Corsa Capital is raising $100 million to acquire rare, low-production collector vehicles with established track records of long-term appreciation and consistent year-over-year returns. Sourced through a proprietary network, trusted industry relationships, and a reputation built over more than two decades, providing access to opportunities that rarely reach the open market. The target vehicle segment delivered a verified 15.2% gross compound annual growth rate from 2021 through 2025, equating to an estimated 10.68% net CAGR after fees and supporting the fund's base-case underwriting.
Most collector car investments fail at acquisition. Vehicles sourced through public platforms are often purchased at full market value, relying on future appreciation to generate the return. By leveraging its access to private and distressed sellers, Corsa Capital creates value at acquisition.
Through its strategic relationships with Auto Concierge and Sandbox Motors, Corsa Capital benefits from an integrated platform for vehicle management, maintenance, logistics, and disposition. This structure allows a greater percentage of fund capital to remain invested in appreciating assets rather than being consumed by the ongoing costs of holding and managing them.
"Preserve liquidity. Expand sourcing. Reduce costs. Deploy more capital into appreciating assets."
Request the Investment MemoThrough Auto Concierge, Corsa Capital gains access to owners who prioritize privacy, discretion, and certainty over public exposure. These vehicles may be acquired before they are publicly listed or broadly marketed, reducing competition and creating more favorable entry points.
Certain owners, banks included, require speed, liquidity, or certainty of execution. Corsa's ability to evaluate and close transactions efficiently can create meaningful acquisition discounts and built-in value at entry.
When a vehicle is ready for disposition, Corsa Capital can access the established buyer network of Auto Concierge and allow Sandbox Motors to handle the transaction. This creates the potential for faster, more discreet sales with lower transaction costs.
By physically locating and titling qualifying vehicles within Auto Concierge's established Montana operations, the fund avoids triggering certain sales and use tax obligations, helping preserve capital, create additional equity at acquisition, and support the fund's long-term investment strategy.
Through direct access to Auto Concierge's bonded warehouse infrastructure, Corsa Capital can source vehicles internationally and hold qualifying imports under customs supervision, deferring duties and tariffs until they enter the U.S. market, are sold internationally, or are otherwise withdrawn from bonded status.
Auto Concierge is the operational and sourcing backbone of Corsa Capital. Based in Los Angeles with facilities across California and Montana, they are one of the most experienced collector car management firms in the country.
Founded by Scott Elrod, Auto Concierge has spent over 20 years building the trust-based relationships that give Corsa Capital its sourcing advantage. That pipeline took over 20 years to build. It cannot be replicated.
6 climate-controlled storage locations across California and Montana, vehicles are protected, maintained, insured, and accessible at all times. Bonded warehouse status eliminates import duties and tariffs on qualifying vehicles.
White-glove logistics for all acquisitions and deliveries between locations. Every vehicle moves safely and discreetly.
Active buying and selling capabilities with deep market relationships built over 15 years. The right buyer for every vehicle.
Hundreds of qualified collectors, both motivated sellers and serious buyers, built through years of trust and discretion.
No use tax on vehicles held at Montana facilities for a minimum of one year. Real operational infrastructure, not a paper arrangement.
www.autoconcierge.net · Los Angeles, California
Montana levies no use tax on vehicle purchases. Most funds try to access this benefit through a registered address. Corsa Capital accesses it through fully operational, state-of-the-art climate-controlled Auto Concierge storage facilities in Montana. The difference is significant.
On a $1,200,000 vehicle, Montana storage eliminates $79,500 in use tax, compounding the built-in equity advantage from day one of ownership.
Vehicle acquired through Sandbox Motors and the Auto Concierge pipeline, off-market or from a motivated seller at a meaningful discount to market value.
Vehicle transported to Auto Concierge's Montana facility via white-glove logistics, fully insured and tracked throughout.
Vehicle held at the Montana location for a minimum of one year in climate-controlled, professionally managed storage.
Sales tax obligation eliminated, saving 6.625% of the purchase price depending on the buyer's home state, compounding built-in equity.
The following vehicles are currently available through the Auto Concierge and Sandbox Motors network at below-market pricing, sourced off-market or from motivated sellers requiring a quick transaction.
One of only 40 examples produced globally. Limited production W16-powered hypercar with active aerodynamics and full carbon construction. Available for immediate acquisition.
991.2 GT2 RS, the most powerful 911 ever produced at the time of its release. 700 HP twin-turbo flat-six, rear-wheel drive, PDK. Highly sought-after by serious Porsche collectors worldwide.
* Vehicles available through the Auto Concierge and Sandbox Motors private network. Pricing and availability subject to change. For qualified partners only.
Corsa Capital launches with an initial collection of 15–25 vehicles structured as a direct ownership partnership.
A $3 million investment gives a partner a proportional stake in a $90 million collection of the world’s most iconic collector cars.
No individual buyer could acquire this portfolio alone. Through Corsa Capital, a single check unlocks access to a nine-figure collection, fully sourced, managed, and exited by Auto Concierge.
Scott Elrod is an entrepreneur, operator, and investor with more than 20 years of experience building businesses, developing relationships, and executing transactions within the collector car and luxury asset ecosystem. He is the Founder and CEO of Auto Concierge, a multi-market vehicle asset management platform serving high-net-worth individuals, collectors, and family offices. Under Scott's leadership, Auto Concierge has expanded across California and Montana, developed strategic industry partnerships, and built an integrated operating platform focused on discretion, precision, and exceptional service. Scott is also the founder of Sandbox Logistics and Sandbox Motors, businesses created to support the transportation, acquisition, management, and disposition of rare, exotic, and high-value vehicles. His experience spans operations, real estate, logistics, luxury services, and complex asset management. Through Corsa Capital, Scott brings a differentiated operator's perspective to investing. His more than 20 years of experience in this highly specialized market, combined with his network, sourcing capabilities, and understanding of collector behavior and asset values, are expected to be key drivers of the fund's success. His focus is identifying differentiated opportunities, aligning capital with experienced management teams, and building a disciplined investment platform designed to generate long-term value.
Bill Ward is a Partner of Corsa Capital, responsible for acquisitions strategy, investor relations, and business development. An entrepreneur with a track record of founding and scaling companies from the ground up, William brings deep experience managing high-net-worth relationships and identifying opportunities others overlook. His interpersonal skills and flexibility to operate across markets make him the connective tissue between Auto Concierge's unmatched operational network and the investors who benefit from it. William is based in Los Angeles and leads all partner communications and deal origination outside the Auto Concierge pipeline.
Jack Shors brings strong financial and analytical expertise to Corsa Capital. He interned at Millennium Management, one of the world's leading multi-strategy hedge funds, gaining firsthand exposure to institutional investment analysis and commodities markets. He is currently an energy analyst working in natural gas and power markets, applying quantitative and market analysis to complex asset valuation. Jack leads the fund's financial modeling, return analysis, and investment underwriting, bringing that same analytical discipline to the collector car asset class.
Both models deploy $100 million into the same rare collector cars with the same 12% base case appreciation. The Corsa Capital fund structure delivers superior net returns through structural cost advantages that individual collectors cannot replicate.
A Corsa Capital investor receives a fully managed stake in a nine-figure collector car portfolio generating a 10.68% Net CAGR, outperforming a personal collection's 9.88% on the same $100M capital. The fund delivers $66.1M in net profit vs $60.1M personally, a $5.9M structural advantage, without use tax, without auction friction, and with a private sourcing pipeline unavailable to individual buyers.
Montana tax savings, lower dealer exit costs, and institutional-rate operations offset management fees and carry, meaning the fund structure is not just operationally superior. It is financially superior.
The following vehicles represent target acquisition vehicles. Five-year price series sourced from RM Sotheby's, Gooding & Co., Broad Arrow, Mecum, and Bonhams public auction records.
| Vehicle | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Ferrari Enzo | $3.0M | $3.5M | $6.2M | $5.8M | $6.5M | $9.3M | 25.4% |
| Porsche Carrera GT | $1.1M | $1.8M | $1.5M | $1.7M | $2.0M | $3.2M | 23.8% |
| Ferrari F50 | $3.8M | $4.5M | $5.5M | $6.5M | $7.8M | $8.8M | 19.6% |
| Ferrari F40 | $2.0M | $2.8M | $2.9M | $3.1M | $3.8M | $4.5M | 17.6% |
| Pagani Zonda | $5.0M | $6.0M | $7.2M | $8.5M | $10.0M | $11.5M | 18.9% |
| Porsche 918 Spyder | $1.4M | $1.6M | $1.8M | $2.0M | $2.2M | $2.6M | 13.2% |
| McLaren P1 | $1.5M | $1.8M | $2.0M | $2.2M | $2.5M | $3.0M | 13.6% |
| Mercedes-Benz CLK GTR | $8.5M | $9.5M | $10.5M | $11.8M | $13.5M | $15.0M | 12.3% |
| Aggregate Portfolio | $89.9M | $105.1M | $123.2M | $137.8M | $158.6M | $187.3M | 15.2% |
Source: RM Sotheby's, Gooding & Co., Broad Arrow, Mecum, Bonhams public auction results. CAGR calculated 2021–2025 (4 years). To be replaced with verified lot-specific citations prior to investor distribution. Past performance does not guarantee future results.
Corsa Capital is structured as a three-entity Delaware partnership, the same institutional framework used by leading alternative asset funds. Legal counsel provided by AirGC.
Investors subscribe for Limited Partnership interests and become LPs. The Fund takes legal title to all vehicles and holds the collection. This is the entity that raises capital, owns the cars, and distributes proceeds.
Controlled by the founding partners. Holds governance rights over the Fund and is entitled to the 20% Carried Interest on profits. Isolated in its own entity to wall off performance economics from operating liabilities.
Engaged under an Investment Management Agreement to source, acquire, maintain, and dispose of vehicles. Earns the 2% annual management fee. Kept separate from the GP to segregate fee streams and operating risk from the Carried Interest.
100% of exit proceeds returned to LPs until full capital contributions are recovered.
All profits above cost basis split 80% to LPs / 20% to GP. Performance measured at the Fund level, winners absorb underperformers across the whole portfolio.
No minimum return required before carry applies. Defensible given the unique asset class and the 15.2% verified gross CAGR of target vehicles.
Investors do not wire $100M on day one. Partners make a Commitment upfront, and the Fund issues Capital Calls as acquisition opportunities arise, drawing pro-rata portions as specific vehicles are secured.
Partner commits $3M+ to the Fund at close
Auto Concierge identifies acquisition target from private pipeline
Fund issues Capital Call, pro-rata draw from each investor
Vehicle acquired, titled to the Fund, stored at Auto Concierge Montana
Uncalled capital remains in investors' hands until needed, typically 6–9 months to fully deploy
Independent firm maintaining official books, processing Capital Calls, managing the investor register, and issuing quarterly statements. First thing institutional investors ask about.
Annual audit of Fund financial statements. Confirms integrity of reported values to all limited partners. Standard expectation for sophisticated HNW and institutional allocators.
Independent valuation supporting quarterly LP reporting. Critical for illiquid hard assets, provides credibility to marked values and protects carry calculations from investor challenge.
AirGC, former in-house fund counsel. Preparing the LPA, Subscription Agreement, IMA, and entity formation. All legal costs reimbursed by the Fund at first close.
Corsa Capital is currently in early discussions with a select group of qualified partners. Complete the form below and we will be in touch within 48 hours.