Type Private | Headquarters Sydney, Australia | |
Industry Car sharing, Peer-to-peer car rental, Collaborative consumption Founded 2012 (2012)
Sydney, NSW, Founder Will Davies and David Trumbull Area served Sydney (expanding to Australia) | ||
Car Next Door is an Australian company that facilitates peer-to-peer car rental, a system by which individuals may rent privately owned vehicles on an hourly or daily basis to other registered users of the service. Peer-to-peer car rental is an example of ″collaborative consumption″, where skills and assets are shared or traded between neighbours for sustainability and economic benefit. It currently operates in Sydney, Australia, and Melbourne, Australia, and has announced plans to expand to other Australian cities and airports in 2016.
How it works
The company addresses the lack of trust and lack of ease that would otherwise discourage people from sharing their cars with others, by:
New car owners receive 50% or 75% of the time-based fee and 75% of the km fee. They can book their car for free and at other times, the car must be available for roughly 50% of the weekdays and 50% of the weekends, or a penalty may be charged to the owner. Owners do not choose who can use their vehicle beyond selecting whether a driver is 21 or older, 25 or older etc. (as per the CTP greenslip requirements), though they can request that a driver is banned. The site manages toll fees and charges these back to the owner each month. Drivers are able to purchase fuel with a fuel card and this is charged back to the owner each month. Monthly administration costs are also charged each month (which include fully comprehensive car insurance, and roadside assist). All these costs are then deducted from any earnings each month, with any positive remaining balance being transferred to the car owner's bank account.