With the price of buying a new vehicle increasing year on year, it’s no surprise that people are looking to rentals.
In fact, according to IBISWorld, the cost of new cars has increased at a rate of 4.2% over the past 5 years – that’s a huge expense for people, especially against the rising cost of living.
Because of this, a whole new sector of startups has emerged – these companies are bridging the gap between ownership and usage, helping people rent vehicles without committing to the cost.
Let’s take a look at them.
Zipcar
No vehicle rental list would be complete without Zipcar, one of the UK’s biggest car rental startups. The company operates in cities around the world, allowing users to pick up cars near them and drop them off around the country.
Having now expanded to the US, the company is helping thousands worldwide access more convenient transport.
Getaround
Almost like the Airbnb of car sharing, Getaround connects vehicle owners with renters, allowing them to unlock new streams of income.
Live around the US and Europe, the company is creating a sharing economy – but with cars.
Indie Campers
For adventure lovers, Indie Campers allows people to rent RVs, campervans and motorhomes across the UK.
With vans able to house and sleep up to 5 people, it’s the perfect way to rent a vehicle for a UK roadtrip.
Cycle
Cycle helps people unlock the convenience of electric bikes with their monthly rental scheme.
With GPS tracking and theft protection included, riders are able to choose the ebike that suits them, promoting more sustainable city travel.
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Turo
Turo is another car rental platform that allows people to rent out their personal cars to others.
Their app has a huge range of car options available, from swanky sports cars to practical 4x4s. With their low-cost added insurance policy, Turo is a popular choice for those looking to rent a car.
SwiftGo
For those looking to rent motorhomes and campervans, SwiftGo is for you. The site gives users affordable and flexible rentals for their holiday on the road.
Users can book for up to a month, allowing them to explore the country. Not only that, but all vehicles also come with wifi, perfect for working on the go.
Goboony
Goboony is another motorhome rental company, but this time, you hire directly from the owner.
As these vehicles can be expensive to upkeep, Goboony helps owners mitigate the costs through rentals. The app is perfect for those looking for adventures on the road, whilst also helping them connect with other roadtrip lovers.
Spyder Motorcycles
For those that are looking for adventures on 2 wheels, Spyder Motorcycles allows people to rent high-end motorcycles.
With brands like BMW, Yamaha and Ducati on their roster, it’s perfect for anyone looking to experience the joy of motorbike riding.
Zenion
Buying a vehicle can be expensive, but if you want to work in the gig economy, it’s a huge upfront cost to swallow.
Zenon works by renting electric motorbikes to Uber, Stuart and other gig economy riders. This allows people to pay back the rental as they go, rather than having to pay thousands upfront.
Zoomo
Zoomo provides electric bikes for delivery riders. Offering short- and long-term rentals, Zoomo’s bikes are popular with those that work in food and mail delivery.
With maintenance included, Zoomo helps riders make more money, without having to pay for these vehicles upfront.