FAQ | Silverpine

How does Silverpine work?

Silverpine allows you to invest in collectible cars through an iOS and Android application.

Our in-house team continuously screens the collectible car market in search of rare investment opportunities. We aim to acquire desirable assets that are appropriately priced and will increase in value over time. Once identified, we source the asset that matches our strict criteria and then transport, store and maintain it in a safe location in Germany.

Through our mobile platform, we share all key information about the assets, including provenance, financial data, ownership history, photos, and market prices for comparable assets.

These assets are divided into shares and made available to you so that you can build your custom portfolio by holding shares in multiple assets. You will be able to purchase actual fractions of the car and become a true owner of the part you have bought. Your trust and safety is important to us, so we follow strict guidelines set by the financial regulatory authority for Germany. Whilst we charge a small maintenance & management fee to cover the asset’s maintenance, Silverpine makes its money when the asset is sold at a profit so you can be sure we are incentivized to select great assets and manage them with a focus on long-term returns.

Once we sell the car, you, as a shareholder will receive your pro-rata net proceeds based on the number of shares you own.

How are the cars selected?

Our in-house team has over a decade of experience scouting and dealing with collectible cars. We are constantly screening the collectible car market for new opportunities based on market movements, rarity, condition, price development, originality, and history.

We are searching for the finest assets available and aim to source them at the right market time, in exceptional condition and for a competitive price.

Where do you get market data from?

Our in-house team is constantly receiving and screening data from private sales, auction houses and car resellers.

Who owns the cars?

When we first offer a car for investment through our platform it is typically owned by us, Silverpine GmbH.

The car is then fractionalized into shares which can be purchased. Upon completion of the investment transaction, you will receive a sales agreement document that confirms your partial ownership of the car.

If you decide to sell your share on the secondary market, ownership will be legally transferred to the secondary buyer.

Where are the cars stored?

All assets are stored in Germany in a climate-controlled warehouses designed to house cars. All assets are secured and monitored 24/7 by video surveillance.

How are the cars insured and maintained?

We understand that the upkeep of our assets is critical to preserving and growing long-term value. You can be confident that we adhere to strict standards. We have specialists who care for and maintain the cars. We are covered by a comprehensive and customized insurance policy designed specifically for high-value collectible cars.

In the highly unlikely event of asset damage, any insurance settlement will be used to repair the asset to its previous condition or paid out to the investors as a liquidation event.

How do I invest?

The first step is to download the Silverpine mobile application from the iOS or Android app store and create a user account by entering your mobile number and confirming it with a verification code.

You should then take some time to orientate and familiarize yourself with the application. There you can browse all investment campaigns available. When you have found an investment opportunity that piques your interest you will need to enter your personal details before purchasing.

Once you confirmed how many shares you would like to purchase, you will need to transfer funds before the shares will be attributed to your user account.

Who can invest with Silverpine?

Any person over the age of 18 that holds a valid identification document and is not taxed in the United States can invest with Silverpine.
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If you are taxable in the United States of America you are at this point unfortunately excluded from our investment process because of SEC restrictions and the law that came into force in 2010.

What is fractional ownership?

Fractional ownership is the percentage ownership of an asset. Shares in the asset are purchased by individuals who share ownership of the asset and related investment benefits. Fractional ownership means that you become a true owner of the share purchased.

How can I make money with Silverpine?

When you purchase shares of a collectible car through Silverpine you own a fraction of that high-value asset. If the value of the car increases over time, so does the value of the shares you own. By purchasing a share through Silverpine you agree that Silverpine GmbH is responsible for its storage, maintenance and liquidation of the asset.

We seek to find a buyer (the liquidation of the asset), typically within 2 to 4 years depending on market development and price appreciation. Once the car has been sold, we transfer all proceeds to your account (minus fees).

Alternatively, you can aim to sell your shares on the secondary market to other buyers prior to liquidation of the asset.

When are you selling the cars?

We are planning to hold the cars for between 2 and 4 years depending on market movement and price appreciation. Silverpine receives a profit share when the asset is sold at a profit so you can be sure we are incentivized to select great assets and manage them with a focus on long-term returns.

What happens when a car is sold?

Following the sale of a car, you will be immediately informed and receive a financial overview document. Following the deduction of the management and profit fee, all proceeds are paid to you and other active fractional owners.

How do I receive my payout?

You will be asked to enter a withdrawal account once the car has been successfully sold.

What are the fees?

When purchasing shares, there is an annual management & maintenance fee of 2% and a profit participation of 20%. The profit participation fee is only calculated on the profit from the liquidation of the asset after deduction of the management & maintenance fee, so you can be sure we are incentivized to select great assets and manage them with a focus on long-term returns.
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The management & maintenance fee includes costs of transport, storage, maintenance, insurance and the recurring valuation of the asset. This allows us to keep the asset in mint condition throughout your investment. The accumulated management & maintenance fees are only deducted upon liquidation of the asset, so you do not have to cover the fees beforehand.

How is my investment taxed?

We assume that the sale of shares in our assets is treated and taxed as a private sale transaction. However, we cannot give you tax advice on the taxation of fractional ownership of assets. We recommend that you discuss your individual situation with a tax advisor.

How do I pay for the shares I bought? (Payment methods)

Currently, you can pay by instant bank transfer. We will offer further payment options in the near future.

What happens if Silverpine goes bankrupt?

First and foremost the shares you have invested through Silverpine are protected. These shares of the real-life asset are transferred to you, the buyer.

To elaborate, we initially acquire and own the asset. Once a share of the asset is purchased the fraction obtained belongs directly with you, the fractional owner. This means that the share is contractually transferred to the buyer and we are only commissioned to store your shares. Thus, the shares are no longer part of Silverpines's assets and remain unaffected in the event of possible bankruptcy.

Can I buy shares if I missed an initial sales offering?

Once the initial shares have been sold these will not become available for investment again.

Is if safe to invest with Silverpine?

Silverpine follows strict guidelines set by lawmakers and financial regulatory authorities for Germany.

In corporation with our trusted partners, we are committed to safeguarding our users by making investing through us totally transparent and legal.

Through fractional ownership we are able to make you a true (partial) owner of the asset, not a mere investor.

Our team is always here to help, so if you have any questions please do not hesitate to get in touch at hello@silverpine.io.

You will find further information on risks associated with an individual asset in the application when you browse investable assets.

How can I update my personal information?

Please send us an email at hello@silverpine.io with the information you would like to change on your Silverpine account. A customer service employee will be in touch with you shortly after. We will offer further personalisation options in the near future.

How can I delete my account?

To permanently delete your account please go to settings within the application and follow the onscreen steps.

How can I reset my password?

To reset your password, please contact our customer support via email at hello@silverpine.io

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