Photo: Riley from Christchurch, New Zealand, CC BY 2.0, via Wikimedia Commons
Example listing: shows what a share in a car like this typically costs.
About this car
The original hot hatch, with golf-ball gear knob and tartan seats. Recent cambelt and suspension.
The dealer is selling all 4 shares, with the co-ownership agreement and the first service included. Buyers choose a lead owner between them.
Each share carries 30 booking points a year, which is about 7 long weekends in the season. Local favourite drives: the Sky Road and the Connemara coast.
Key points
- 1.8-litre fuel injected four
- 5-speed manual
- Recent brakes
- Rust-proofed underneath
The share
| Shares in the car | 4 |
|---|---|
| Shares for sale | 4 |
| Price per share | €7,000 |
| Seller keeps a share | No, buyers choose a 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 | €600 a year |
|---|---|
| Motor tax | €56 a year |
| Annual service | €700 a year |
| Tyres, brakes, battery | €450 a year |
| Dry, secure storage | €900 a year |
| Breakdown cover | €150 a year |
| Repair reserve | €700 a year |
| Per share, per month | €74 |
Fuel, tolls and anything you damage are paid by whoever has the car. How we estimate costs.
Specification
| Year | 1982 |
|---|---|
| Body | Small car |
| Engine | 1.8-litre fuel injected four |
| Gearbox | 5-speed manual |
| Steering | Right-hand drive |
| Odometer | 95,289 miles |
| Colour | Silver |
| Location | Clifden, Co. Galway |
Tax, test and cover
| Motor tax | Vintage motor tax, €56 a year |
|---|---|
| NCT | Exempt from NCT (over 40 years old, private use) |
| Insurance | Classic policy with every co-owner named. Drivers 25 or over. |
| Storage | Garaged in Clifden, five minutes from the main road. |
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.