Terms & Conditions
Crowdcars Terms & Conditions
Effective Date: June 18, 2025
1. Management Fees and Fund Allocation
1.1 Initial Management Fee
Crowdcars charges a 10% management fee on all funds raised via the platform. This fee is deducted upfront before deployment of investment capital and covers operational and setup costs including, but not limited to:
Purchase of vehicles (e.g., in Germany)
Transportation and import to Spain
Legal registration of vehicles under a Spanish Sociedad Limitada (SL) within the appropriate legal framework
Vehicle insurance procurement and management
Arranging secure parking and storage facilities
Marketing and advertising campaigns including Google Ads and listings on rental platforms such as Turo to promote vehicle rental income
1.2 Ongoing Profit Management Fee
Crowdcars charges a 50% monthly management fee on net rental profits. This fee is charged after deducting all operational expenses such as:
Insurance premiums and claims handling
Vehicle cleaning, maintenance, and repairs
Parking and storage fees
Any commissions or fees charged by rental platforms or service providers
This fee supports continuous professional management, asset optimization, and platform operations.
2. Know Your Customer (KYC) Requirements
2.1 Mandatory KYC
Investors must complete Crowdcars’ Know Your Customer (KYC) procedures before receiving Tokens. This process requires submitting valid government-issued identification, proof of residence, and any other documentation necessary to comply with anti-money laundering (AML) and counter-terrorism financing regulations.
2.2 KYC Compliance
Crowdcars reserves the right to reject or suspend any investor accounts failing to meet KYC requirements or where suspicious activity is detected.
3. Tokenized Vehicle Investments
3.1 Token Structure
Tokens issued on Crowdcars represent fractional, digital ownership rights in individual luxury vehicles.
3.2 No Physical Possession Rights
Token ownership does not confer rights to use, possess, or physically control the underlying vehicle.
3.3 Individual Token Issuance
Each vehicle is tokenized separately, and token terms may differ per vehicle as detailed on the platform.
4. Token Custody and Payout Responsibility
4.1 Investor Wallets
Tokens will be delivered to the investor’s own private blockchain wallet. It is the investor’s sole responsibility to secure, manage, and maintain access to their private keys.
4.2 Loss or Compromise of Private Keys
Crowdcars disclaims all liability for any loss, theft, or unauthorized access to Tokens resulting from the investor’s failure to protect wallet credentials.
4.3 USDT Payouts
Profit distributions are paid monthly in USDT (Tether) to the wallet address provided by the investor. Investors must ensure their wallets are compatible with USDT and capable of receiving such payments.
4.4 Investor Responsibility Post-Transfer
Once Tokens and USDT payouts have been transferred to an investor’s wallet, Crowdcars assumes no responsibility for any losses, failures, or issues arising thereafter, including technical wallet errors, blockchain malfunctions, or lost credentials.
5. Investment Risks
5.1 Capital Risk
Investing in Tokens involves significant risk. The capital you invest may be partially or fully lost. Examples include, but are not limited to:
If insurance claims are denied or delayed (for instance, due to disputes, delays in processing, or exclusions in coverage), payouts to investors may be impacted or halted.
Operational interruptions, such as vehicle damage, theft, or unforeseen regulatory changes, may reduce rental income or asset value.
Market fluctuations or changes in demand for luxury car rentals can materially affect profitability.
Legal or tax changes in any jurisdiction impacting the ownership, management, or resale of vehicles.
Under no circumstances shall Crowdcars or its affiliates be liable for any losses or damages resulting from these or other risks, including delays or non-payment of dividends or principal.
5.2 No Return Guarantees
Crowdcars does not guarantee repayment of principal, payment of dividends, or any specific investment return.
5.3 Operational and Market Risks
Investments depend on various factors beyond Crowdcars’ control, including vehicle maintenance, rental market conditions, legal frameworks, and external economic events.
5.4 Illiquidity of Tokens
Tokens are not listed on public exchanges and may not be transferable or liquid. Investors may be unable to sell or redeem tokens before the end of the investment term.
5.5 Regulatory and Legal Risks
Regulatory changes may impact token ownership, vehicle operation, or platform functioning, potentially affecting your investment.
6. No Investment Advice
6.1 Crowdcars provides information only and does not offer investment, legal, or tax advice.
6.2 Investors must conduct their own due diligence and consult qualified professionals as needed.
7. Use of Platform and Account Security
7.1 Accurate Information
You warrant that all information submitted is truthful, accurate, and complete.
7.2 Account Security
You are solely responsible for maintaining the confidentiality of your login credentials and for all activity occurring under your account.
7.3 Suspension or Termination
Crowdcars may suspend, restrict, or terminate access to the platform for breach of terms, suspicious behavior, or regulatory requirements.
8. Fees and Payments
8.1 Fees outlined in Section 1 are automatically deducted as described.
8.2 Acceptance of fees is a condition of using the platform and investing through Crowdcars.
9. Limitation of Liability
9.1 To the maximum extent permitted by law, Crowdcars, its affiliates, officers, employees, agents, and contractors shall not be liable for any damages or losses of any kind, including but not limited to:
Loss of investment capital, profits, or anticipated gains
Indirect, consequential, punitive, incidental, or special damages
Losses due to technical failures, hacking, cyberattacks, or blockchain vulnerabilities
Losses arising from third-party service providers, including payment processors, insurers, transporters, or platform operators
Any delay, suspension, or failure in profit distributions, token issuance, or operational activities
9.2 Crowdcars makes no warranties or guarantees regarding the success, profitability, or performance of any investment.
9.3 You agree to indemnify and hold Crowdcars harmless from any claims, damages, costs, or liabilities arising from your use of the platform or your investment activities.
9.4 This limitation applies regardless of legal theory, whether in contract, tort, negligence, strict liability, or otherwise.
10. Tax Obligations
10.1 You are responsible for understanding and fulfilling all tax obligations relating to your investments and any income generated.
10.2 Crowdcars does not provide tax advice and recommends consulting a qualified tax professional.
11. Data Protection and Privacy
11.1 Personal data collected will be processed and stored as outlined in our Privacy Policy, compliant with applicable data protection regulations.
12. Intellectual Property
12.1 All intellectual property rights on the Crowdcars platform, including trademarks, logos, text, images, and software, belong to Crowdcars or its licensors.
13. Governing Law and Dispute Resolution
13.1 These Terms and any disputes shall be governed by and construed in accordance with the laws of Switzerland.
13.2 All disputes arising out of or relating to these Terms will be resolved by binding arbitration in Zurich under the rules of the Swiss Arbitration Association.
14. Amendments
14.1 Crowdcars may modify these Terms at any time by posting the updated version on the platform.
14.2 Continued use of the platform constitutes acceptance of any amended Terms.
15. Miscellaneous
15.1 If any part of these Terms is found invalid or unenforceable, it shall not affect the remaining provisions.
15.2 These Terms constitute the entire agreement between the investor and Crowdcars concerning the use of the platform and investments.
16. Contact
For any questions or concerns, please contact us.