Originally Posted by
pedex
No it fails assuming the driver using MY car is going to get a discount on the lease.
Now you claim you want cheaper transportation AND car owners to subsidize it and The "app" is somehow going to create arbitrage where there isn't any. Again it fails. Now how does cheaper transportation encourage less cars on the road without altering the per trip load utilization of the vehicles? It can't. That's just basic economics and straight logic.
Looking at the cost estimate he made, and I believe there are some additions where some subtractions should be. If you rent a car for $10.00 an hour and pay someone to drive it $18.00 and hour you have a negative profit of $8.00 an hour. Unless you charge more than $18.00 an hour. That is not a money making deal. A quick check of the competition would indicate you need to lower the prices even more.
https://www.zipcar.com/
as far as insurance goes anyone that has ever tried to add family members to car insurance knows anyone under 25 drives the rate through the roof.
If it is a business you need a license and just maybe high medical coverage on the medical portion of the car policy.
The conspiracy rears its its ugly head. Just imagine submitting this business plan to a bank?