CoachShare Offers Shared Ownership Program for Luxury RVs
"Before this program, luxury RV ownership posed a serious financial drain as well as a management hassle for busy families," explained CoachShare CEO Jim Palmer. "When you only use this type of vehicle for a few weeks each year, the high purchase price and expenses for storage, maintenance and depreciation are difficult to justify. In addition, the cleaning, storage, and constant maintenance can be a logistics nightmare. Through this shared ownership program, the costs are divided among a small group of Share owners and the coach is professionally managed by the CoachShare staff. The program allows owners to enjoy the ownership of their luxury RV for as much as 85% less than the cost of private ownership."
Fractional ownership has been around for more than 20 years in the private jet, vacation home, and yachting industries. In recent years, major players like Marriott, Ritz Carlton, and Four Seasons have moved into the fractional vacation home market seeing the benefits for consumers when compared to timeshares or rentals. "Fractional ownership offers a much more exclusive experience with higher levels of service and more upscale amenities than timeshares or rentals can typically provide," Palmer explains.
Each CoachShare RV has a small group of owners, typically six to twelve. Owners agree to a three-year term of ownership during which time CoachShare manages all the ownership details, including coach delivery and pickup, storage, insurance, maintenance, cleaning and DMV fees. When the term expires, the RV is sold and the proceeds are divided between the owners who have the option to invest in a new luxury RV with CoachShare. "You have the benefit of owning a beautiful, fully equipped coach without the worries of a full time owner," says Donald Skinner, CoachShare owner from Los Angeles, CA.
Coaches are delivered with all the high-end amenities needed for a complete vacation: cookware, dinnerware, appliances, patio furniture, satellite radio and TV, home theater system -- even monogrammed bed linens and towels. Members only need to pack their clothing, since everything else they might need is in the coach at delivery. CoachShare even provides a comprehensive two-day driver training course so owners feel comfortable and confident behind the wheel.
"There is no other option on the market today that provides the value and convenience that define the CoachShare program," Palmer concluded.