12thshare.com evening

[Captain Beaky]

Anyone else attending the 12thshare.com (fractional ownership scheme) event in Leeds this evening ?

[12x12]

Yes, we went and had a great time!

[Captain Beaky]

12x12 said:

Yes, we went and had a great time!

Well it certainly wouldn't have been the same without you !

[elster]

Can someone explain to me the concept? As i had a look on the website but doesn't explain that well.

Basically you buy 1/12 of a car, then what? You have it for a month? or so many days over the year? Do yu know other owners? Where is the car kept? Who pays maintenance?

[Captain Beaky]

12x12 (Steve) is really the man to answer that, he runs the company.

My simple-minded understanding is that the scheme is like time-share without the pushy salesmen and the bad publicity. You buy a fraction of a car (one twelfth typically), maintenance is taken care of for you and you choose when to use your driving days. You can buy/sell/exchange days with owners of other cars too. After a year the car is sold and proceeds divided between the owners.

Anyway, I'm sure Steve will be along to fill in any gaps.