i don't know how you could realistically run a group buy. Don't get me wrong, it would be good thing....but it has the potential for conflict between interested parties.
Thundercat
- Thread starter rikedwards
- Start date
This is true, and the only way this could ever happen is if the car was only ever rolled out for shows. There is no way this could be owned by one person, it would have to be owned by all who put money into it as a project. It is doable, but it would need some very carefull working out.
I'd be interested at being involved....but the problem you have - say 10 of you put in £100 to buy it.
10 of you could then have to put in £500 each to fix it.
10 of you could then have to put in £500 each to fix it.
It could happen with this car. But the very fine details would have to be worked out as you would all have an equal share in it and an equal say in what happens to it. But I think if it was brought back to life again as a show piece car only, so no actual member is driving it around in it, I think it could work. There would be no risk then with the car if anything happened to it. Something to think about for sure, but it would need all the people interested in it to agree on things.
Sorry guys i would say group buy or multiple owers would never work, Too many different ideas and if someone who invests decides to move on they are going to want some money back out of it etc..
It would have to be either someone who has the time money and know how, or someone who is interested in the engine and may be some other bits, and then would it be worth it??
It would have to be either someone who has the time money and know how, or someone who is interested in the engine and may be some other bits, and then would it be worth it??
With the "right" 10 people, I think you would only need £200 max off each member. The biggest cost would be the respray. Everything else could be sorted out by members, unless a member has a spray shop ?
If/but/maybe.........
It's a completely impractical idea. Where would it be kept/stored as no one would officially have the right to "use" it. We all love our cars no doubt about that, but to get ten+ people to dip into already depleted funds for what amounts to hundreds of pounds each? No, this is a one man band show. Somebody will buy it privately and privately own and use it. Weather they are a member here or not and weather it appears at shows or not is all pie in the sky.
It's a completely impractical idea. Where would it be kept/stored as no one would officially have the right to "use" it. We all love our cars no doubt about that, but to get ten+ people to dip into already depleted funds for what amounts to hundreds of pounds each? No, this is a one man band show. Somebody will buy it privately and privately own and use it. Weather they are a member here or not and weather it appears at shows or not is all pie in the sky.
The way I'd see a group buy working is:
1) Formalised club constitution, with a voted, appointed committee with exectutive power, reviewed by vote at an AGM or EGM as required.
2) The equity would be with UKCougar - i.e. members "buying in" would be non-equity members. It would be a donation to a club pot. Perhaps a 2 tier subscription.
3) The car would be brought to shows and club events using club petrol, and either on club insurance (or perhaps more realistically, added to the lucky driver's own comprehensive policy for the week at their own expense - proof of insurance required before driveaway). Drivers picked from a rolling roster of who's attending what event etc. Perhaps the car could be "bookable" by subscribed members who wanted it for a wet-lease fee - like a classic car rental.
4) Top tier subscription members would be entitled to drive it (on proof of insurance and valid license etc) and tier fees ongoing would be used to tax, MOT, service the car etc on an ongoing basis until it was no longer wanted.
The only bit I can't quite picture is what to do with the car when it eventually becomes time to dispose of it.
1) Formalised club constitution, with a voted, appointed committee with exectutive power, reviewed by vote at an AGM or EGM as required.
2) The equity would be with UKCougar - i.e. members "buying in" would be non-equity members. It would be a donation to a club pot. Perhaps a 2 tier subscription.
3) The car would be brought to shows and club events using club petrol, and either on club insurance (or perhaps more realistically, added to the lucky driver's own comprehensive policy for the week at their own expense - proof of insurance required before driveaway). Drivers picked from a rolling roster of who's attending what event etc. Perhaps the car could be "bookable" by subscribed members who wanted it for a wet-lease fee - like a classic car rental.
4) Top tier subscription members would be entitled to drive it (on proof of insurance and valid license etc) and tier fees ongoing would be used to tax, MOT, service the car etc on an ongoing basis until it was no longer wanted.
The only bit I can't quite picture is what to do with the car when it eventually becomes time to dispose of it.
Beaulieu National Motor Museum is one of the only possible ways to sell it on , its a big place and hes kind cool with this kind of thing, but one would have to make a proposal , http://www.beaulieu.co.uk/
oh yeah i know what you mean, but hes been known to take a gamble just depends on the car, and..theres nothing there on a cougar, and these are now no longer in production at all, and weve hit the 10 year mark ?
Possible, it would have to be looking first class though, and the colour would need changing back to a more standard colour ( Silver, Blue, Black or Green. )
This is all possible, but it would mean handing the car over to a museum for most of the year. I do not know how other members would feel about that. Something to think about. Maybe a thread needs steeing up to gauge interest from members ?
It's not so much who to dispose of it to, but what to do with any cash realised by the sale. A scenario might be that someone such as Jason decides to wrap up the club because of declining membership (for example) and sells the car. What does he do with the money? Just using Jason as an example as it's "his club" at the moment and he'd be the natural chairman.
Things like NIPs because the club toss pot was caught speeding etc would need to be onpassed to the member driving on that date and all that, but that's nothing that isn't already done by everyone already giving cars to people other than the registered keeper such as courtesy & hire car providers. The driver signs that he's got the car on such and such a date when he provides his proof of insurance, and a notification from the Police gets responded to with that member's details from the club records for that date.
Things like NIPs because the club toss pot was caught speeding etc would need to be onpassed to the member driving on that date and all that, but that's nothing that isn't already done by everyone already giving cars to people other than the registered keeper such as courtesy & hire car providers. The driver signs that he's got the car on such and such a date when he provides his proof of insurance, and a notification from the Police gets responded to with that member's details from the club records for that date.
Hayne's Motor Museum are not against having 'modded' cars in their collection.
http://www.haynesmotormuseum.com/
50 x £50.00 raffle tickets raises the money to buy and fix.
Independant draw with 1 very lucky winner.
http://www.haynesmotormuseum.com/
50 x £50.00 raffle tickets raises the money to buy and fix.
Independant draw with 1 very lucky winner.
They would not even know what a cougar was, they did not even do a manual for one..
They would not even know what a cougar was, they did not even do a manual for one..
With one on the premises they wouldn't have any excuse
But we don't all have supercharged V6's!
A group/club purchase is a total no go in my eyes. Too many people means too many ideas etc and it'd never work. To register it as club car would mean a company/hire car style registration on the V5 and an annual insurance policy to match. No one is going to want to accept liability for the car without insurance. Where will it live, who is going to provide space for it? Who does the regular housekeeping of washing/waxing/vacuuming/polishing etc? Not fair to put that all on one person. How would the car be transported from member to member if it's to be available to different people?
The only way any of that could even be an idea is if it ALL came out of one pot, insurance, maintenance, fuel, transport etc etc. So who puts into the pot? If only certain people put in to a "club car" it's then not a club car.
Any suggestions or ideas of a multi-owner purchase should be disregarded and forgotten as far as I'm concerned unless a group of buyers setup an agreement away from the club on their own terms.
The notion of a club car is ludicrous IMO as it'd never work. Too many chefs and all that.
A group/club purchase is a total no go in my eyes. Too many people means too many ideas etc and it'd never work. To register it as club car would mean a company/hire car style registration on the V5 and an annual insurance policy to match. No one is going to want to accept liability for the car without insurance. Where will it live, who is going to provide space for it? Who does the regular housekeeping of washing/waxing/vacuuming/polishing etc? Not fair to put that all on one person. How would the car be transported from member to member if it's to be available to different people?
The only way any of that could even be an idea is if it ALL came out of one pot, insurance, maintenance, fuel, transport etc etc. So who puts into the pot? If only certain people put in to a "club car" it's then not a club car.
Any suggestions or ideas of a multi-owner purchase should be disregarded and forgotten as far as I'm concerned unless a group of buyers setup an agreement away from the club on their own terms.
The notion of a club car is ludicrous IMO as it'd never work. Too many chefs and all that.