The world’s first neighbour-to-neighbour car rental service is set to come to London.
For the first time, private owners will able to rent out their cars to random strangers, in a completely safe and convenient way. Sound odd? We thought so too, but the new service from WhipCar.com launches in London this month and will help motorists get more out of their cars.
The idea works much in the same way as a car club, except that it is private car owners who allow their cars by the hour. Motorists wanting to make some money out of their cars can advertise their vehicle as available to hire during certain times of the day/days. People who want hire a car, can access the website and search for nearby suitable cars, providing that both parties pass the necessary security checks through the website, the car owner is notified by text and email when there is an approved driver in their area who wants to use their car.
According to the DVLA, the UK currently has 29 million registered passenger cars on the road, many of which are used for less than an hour a day according to research and come at an average cost of £5,523 per year to own. For owners whose cars meet a set of safety criteria, the WhipCar service creates an opportunity to generate income from renting out their car when it is not in use. Owners have complete control of the price and timing of rentals and all drivers are vetted.
Vinay Gupta, Founder of WhipCar commented on the launch: "The cost of owning a car and the amount of time it’s left unused, makes it a person’s most valuable idle asset. Our research has shown that there are many people who would be happy to pay for car rental services if they could be delivered locally. Putting the two together, we recognised this as an untapped opportunity to provide a new peer-to-peer service which links excess car capacity to potential renters. Simply put, WhipCar enables car owners to put their cars to work, and for those in need of a car, they can literally rent the car next door."
It takes just a few minutes to join the website (for both owner and driver) and it is free to register. All cars and drivers are screened by the website before a booking is completed, and each journey is fully insured through a comprehensive insurance package that temporarily replaces the owner’s existing insurance for the duration of hire.
For more information, check out WhipCar.com







