Peer-to-peer carsharing

Peer-to-peer carsharing (also known as person-to-person carsharing and peer-to-peer car rental) is the process whereby existing car owners make their vehicles available for others to rent for short periods of time.

Peer-to-peer carsharing is a form of person-to-person lending or collaborative consumption, as part of the sharing economy. The business model is closely aligned with traditional car clubs such as Streetcar or Zipcar, but replaces a typical fleet with a ‘virtual’ fleet made up of vehicles from participating owners. With peer-to-peer carsharing, participating car owners are able to charge a fee to rent out their vehicles when they are not using them. Participating renters can access nearby and affordable vehicles and pay only for the time they need to use them.

Businesses within this sector screen participants (both owners and renters) and offer a technical platform, usually in the form of a website and mobile app, that brings these parties together, manages rental bookings and collects payment. Businesses take between 25%[1] and 40%[2] of the total income, which covers borrower/renter insurance, operating expenses, and roadside assistance.

Although many personal auto insurers in the U.S. exclude coverage for commercial use of insured vehicles either through a livery and public transportation exclusion or a specific "personal vehicle sharing program" exclusion,[3] several states in the U.S. have passed legislation allowing individuals to share their cars without risk of losing their personal car insurance.[4] These include California, Oregon, Washington, and Maryland.[5]

As with person-to-person lending, the Internet and the adoption of location-based services have contributed to the growth of peer-to-peer carsharing.

See also

Notes and references

  1. ^ What will I earn? How do I get paid? : RelayRides Support
  2. ^ Getaround - Peer-to-peer car sharing and local car rental
  3. ^ International Risk Management Institute - Personal Vehicle Sharing Program Exclusion Endorsement
  4. ^ California's P2P Car-sharing Bill Signed Into Law - Shareable
  5. ^ The War Between Car Sharing And Rental Companies Just Escalated. Here's Why You Should Care
Carsharing

Carsharing or car sharing (AU, NZ, CA, & US) or car clubs (UK) is a model of car rental where people rent cars for short periods of time, often by the hour. It differs from traditional car rental in that the owners of the cars are often private individuals themselves, and the carsharing facilitator is generally distinct from the car owner. Carsharing is part of a larger trend of shared mobility.

Carsharing enables an occasional use of a vehicle or access to different brands of vehicles. The renting organization may be a commercial business. Users can also organize as a company, public agency, cooperative, or ad hoc grouping.

Clothing swap

A clothing swap is a type of swapmeet wherein participants exchange their valued but no longer used clothing for clothing they will use. Clothing swaps are considered not only a good way to refill one's wardrobe, but also are considered an act of environmentalism. It is also used to get rid of and obtain specialist clothing. Cloth swap can be specialized - they can cater for example for clothes swaps only for high end brands.

ElsiePic

ElsiePic is a mobile application which is effectively the Uber by which people can help you take a photograph of you and your friends. It is co-founded by Tatiana Cooke.By using the application, one can search photographers in the nearby-area whom they can hire much like Uber.

Freecycling

Freecycling, or free recycling, is the act of giving away usable unwanted items to others instead of disposing of them in landfills. This term is most often associated with online groups who run mailing lists which offer items to members at no cost.

For a period The Freecycle Network claimed they held a trademark on the word "Freecycle" and claimed the term freecycling to be a violation of their trademark rights. However they lost this claim – and rights to the "Freecycle" trademark – in United States federal court in November 2010. In her ruling Judge Callahan stated unequivocally that "Beal did not coin the word “freecycle” and TFN is not the first organization to promote freecycling" and that "even ... viewing the evidence in the light most favorable to TFN ... [they] engaged in naked licensing and consequently abandoned the trademarks."

Getaround

Getaround is an online car sharing or peer-to-peer carsharing service that allows drivers to rent cars from private car owners, and owners to rent out their cars for payment.Getaround launched to the public in May 2011 at the TechCrunch Disrupt conference. The company operates in Boston, Chicago, San Francisco Bay Area, New Jersey, Portland, Seattle, Philadelphia, Miami, Atlanta, San Diego, Los Angeles, Denver, and Washington D.C.

Jessica Scorpio

Jessica Scorpio (born 1987) is a founder and Director of Marketing at Getaround, a peer-to-peer carsharing company. Scorpio previously founded IDEAL, a not-for-profit network for entrepreneurs and young leaders.

JustShareIt

JustShareIt was a peer-to-peer car rental and car sharing marketplace. It allowed individuals to rent vehicles directly from individual car owners or car sharing companies in local neighborhood locations. JustShareIt launched on January 5, 2012. It was acquired by Fox Rent a Car in March, 2017.

List of carsharing organizations

This is an incomplete list of currently operating carsharing organizations. Carsharing is model of car rental where people rent cars for short periods of time, often by the hour.

Mennonite Your Way

Mennonite Your Way (MYW) is a hospitality service that caters to Mennonites. Like all hospitality services, it is an example of collaborative consumption and sharing.

Open admissions

Open admissions, or open enrollment, is a type of unselective and noncompetitive college admissions process in the United States in which the only criterion for entrance is a high school diploma or a certificate of attendance or General Educational Development (GED) certificate.

Open university

An open university is a university with an open-door academic policy, with minimal or no entry requirements. Open universities may employ specific teaching methods, such as open supported learning or distance education. However, not all open universities focus on distance education, nor do distance-education universities necessarily have open admission policies.

Peer-to-peer renting

Peer-to-peer renting refers to the process of an individual renting an owned good, service, or property to another individual. It is also referred to as Person-to-Person rental, P2P renting, Collaborative Consumption, the sharing economy and Product Service System. The term is mainly used to describe online enabled rental transactions between individuals.

Peer-to-peer ridesharing

Peer-to-peer ridesharing can be divided along the spectrum from commercial, for-fee transportation network companies (TNC) to for-profit ridesharing services to informal nonprofit peer-to-peer carpooling arrangements. The term transportation network company comes from a 2013 California Public Utilities Commission ruling that decided to make the TNC revenue model legal.Essentially all modern peer-to-peer ridesharing schemes rely on web application and mobile app technology.

RideLink

RideLink was a peer to peer carsharing platform, where people hire cars from other people around their community. Launched in 2015, RideLink is a carsharing platform in the United Kingdom while actively expanding in Spain and Germany. All rentals under RideLink are insured by Allianz.

Turo (car rental)

Turo, formerly RelayRides, is a peer-to-peer carsharing company. The company allows private car owners to rent out their vehicles via an online and mobile interface. In 2017, according to Turo, four million users had registered to use the service and 170,000 privately owned cars were available for rental. The company is based in San Francisco. From 2013 to 2014, RelayRides (as Turo was known then) was the subject of an investigation in New York over violations of state vehicle insurance law that resulted in $200,000 in fines.

Vinted

Vinted is an online marketplace and community that allows its users to sell, buy, and swap secondhand clothing items and accessories.

Wingly (company)

Wingly is a company which runs a flightsharing platform. Using the platform, recreational pilots may offer passengers seats on their flights from aerodromes by charging each passenger a share of the operational expenses of the flight. Often, the price of a shared flight may be less than on a comparable commercial flight service.The service has been compared to Uber and Airbnb. Flights are insured by Allianz.

Yourdrive

Yourdrive is a New Zealand peer-to-peer carsharing company. It facilitates a system in which individuals may rent their privately owned vehicles on an hourly, daily or weekly basis to other registered users of the service. Owners set their rental prices and earn a 60 percent commission from the rental revenue. It currently operates in throughout New Zealand with vehicles in Auckland, Hamilton, Palmerston North, Wellington, Christchurch, Dunedin.

New Zealand rental car firm JUCY purchased 50% of the company in 2016Peer-to-peer carsharing is an example of collaborative consumption, where assets and skills are shared or traded between neighbours for sustainability and economic benefit. Although car sharing is relatively new in New Zealand it is an area that is being encouraged due to the environmental and economic benefits. Auckland Transport is promoting a scheme that would drastically increase the number of car sharing vehicles.

Companies
Concepts

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