Summary:
EasyJet founder Sir Stelios Haji-Joannou and lastminute.com founder Brent Hoberman are teaming up for a car club venture. The initiative will allow people to rent their neighbours’ car when they are not using it. According to Haji-Joannou, the rental prices will be decided by the car owners and will be more affordable than ordinary ones. On its side, EasyCar will reduce its costs by putting lazy capital to work but will have to ensure the vehicles with tracking systems. According to Hoberman, with businesses and households struggling to make ends meet, this thrifty alternative will be likely to succeed.
I think this is a brilliant idea because many cars are being unused in parking lots because their owners are away. Also, as Hoberman says, with the financial crisis everyone is looking for good deals and trying to make the most of their money so I think this new car hire system is likely to be successful. Also, with this initiative everyone will win because the people who rent the car will save money and those who lend their car will have a new source of income. I do believe that since owners decide the renting prince and Easycar guarantees their car is safe, many car owners will be willing to lend their cars for rental.
I agree that this is a good idea. Although it might be very riskful to lend out your car to other people. It does not really feel safe when you are away on holiday and other people are driving in your car, but maybe this is something you need to get used to.
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