Relay Rides offers drivers the ability to access cars when they need them as well as an easy way for car owners to derive rental income from making their cars available for short-term hire.
Neighbors that need access to cars register on the Relay Rides web site. If their driving records indicate that they are safe drivers, they are cleared to rent cars. Members search online for nearby vehicles shortly before they are needed: 85% of reservations are made within two hours of using the cars. Cars are available for as little as $5 an hour which includes gas and insurance.
RelayRides installs a device into its members’ cars that disables the ignition. Unless the driver has a Relay Rides’ issued member security card that has been cleared for rental of the particular car, they will not be able to start the car. However, in 2012, through an alliance with OnStar, members will be able to remotely unlock car doors from their smart phones.
Car owners wishing to derive income from their rapidly depreciating mobile assets, list their vehicles through relay rides. Relay Rides verifies that the vehicle has passed required safety inspections.
Some recent state laws should help Relay Rides roll out its car sharing services. For instance, a California law that went into effect in January 2011 allows private car owners to rent their vehicles without being liable for accidents or other events that might happen during a rental. It is important to note, however, that Relay Rides operates successfully in Boston without the aid of such legislation.Spontaneous Mobility,