Interesting proposition.
I would assume the mechanicsm of shared ownership are perhaps that
A) one person needs to be the registered owner.
B) All parties are on the insurance policy.
C) All parties jointly agree to pay equal shares to servicing, repair work etc.
Any other mechanisms?
There was thread on another forum relating to three good friends sharing a Ferrari 360 recently, which may help give some ideas of the practical issues we need to consider.
http://www.pistonheads.com/gassing/topic.asp?h=0&f=63&t=892180&mid=0&nmt=Some advice please - joint Ferrari 360 ownership
Time period - would it perhaps be sensible to agree a possible time scale for future re-sale (say, three years?). This could be changed by mutual agreement, but if there are likely to be quite a few joint owners (eg ten?!), setting a default time scale at the outset may help prevent a stalemate in the future.
I may be interested - subject to debate about sensible solutions to practicalities. I welcome debate and opinion.
David