By Alex Bradford
MBA candidate, Harvard Business School

If you’re thinking about joining a fractional exotic car club, here are some due diligence questions you should ask prospective clubs:

• Is insurance included in the usage fees? (Some clubs don’t provide insurance)
• What is the club’s rental guarantee policy?
• What is the average price per day?
• What is the reservation rate?
• What is the member to car ratio?
• How many members are in the club?
• What is the club’s total member goal?
• Are there any additional fees?
• Can I let my friends, family, and/or colleagues use my membership?
• Is car delivery provided?
• Can I store my car at the club?
• What kind of concierge or additional services, if any, does the club provide members?
• What is the nature of the club culture? (Clubs have different club cultures)
• Does the club have plans to raise prices and policies in the future?
• How safe is my membership fee and annual due?