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Peer-to-peer carsharing is a form of person-to-person lending or collaborative consumption, as part of the sharing economy. [1] The business model is closely aligned with traditional car clubs such as Streetcar or Zipcar (est. in 2000), [2] but replaces a typical fleet with a ‘virtual’ fleet made up of vehicles from participating owners. [3]
Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.
The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree to the condition that the car will only be used for personal use. The term rental agreement can refer to two kinds of leases: A lease in which the asset is tangible property. [3]
Turo is an app that allows people to rent out their cars to other drivers. The app was used to rent the vehicles used in two deadly incidents on New Year's Day. Since it was founded in 2009, it ...
The app matches “guests,” or users, with people looking to rent out their car for extra income. As opposed to a traditional car rental experience, Turo lets users skip the line at the airport ...
Peer-to-peer car rental app Turo is in the spotlight after it confirmed the two vehicles used in deadly New Year's Day attacks in Las Vegas and New Orleans were rented on its platform. Turo said ...
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