For investors
Three ways to run one garage.
€238k buys four cars and a club of 20. €125k buys three. Or eight friends buy two and split what they cost. Same city, same rates, three sizes of cheque.
01The three
The whole model, in one table.
Table scrolls sideways.
| Two carsFriends, at cost | Three carsFor profit | Four carsFor profit | |
|---|---|---|---|
| Cars, at asking price | Tesla Model Y €29,900BMW Z4 €39,900 | Tesla Model Y €29,900BMW Z4 €39,900BMW i4 €41,900 | Porsche 911 €106,950BMW Z4 €39,900BMW i4 €41,900Tesla Model 3 €23,400 |
| Capital incars plus working capital | €73,800 | €125,389 | €238,150 |
| Costs per month | €1,706 | €3,284 | €4,909 |
| Who drives | 8 friends, nobody else | 15 members, capped | 20 members, capped |
| Break-even | €213 each a month | 8 of 15 seats sold | 9 of 20 seats sold |
| Net per yearat 80% of seats | None, by design | €15,912 | €34,068 |
| Return on capital | — | 13%, or 21% full | 14%, or 22% full |
| Cars resell forroughly, after 24 months | €57,300 | €90,200 | €182,650 |
Where the monthly cost goes
Table scrolls sideways.
| Two cars | Three cars | Four cars | |
|---|---|---|---|
| Garage | €4002 spaces | €6003 spaces | €8004 spaces |
| Road tax | €115 | €160 | €250 |
| Insurance | €230private policies | €763commercial rental policy | €1,450commercial rental policy |
| Maintenance, tyres, cleaning | €390 | €565 | €880 |
| Depreciation | €521€12,500 over 24 months | €896€21,500 over 24 months | €1,229€29,500 over 24 months |
| Software and admin | €50a calendar and a payment link | €300software, payments, marketing | €300software, payments, marketing |
| Total | €1,706 | €3,284 | €4,909 |
| Of which actually leaves the accountthe rest is depreciation, paid once, when the cars sell | €1,185 | €2,388 | €3,680 |
Insurance is most of the gap between the cases and the reason the two-car one is cheap: a club that never takes an outside booking does not need a commercial policy. Garage, road tax and running costs are per car, and each car carries its own rate. Cleaning is a rule rather than a service — drivers return cars clean, the club pays for unlimited washes and a deep clean each quarter, because valeting between every drive costs more than the garage does.
Not in any of these numbers: energy and street parking. Sixt Share and the minute-based apps bundle fuel, charging and parking inside their own zone into the rate. This does not. The club pays for the car, the insurance and the garage it sleeps in; the driver pays for the electricity or petrol they burn and for any space they park in while they have it. A 200 km driving day is roughly €13 of charging in the EVs or €40 of petrol in the 911, and Amsterdam street parking runs €3.00 to €7.50 an hour by zone.
So the member price is not all-in the way a car-sharing app is. That is the honest comparison, and it is the one open question this table cannot answer for you.
- Two cars. Nobody outside the group drives, so there is no commercial policy and no margin. That is what makes it cheap and it is the condition the insurer will hold the group to.
- Three cars. The same business without the expensive car: half the cheque, near enough the same return per euro. Nothing in the fleet makes anyone want to join, and no car is worth a €600 tier, so every member pays €300.
- Four cars. The 911 is half the capital and the reason anyone joins. It carries the €600 tier and the €395 rental day, so it breaks even on a smaller share of its seats than the cheaper fleet does.
- Net is after depreciation and before income tax and founder time. All figures ex-VAT. Membership is €300 a month, or €600 where there is a car worth it, plus two day rentals a car a month.
The two-car case, collected properly
€100 a month plus €29 a day driven covers the same €1,706, and stops the person who drove twice paying for the person who drove eight times. A normal month is €216. The same 4 days from a rental company is about €660.
02The downside
If it fails, the cars sell.
Every car here is a common model that moves in weeks, so the loss is the depreciation, not the fleet. And nothing is bought until 15 deposits of €49 are in, one car at a time after that, cheapest first.
€12,500
Two cars. The 24-month loss on €70k of cars.
€21,500
Three cars. The 24-month loss on €112k of cars.
€29,500
Four cars. The 24-month loss on €212k of cars.
What is not settled.
- VAT. The Model Y listing says BTW verrekenbaar, worth €5,189 back to a business and nothing to a group of friends. The other four cars have not been checked; if they are all BTW-auto’s the four-car case gets €36,819 back. Not tax advice, and an accountant is asked before anything is signed.
- Insurance. One quote, for the four-car fleet, carried as a rate on fleet value for the smaller ones. The two-car case also assumes an insurer accepts a named group sharing at cost. Both need confirming in writing first.
- Whether energy is bundled. Today the driver pays for charging, petrol and street parking, and a car-sharing app does not make them. Folding, say, an energy allowance into the membership would make the price comparable and put a variable cost on the club that none of these tables carry. Not decided.
- Day rates. The founder’s estimates, and the least researched numbers here. Purchase prices and depreciation are checked against live Dutch listings.
- Terms. The instrument, the split and the investor rights are unwritten. Ask and you get them in writing as soon as they exist.
The full model, with every assumption, on request.