Text provided by iCarsclub
After the release of the MAS 2013 Budget regarding the strict loan rules and high price that involve in buying a car in Singapore now. For people who really need a car, such as those with children, elderly or those who need a car for their business, buying a car could all be a faraway dream. There are some who will turn to car rental services, however these services often require collection at a far away location and are costly by nature. For those who already own a car, besides being required to pay a hefty sum of installment, the other cost such as ERP, road tax and parking charges that comes with a car often weights you down.
iCarsclub, a new startup in Singapore provides a solution for both car owners and car drivers. It is an peer to peer car sharing marketplace that matches car owners and car drivers, providing a chance for car owners to rent out vehicles when it is not in use to drivers who need to drive.
Car owners who rent out their car are able to earn up to $12,000 each year. Cars are protected during rental, as all renters are required to purchase an insurance premium. All cars are required to install the iCarbox, a GPS tracking device that also allows keyless entry to the vehicle during rental as part of the registration process. Car owners can also enjoy flexibility by setting their own rates, listing free car time and decide whom they wish to rent to.
Car renters can rent cars at a pay per use basis at rates 40% cheaper then traditional car rental services. Furthermore, iCarsclub focus on the concept of hype-locality, which means cars are spread out across the island for peer to peer car sharing, this eliminates the problem of car collection at fixed locations as rental companies. Additionally, there is a wider variety of cars for different occasion and lifestyle available compared to car rental since the fleet is contributed via peer to peer car sharing. Not to mention, all cars are well taken care of by their owners; this ensures a comfortable ride for all renters.
Research have also shown that for every car shared, the 6 to 33 cars are taken off the road and 40% less green house gases is emitted. “We aim to reduce the number of cars and provide a more sustainable transportation for Singapore”, said Jamie Wang, co-founder of iCarsclub. Indeed peer to peer car sharing could be the missing puzzle piece for the Singapore transport problem.
Find out and register in iCarsclub here. For a limited time only, iCarsclub is having a promotion for all car owners. There is no charge for the iCarbox installation (Usual price $100) and all iCarowners are entitled to a 20% fuel discount card when they top-up at ESSO, the highest discount available in Singapore.