lavish over £10,000 on top of its original purchase price on maintenance, servicing and general repairs and other ad-hoc costs. As such, I'm no stranger to the running costs of a classic car. I know that much of the money I've spent on my car I will never see again, but then, that's the price of owning and looking after something a little out of the ordinary.
The only logical step from running a single relatively expensive car on a daily basis was, of course, to buy another one. The running costs are clearly outweighed by the fact that, by buying something older, I can avoid the tar-pit trap of depreciation-at least, that's what I said to my better half.
But at the tender age of 25, and with only one set of no-claims discount to my name, what could I buy that would possibly be even feasible to insure, let alone run and maintain on a regular basis? The answer seemed to be simple; nothing! At least, not within the fairly modest budget that I'd had in mind.
It was this simple logic that turned my eyes and thoughts to stray from the pages of the Autotrader, where I was looking for a second car to run alongside the M3, and, instead, to an advert in Evo magazine extolling the virtues of the Classic Car Club. Although the name may suggest images of tweed-clad, pipe-smoking gentlemen pontificating on the golden age of British motoring, nothing could be further from the truth...
The Classic Car Club is for people who love cars and are looking for a cost-effective way to enjoy all manner of automotive thrills, welcoming everyone from motoring aficionados to those who don't know their air intake from their elbow.
With UK locations in Bath, Edinburgh and London, the Classic Car Club operates under the simple motto, "Run by enthusiasts, for enthusiasts." For once, this isn't just marketing twaddle, as all of those involved in the Club are true classic car enthusiasts, with most of them starting out as club members before becoming staff. This ethos certainly rang true on my first visit to the Old Street, London, branch. I was soon chatting away with the knowledgeable guys and gals about some of the 50+ cars they have available in their expansive showroom and making a mental checklist of which cars I simply must drive-the list numbered about 50-ish.
So, two years ago, I signed up, parted with my hard-earned cash and experienced a number of cars that I couldn't have dreamt of driving otherwise.
Despite the name and the connotations therein, the 'Club is not only about the classic motors of previous generations. Sure, they have iconic classics such as a selection of Jags and Daimlers, including the MK II and E-types, an Aston V8, a Frogeye Sprite, various MGBs and earlier Porsches, including a 1967 911t and a Speedster amongst others, but they have also made space for the more modern classics, including a Mercedes 190 Cosworth, an Audi Quattro, Ferraris ranging from the 308 through to the 348 and more. They have even begun to look forward to the performance classics of tomorrow, encompassing the AMG E55, new Ford Mustang, Honda S2000 and a Maserati 3200 GT... the list continues to grow along with the club itself.
Two years on and I've managed to drive many of the cars that I'd lusted after during my original visit-the only thing is that the selection just keeps expanding! How far your membership takes you in terms of the numbers of cars borrowed and the days borrowed for is dependent on the Club's simple points system. Basically, each car has a grade ranging from 1 being the lowest (BMW 2002 for example) to 6 being the highest (Ferrari 348ts to pick but one). The months of the year are also graded on the logical basis that it costs more points to hire a car at the height of summer than it does in the dead of winter. The same goes for weekdays and weekends-weekdays at a low rate and weekends at a higher rate.
In my first year, I managed around 50 days of borrowing and, on average, the Club's members seem to enjoy 40-50 days a year. This can be increased if you stick to just weekdays, but it is difficult not to be enticed into a couple of extravagant weekend loans when the sun is shining or you have a social function to attend where you simply must impress.
Whilst covering this area, it is probably a good time to mention that, although you are effectively hiring a car from a company, this is no AVIS or Hertz. The cars are only available to members. After you've selected the right points package for you, there are no extra charges-no extra cash to pay out for particular models, no insurance excess deposits and, best of all, no mileage restrictions!
As a member of the Club, there are obviously certain allowances that have to be made-if you pay well over £1,000 to hire a spanking new Ferrari from a specialist hire company, then you'd be right to expect a showroom-standard car, but part and parcel of such an undertaking comes the mileage restrictions, the insurance payments up front and other such tie-ups. The Club's cars may temporarily suffer the odd scratch or scrape at times, but they are all maintained to a very high standard by a dedicated team of on-site mechanics.
Unfortunately, there are odd occasions when cars will be unavailable due to repairs to the aforementioned and when they are undergoing routine maintenance and repairs. It's times like these, or when you call up for a late booking as a rare sunny spell is predicted for the weekend, that you can sometimes end up with something you'd never even considered. It was on one such occasion (in fact, the only time it has happened to me, as you can also select a second choice of car when booking, just in case your first choice is unavailable) that I had one of my most fun borrowings, simply because I got to experience something that my preconceptions told me I wouldn't like, but which turned out to be a great drive.
But this is all facts and figures; driving great cars is all about the emotions they stir up, the admiring glances one gets in the high street and the random folk who will come and talk to you at filling stations, just so that they can have a poke around in something different from the usual Eurobox. Although, unlike me, I suggest you practice the art of lying; unfortunately, I usually buckle under the pressure of questioning and let slip that the car isn't mine at all!
Articles
Any:
An Introduction to Fractionals
Art:
Fractional art donations prove charity starts at home
Handbags:
25 questions to ask about fractional handbag clubs
Boats & Yachts:
25 questions to ask a fractional boat operator
Fractional Boats in New Zealand
Pushing the (fractional) boat out
Boats & yachts- what's on offer?
Fractionalize This
Classic Cars:
25 questions to ask a fractional car club
Why opt for a 'fractional' classic car?
Classic Car Club Feature
Getting the most out of your fractional ownership experience
Why Not Rent?
You've Always Loved Cars?
Fractional Life hits Le Mans
Destination Clubs:
Lifestyle Asset Group: the best of both worlds
Relationship Selling to Todays Affluent Fractional Clientele
Mixed Use: Avoiding a mix up
Focus on the Registry Collection
DCs- Variety is the spice of (fractional) life
Fractional Property Glossary
Aspirational vs. Inspirational Media
Member Strategies For Lean Times
Brand Maintenance During An Implosion
What Goes Up Must Come Down...
Savings through Foreign Exchange
Fractional Finance Solutions
Destination Clubs- an alternative?
Fractional Ownership Heads to Europe
Private Residence Club Perspective Part 1
Quintess
Ultimate Resort
Calistoga Ranch
The Weybridge Collection
The Villas at The Grand del Mar
The Solstice Collection
Vacation Visions: Exceptional Exterior and Interior Designs of Residence and Destination Clubs
Why the Boomers will change second home ownership in the US
Middle East Leisure Real Estate Market Booming
Bear Mountain Resort - A View from Paradise
New Association For Fractional Ownership
The New Vacation: A Time to Retune Re-Connect
Consultancy:
Profit Opportunities in Luxury Fractionals - A Summary
Exchange:
The Golden Rules of Fractionals
Racehorses:
A Horse by The Name of Fractional Life
Running Down a Dream
Corporate Hospitality:
So Long to the Suite Life
Aircraft & Jets:
25 questions to ask a fractional jet operator
Top tips for fractional jet travel
Jet Republic pilot applications reach new heights
Focus on Fractional Jet Europe
A closer look at fractional aviation
CoGoJets introduces jetpooling
Joining the jet set
Fly for a fraction of the cost
Flying without Wings
Can't afford that jet? Rent it
How Private Aviation Works
Legal Services:
Fractional ownership: is it timeshare in disguise?
Private Clubs:
A tale of two cities - Private residence clubs in San Francisco and London
The Italian Job: interview with Byrne Murphy of Palazzo Tornabuoni
Mixed Use: Avoiding a mix up
PRCs with added benefits
Northstars 'stay and play ' option
Private Residence Club Perspective
Fractional Property Glossary
What are the ingredients for the ideal Private Residence Club?
Savings through Foreign Exchange
Fractional Finance Solutions
Real estate:
Fractional Life in Ireland: For peat's sake!
Fractional Summit USA 2010- Speaker biographies
25 questions to ask about fractional property ownership
Fractional Summit Speaker Biographies
Fractional Property - The New Normal
Gay Community Embraces Fractional Property
Fractional Real Estate Investment Or Lifestyle Purchase?
Fractional Sales: Square Pegs In Round Holes?
Fractional Real Estate Commissions
Urban Fractionals
European Mixed-Use Resort Development in 2009
Mixed Use: Avoiding a mix up
Property- the legal issues
Fractional Holiday Getaways
Fractionals-Recession beaters?
State of fractionals
Fractional Property Glossary
Savings through Foreign Exchange
Fractional Finance Solutions
Fractional Property- the legal issues
Fractional Property Regulation
Fractional Ownership? We'll have a piece
Keep The Door Open
Why Fractional Property?
The Benefits of Fractional Ownership in Private Residence Clubs
Middle East Leisure Real Estate Market Booming
New Association For Fractional Ownership
Saving Homes, Homeowners and Banks Through Fractional Ownership?
Lifestyle:
Savings through Foreign Exchange
Convergence in the Fractional marketplace
The stock market for songwriters
Supercars:
25+ questions to ask a fractional car club
Live The High Life In A Fractional Supercar
Why Individuals Should Join A Supercar Club
Why opt for a 'fractional' supercar?
Focus on Marque II
Eco-road-warriors- How will the supercar club line-up of the future change?
Fresh metal- What's new on the supercar front?
So Why Not Buy?
You've Always Loved Cars?
Supercars- The cars of 2006/7
Let's Take The Lamborghini
Fractional Life hits Le Mans
Ascari Racing Festival Weekend
Fractional Supercars at the MPH Show
GROUP20 The SuperCar Club announce their 2007 Road Show in aid of Children In Need
New supercar club with green credentials
Luxury Motorhomes:
Denver RV show ready to roll
Wine & Spirits:
Wine






