A new source of income has been brought up by a startup FlightCar for car owners who don’t often use their cars. Car owners who don’t really drive can actually gain profits without selling the car that is just sitting around in their street will prove to be beneficiary of this scheme.
The car rental FlghtCar has a scheme named as FlightCar monthly in which a car owner will give their car for a month to FlightCar rental services. It has been launched to target people in or near San Francisco who generally find maintaining their car as a nagging job and want to gain profits from it.
Initially the user has to submit his or her car at the airport.Later that car would be picked up by one of the FlightCar officials and parked securely into FlightCar’s parking lot. Travellers are then able to to rent this car during the month FlightCar has it.As a monthly rent based on the condition of the car and how new it is the user is paid $150-$400.
The amount is slightly close to the amount that is given to the users in the peer-to-peer plan where the owner’s are out of town and wish to earn some money without even paying for parking or caring about car. Now that’s real profit. But if a owner has rented the car and really needs his car for a weekend tour he has 4 days in a month where he can use his car for his own purpose. If his car is not available during that time he will be given a car of same class by the company.
FlightCar came up with a new airport program a week back to compete with car sharing market place RelayRides who give car owners free parking who leave their cars for airport services. FlightCar CEO, Rujul Zaparde is pretty pleased with its rising market value while also ensuring more regulatory inventory he claims that it’s the supply side of the equation that FlightCar has had the most trouble with — the marketplace has been mostly sold out since launch.
FlightCar is all fancied by various investors like General Catalyst, Softbank Capital, First Round Capital, Y Combinator, SV Angel, Brian Chesky, Ryan Seacrest’s – Seacrest Global Group, Alexis Ohanian, Garry Tan, SV Angel, Brian Chesky, Harj Taggar, Emmett Shear, Andreessen Horowitz, and Erik Blachford who have raised an amount of about hefty $6.1 million.