How it works
How CarShares works
From sourcing a damaged car to distributing the final sale — five clear steps, transparent at every stage.
The process
How CarShares works
From sourcing a damaged car to distributing the final sale — five clear steps, transparent at every stage.
- 01
We source the car
We find a damaged vehicle in US salvage auctions and list a complete project with all costs — vehicle price, shipping, customs, repairs and registration — which together set the funding target.
- 02
Investors fund the round
Anyone with a wallet balance can pledge any amount up to the remaining slice. Funds are reserved (not spent) until the round fills. Ownership % = your investment ÷ target.
- 03
Round closes — car goes active
Once 100% funded, the round closes and your reserved funds are committed. The car is repaired and rented to a taxi driver. If the round misses its deadline, all pledges are refunded to wallets.
- 04
Monthly rental payouts
Each month we log the rent received. The platform takes a per-project fee (set when each car is listed); the rest is distributed pro-rata to investors' wallets — withdrawable any time.
- 05
Sale and final distribution
When we sell the vehicle, we log the sale price. The platform takes its per-project sale fee; the rest is distributed pro-rata. The project moves to Completed but stays live forever as part of our track record.
Worked example
Worked example
A Toyota Prius project has a $15,000 funding target, $400 expected monthly rent, and a 36-month projected hold with a $7,500 expected sale value. Suppose this car's rent and sale platform fees are both set to 5% (each project sets its own — check the project page). If you invest $1,500 you own 10%. Each month you receive 10% of (rent − rent fee) ≈ $38. After 36 months and the sale, you receive 10% of (sale − sale fee) ≈ $712.50. Total received: ~$2,080.50 on $1,500 invested ≈ 38.7% projected ROI.