Friday, August 25, 2017

DriveShare Aims to Encourage Vintage Car Ownership

Inventors are continually innovating and making the world a better place. Some of their innovations include new medications or life-saving devices. Other inventions are to make life easier or more convenient, or just to allow people to have more fun. No matter how you look at it, though, most people would agree that technological growth has given people access to everything they might ever need. There's food delivery, transportation, short-term housing, and car rental, all available through apps on your cell phone. Now, Charles Fleming's L.A. Times article points out, there's even an online service designed specifically for lovers of vintage cars.

Airbnb, one of the most popular apps on the market, makes billions of dollars per year in revenue, by facilitating the rental of homes and apartments on a short-term basis. Apps like Getaround and Turo allow users to rent cars owned by other users in order to get around, but some users are looking for different styles of cars not usually offered by those ride-sharing apps. To address that demand, a group of innovators created an online service, dubbed “the Airbnb of classic cars,” called DriveShare, which allows users to rent (or rent out) vintage and classic cars.

Vintage cars are one of those commodities that just gain popularity as the years go on. In the modern day, where vehicles tend to be made of cheaper materials, with more electronic bells and whistles, some drivers prefer the experience of a sturdy, solid metal, classic car. They like the way they run, they like the way they look, and they especially enjoy how much more durable classic cars tend to be. Eventually, at some point in the future, "classic cars" won't be a thing anymore, because many of them are over 40 years old and only last so long, but for now, this business seems to be working.

The company was founded by a merger between a rental company called Classics&Exotics and one of the nation's largest vintage car insurance companies, Hagerty. The merger allowed for the company to gain access to a database of a million vintage vehicles, with around 300 types of car to choose from. The rental prices range from $99 to $3,300 per day for Porches to Lamborghinis and everything in between. According to the founders, this service has two goals: to give people the experience of driving a vintage car, to help them see if they might want to buy one themselves; and to help vintage car owners somewhat subsidize the cost of their vintage car by renting it out on a day-to-day basis. Both goals point toward one thing: the innovators who created DriveShare really seem to want people to have every opportunity to drive, or even own, a vintage car.

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