A youngtimer is a car that is not yet old enough to be considered an oldtimer (classic car), but it has reached a certain age and is desirable among collectors and enthusiasts. Although there is no fixed definition for what constitutes a youngtimer, they are generally considered to be cars that are at least 20 years old but not yet 30 years old. Oldtimers, on the other hand, are typically vehicles that are over 30 years old and in their original condition. Antique cars need to be at least 45 years old, although this can vary from country to country. Pre-war cars cover the years from 1919 to 1930. 
 
Such cars are very popular in Europe and North America. Since they are considered collector's items, insurance premiums are usually lower compared to modern cars, even though they can be more dangerous to drive. 
 
High return potential 
Automotive investments have achieved an average annual value appreciation of over 11% over the past 10 years. 
 
Rarity 
In the past, these cars, which are now in great demand, were built very little. For example, only 1400 examples of the legendary 300sl Gullwing were built. According to the Knight Frank 2023 index, classic cars have seen significant appreciation, with a 185% increase over the last decade. 
 
Market Growth 
Statista estimates the global classic car market revenue to be 30.9 billion U.S. dollars and its expected growth to be 8.8 percent annually until 2024.

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Splint Invest Platform Fee 
Compensation for the tokenization of the assets, the maintenance as well as the further development of the application and the costs related to the research and maintenance of the expert network. 
 
External maintenance costs 
We are committed to providing the highest standards of storage, maintenance and insurance of your equipment on your behalf. The associated costs will be shared between the splint holders and included as an ongoing cost in relation to each asset. So if you own 1% of the car, your splint account will be charged 1% of the associated costs. Further details and breakdowns are listed in the factsheet for each investment. 
 
Exit fee 
When you sell an investment, you will be charged a flat fee of 2% of the transaction volume. This includes our expenses for sales on the secondary market, our costs for maintaining this market and our organisation of an asset sale at the end of the contract.

"The Ferrari 355 represents one of the last hand built, analogue Ferrari’s. Its timeless design, low production numbers and iconic status make it a perfect choice for an investable classic." - David Spickett, CEO at TheCarCrowd 
 
Why a Ferrari F355 Spider? 
 
Ferrari's Transition to Modernity 
Up until the F355, Ferrari had produced hand-built, pure driving machines but with the future technology of modern motoring looming on the horizon and manufacturers being forced to change to meet emission regulations, the <a href="https://www.ferrari.com/en-EN/auto/f355-spider">F355 was Ferrari’s swan song</a> to their classic driving heritage whilst also embracing modern technologies. 
 
Innovative Design and Performance 
The F355 Spider brought the spirit of Ferrari to whole new level by melding the Berlinetta and the GTS’s acknowledged performance with a superbly efficient electronically operated semi-automatic soft top. 
 
Engineering Excellence 
Honed by 1,800 hours in the wind tunnel, the Ferrari 355 was ahead of it’s time with iconic Pininfarina designing which blended elegance and aerodynamics to make a car that not only turned heads but performed as well as it looked. 
 
Power and Precision 
Featuring a mid/rear 3.5 litre V8 longitudinally mounted pushing out 380hp mated to a superb 6 speed gated manual gearbox meant that the F355 Spider was not slouch. Like Ferrari’s contemporary F1 racers of the era, the F355's heads was equipped with five valves per cylinder; three intake and two exhaust. These valves are operated by two overhead camshafts, allowing for variable valve timing, greatly improving the engine’s performance. 
 
Why this F355 Spider? 
 
Desired By Collectors 
This Ferrari 355 Spider, importantly features the highly sought after and incredibly rare gated manual gearbox. It is finished in Nero leather and eye catching Rosso Corsa paint set against 19" 5 spoke original wheels. These manual 355 Spiders are one of the most collectable and desirable models to have. After hitting showrooms worldwide in May 1994 production of the 355 ceased in 1999 there were a total of 11,373 units produced. Only 1,384 RHD variants, of which just 315 RHD Spiders and believed less than 240 RHD Manual Spiders variants were manufactured, making them quite rare at the time and even rarer now that time has taken its toll on many 355s over the years. 
 
True Investment Mileage 
This particular example has covered less than 2000 miles per year in its over 25 years of life with a stunning history fully documented at all key intervals. 
 
Past Performance 
The Ferrari 355 Spider has seen an average price increase of over 14.5% YoY between 2020 and 2023 inclusive, with a correction in the last year. According to data taken from <a href="https://www.theclassicvaluer.com/cars/ferrari/f355-spider">The Classic Valuer</a>. 
 
Sell your Splints? We now provide you with the option to repurchase your splints at market value anytime. Please note that an additional processing fee will apply. The processing fee varies based on the volume, investment, and your holding duration. Use the contact form to initiate the process.

The price of 111,200 € includes the Splint Invest platform fee and external maintenance costs of 8,850 €. 102,350 € can be allocated to the asset. 
Platform Fee Splint Invest: Compensation for the tokenization of the assets, the maintenance as well as the further development of the application and the costs related to the research and maintenance of the expert network. 
External maintenance costs: Shipping, handling, 4 years storage, and insurance.

Variable Costs

BOXEDclassics, East Midlands, England

40902_Ferrari_355 Spider_1997

The Ferrari 355 Spider has seen an average price increase of over 14.5% annually between 2020 and 2023, with a correction in the last year. According to data from The Classic Valuer. 
 
These manual 355 Spiders are one of the most collectable and desirable models to have.

Return

After their global debut in showrooms in May 1994, production of the 355 ended in 1999 with a total of 11,373 units. There were only 1,384 right-hand drive variants, of which only 315 were right-hand drive Spiders and fewer than 240 were right-hand drive Manual Spider variants, making them quite rare at the time and even rarer now that time has taken its toll on many 355s over the years.

Stability

Since its release on February 29, 2024, the car has already gained 3.7% in value. You can still secure Splints now at the nominal value of 50 EUR.

Ferrari, F355 Spider, 1997

This particular example, which has covered less than 2000 miles per year in its over 25 years of existence with a stunning history fully documented at all key intervals, features the highly sought after and incredibly rare gated manual gearbox, making it a significant find for enthusiasts and collectors alike.

Track Record

The mission at TheCarCrowd is to give investors across the globe the opportunity to invest in one of the World’s fastest appreciating asset classes.

Investment in classic cars is an effective way of diversifying a portfolio, indicated by fact that 81% of ultra HNWs have at least 1 alternative asset such as classic cars within theirportfolio. The Knight frank 2023 index shows that classic cars have appreciated 185% in the last decade and 25% in the last year. In the last 10 years, only beaten by rare whiskey; classic cars are consistently in the top 2 highest performing luxury asset classes. 
 
However classic cars as an asset class is not as widely adopted as it should beas a diversification technique. Only 13% of mass affluent investors (mainstream) have any form of classic car investment in their portfolio due to the perceived high barriers to entry including:

<ul>
	<li>Lack of awareness of the category,</li>
	<li>Skill and experience in selecting the right asset,</li>
	<li>Access to acquire the right assets,</li>
	<li>Space to store, experience and resources to maintain the vehicle,</li>
	<li>Capital available to buy the whole car,</li>
	<li>Lack of awareness of regulated platforms to enable fractional investment.</li>
</ul>

But the business case for this asset class is proven. The mission at TheCarCrowd is to give investors across the globe the opportunity to invest in one of the World’s fastest appreciating asset classes. 
 
TheCarCrowd is enabling investors to diversity within the category with cars from the 1960s classics to modern day supercars. 
 
With some vehicles achieving more than 38% in a single year and 20% acrossthe portfolio, TheCarCrowd has&nbsp;been able to give investors strong returns so far from afully asset backed investment.

&nbsp;

TheCarCrowd

CEO &amp; Co-Founder 
 
David is the complete petrol head, helping his dad build a Westfield at just 14, he has been buying, building, and selling cars ever since. He has also built a successful career in senior technology management working with Mckinsey, Capgemini and Unipart. More recently he led and grew a successful global finance business. 
 
David has combined his passion for cars, with his years of experience in finance and asset management to create the CarCrowd. He and his team are on a mission to bring people closer to the cars of their dreams.

This is an investment opportunity where we have recalculated the expected performance given by the external expert (TheCarCrowd) and have thus verified that a positive return can be expected after deduction of all costs for storage and insurance.

Furthermore, we have verified the existence, the professional storage and the insurance of the vehicle.

Ferrari, F355 Spider, 1997

Asset's Life Cycle Details

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Expert

Category

Status

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Date of issuance (launch)

Issue price per Splint

Investment horizon in years

Time period for the divestment

Documents

Aurelio

Do you have questions?