Short Term Car Rentals

Written by Greg on January 31, 2013

The newest alternative to monthly car payments is the growing practice of ‘car-sharing’ (known in some areas as ‘car clubs’). If you know anything about ‘time-share’ properties – then you should be able to apply that concept to the vehicle industry.

Car-sharing is a ‘form’ of car rental – except that people may rent a car for as minimal a time-frame as an hour. The statistics are impressive.

*More than one thousand cities globally offer car sharing services.

*The most well-known car rental companies recognize this is a phenomenon that is not going away – including Hertz, Enterprise, UHaul and Avis – and so they have introduced their own car sharing services.

*Certain vehicle manufacturers recognize the sustainability of the car-sharing market long-term and have introduced their own car-sharing services to their current slate of purchase and rental options including Daimler and BMW. All major manufacturers are expected to follow suit in the near future.

*Some of the more well-known and popular car-sharing companies include Autolib’, Avancar, Car2Go, Drivenow, , City Car Club, Greenwheels, Ibilek, Respiro, Stadtmobil, and Zipcar.

*Figures compiled in December 2012 reveal there were an estimated 1.7 million car-sharing members in 27 countries. Car sharing services may even take the form of peer-to-peer.

*There are over 800,000 car sharing individuals in the U.S.

*Zipcar is the most recognizable of these companies with 11,000 cars nationwide.

With all the innovations to the auto industry – it’s apparent the future of driving will surely look very different in less than a decade.

Posted Under: Consumer Information

Giving Back to The Community

We are committed to supporting our community
Baumgartner Scholarship
See All Practice Areas Meet Attorney Greg Baumgartner See Previous Case Results Read Client Reviews & Testimonials Read Our Blog Contact Us