The Definitive Guide To Carsharing

The Definitive Guide To Carsharing

A guide explaining the benefits and drawbacks of carsharing and comparing four popular carsharing companies.

Key findings

"Carsharing is like a simplified, short-term car rental service. You reserve a vehicle for the times you need it, unlock it with a membership card and drive off."

Most carsharing companies "allow you to pay by the hour or the day, or pre-pay for a certain number of driving hours each month. Gas and insurance costs are typically included, but the insurance may not offer as much coverage as a personal policy. Unlike traditional car rental services, users don’t have to be 25 years old; some companies even rent cars to 18-year-olds. You do, however, have to have a decent driving record."

"It’s hard to compare car sharing services by cost, because many companies offer different plans, rates and services in different cities. To determine which [carsharing company] is best for you, compare the rates in your area."

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