How it works · Asset-backed co-ownership

Own a piece of the world's best cars.

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.

Co-ownership

Asset-backed co-ownership in five steps.

One Ferrari 296 share: $34K up front, ~$7,080/year all-in, ~32 days/year, roughly $221/day in steady-state ops. Compare with $1,500–3,000/day to rent at the Miami market floor (BluStreet, LUXX, AGEMBRAND), or $40–80K/yr to own outright.

Verify

Apply and complete identity verification. Valid US license, clean recent driving record, 28 or older. No accreditation required.

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.

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).

Drive

Book your time on the RYDA smart calendar. Each share unlocks ~32 days and ~3,200 miles a year (100 mi/day).

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.

Exit doctrine

How you get out, in detail.

Two paths — a planned exit at year 2 that everyone in the LLC reaches by default, and an earlier member-to-member transfer once the 12-month minimum hold has cleared. Neither path uses a marketplace, an order book, or a public price ticker.

Default · Planned exitYear 2 or 60K mi

Every LLC reaches its planned exit when the car hits the 2-year mark or 60K miles, whichever comes first. Members vote 75% supermajority to confirm; the LLC sells to the highest qualified bid and distributes proceeds pro-rata.

Trigger

The LLC's operating agreement names a planned exit at the 2-yr mark or 60K-mile cap. RYDA notifies members 90 days before either trigger fires.

Qualification

RYDA collects three independent bids (auction houses, dealer-direct, broker-network) AND certifies any unsolicited offer with proof of funds, written terms, escrow, and a comparable-sale memo before it reaches members. No vote on un-qualified offers.

Member vote

75% supermajority of membership interests confirms the sale (per the Operating Agreement). 14-day vote window. A 5%+ competing offer arriving mid-window pauses the vote and resets it around the higher bid. Member-Council reviews any minority objection.

Sale + escrow

RYDA's title-and-escrow partner closes the sale. The car ships to the buyer; cleared funds land in the LLC's bank within 5–10 business days of title transfer.

Distribution

Proceeds (less ~10% modeled depreciation and a closing fee) distribute pro-rata to each member's RYDA wallet within 14 days. K-1 issued at year-end.

Alternate · Early transferAfter 12-mo hold

Need out before the planned exit? Once your 12-month minimum hold clears, transfer your share directly to another verified RYDA member. RYDA handles the LLC paperwork. No marketplace, no order book, no auction.

Hold clears

Your minimum 12-month hold from the date you joined the LLC. Capital must be in the LLC long enough that the IRS doesn't reclassify the structure.

Signal intent

From your dashboard, mark your share for transfer. RYDA shares it with the matched waitlist of verified prospects (ages 28+, KYC complete, driver-record cleared).

Direct negotiation

You and the buyer agree on a price between yourselves. Transfer prices are private; RYDA does not publish a price ticker or run an auction. RYDA can share comps from prior LLCs on request.

LLC paperwork

RYDA drafts the membership-interest assignment, updates the LLC's member register, and amends the Operating Agreement signature page. Existing co-owners ratify per the OA's 75% supermajority.

Settlement

Funds settle through escrow within 1–3 business days. RYDA charges a 3% transfer fee on completed transfers. Buyer steps into your share's annual entitlement immediately.

Members vote

Every disposition (planned or otherwise) goes through a 75% supermajority of membership interests, written into the Operating Agreement.

No public market

RYDA does not run an exchange, alternative trading system, or order book. Co-ownership stakes are not registered securities.

K-1, not 1099-B

The LLC issues a K-1, not a 1099-B. Speak with your tax advisor; treatment depends on your overall return from the asset.

Compare · Three are usage rights. Only RYDA is asset-backed.

Four ways to think about a Ferrari.

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 (BluStreet, LUXX, AGEMBRAND list Ferrari rentals at $1,200–4,000/day; the table uses the $1,500–3,000 mid-band most members will actually pay). Resale assumes 10% depreciation over the hold for both solo ownership and RYDA, applied symmetrically.

The actual Miami market.RYDA isn't the only option in this wallet. Daily-rental operators at the Miami floor include BluStreet, LUXX, AGEMBRAND, MVP, DRMLXRY, Elite Exotics and Amani. Membership clubs include mph club and Ark Exotics. Each is the right answer for a different use pattern — daily rental for one-off events, clubs for buyers who want rotating variety, RYDA for buyers who want the relationship with one specific car.

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.

When each option actually makes sense.

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

$1,500–3,000/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

Nine reasons it makes more sense than the alternatives.

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.

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.

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.

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.

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.

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.

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 member a clean exit event by default.

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.

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

Two ways to book, short-notice and planned.

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

Two ways to book, short-notice and planned.

Inspired by the best calendar systems in fractional ownership. Same annual entitlement, two clear modes so the math is never ambiguous.

Fairness invariantNo member can hold more than 30% of the next 90 days on any one vehicle.

Short-notice drives

1–7 days out

It's sunny this weekend.

For 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.

Window: 1–7 days advance
Active limit: Unlimited while calendar is open
Max length: 3 consecutive days

Planned drives

8–365 days out

The August trip you're thinking about in March.

For 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.

Window: 8–365 days advance
Active limit: 4 per share concurrently
Max length: 7 days peak / 14 days off-peak

Peak protection · Miami calendar

One protected peak per share, then rotate

Every share gets one protected peak window before any co-owner books a second. After everyone's used their first, the calendar opens for second picks in claim order. Calendar-fairness enforced by code, not by polite asks.

Miami Boat Show weekend
mid-Feb (Pres. Day)
Five-day yacht event; A1A traffic pattern doubles as a parade route.
F1 Miami Grand Prix
early May
Hard Rock paddock + Brickell takeover. Highest-bid weekend on the calendar.
Art Basel Miami Beach
first week of Dec
International collector arrivals; #1 Miami social calendar event.
Holiday week + NYE
Dec 26 – Jan 1
Snowbird arrivals + South Beach NYE. Locked early.

Dates are approximate — the calendar opens 12 months out with firm dates. Track-day weekends, charity drives, and member off-sites are not counted as peaks.

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.

The honest answer about peak periods

What happens on F1 weekend, Art Basel, or Spring Break?

Each LLC publishes a list of 10-12 designated peak events at the start of every year (F1 Miami, Art Basel, NYE weekend, Memorial Day, etc.). Members rotate first-pick across them in a published draft order, so no one member corners the calendar two years running.

Outside those peaks, the standard booking tiers apply. If you're bumped from a peak window you previously held due to a transfer or vote-based reassignment, RYDA credits you two off-peak weekend daysat no cost — the kind of make-good that proves the policy isn't a polite fiction.

If your only reason for joining is to drive on F1 weekend, RYDA isn't the right product. Read this section twice.

Concierge handoff

From booking to keys-in-hand.

Every reservation runs through a five-step concierge handoff. No “just show up at the garage.” We bring the car to you, in the condition you'd want it in if it were the only one you owned.

Pre-arrival prep

48 hours before pickup, RYDA inspects, refuels (or charges to 100%), full detail, and confirms tire pressures + fluid levels. A pre-drive checklist is logged with timestamps.

White-glove delivery

Door-to-door delivery within Miami-Dade. Hotel, residence, marina — wherever. Or pick up at the Wynwood garage. Either way, a 15-minute walkthrough on first booking, abbreviated thereafter.

Drive

The car is yours for the reservation window. Member app shows live booking status, fuel range, geofence rules, and a one-tap line to the on-call ops team if anything goes sideways.

Post-drive walkthrough

Return condition is documented head-to-toe (paint, wheels, interior, fluids, mileage). If anything needs more than a routine detail, you and the next member are both notified. No surprises.

Reset for the next member

Full detail, fuel-up, paint-correction touch-up if needed, telematics log archived. The car returns to the climate-controlled bay within 24 hours, ready for the next reservation.

Operational partners

Who is on the other end of every wire.

Named partners and partner-classes RYDA operates with. Insurance is bound by an A-rated US carrier with the LLC named as primary insured. Identity verification, escrow, storage, signatures, and counsel are listed below. Where a relationship is being finalized, we say so explicitly rather than hide it.

Insurance

Hagerty / CHUBB / Travelers (A-rated)

LLC named as primary insured. Each approved member listed as named insured. RYDA is broker of record, not policyholder.

Identity verification

Stripe Identity

Document-and-selfie liveness check, biometric match, government-ID parse. Encrypted at rest in our key-managed columns.

E-signature

Dropbox Sign

Operating Agreement, Management Services Agreement, and Co-Owner Agreement all signed via auditable workflow with countersignature.

Storage

Wynwood climate-controlled facility

24/7 monitored. Tier-1 insurance partner. Same operational standard as the marque-storage tier of Curated and Marathon.

Title + escrow

Pending

Partner pending (Wells Fargo / Cross River in evaluation)

Wires hold in third-party escrow until KYC + OA execution complete. Funds release only on documented LLC formation. Selection finalizes ahead of cohort 1 launch.

Securities counsel

Pending

Partner pending (final selection mid-2026)

RYDA's posture (single-purpose member-managed LLC, ≤5 members per LLC, no public secondary market, K-1 not 1099-B, no return promised) is being formalized with standing counsel before cohort 1.

Verifiable detail (broker letters, escrow agreements, counsel opinion, facility address, insurance policy specimens) is available in the founding-member diligence pack provided after a discovery call. Email hello@ryda.pro or talk to a founder.

Buyer protection & further advantages

Twelve guardrails on the way in and the way out.

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.

Optional · Rental opt-in

Don't want to drive every day you're entitled to? Rent it out.

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%). Members 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 @ $1,800/day (Miami market mid-point) = $180,000/yr gross. After RYDA's 35% management fee, members split ~$117,000. ~$11,700/share/yr, roughly 1.65× your $7,080/yr carrying cost.

What we cover

· Listing on /rent + booking management
· Renter screening (28+, clean record, RYDA verified)
· Pre/post inspection, photos, fueling, detailing
· Insurance riders + agreed-value damage policy
· Damage reserve held at LLC level

Honest tradeoffs

· Same 10% depreciation assumption applies, our flat-rate model already absorbs the heavier rental-pool wear.
· Rental days are pooled across all shares, no individual day-of priority guaranteed.
· Members keep first-call on owner-priority weeks. Renters fill the gaps.
· Track-day cars come out of the pool when you take them on track.

Toggle rental income on a specific car →

Questions?

Frequently asked questions.

Co-ownership structure, transfers, insurance, taxes, maintenance reserves, member benefits — answered in full on the dedicated FAQ page.

Open the FAQ →