Photo: Calreyn88, CC BY-SA 4.0, via Wikimedia Commons
Example listing: shows what a share in a car like this typically costs.
About this car
A proper Mk1 on its original Kent engine. Shell restored in 2017 with new floors and sills, and it has only done club runs since.
The owner is keeping a share and staying on as lead owner, so the car stays where it is and is looked after by the same person. 2 of the 4 shares are for sale.
Each share carries 30 booking points a year, which is about 7 long weekends in the season. Local favourite drives: the coast road to Howth or a run up to the Sally Gap.
Key points
- 1.3-litre Kent four
- 4-speed manual
- Full history file
- New tyres this year
The share
| Shares in the car | 4 |
|---|---|
| Shares for sale | 2 |
| Price per share | €8,000 |
| Seller keeps a share | Yes, and stays as lead owner |
| Points per share each year | 30 (about 7 long weekends in the season) |
| Mileage allowance per share | 1,000 km a year |
| Booking rules | Mile Club standard rules |
Running costs
Our estimate for a car of this value. The seller can confirm their real figures when you get in touch.
| Insurance | €1,000 a year |
|---|---|
| Motor tax | €56 a year |
| Annual service | €1,400 a year |
| Tyres, brakes, battery | €750 a year |
| Dry, secure storage | €1,200 a year |
| Breakdown cover | €150 a year |
| Repair reserve | €800 a year |
| Per share, per month | €112 |
Fuel, tolls and anything you damage are paid by whoever has the car. How we estimate costs.
Specification
| Year | 1971 |
|---|---|
| Body | Saloon |
| Engine | 1.3-litre Kent four |
| Gearbox | 4-speed manual |
| Steering | Right-hand drive |
| Odometer | 120,506 miles |
| Colour | White |
| Location | Lucan, Co. Dublin |
Tax, test and cover
| Motor tax | Vintage motor tax, €56 a year |
|---|---|
| NCT | Exempt from NCT (over 40 years old, private use) |
| Insurance | Agreed-value classic policy with every co-owner named. Drivers 25 or over with a full licence for three years. |
| Storage | Dry garage at the owner's home in Lucan. |
Buying a share
- Contact the seller and arrange to see the car.
- Meet the other co-owners. Get a specialist inspection if you want one.
- Sign the co-ownership agreement and pay the seller directly.
- Get added to the insurance and the shared calendar.