Dear All,
I currently run a tour business to get International guests to travel to Malaysia,
Among our potential guests, some will inquire about renting a car instead.
So I am toying the idea now of using sharing economy concept to rent out private owned cars to tourists , ( like Uber but to rent out cars )
Of course , the challenge i foresee are the insurance (car theft ) , wear and tear etc
To resolve this, I am thinking :
1) Day insurance that covers accidents/theft that car owners can buy
2) Device that Tracks the car location, acceleration/deceleration to ascertain wear and tear and potential theft
3) build a community of respect (like airbnb) between car owners and car renters , to instill trust and respect
Will you rent out your cars if the above are executed properly?
let's say you can get 100 - 300 myr a day depending on car model.
Appreciate your input.
Longan.
Potential Disruption to Car Rental Industry