In recent years, Car Sharing has become an increasingly\npopular option for people who use their cars infrequently. Particularly in\nmetropolitan areas where you may not need to use your car every day, Car Sharing\ncan be a great way to offset the cost of owning a car. For people who don\u2019t\ndrive often Car Sharing gives you the opportunity to access to a car whenever\nyou need without actually owning one. <\/p>\n\n\n\n
What is Car\nSharing?<\/strong><\/p>\n\n\n\n Much like AirBnB, Car Sharing is a marketplace where a car\nis listed and can be rented by an individual for use for a period of time. There\nare two types of car sharing: Peer-to-Peer Car Sharing services such as Car Next Door<\/a> which allow you to\nrent an individual\u2019s car while they are not using it. <\/p>\n\n\n\n You can also use a subscription-based Car Sharing company\nsuch as GoGet<\/a>. where an organisation\nowns a fleet of cars and rents them out. <\/p>\n\n\n\n Car Sharing has many benefits, with a study from the Car Sharing Association<\/a> finding that for every\nshared car on the road, up to 13 cars are taken off the road which in turn\nimproves traffic and congestion. <\/p>\n\n\n\n How is Car Sharing\nDifferent to Car Rental?<\/strong><\/p>\n\n\n\n The most obvious difference between car sharing and car\nrental is that Car Sharing is most often a Peer to Peer service, where the\nvehicles are owned privately by individuals. Usually rental companies will have\na fleet that is centrally owned and subsequently rented out.<\/p>\n\n\n\n The cost structure is also different, with most Car Share\nplatforms charging per hour and kilometre, and Car Rental companies charging\nper day and kilometre. Often this works out so that car sharing platforms are\ncheaper for shorter trips, but it is cheaper to go through a car rental company\nif you are travelling a long distance or going on a longer trip. <\/p>\n\n\n\n Location is also a key difference. Mostly you can pick up a car\nfor rental at airports or other central locations, but with Car Sharing they\ncan be located all over the city, depending on where an individual has chosen\nto leave the vehicle.<\/p>\n\n\n\n Will Listing My Car\non a Car Sharing Platform Impact it\u2019s Value? \n<\/strong><\/p>\n\n\n\n If your car is going to depreciate over time anyway, why not\noffset the cost by putting it on a car sharing platform? It\u2019s not quite as\nsimple as that. There are a few things that you\u2019ll need to consider before\ndeciding if car sharing is right for your vehicle. <\/p>\n\n\n\n The more kilometres on your vehicle, the less it will be\nworth. If you list your vehicle on a Car Sharing platform it is likely it will\nbe driven more than if its sole use is private. How much this devalues the car\ndepends on a range of factors, including the age and make and model of the\nvehicle. <\/p>\n\n\n\n Whilst many Car Sharing platforms will offer their own insurance,\nyou\u2019ll need to calculate how this stacks up against your own insurance. Again,\nthe more the car is driven, the more likely damage is to occur, as well as an\nincrease in general wear and tear which has the potential to impact the resale\nvalue of your car. To combat this you might consider having your car serviced\nmore frequently \u2013 some Car Sharing platforms will even offer you discounts on\nservicing. <\/p>\n\n\n\n All these factors considered, car sharing can be a great way\nto offset the cost of owning a vehicle if you use it infrequently. Use Prices People Pay<\/a> to work out the\ncost of buying a used car, and then calculate the cost of your insurance and\nusage on top. <\/p>\n","excerpt":"\nIn recent years, Car Sharing has become an increasingly\npopular option for people who use their cars infrequently. Particularly in\nmetropolitan areas where you may not need \u2026","category":"Knowledge","link":"https:\/\/pricespeoplepay.com.au\/blog\/what-is-car-sharing\/","image":"https:\/\/pricespeoplepay.com.au\/blog\/wp-content\/uploads\/2019\/12\/aerial-view-of-parking-lot-2402235.jpg","author":"Emily Savage","categories_list":"Knowledge<\/a>"}