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You are here: Home » Transport Sectors » Renting & Sharing
Thursday, 22 Nov 2012
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Pay for your car (sharing, renting, leasing), your
ride or your repairs.

Car Sharing and Distributed Car Sharing

Car sharing typically refers to an unattended car rental program where a security card and reservation are used to access the vehicle. Skymeter enables basic through to complex car sharing, with a low-cost, mass-market system designed for rapid deployment (installation in minutes rather than hours).

In a variation called distributed car sharing, private citizens rent out their cars when they are not using them. Skymeter addresses the biggest problem for this business: insurance. After all, more driving means more accidents, and renters may be riskier drivers than the owner. With usage-based insurance enabled by the Skymeter car-sharing system, insurance can be calculated on vehicle usage and even corrected for the demonstrated behavior on the drive itself. This insurance cost can then be added to the renter's bill.

Any Skymeter-enabled car is also capable of automatically paying all street parking, and all tolls. This can enhance the car sharing service offering.

Car Rentals and Leasing

Car rentals and leasing are variations on car sharing, with attended pickup and exclusive use of a car for days or months. With Skymeter, the rental price can also include usage-based factors, matching the cost of the rental to the wear and tear on the car. You may pay per mile, with a premium for driving off-road, and discounts for driving in a careful manner that extends the car's lifespan.

Rental insurance rates can be calculated for each car rental based on usage and driver behavior. This allows rental agencies to price their insurance so as to be attractive to the driver, yet still be profitable for the vehicle owner. Skymeter can also provide a usage history for maintenance purposes. This allows agencies to properly maintain the vehicle - or leasing companies to offer repairs insurance. This record can also help increase the final resale value of the car.

Ride Sharing and Carpooling

In ride sharing and carpooling drivers take on passengers, so that more than one person can take advantage of each car trip. Skymeter can help these services with financial fairness and security. Passengers can be given a wireless ID, similar to that used in car sharing. It works as a security measure: being read and validated by the driver before the passenger enters the car. It also records the trip cost, so the price of the ride can be transferred from the passenger's to the driver's account. The passenger's card also acts as a security measure: it can be read and validated by the driver before the passenger enters the car. Additional security features can also be added, such as biometric identification. This e-mail address is being protected from spambots. You need JavaScript enabled to view it for details.

Maintenance and Repairs Insurance

A full, Skymeter-enabled, location-anonymous usage history can allow dealerships to offer car buyers maintenance and repairs insurance. For a monthly fee, based on your usage of the car, drivers can have their maintenance and repairs paid for. Meanwhile, the dealership can ensure that all maintenance and repairs come back to them.