What makes CarSlice safe and transparent?
- LLP structure ensures every ticket holder has a legal ownership stake.
- Agreements are executed under Indian Contract Act & LLP Act.
- Proceeds are distributed directly to LLP partners, ensuring full transparency.
Is this investment or lifestyle?
It’s a blend of both:
- Lifestyle: You drive and enjoy a premium car without paying the full cost.
- Investment: You hold legal ownership in an LLP asset, with resale proceeds distributed after the ownership term.
Who takes care of insurance, servicing, and compliance?
CarSlice manages all operational aspects—insurance, registration, maintenance, road tax, driver support (if opted)—ensuring a hassle-free experience for all LLP partners.
What are the benefits of this model?
- Access to premium/luxury vehicles at a fraction of the cost
- Legal ownership through LLP structure
- Depreciation benefits from asset utilization
- Potential resale value realization at exit
- Shared costs for insurance, maintenance, and compliance
How is car usage managed among co-owners?
Car usage is distributed through a transparent scheduling system in the CarSlice platform. Each partner gets a fair allocation of days/hours depending on their ticket size. Unused days can be traded or rented out within the community.
Can I sell my ticket (ownership share) before 5 years?
Yes, ticket holders are free to transfer or sell their LLP share to another interested buyer, subject to compliance with LLP rules and CarSlice’s transfer framework.
What happens after 5 years?
At the end of 5 years (or earlier, if decided by the majority of ticket holders):
- The vehicle will be sold.
- Sale proceeds (after expenses, if any) will be distributed among LLP partners in proportion to their ticket holding ratio.
Who is the legal owner of the vehicle?
The LLP is the registered owner of the car. However, as a ticket holder (partner in the LLP), you are the beneficial co-owner of the car through your LLP stake.
How does the ownership structure work?
Each car is owned under a separate Limited Liability Partnership (LLP), created as a Special Purpose Vehicle (SPV).
- Every ticket holder becomes a partner in that LLP.
- The LLP directly owns the vehicle.
- Your shareholding in the LLP corresponds to the number of tickets you purchase.
What is CarSlice?
CarSlice is India’s first AI-powered platform that offers Fractional Car Ownership. Instead of buying an entire premium or luxury car, you can own a fraction (ticket share) of it and enjoy both usage and investment benefits.
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