How it works · Asset-backed co-ownership
Each car is held in a single-purpose LLC with 10 shares. Your share is backed by a real, titled vehicle — not by a subscription, lease or rental contract. Verified members hold two shares or more (2-share minimum per person); RYDA is hired as the operations partner.
How it works
1
Choose
Browse a curated, certified pre owned fleet. Every car has a documented Pre-Purchase Inspection by the dealer before a single share is sold.
2
Co-own
Buy your share in a member-managed LLC. Up to 5 verified co-owners per car, with a 2-share minimum per person. RYDA runs operations end-to-end.
3
Drive
Book your time on the RYDA smart calendar. Each share unlocks ~32 days and ~3,200 miles a year. Planned exit at 24 months; transfer earlier after the 12-month minimum hold.
That's the short version. The technical detail (paperwork, exit math, booking rules) lives in the five-step lifecycle below.
Co-ownership
One Ferrari 296 share: $34K up front, ~$7,080/year all-in, ~32 days/year, roughly $221/day in steady-state ops. Compare with $2,400+/day to rent or $40–80K/yr to own outright.
01
Verify
Apply and complete identity verification. Valid US license, clean recent driving record, 28 or older. No accreditation required.
02
Choose
Browse the curated, certified pre owned fleet. Every car passes a multi-point Pre-Purchase Inspection by the dealer before a single share is sold.
03
Co-own
RYDA forms a LLC for up to 5 members to hold the vehicle. You sign the operating agreement and fund your share (2 shares minimum per person).
04
Drive
Book your time on the RYDA smart calendar. Each share unlocks ~32 days and ~3,200 miles a year (100 mi/day).
05
Exit
RYDA sells the car at year 2–3 OR 60,000–75,000 miles depending on certified pre owned program. Proceeds split pro-rata. Need out earlier? Transfer your share to another verified member after the 12-month minimum hold. 3% transfer fee on member-to-member transfers.
Compare · Three are usage rights. Only RYDA is asset-backed.
RYDA is structured co-ownership of a real car. Compared against the alternatives, buying outright, renting by the day or joining a club, the math comes out the way most buyers actually use the asset. Numbers below anchor on the Ferrari 296 GTB and a single share over the 2-year planned exit.
| RYDA | Solo ownership | Daily rental | Supercar club | |
|---|---|---|---|---|
| Up-front cost | $34,000 | $340,000 | — | $48,000 (annual) |
| Annual carrying / fees | $7,080 | $46,000 | — | Included |
| Year 1 spend (32 days driven) | $41,080 | $386,000 | $76,800 | $48,000 |
| Effective $/day, year 1 | $1,284 | $12,063 | $2,400 | $1,600 |
| Effective $/day, ops only (after Y1) | $221 | $1,438 | $2,400 | $1,600 |
| Total cash, 2-yr hold (64 days driven) | $48,160 | $432,000 | $153,600 | $96,000 |
| Recover at exit (90% resale) | + $30,600 | + $306,000 | — | — |
| Net cost over 2 years | $17,560 | $126,000 | $153,600 | $96,000 |
| Effective $/day after exit (over 64 days) | $274 | $1,969 | $2,400 | $1,600 |
Numbers shown for illustration on the Ferrari 296 GTB at $340K sticker, modeled around a single co-ownership share over a 2-year hold. Multi-share holders scale linearly: a 5-share holder pays ~$170K up front + ~$35K/yr in ops for ~160 days/yr. Solo-ownership carrying assumes industry averages for insurance, storage, maintenance, and depreciation reserve (range: $40–80K/yr depending on the car). Club figure represents a mid-tier US/UK supercar club annual membership; tiers run ~$30K–$80K/yr. Daily rental assumes Miami market rate. Resale assumes 10% depreciation over the hold for both solo ownership and RYDA, applied symmetrically.
Want the math on a specific car? Open any listing to run a calculator anchored to that vehicle, or download a printable cost-comparison sheet from the same page.
We'll be honest about the trade-offs. Different buyers want different things.
RYDA
Right for you if
You'd drive ~32–64 days a year on a specific car (2 shares is the minimum buy). You want real ownership without the operational burden and you'd rather scale entitlement by adding shares than buying a second car.
The trade-off
You commit to a specific car for the hold. Earlier exits are possible by transferring to another verified member after the 12-month minimum hold; transfer prices are member-to-member.
RYDA vs solo ownership
Right for you if
Solo ownership works if you'd drive 60+ days a year, you love the operational responsibility (storage, insurance, maintenance, registration) and you have the capital and tolerance for $40–80K/yr in carrying.
The trade-off
The asset sits idle 90% of the time. Carrying costs accrue whether you drive or not. Selling takes weeks to months.
RYDA vs daily rental
Right for you if
Daily rental works if you drive once or twice a year, you don't want any commitment and the per-day price is not your primary concern.
The trade-off
$2,400+/day adds up fast. No priority on the vehicle you want, no relationship with it, no ownership upside.
RYDA vs supercar club
Right for you if
A club works if you want rotating access to many cars, you don't care which specific car and you don't want to own anything.
The trade-off
Annual fees rival co-ownership without an ownership stake. You're a customer of the club, not a co-owner.
Why asset-backed co-ownership
01
A real asset, not a subscription
You're not buying a usage right or a monthly contract. Each share is a registered legal interest in an LLC that holds title to a specific physical vehicle. Substance, not subscription.
02
Financial security through tangible ownership
A car in storage is a real, titled asset. The LLC holds title to the physical vehicle and you own a registered share of the LLC. The asset is real, in a garage, with a VIN you can verify, independent of any platform.
03
Shared costs, not the full burden
Insurance, maintenance, tires, detailing, storage and depreciation reserve split across the LLC's 10 shares. Each share carries roughly 10% of what the solo owner of the same car would pay.
04
Built for travelers and multi-residence owners
Your car is operated by a professional team and ready when you need it. No worrying about cold-start trickle-chargers, lapsed registration or missed inspection windows while you're abroad.
05
No hidden costs, all-inclusive packages
One transparent annual contribution covers insurance, taxes, service, maintenance, tires, detailing, seasonal storage, fleet management and prep. Predictable. No surprise invoices.
06
Bigger share = more usage time
1 share ≈ 32 days + 3,200 mi/yr. 5 shares ≈ 160 days. 10 shares ≈ year-round access, effectively solo ownership with professional ops on top. Linear scaling, no premium for size.
07
Flexible buying & selling of shares
Member-to-member transfers after the 12-month minimum hold. RYDA handles the paperwork. The LLC's planned exit at year 2 (or 60K miles) gives every shareholder a clean liquidity event by default.
08
Depreciation risk shared, not solo
A new Ferrari 296 typically loses $50–60K over the first 18 months. Solo, you eat all of that. With 1 share at 10%, your exposure is $5–6K, and the share-resale at exit cushions even that.
09
Community over solitary ownership
Verified members, member events, off-market sourcing, drive-day meetups. The car is a passion asset; the network around it is what makes the asset useful when you're not driving.
Booking model
Same annual entitlement, two clear modes so you always know what you can grab and what you have to plan ahead. Calendar fairness is enforced by code, not by polite asks.
Booking model
Inspired by the best calendar systems in fractional ownership. Same annual entitlement, two clear modes so the math is never ambiguous.
Short-notice drives
1–7 days outFor opportunistic drives, Miami clears up Friday, you're in the car Saturday. No reservation cap; book as many short-notice slots as the calendar has open. A 3-day consecutive cap keeps short-notice fair across co-owners.
Planned drives
8–365 days outFor trips you're actually planning, Hamptons in August, Pebble Beach in October. Each share holds up to 4 active planned reservations at a time; once one resolves, you can queue another.
Peak protection
One protected peak window per share before any co-owner can book a second. Calendar-fairness baked in.
Examples in Miami: F1 Grand Prix · Art Basel · Holiday week · Spring Break.
Both modes draw from your share's annual entitlement of 32 driving days and 3,200 included miles. Multi-share holders scale linearly, two shares = 64 days, 6,400 miles, 8 active planned reservations.
Buyer protection & further advantages
Buyer protection
Tested vehicles
Certified pre owned + multi-point PPI before any share sells.
Verified members
28+, KYC, license & record check before joining.
Encrypted data
Member docs & payment info secured in transit and at rest.
Vehicle warranty
Manufacturer or independent certified pre owned warranty in force at handover.
Transparent costs
Pass-through ops invoiced at cost; service fee disclosed up front.
Flexible share sale
Member-to-member transfers after 12 months; LLC sale at year 2 / 60K mi.
Further advantages
Several locations
Miami first; LA + NYC online by 2027.
Resource conservation
Cars get driven instead of garaged 350 days a year.
Fair-use rules
Calendar caps consecutive peak-season days so no one corners the car.
Professional storage
Climate-controlled, 24/7 monitored, insured partner facilities.
Like-minded community
Verified members + member events + off-market access.
Online live booking
Reserve days from the app; live availability across the calendar.
How to read the price
The $221/day figure is steady-state operating cost: $7,080 of annual ops divided by 32 driving days. It's what every day behind the wheel costs you while you hold the share, ignoring the buy-in.
Year 1 includes the buy-in as real cash. $34K share + $7,080 ops = $41,080 spent (the table number above; a one-time $1,500 closing fee is added at signing). At 32 days driven that's ~$1,284 per driving day in Year 1, still below the cost of renting the same Ferrari for the same 32 days ($2,400/day × 32 = $76,800). And you exit with a transferable share, not a stack of receipts.
The bigger number is net cost over the full hold. RYDA's doctrine is a 2-year planned exit (or 60K-mile cap, whichever comes first): each curated certified pre owned car is held for ~2 years, then the LLC sells it and proceeds are distributed pro-rata. We model 10% depreciation over the hold, a conservative middle that absorbs both the drive-only and rental-opt-in usage profiles, given the 100 mi/day shareholder allowance.
Illustrative numbers below model a single share for clarity. Most members hold the 2-share minimum, so double every line: $68K buy-in, ~$14,160/yr carrying, ~$96,320 spent over 2 years, ~$61,200 resale, net ~$35,120 for ~128 driving days, ~$274 per actual driving day, the same effective rate at any share count.
For the F296 at one share over 2 years: $34K buy-in + $7,080 × 2 carrying = $48,160 spent. Resale at 90% of buy-in returns ~$30,600. Net cost ~$17,560 for 64 driving days = ~$274 per actual driving day. That's the apples-to-apples number to use against rental ($2,400/day × 64 = $153,600). You also exit with cash from the sale, not a stack of receipts.
Optional · Rental opt-in
Miami's exotic-rental fleets average 200–240 booked days a year on full-control calendars. RYDA's pool is the leftover days after members book first, so realistic occupancy on the pool runs lower (~50%). Shareholders can opt their unused entitlement into the rental pool, we handle the bookings, insurance, condition checks and damage reserve. Revenue splits 65/35 (you / RYDA), distributed pro-rata across the days each share contributes.
Worked example · Ferrari 296
Drive 12 days/yr. Rent the rest.
Owners reserve 12 days each (120 total). 200 days enter the pool. At 50% occupancy = ~100 booked days @ $2,400/day = $240,000/yr gross. After RYDA's 35% management fee, shareholders split ~$156,000. ~$15,600/share/yr, roughly 2.2× your $7,080/yr carrying cost.
What we cover
Honest tradeoffs
No. RYDA is a luxury access platform, not an investment platform. Each car is held in a member-managed LLC where you and your co-owners hold authority over material decisions; RYDA is hired as a service provider via a separate Management Services Agreement. Co-ownership stakes are not registered securities and are not offered for investment purposes.
After a 12-month minimum hold, yes, to another verified RYDA member. RYDA handles the LLC paperwork. Settlement takes 1–3 business days. RYDA charges a 3% transfer fee on the sale price.
Yes, opting into RYDA's rental pool is voluntary, share-by-share. We list the car on /rent, handle bookings, insurance, screening and condition checks. Rental revenue splits 65/35 (you / RYDA) and is distributed pro-rata across the days each share contributes. The pool is whatever days members don't reserve, so realistic pool occupancy is ~50% (full-control fleets clock 60–70%). On that basis, a single Ferrari 296 share can offset ~$15–18K/yr of carrying, typically 2–2.5× your annual ops cost, sometimes enough to bring your two-year net cost down close to zero or below. Same flat 10% depreciation assumption applies in both scenarios. Co-ownership shares are member-managed LLC interests, not securities; rental is a usage offset, not an investment yield.
The vehicle LLC has remedies in the Operating Agreement, including forced transfer of the delinquent share. RYDA also keeps a maintenance reserve at the LLC level so vehicle ops continue uninterrupted while it's resolved.
In RYDA-vetted partner storage facilities, climate-controlled, 24/7 monitored, insured. Miami first, with LA and NY following in 2027.
Each vehicle carries a fleet policy with $1M+ third-party liability and agreed-value physical damage. Co-owners are named insureds. Damage during sanctioned-track-event use is excluded by the standard policy.
Yes. Approved additional drivers (28+, clean license, RYDA-verified) can drive too. Passengers are unrestricted.
Underwriting reality. Insurance carriers price exotic-car policies aggressively for younger drivers. The 28+ minimum keeps premiums manageable and matches the underwriting norm for collector and exotic policies.
Three tiers. RYDA Core is free. RYDA Blue is $500/year. RYDA Black is $1,500/year, priority booking during peak season, included white-glove delivery, dedicated dedicated contact. First-100 lock in $350/$1,000 for life.