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Fractional
coach
ownership
"makes
luxury
coach
ownership
practical,
cost
effective
and
simple"
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San
Diego,
CA,
April
27,
2007
--If
you
have
ever
dreamed
of
exploring
the
country
in
a
luxury
RV,
but
know
you
wouldn't
use
it
enough
to
make
the
financial
commitment,
you'll
think
shared
ownership
makes
sense.
This
is
the
same
conclusion
Jim
Palmer
came
to
before
launching
CoachShare,
Inc.
"My
wife
and
I
wanted
to
take
a
few
trips
a
year
in
a
high-end
coach,
but
that
didn't
justify
the
cost
or
hassle
associated
with
purchasing
our
own,"
Palmer
says.
That
is
when
CoachShare,
Inc.
was
born.
CoachShare
has
launched
an
innovative
new
fractional
ownership
program
that
allows
participants
to
enjoy
the
benefits
of
luxury
motor
coach
ownership
without
the
hassles
and
high
prices
normally
associated
with
luxury
coach
travel.
Luxury
motor
coaches,
the
largest
and
most
lavish
form
of
recreational
vehicle
(RV),
can
have
sticker
prices
ranging
from
$100,000
to
more
than
$500,000;
CoachShare's
fractional
ownership
program
divides
the
purchase
and
operating
expenses
between
multiple
owners,
bringing
luxury
RV
vacationing
within
the
budgets
of
many
American
families.
Tai
Quan,
a
CoachShare
owner
in
San
Jose,
CA,
says,
"This
was
the
right
decision
for
us.
It
is
a
great
way
for
us
to
find
out
whether
RVing
is
right
for
us
long
term
without
spending
$250K
to
run
the
experiment."
"Before
this
program,
luxury
RV
ownership
posed
a
serious
financial
drain
as
well
as
a
management
hassle
for
busy
families,"
explained
CoachShare
CEO
Jim
Palmer.
"When
you
only
use
this
type
of
vehicle
for
a
few
weeks
each
year,
the
high
purchase
price
and
expenses
for
storage,
maintenance
and
depreciation
are
difficult
to
justify.
In
addition,
the
cleaning,
storage,
and
constant
maintenance
can
be
a
logistics
nightmare.
Through
this
shared
ownership
program,
the
costs
are
divided
among
a
small
group
of
Share
owners
and
the
coach
is
professionally
managed
by
the
CoachShare
staff.
The
program
allows
owners
to
enjoy
the
ownership
of
their
luxury
RV
for
as
much
as
85%
less
than
the
cost
of
private
ownership."
Fractional
ownership
has
been
around
for
more
than
20
years
in
the
private
jet,
vacation
home,
and
yachting
industries.
In
recent
years,
major
players
like
Marriott,
Ritz
Carlton,
and
Four
Seasons
have
moved
into
the
fractional
vacation
home
market
seeing
the
benefits
for
consumers
when
compared
to
timeshares
or
rentals.
"Fractional
ownership
offers
a
much
more
exclusive
experience
with
higher
levels
of
service
and
more
upscale
amenities
than
timeshares
or
rentals
can
typically
provide,"
Palmer
explains.
Each
CoachShare
RV
has
a
small
group
of
owners,
typically
six
to
twelve.
Owners
agree
to
a
three-year
term
of
ownership
during
which
time
CoachShare
manages
all
the
ownership
details,
including
coach
delivery
and
pickup,
storage,
insurance,
maintenance,
cleaning
and
DMV
fees.
When
the
term
expires,
the
RV
is
sold
and
the
proceeds
are
divided
between
the
owners
who
have
the
option
to
invest
in
a
new
luxury
RV
with
CoachShare.
"You
have
the
benefit
of
owning
a
beautiful,
fully
equipped
coach
without
the
worries
of
a
full
time
owner,"
says
Donald
Skinner,
CoachShare
owner
from
Los
Angeles,
CA.
Coaches
are
delivered
with
all
the
high-end
amenities
needed
for
a
complete
vacation:
cookware,
dinnerware,
appliances,
patio
furniture,
satellite
radio
and
TV,
home
theater
system
--
even
monogrammed
bed
linens
and
towels.
Members
only
need
to
pack
their
clothing,
since
everything
else
they
might
need
is
in
the
coach
at
delivery.
CoachShare
even
provides
a
comprehensive
two-day
driver
training
course
so
owners
feel
comfortable
and
confident
behind
the
wheel.
"There
is
no
other
option
on
the
market
today
that
provides
the
value
and
convenience
that
define
the
CoachShare
program,"
Palmer
concluded.
CoachShare
website
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What
do
you
think?
-
"makes
luxury
coach
ownership
practical,
cost
effective
and
simple"
Give
your
comments
below |
|
Readers'
comments:
Latest
first
Croxey44
:
This is the solution to my problems if I can sell my current RV and buy into this scheme. RVs are easy to buy and hard to sell and that's why this is better.
Ruth 43
:
The whole point of having an rv for us is to have our own place to escape to whenever we want. Freedom is the main thing, go when you want.
Casey R
:
I use my coach about 4 or 5 times each year and it costs me a lot of money. Apart from all the usual costs there's also the depreciation. This costs more than $1000 every week. You bet fractional is a good idea, I'm going to look into it some more.
Pete M
:
This is a really great idea and I think I could have saved many thousands of dollars if I'd done this before buying an RV. Storage is an increasing problem and I really feel bad paying the registration and insurance every year for something I only use a few weeks every year.
Cachie47
:
I can see the advantages and disadvantages. I guess the big advantage is it saves a lot of money. But owning is a lot about feeling it belongs to you. I like the idea that its my bed and nobody else sleeps in it. Otherwise its like a hotel. I must admit that like Ross my coach sits unused for a big part of the year.
Ross P
:
My coach sits unused for at least 10 months of the year. I could live with this idea and I think it might save a lot of money.
Ken Short
:
I like the idea. One of the big problems we have is we don't really use our coach enough to justify the costs. Storage is also another big problem, it's expensive and I sometimes worry that it might not be secure. In any case its just an asset that sits depreciating. The big thing against fractional ownership however for me is that mainly we don't plan our trips. We usually decide at short notice that we're going to go away for a few days. It's good to have that flexbility and not to be stuck with a firm return date.
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