Car owners who get their vehicles to pay for themselves – by renting them out

28 Jun 2015 | Author: | No comments yet »

Car owners who get their vehicles to pay for themselves – by renting them out.

You might have lent your lawnmower to your neighbour, or even let people you don’t know stay in your house via Airbnb. Under the program, customers who finance their vehicles through Ford Motor Credit will be able to rent their vehicle to pre-screened drivers for short-term use, helping to defray some monthly vehicle ownership costs. “As most vehicles are parked and out of use much of the time, this can help us gauge our customers’ desires to pick up extra cash and keep their vehicles in use,” David McClelland, Ford Credit vice president of marketing, said in a written statement.For owners, they can list your auto and the times it’s available or sitting unused, hand over the keys when a driver arrives, then share a cut of the profits when it is rented out.

So Ford is also testing a “multi-modal” mobility solution called MoDe:Flex that includes a reconfigurable electric bike that charges while stored in the vehicle and an app that helps identify the most efficient and cost-effective mode of transportation for a trip. A century later, the company he founded is preparing for a world where congestion demands other alternatives, including bikes, apps, public transportation and car sharing. “It can make a material difference in people’s lives by offering more choices and affordable and accessible mobility even if it is not a car,” said Ken Washington, Ford’s new head of research and advanced engineering. The program is being offered through November to Ford Credit customers in Chicago, Washington D.C., Portland, Oregon and California locations including Berkeley, Oakland and San Francisco.

The automaker last month announced a similar on-demand pilot called GoDrive in London. “The bike folds and stores inside any Ford vehicle – where it can be charged while stowed”. This year, an estimated 14,000 Ford customers will be offered the opportunity to share their vehicle when they’re not using it through the Getaround app, potentially earning enough to cover its entire monthly payment by doing so.

Ford announced Tuesday they’d be rolling out the pilot program in six cities in the U.S. (Chicago, Portland, Washington, D.C., San Francisco, Oakland, and Berkeley) and London, as well. This will mean that the market is expected to be worth 7.3 billion euros ($8.2 billion) in 2020, with the most optimistic view placing its value at 10.8 billion euros ($12.1 billion). The idea behind the club is that people who might otherwise leave their car sitting on their driveway because, for example, they are at work, can make some money by hiring it out.

PALO ALTO, Calif./DETROIT Ford Motor Co said on Tuesday it will expand automated safety technology across its global vehicle lineup over the next five years. Sensors attached to 12 bikes in Palo Alto and Dearborn gathered data on cycling patterns and conditions, creating a unique map of the city for cyclists, showing routes popular for offering shade or to be avoided due to potholes and poor lighting. Meghan Murray, Getaround’s head of community, told Fast Company, “This is the first time we’ve entered into a partnership with an OEM at this level.

The transfer elevates a low-key analysis effort to a better-profile superior engineering undertaking, and alerts chief government Mark Fields’ intent to speed up Ford’s presence within the space. At the moment easyCar is the only company that allows you to rent out your own car, since its only other would-be rival, Whip Car, shut up shop in 2013.

From a company-wide contest came a trio of electric-assist bikes: the MoDe:Me personal commuter; MoDe:Flex enthusiast bike and the MoDe:Pro for commercial use like food delivery. A third of millennials are interested in renting out their own belongings to supplement their income, according to independent researchers Penn Schoen Berland. For your car (Ford or otherwise) to qualify on easyCar it needs to be 10 years old or less, be worth under £25,000, and have fewer than 120,000 miles on the clock. Car owners mark the hours, days, or multiple days they can offer their vehicles up for use with Getaround, which also offers insurance policies and roadside support.

Branson, wearing cruise attire during the announcement last week, said the company would aim to provide customers an “intimate” and “Virgin-like” experience. The electric assist ensures you don’t get too sweaty on the trip, can handle hills and safety cross busy intersections or roundabouts, said Tom Thompson, a powertrain engineer in the U.K. and one of the inventors. But when Henry Ford was marketing the Model-T, there were very few roads, and those that existed were small more than rut-filled trails. (You got that right, at least.). The car is covered by easyCar’s insurance (underwritten by Zenith), which replaces your standard policy for the period of the rental and means you don’t need to involve your existing insurer in the arrangement.

The recall is to cover 182,520 cars in the United States and federalized territories as well as 18,226 cars in Canada and 2,699 in Mexico. “This technology enables us to quickly create automotive-grade parts for product design prototypes – and perhaps even production parts – faster than ever before, so we can deliver new vehicles to customer even sooner”, Nair added. He said Fincantieri will build three midsize vessels to be delivered in 2020, 2021 and 2022, with 1,430 cabins to accommodate more than 2,800 guests. © Copyright 2015 The Journal Gazette.

In an emailed statement, Ford said they benefit from the partnership both by getting potential customers to try Ford vehicles, and from firsthand experience about “consumer interest and usage of peer-to-peer vehicle rentals.” He charges £27 for a day’s hire and estimates he has made £1,500 so far. “I was a bit worried about damage to the car when I first started renting it, but I was considering getting rid of it anyway,” he says. “In fact, there have been no incidents at all, and I am making a lot more money than I imagined.” A survey of rental car users by Enterprise which has the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands, found renters need a car for daily tasks, 27% say it prompted them to shop for a new car and two thirds changed their perception of a certain model and considered purchasing a specific nameplate based on the make of their rental car. “This research reinforces our belief that every car rental is an extended test drive,” said Kurt Kohler, senior vice president, fleet, Enterprise Holdings. Another program is GoDrive, a public car-sharing pilot that offers one-way car rentals with Focus Electric cars and guaranteed parking in London where spots are elusive. Parking is increasingly a problem which led to a number of experiments that mine data to help drivers park and pay and help cities understand parking patterns and needs, said Dave McCreadie who works on electric vehicle infrastructure and the smart grid. “Parking spotter” uses sensors on cars to find spots and feed the data to a cloud-based system.

Another project produced the “painless parking” app that tells you if the spot you find is legal — cities like London change the rules for spots over the course of the day — while offering a seamless way to pay for it. A shared van service for test customers in New York and London offers a guaranteed seat, fare, travel time and Wi-Fi from virtual stops across the city. Dave Hatton, global product manager, is working on an update of the MyFord moble app for release this summer to be used with the smartwatch to monitor a Ford electric vehicle. Apple or Android watches can use the app to check charge status, look for available charging stations, trip info, remote start your car, check tire pressure and alert you to move your fully charged car so you don’t pay a penalty for overstaying.

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