People are starting to think of cars as financial and social opportunities, not depreciating assets
(PRWEB) October 21, 2010
WhipCar (http://www.WhipCar.com), the world’s first neighbour-to-neighbour car rental service has just announced its 1,000th car on the service. Compared to leading UK car clubs which took approximately six years to achieve a similar scale, it has taken WhipCar only six months, making WhipCar the world’s fastest-growing car club.
By enabling private car owners to rent out their cars for the first time, WhipCar has created the country’s only and broadest virtual rental car fleet with over 40 different makes of car available to rent across 450 towns and cities in the UK - meaning to rent a car in Manchester or hire a car in Brighton has never been so easy. In areas where WhipCar now has cars available, it tends to be the closest, lowest cost and most convenient option for anyone looking to rent a car.
Vinay Gupta, founder of WhipCar comments on the growth of the service: “We are very excited and encouraged by what we’ve seen so far. Cars should be things that are available when you need them whilst paying their own way when you don’t. People are starting to think of cars as financial and social opportunities not depreciating assets.”
Research has shown that the average car in the UK costs over £5,000 per year to own and maintain, and is used on average only an hour a day.
Tom Wright, founder of WhipCar says: “With WhipCar, a private car owner can make money whenever they are not using their car easing the burden of the traditional ownership model. Several members have already made over £1,000 since the service first launched in April and scores are earning hundreds of pounds per month. We expect WhipCar to be the most convenient, affordable and flexible transport option, especially for anyone who drives between 1,000 and 6,000 miles per year. Fast forward a few years and we want to see a WhipCar within striking distance on every street in the UK.”
WhipCar is the world’s first peer to peer car rental service that enables private car owners to rent out their cars for money to safe, eligible drivers looking for a close, convenient and affordable way to rent them. The service, which is free to join, notifies owners by text and email when there is an approved driver in their area who wants to use their car. All cars and drivers are vetted and screened by WhipCar before a booking is completed, and each journey is fully insured through a comprehensive insurance package (through Lloyd’s of London) that temporarily replaces the owner’s existing insurance for the duration of hire.
For more information, please contact Alice Huang, +44 207 631 3422, pr(at)whipcar(dot)com