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“I Rent My Car Out”: Sydney Neighbour-To-Neighbour Car Share Startup Logs 1,000 Bookings, Announces Expansion

A Sydney car share startup that lets me rent my car to neighbours, Car Next Door, has logged over 1,000 bookings during its nine-month pilot phase and is set to expand throughout inner-city Sydney.


Neighbour-to-neighbour car share scheme is the first in Australia to enable people to rent their car out on a short-term basis.
Car Next Door CEO Will Davies said that the platform turned privately-owned vehicles into share vehicles.
“I can rent my car out to other members by the hour or day. It helps offset the fixed costs of owning it,” said Mr. Davies.
“For example, I can rent my car out instead of just leaving it idle while I’m at work.”
Mr Davies said that the company had spent nearly a year perfecting its technology and systems in a Sydney pilot, and was set to launch throughout central Sydney from September.
“We’ve shown that it works, and that there is strong demand in Sydney for a cheaper, greener and more community-focused alternative to existing car share operators.”
“We’re up to 40 per cent cheaper, we can make more vehicles available, and we provide better customer service.”
Mr. Davies says that technology is a key factor in making the scheme work. 
“If I’m going to rent my car out, or rent my neighbour’s car, it has to be easy, safe and convenient,” he said.
“With our platform, if I want to rent my car out I can just leave it where it’s normally parked. Borrowers look online for a vehicle near them, and book it. They can locate the car on a map from their phone, go to it, and drive – there’s no need to meet or exchange keys.”
Mr Davies said that the company was recruiting car owners in more Sydney suburbs.
“We need to get people comfortable with the idea that “Yes, I can rent my car out safely and still have it available when I need to drive.”
“Having the right insurance, screening members and having a user rating system have been critical for building trust.”
Mr Davies said that security was a threshold issue.
“I don’t want to be out of pocket if I rent my car to someone and they damage it.”
“That’s why we’ve got comprehensive insurance that covers anyone driving the car.”
“We also have strict standards that both owners and borrowers have to meet.”

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