BITCARS / THE BUSINESS BEHIND THE DRIVE
Real cars.
Open numbers.
See how rental income, operating costs and vehicle reserves affect your share of a fleet. Compare scenarios and understand how distributions are calculated.
01 / MONTHLY POOL ECONOMICS
Explore your potential share.
USD. 100 debt-free cars, a 30-day month and a 36-month holding period. Rates are planning assumptions; occupancy is not observed performance. Pool results are before investor-level taxes.
Where the rental cash goes
| Monthly line item | USD |
|---|
How the calculation works
Rental revenue = Σ(car count × daily rate × paid days × price realization)
Pool cash = rental revenue − operating costs
Capital reserve = (vehicle cost including acquisition buffer − resale assumption) / 36
Distribution = max(0, pool cash − capital reserve)
The reserve is cash retained in the pool, not an extra payment to an operator. It protects vehicle capital as cars lose value. It is not a tax depreciation schedule. Losses reduce capital; no distribution is paid from new investor contributions.
Your modeled share
Same-price entry at inception, no dilution and no transfer mid-period. Participation, fees, ownership dates and exit rights are subject to the offering documents.
Each model’s contribution
| Vehicle group | Count | Revenue | Operating cash | Capital reserve | After reserve |
|---|
02 / YOUR INVESTMENT
Understand where your investment goes.
| Pool capital requirement | USD |
|---|
Fundraising cost is 6% of gross proceeds. Initial reserve is refundable only to the extent unspent. Setup and fundraising fees are not recoverable vehicle assets.
Platform company
The 12% pool fee becomes platform revenue. The separate 10% operator fee pays the local fleet manager and is not counted again as platform revenue. The calculation includes $10,000 in monthly platform overhead.
Pool funds are accounted for separately from the platform company. The platform’s operating costs do not create an additional claim on your pool investment beyond the disclosed fees.
10–30% buyback policy
Only positive platform net profit after tax and available cash may fund buybacks. An illustrative 25% effective corporate tax assumption is used if the platform becomes profitable; the actual structure determines tax. Buybacks depend on the selected scenario and available company profit; the calculation below shows the allocation. Renter deposits and investor capital remain separate.
36-month exit reconciliation
The illustration holds each selected month constant for 36 months, then sells the cars at the assumed residual value. It excludes sale transaction fees, income taxes, extraordinary loss and financing. This is a sensitivity calculation, not a forecast or guaranteed exit. A buyer for pool tokens is not assured.
03 / THE BITCARS FLEET
Our fleet. Your choice.
Explore 20 models in the planned 100-car BitCars fleet, with five vehicles of each model. Choose from everyday sedans, family SUVs, electric and premium cars.
| Model | Vehicles | Category | BitCars daily rate |
|---|
Displayed rates are estimates before taxes, coverage and delivery charges. Bookings are not open yet. Exact vehicle specifications and final prices will be shown before confirmation.
04 / MODEL INPUTS
What the calculation includes.
| Input | Planning assumption | Scope & limitations |
|---|---|---|
| Rental utilization | 14 / 20 / 24 paid days; 80% / 90% / 100% rate realization | Seasonality, cancellations and downtime; no empirical demand data yet. |
| Insurance | $220–450 per vehicle/month; exact model inputs below | Insurance estimates are not insurer quotes. Coverage, exclusions and deductibles depend on the policy. |
| Usage and maintenance | 80 miles / paid day; $0.08–0.16 per mile, depending on model | Tires, scheduled service and repairs. Renter pays ordinary fuel/charging. Vehicle wear reserve separately covers value loss. |
| Turnover | 4-day average trip; $25 cleaning per trip; damage reserve 3% of revenue | Unexpected damage can exceed the reserve. Fractional trips are statistical averages. |
| Fixed pool costs | $75 parking + $15 telematics + $25 registration per car/month; $2,500 accounting per pool/month | Estimated local costs. Airport concession and delivery costs are excluded. |
| Fees | 12% platform + 10% operator, both on rental revenue | Separate disclosed fees for the platform and local operator. |
| Card processing | 2.9% of modeled guest charge + $0.30/trip | US domestic online-card reference; international cards, disputes, refunds and Connect may add fees. |
| Guest taxes | 7% illustrative combined tax, $2/day traditional rental surcharge | Actual jurisdiction and agreement. Florida distinguishes $1/day qualifying peer-to-peer sharing. No tax revenue counted as pool income. |
| Acquisition / exit | 8% purchase buffer; 45–60% resale value after 36 months, depending on model | The acquisition buffer covers estimated tax, title and inspection costs. Resale depends on mileage and condition and is not guaranteed. |
| Setup and funding | $100k pool setup, $300k initial reserve, 6% fundraising expense | Estimated setup and fundraising costs. No debt, leverage or token-sale proceeds assumed. |
| Platform variable expense | $6 support / trip + rewards 1% of rental revenue + payout budget 0.25% of revenue + $2/car/month | Payout and support amounts are estimates, not quoted provider fees. |
Vehicle cost assumptions.
Used-vehicle acquisition estimates, not dealer or insurance quotes. Exact model year and trim are not confirmed. These inputs drive the same model as the catalog.
| Model | Units | Purchase / car | Insurance / month / car | Maintenance / mile | Resale / purchase |
|---|---|---|---|---|---|
| Toyota Corolla | 5 | $20,000 | $220 | $0.08 | 60% |
| Toyota Camry | 5 | $23,000 | $250 | $0.09 | 60% |
| Toyota RAV4 | 5 | $28,000 | $280 | $0.10 | 60% |
| Tesla Model 3 | 5 | $27,000 | $300 | $0.10 | 45% |
| BMW X7 | 5 | $50,000 | $450 | $0.16 | 45% |
| Honda Civic | 5 | $22,000 | $230 | $0.08 | 60% |
| Honda Accord | 5 | $26,000 | $260 | $0.09 | 60% |
| Honda CR-V | 5 | $29,000 | $280 | $0.10 | 60% |
| Nissan Sentra | 5 | $18,000 | $220 | $0.09 | 50% |
| Nissan Altima | 5 | $21,000 | $250 | $0.10 | 50% |
| Nissan Rogue | 5 | $24,000 | $270 | $0.11 | 50% |
| Hyundai Elantra | 5 | $19,000 | $230 | $0.09 | 50% |
| Hyundai Tucson | 5 | $24,000 | $270 | $0.11 | 50% |
| Kia Forte | 5 | $18,000 | $230 | $0.09 | 50% |
| Kia Sportage | 5 | $25,000 | $280 | $0.11 | 50% |
| Chevrolet Malibu | 5 | $20,000 | $250 | $0.10 | 50% |
| Chevrolet Equinox | 5 | $23,000 | $270 | $0.11 | 50% |
| Ford Mustang | 5 | $31,000 | $350 | $0.14 | 55% |
| Ford Explorer | 5 | $33,000 | $330 | $0.13 | 50% |
| Jeep Wrangler | 5 | $32,000 | $330 | $0.13 | 55% |
05 / PROFIT & TOKEN BUYBACKS
Rental activity. Company profit. Token demand.
Investor distributions come from the 100-car pool. Buybacks come only from the platform company’s positive after-tax profit and available cash. These are separate flows, so the same dollar is never distributed twice.
A scaling illustration, not current inventory or a growth forecast. Uses the rental assumptions selected above. Fixed monthly platform overhead is $10,000 through 100 cars, plus an assumed $60 for each additional car. Additional fleet capital is not included in the 100-car pool raise. Scale may require higher costs than this assumption.
Platform net profit = rental commissions − platform expenses − assumed corporate tax
Buyback budget = max(0, net profit) × selected allocation
Retained company profit = net profit − buyback budget
Illustrative corporate tax: 25% of positive pretax profit. Budgets assume profits are available in cash and no additional liquidity restriction applies. Annual amounts repeat the selected month 12 times. Buybacks do not grant token holders pool ownership or guarantee a token price. Burning versus treasury retention remains unspecified.