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In return for an annual membership fee 100 takes care of the substantial financial costs usually associated with direct ownership. Such costs include depreciation, insurance, storage, service costs and general maintenance.
100 members choose from five levels of Membership: |
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|————— 100PP —————| |
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LEVEL
|
JOINING
FEE
(One off) |
ANNUAL
FEE |
ALLOCATED
POINTS |
ALLOCATED
MILEAGE |
INITIAL
DEPOSIT |
MONTHLY
PAYMENTS |
ADMIN
FEE (INC) |
ACCESS
TO
GROUPS |
VIP
ACCESS |
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Platinum |
£2,500* |
£17,495* |
1,000 |
5,000 |
£7,500* |
£995* x11 |
£950* |
6,5,4,3,2,1 |
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Titanium |
£2,500* |
£14,895* |
750 |
4,000 |
£6,000* |
£895* x11 |
£950* |
6,5,4,3,2,1 |
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Magnesium |
£2,500* |
£12,295* |
600 |
3,000 |
£4,500* |
£795* x11 |
£950* |
4,3,2,1 |
— |
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Tungsten |
£1,500* |
£6,995* |
300 |
1,500 |
£2,500* |
£495* x11 |
£950* |
3,2,1 |
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Carbon† (Overseas) |
£2,500* |
£18,995* |
1,000 |
5,000 |
£9,000* |
£995* x11 |
£950* |
6,5,4,3,2,1 |
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Note: 3 day weekend is Friday 12:00 hrs (noon) to Monday 10:00 hrs. Chart illustrates points cost per day.
* includes VAT @ 20% |
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The Carbon Overseas Membership is specifically created for non-UK residents. Carbon Members are offered the flexibility to spread their points and miles over a 24 month period.
Membership fees include insurance for the 100 member and their life/business partner subject to the successful completion of a possible driving assessment programme. This programme is not compulsory, but is subject to previous driving experience.
100 offer a number of bespoke corporate membership packages designed to meet the individual requirements of the corporate identity. Such packages suit three or more Members and allow for the pooling of points and miles for maximum flexibility. Corporate packages can be used as incentive schemes or rewards for employees or clients. |
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| Membership v Ownership |
| Example: New Ferrari 599 GTB Fiorano F1: Original cost when new £215.000; Value after 12 months £155,000 (source: Glass Guide). Usage to include 3,000 miles. Vehicle to undergo annual service in line with manufacturer's recommendation. |
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| 100 Membership |
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Ownership |
| £0 |
Depreciation (based on the above example) |
£60,000 |
| £0 |
Typical Insurance Premium |
£2,000 |
£0 |
Annual service (main dealer) |
£2,000 |
| £0 |
Additional running costs (e.g. tyres, brake pads, etc.) |
£2,000 |
| £0 |
Cost of money (£215,000 invested @ 4%) |
£8,600 |
| £17,495 |
100 Platinium Membership with 5,000 miles |
£0 |
| £17,495 |
Total Annual Cost |
£74,600 |
| £3.50 |
Cost Per Mile |
£24.87 |
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