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Time share on wheels; How'd you like to spend your vacation in a Ferrari?(News)(Exotic Car Share)(Brief Article)
Byline: JOHN D. STOLL
For $40,000, George Kiebala can put you in a 2003 Ferrari 360 Modena Spider. Make that you and four of your best friends, or you and four total strangers.
Kiebala runs a car club of sorts on Chicago's north side that has, until now, made its money lending out exotic cars-both new and vintage- to club members for three or more days at a time (don't say "rental'' around these guys-it's "usage''). Members choose from 13 well-maintained cars, among them a Mustang Mach 1, a '69 Corvette Stingray and a '67 Jaguar E-Type. Club members lay down an initial fee to join, and then pay a usage fee for each loan.
Now Kiebala is taking his three-year-old company, Exotic Car Share, to the place where vacation villas, private jets and expensive boats have gone: time shares. The company is offering one-fifth ownership in these 2003 models: Bentley Arnage T, Porsche GT2, Ferrari 360 Modena Spider, Lamborghini Murcielago (below) and Hummer H1. Initial buy-in for a ...
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Source: HighBeam Research, Time share on wheels; How'd you like to spend your vacation in a...