General Motors seems to be running in a different direction from other carmakers by trying out an Airbnb-style rental program, a fairly new concept in the auto industry, similar to (but independent of) one we discussed before. Like the aforementioned company, subscribers would list their car when it is not being used, and give people permission to drive their car, which would in turn earn easy cash for the car’s owner. However, we all know how people like to drive when they’re in someone else’s car, and that would probably be a nightmare on your upkeep costs. Instead, do as we recommended in the other piece about an Airbnb-style-car-renting program and just get an affordable used car through us instead. Car ownership ain’t what it used to be. Despite more people buying cars than ever before, the big auto companies are experimenting with alternate ownership models under the assumption that their sales will drop in the future. The most recent example is General Motors, which announced Tuesday a new peer-to-peer car-sharing service, in which owners of GM-branded vehicles would rent their cars to other people.The service, which will be operated under the automaker’s two-year-old Maven car-sharing company, has been in works for months. But it will be limited at first: car owners who live in Chicago, Detroit, and Ann Arbor, Michigan, can list and rent out their own personal cars when they aren’t using them, much like Airbnb users do with their homes and apartments. Click Here to Continue Reading
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