How is a transfer price determined?
Two members negotiate directly. RYDA shares each LLC's current insurance agreed value and a condition/comparable-cost summary as context, but co-owners agree on the actual transfer price between themselves.
There is no marketplace, no order book, and no auction. Transfers happen by direct negotiation between two verified RYDA members.
What RYDA provides as context
- A quarterly vehicle condition report and comparable-cost summary (auction comparables on Bring a Trailer, RM Sotheby's, Mecum; current retail offers).
- A simple reference number for the share: (current comparable-cost estimate + accrued LLC reserves) ÷ share count.
- A summary of any prior transfers on the same vehicle for transparency.
These are reference numbers only, not exit prices, not published bids, not guaranteed transfer values. Co-owners negotiating a transfer can use them as a starting point or ignore them. There is no automatic matching engine, the transfer happens at whatever price the two members agree to.
Cars depreciate. Reference numbers typically decline over time. Don't claim a share expecting it to hold or grow in value, claim it for the use you'll get from the car.
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