Autumn is upon us, and with it, some of the best weather for driving and enjoying classic cars. The scorching days of summer, along with the attendant dangers of overheated engines and sunburns, are behind us. Frozen winter days, when road salt would do little to enhance a classic car's value, are, hopefully, still a distant headache.
From homes, to boats, to garage spaces, the “sharing economy” is opening opportunities for renters and rentees in a variety of markets. Add classic and exotic cars to the list, as Classics&Exotics Inc., based in on Cape Cod, Massachusetts, aims to pair car owners with pre-qualified drivers, potentially netting additional income for the former while broadening access to the old car hobby.
It's happened to all of us. Maybe it was at a car show or while walking somewhere on a beautiful day. An exotic or classic car catches your eye. Suddenly, you imagine yourself behind the wheel, reveling in the moment. Then, reality intrudes. You have kids, a mortgage, credit card debt and college bills. You have too many responsibilities and not enough dough.
This is car sharing with a twist: instead of scrolling for someone's Toyota Camry or Volkswagen Jetta, you will be deciding between vintage offerings ranging from a 1971 Mini Cooper S to a 1984 Ferrari 308. Described as the first peer-to-peer enthusiast vehicle rental platform (say that 10 times fast), Classics&Exotics connects car owners with drivers. The database already has more than 100 cars and 1000 renters, mostly clustered in the Northeast, but they're expanding nationwide this spring. Each rental includes insurance protection and full-service roadside assistance designed specifically for classic and exotic cars.
So you’re going to be sightseeing in the nation’s capital and you want to be seen as well as see the sights. As of this month, you can rent a 1973 Steyre Puch Pinzgauer 712M to carry you and as many as 13 friends and relatives on your tour.
Don’t need a retired Swiss military troop transport? Well, there are 100 other collector vehicles — and the list is growing weekly — available across the country from Classics&Exotics, a sort of Airbnb created to help classic car owners benefit by renting out their vehicles while also getting potential newcomers to the hobby behind the wheel.
Do you ever catch a glimpse of a ’64 Ford Thunderbird going by – or a ’79 Chevy Camaro, or a ’59 Cadillac – and just drool with envy? How would you like to be the one driving that sweet ride? Classic cars are a pleasure to own and a thrill to drive, and getting behind the wheel of one of them is easier than you might think.
Owners of classic cars are taking their vehicles in a new direction, by renting them out to pleasure-seekers, vacationers, businesspeople, wedding planners, movie companies and the like, and it’s becoming a lucrative business for both the car owners and the specialty classic car rental companies they go through.
Peter Zawadzki, CEO and Co-Founder of Classics & Exotics Inc., in Sandwich, has been in the classic car industry nearly his entire life. It started as his passion and has now become his business, and he couldn’t be happier. His classic car rental company launches this fall.
This fall the entrepreneurs behind the Cape Cod-based Classics&Exotics will launch their marketplace for classic car owners and renters, becoming the first to market, they claim, with what amounts to an Airbnb for car rentals.
Co-founder Peter Zawadzki says it’s a natural progression from the rental property listings of Airbnb and the rental network of Boatbound.
“I was a Boatbound customer, renting my boat very successfully,” he says. “I thought, why not rent my classic cars?” Now his small team is set to debut in Detroit and Arizona, with a New England rollout due in spring. They’re signing up car collectors who are willing to rent their vehicles to “prescreened, highly qualified” renters.
New age sports cars are flashy and sleek but there is something so romantic, vintage and rustic about classic and exotic cars. These old age heroes have style, debonair and all the good looks. Honestly, I would surely fall head over heels for the guy who picked me up on our first date in a classic 1967 Chevy Impala or a Ford Mustang than a super stretched out limousine.
That’s the idea behind Classics&Exotics Inc., an online platform that connects passionate owners of expensive vintage and high-end cars with people who would love the chance to drive them.Peter Zawadzki and Michael Sakkas, both Sandwich residents, founded the company just last year.
But their concept was so impressive that, in March, they were one of 10 companies selected from around the world for the inaugural class of Techstars Mobility, driven by Detroit, an investment and mentoring program focused on supporting emerging businesses that will transform the transportation industry.
Imagine having to pitch your dream business to an investor. You come up with your plan, work on your speech, check the numbers, try to anticipate every question. Then, imagine having to do it 10 times. Every day. For the majority of a whole summer, hundreds of miles away from your family.
That's what Peter Zawadzki and Michael Sakkas, founders of Classics&Exotics Inc., did this summer as part of an investment and mentoring program — Techstars — focused on supporting emerging businesses that will transform the transportation industry.
Ford-backed Techstars Mobility, driven by Detroit, today announces 10 startup companies it will support through September with funding and business development training as they bring to life future mobility and transportation solutions.
“Techstars Mobility pays forward the startup legacy of Ford Motor Company by supporting these smart and ambitious inventors, developers and thinkers who are creating innovative solutions to a wide range of future mobility challenges,” said Bill Ford, executive chairman, Ford Motor Company.
Today, I’m excited to announce the first class of Techstars Mobility, driven by Detroit. These 10 companies are excellent representatives of the future of mobility. They each demonstrate technologies addressing the movement of people, goods, and services.To help us create a world-class mobility program, we’ve partnered with six global corporations with deep mobility expertise. These partners include Ford Motor Company, Magna International, Verizon Telematics, Dana Holding Corporation, Honda R&D Americas, and McDonald’s. Additionally, we have over 150 expert mentors and investors helping our first class of 10 startups.
A new tech incubator is looking to combine the Motor City’s automotive history with its evolving tech startup landscape. "Techstars Mobility, Driven by Detroit" kicks off its first round with 10 startups next week.Techstars is an established accelerator network with incubators around the world, and Detroit is a new addition. The projects center around mobility in some form, be it improving vehicles, moving goods, or working cars into the sharing economy in new ways. In return for a percentage stake in each company, Techstars provides mentorship, access to experts, seed money, and a collaborative environment.
Techstars Mobility announced the first 10 startups that will receive funds and business plan support. The list includes a wide variety of companies that go well beyond the auto industry. Classics&Exotics is a unique entry into the world of car sharing. Instead of bringing another hybrid rental to consumers who don't need to own a motor vehicle, this company allows its members to rent classic and exotic cars owned by collectors and other individuals.