A car rental, hire car, or car hire agency is a company that rents automobiles for short periods of time to the public, generally ranging from a few hours to a few weeks.
ROUND-TRIP CARSHARING Members begin and end their trip at the same location, often paying by the hour, mile, or both.
ONE-WAY CARSHARING It enables users to begin and end their trip at different locations through free floating zones or station-based models with designated parking locations.
CORPORATE CARSHARING The company shares the vehicles and allows multiple employees to make use of a company car, at times when they actually need it.
PEER-TO-PEER CARSHARING It sometimes referred to as P2P or Personal Vehicle Sharing, operates similarly to round-trip carsharing in trip and payment type.
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Difference From Traditional Car Rentals
Carsharing differs from traditional car rentals in the following ways:
Carsharing is not limited by office hours.
Reservation, pickup, and return is all self-service.
Vehicles can be rented by the minute, by the hour, as well as by the day.
Users are members and have been pre-approved to drive (background driving checks have been performed and a payment mechanism has been established).
Vehicle locations are distributed throughout the service area, and often located for access by public transport.
Insurance: (this section is US specific) state minimum liability insurance (only $5000 in some states), comprehensive and collision insurance. They do not provide uninsured, under-insured or personal injury protection insurance.
Fuel costs are included in the rates.
Vehicles are not serviced (cleaning, fueling) after each use, although certain programs (such as Car2Go or GoGet) continuously clean and fuel their fleet.
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