Supercar Ownership
Made Attainable
Your Gateway to Supercar Ownership
At Palmetto Supercar Collective, we specialize in co-ownership of exotic supercars, and provide a cost effective way for members to enjoy their favorite vehicles while minimizing impacts from depreciation, maintenance, insurance and other expenses, yet still holding equity in their valuable asset.
Cost Effective Structure
We Take Care of Everything
Our dedicated team handles all aspects of supercar ownership. Ordering, purchasing, storage, maintenance, insurance, detailing, and scheduling is all taken care of, allowing you to enjoy the thrill of driving without the hassle of traditional ownership methods. Whether you want a McLaren, Lamborghini, Ferrari, Porsche, or anything in between, we can put together a package for you!
Benefits of
Co-Ownership
Palmetto Supercar Collective offers an entirely different approach to enjoying high end exotic vehicles. We have found that when individuals purchase a supercar, it ends up sitting in the garage and not being driven over 90% of the time, leaving them taking a massive hit on depreciation, while having to cover all of the other annual expenses on their own. Our structure has many advantages when compared to sole ownership, leasing, or renting, which are further explained in the example below.
Cost Analysis
Referencing the table below, we have broken down and analyzed four usage scenarios for a McLaren 750S and the associated costs for each option:
Co-Ownership: The clear winner from a financial standpoint. Over the course of three years with one equity share, the net cost is only $38k due to splitting the significant costs of depreciation and associated expenses between the other owners.
Sole Ownership: This option has advantages when considering usage availability, but as we have said, these types of vehicles sit in the garage severely underutilized in most cases, making this a non-factor. Due to the extreme cost impact, we do not view this as a viable option for most people.
Leasing: Arguably the worst option of all, as you are limited on your usage based on your lease contract, and are left shouldering the highest economic impact of all four scenarios after the three year term.
Rental: For this analysis, we used 30 days of usage per year - the same amount that a single share allows. Unfortunately, rentals come with significant daily pricing and very expensive supercar insurance needs that are shouldered by the individual, making this a very poor option. Beyond a simple cost analysis, rental vehicles are often older, have higher mileage, and are in poor condition.