Move over, Uber, two Bay Area startups have found a new ways to rent cars out.
Daily Advice Link - How I Increased Sales 350% With Press-Releases There are few investments less sensible than car ownership. A new purchase loses close to 9 percent of its value the minute it leaves the dealer's lot, according to automotive-information site Edmunds. Further, most cars sit idle the majority of the time. Two San Francisco-based startups, RelayRides and Getaround, are working to change these inefficiencies--and snag a piece of the nation's $20 billion car-rental market. Similar to Airbnb, both companies facilitate peer-to-peer transactions through which car owners can rent out their vehicles to those who need them by the hour, day or week. Owners set the rental price for their vehicles; both companies say the average rental runs $8 to $12 per hour and lasts 40 hours. The model offers big savings for customers--generally half of what a local car-rental agency would charge. Plus, the range on offer allows renters to get exactly the vehicle they want, whether...