Peer-to-peer carsharing: Difference between revisions
Removing recently added section "Companies Facilitating P2P Carshare" since it is already just being used for promotional purposes. |
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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%<ref>[http://support.relayrides.com/entries/21078886-What-will-I-earn-How-do-I-get-paid- What will I earn? How do I get paid? : RelayRides Support<!-- Bot generated title -->]</ref> and 40%<ref>[http://www.getaround.com/tour/experience Getaround - Peer-to-peer car sharing and local car rental<!-- Bot generated title -->]</ref> of the total income, which covers borrower/renter insurance, operating expenses, and roadside assistance. |
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%<ref>[http://support.relayrides.com/entries/21078886-What-will-I-earn-How-do-I-get-paid- What will I earn? How do I get paid? : RelayRides Support<!-- Bot generated title -->]</ref> and 40%<ref>[http://www.getaround.com/tour/experience Getaround - Peer-to-peer car sharing and local car rental<!-- Bot generated title -->]</ref> of the total income, which covers borrower/renter insurance, operating expenses, and roadside assistance. |
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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,<ref>[http://www.irmi.com/online/prmi/ch006/1l06j000/al6j1400.aspx International Risk Management Institute - Personal Vehicle Sharing Program Exclusion Endorsement]</ref> several states in the U.S. have passed legislation allowing individuals to share their cars without risk of losing their personal car insurance.<ref>[http://www.shareable.net/blog/californias-p2p-car-sharing-bill-signed-into-law California's P2P Car-sharing Bill Signed Into Law - Shareable<!-- Bot generated title -->]</ref> |
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,<ref>[http://www.irmi.com/online/prmi/ch006/1l06j000/al6j1400.aspx International Risk Management Institute - Personal Vehicle Sharing Program Exclusion Endorsement]</ref> several states in the U.S. have passed legislation allowing individuals to share their cars without risk of losing their personal car insurance.<ref>[http://www.shareable.net/blog/californias-p2p-car-sharing-bill-signed-into-law California's P2P Car-sharing Bill Signed Into Law - Shareable<!-- Bot generated title -->]</ref> These include California, Oregon, Washington, and Maryland.<ref>[https://www.forbes.com/sites/christopherelliott/2018/10/13/the-war-between-car-sharing-and-rental-companies-just-escalated-heres-why-you-should-care/# The War Between Car Sharing And Rental Companies Just Escalated. Here's Why You Should Care]</ref> |
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As with person-to-person lending, the Internet and the adoption of [[location-based service]]s have contributed to the growth of peer-to-peer carsharing. |
As with person-to-person lending, the Internet and the adoption of [[location-based service]]s have contributed to the growth of peer-to-peer carsharing. |
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Revision as of 20:32, 27 February 2019
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
- ^ What will I earn? How do I get paid? : RelayRides Support
- ^ Getaround - Peer-to-peer car sharing and local car rental
- ^ International Risk Management Institute - Personal Vehicle Sharing Program Exclusion Endorsement
- ^ California's P2P Car-sharing Bill Signed Into Law - Shareable
- ^ The War Between Car Sharing And Rental Companies Just Escalated. Here's Why You Should Care