@dredurr thanks for checking it out! The cars in the app right now are in the Initial Offering phase, so the shares are being sold for the first time - the “goal” price represents the total value of the vehicle. The vehicles are securely stored in our purpose-built, climate-controlled east coast facility. They are monitored by trained professionals + full time concierges and are kept under 24/7 video surveillance (which will be surfaced into the app). Once fully funded, if you bought shares you now own equity in that specific car. If its value rises, so should the value of your shares. If it earns more money than it costs to operate through events & the experiential components of the platform, you can get paid dividends. If an offer comes in to purchase the vehicle at a significant premium, its our fiduciary responsibility to make our investors money, so everyone gets paid out. However, we have Trading Windows attached to the platform once a month that will allow you to place your shares up for sale to other new & existing investors, so you don’t necessarily have to wait for an exit to sell. As for submitting vehicles, we have an expert team of in-house acquisition specialists and advisors that source vehicles based on a pretty specific checklist, so we try to stay away from the Phantom situation you outlined. There are well known collectors and brokers who will approach us with great assets however, and if we can get the best possible deal for investors, then we do consider those vehicles. Feel free to Ask away!- this is a new concept so we invite ANY questions about the business and the platform. 🙌🙌

@robpetrozzo 🙌🙌🙌

@robpetrozzo I signed up about a month ago and manage to fund one credit but now I can't login to my account.

@paul_banks apologies on that, we are handling some server updates that were affecting logins for a subset of accounts. We will be back up shortly. Drop me a note (rob@RallyRd.com) if the issue doesn’t resolve itself within the next couple of hours as we roll out the backend update.

@nivo0o0 @robpetrozzo Brilliant product! I will use it for sure. :) Be sure to check out our tool , it will be very interesting to you. https://www.producthunt.com/upco...

@bbzeven Hi Zev! All good questions- 1) We aren’t a fund, so we try to steer clear of forward statements, but I can say that this particular asset class has shown outsized returns over the last decade, especially in comparison to other tangible assets (including real estate). The professional indexes that track classic cars of this caliber (Knight Frank, Hagerty, etc) publish 400%+ returns over the last decade. All assets move at their own pace though. An ’82 Lamborghini Countach was a $150,000 car before Wolf of Wall Street. 4 months after the movie came out it was $375k, and everyone wanted a white one, so it varies. 2) In downturns, everything tends to get affected, but classic cars actually made one of the least dramatic moves during the 08/09 financial crisis. What we saw during that period was that classic cars and assets with nostalgic or emotional connections to their owners tended to be the last thing to get liquidated. It’s really treated like art and we intend to handle the assets the same way. 3) We think that retail level buy-in helps with liquidity. We are seeing a lot of share purchases in the single digits, as we intended to with this platform, which we think will be very beneficial to the secondary market. We also put our company shares in the hands of broker-dealers to ensure that if liquidity is needed in a worst case scenario, it can provided. The Trading Windows are starting as once monthly, as opposed to continuous, and we are giving ourselves 3 months between close of the Initial Offering and that Trading Window to give the asset some time to mature and give ourselves some time to build the member base and build investor interest around the asset. Hopefully that answers the questions, apologies on the essay!

@mnlfrgr Thanks Manuel! Likewise, great to see all the awesome new products coming out of the Maître suite!

@taramann as a group of 30-something’s who watched this space become completely unaffordable, we concur!

@ridestory same thoughts on the market from our end- that’s exactly where the idea came from 🙌 The web-app should be out early 2018 with Android to follow.

@whoismaxpelzner really appreciate it Max! We’re excited to show you what we have lined up for 2018!

@shimmb U.S. only for investing for the time being, the community aspects of the app are being open to all. 🇬🇧🇩🇪🇨🇦 coming soon.

@mqsley current site is purely for awareness and to link out to the app. 100% coming well before the dashboard launches 👍👍

@adamtreister the cars are stored in our secure Delaware-based warehouse built specifically for the vehicles, with a professional concierge on-site. Theres a camera feed 24/7 which will be surfaced into the app, and starting in 2018 we'll be moving the vehicles into showrooms in key markets (the first of which we previewed in SoHo NYC Pop-Up last month, which we will be doing more of in the near future). The intention is to always give investors access in some capacity. In terms of returns, it varies from vehicles to vehicle, but the sector as a whole has outpaced the S&P, residential real estate, and most other collectibles since 2008. Our current Initial Offering, a 1985 Ferrari Testarossa, is up around 165% since 2013, 60% in the last 2.5 years, and based on recent auction results appears to look strong going into 2018.

@marcaime Thanks! We're adding alerts for new markets in the very near future. We'll definitely be spreading the word once we get closer to our international launch