Topic: You don't need to own car instead of this should be some carbank system (Read 63 times)

I actually don't like the idea because you could be feeling that $200 is a small money for you to be paying as a monthly fee on the car but when you calculate the money you will spend monthly for several years, getting one car for yourself will be your conclusion, let's say the car you like is worth $30k in the market and you pay $200 every month, by the time you check you had already spent $31, 200 in thirteen years which is even more than the amount the car is worth, so buying it is better than paying such money because if anything should even happen to it definitely you will pay for it, so actually sometimes you could be dogging from spending but without knowing that you are digging the pit for yourself.

You really think you're  the first person with this wonderful idea? Lol! Hear me out, you are not the first and you know why, the customers are always the problem. There are various ways customers were the problem and I will explain, come with me.

-The customers that will take cars and run away. No matter how you think you are smart with car GPS and trackers, there are people that are 100x times ahead of you. Some cars are been stolen and before you know, it will either be shipped to another country or sold to a buyer in another continent.

- it's expensive to have a car bank and customers don't patronize. It's easy to gather their own money to buy car own their own than to spend everything in another company and at the end they can't have nothing on their name, not favourite in the customer side.

- Customers are bad in maintenance, it's easy for people maintain their own car than to maintain another person's own. It's better you don't even start such business otherwise in two years all your cars will be beyond maintenence and unrepairable.

This methodology of car business wouldn't work in a real situation.

I don't know much about cars, as I don't have any, I and don't even know how to drive one so, but I do have an idea that Ferrari are mostly cheaper than Lamborghinis, correct me if I am wrong as I just Googled it because I had this thought so this category does not fit in as the car have huge price difference so we can't really swap Ferrari with Lamborghinis. Plus we have a rent system we can borrow a car and pay for the fuel and any damage if we do it, and some security fee etc.

I don't know if we have swap option already, but I guess there might be any such option available already but if we don't then there must be one as it can be good but in order to get your first car swap you have to own a car and if you don't want to take care of the maintaince then no one is going to keep your car maintained as it have to be done by you, not by the company because company always charge more.

What you are already talking about do exist, just that if you want to rent a car for a month it is very expensive and I think it is a waste of money. If you look into the price of renting a car for a day which is very costly, then when you times the price of it for 30 days you would see that it is a very huge money that can be close of getting a personal car.

It is very possible for you to rent different cars of your choice for a year but your money will determine if you can really get what you want. There is no need of renting different cars for the year because it is not of any good value. Renting different cars to drive for the year is not of any value, it can even be more expensive when you think of buying the same numbers of cars you wish to drive for the year. Renting of cars is very costly because they normally consider the money that will be use in maintainance of the cars if anything goes wrong.

That’s almost the same as a monthly car loan payment, so why would someone rent a car and pay a fee without ever having the chance to own it? Sure, it might appeal to some people, but for most, owning a car is a big deal as sometimes even a sign of success in countries where poverty rate is high.

Still, it’s great to have that option available as more choices mean people can pick what works best for their situation, but in the end, it all comes down to personal preference.

Seriously? So the company invests 30K for a car, some random idiot rents the car, breaks it and leaves it to the car-rental company?
The car rental business doesn't work that way. AFAIK, there must be some "guarantee deposits" paid by the people, who want to rent a car.
If something happens with the car, there's car insurance and the insurance company would pay a compensation to the car owner, but I'm pretty sure, that the insurance company would sue the guy, who broke the car.
"Carbank system"? Yeah, right. Nice try spamming the forum with low quality posts.

You are talking about car leasing. I am not sure which country you live in, but in majority of the countries, such kind of system already exists. Where you pay a monthly rent to the rental company and the rental company takes care of all maintenance and insurance. That's a very common business.

But in many cases, you can actually own a car at a lower cost if your driving requirement is low and you do not do a huge number of outstation trips. Once the car payment is over and the hypothecation is removed, you can sell of that car to buy a new one. It's nothing new!

you havnt offered an idea that doesnt already exist
car rentals already exist but they are not going to offer a low price of $150-$200 a month

even to purchase a car(which car rental businesses do).. spreading the costs of the car over 4 years(standard lease/loan length) wont be as low as $200 a month
so your math of cost averaging is off

but lets stretch the numbers a bit...
a $30k car over a 10 year lifetime is $3k a year(0% interest), which is $250 a month just for their cost of car purchase. then they know people are not going to rent cars every month so they are not going to get continuous income.. so they need to do deals way above $250 to break even. then because they are offering cars the business has to do the maintenance, insurance and also pay for the land to store the vehicles, the office space for the admin and the labour of staff to run the business.. all in all, the costs are more akin to $1k+ a month or $200-$250+ a week

..
i personally travel the world and use these car rentals alot. even in my home country. but if you think $200 a month is fair/reasonable.. your off by many multiples, i wish it was that cheap if averaged per month, but its not

many people that dont need a car for a whole month/year, save money by just using ad-hoc services such as uber/lyft/taxi's,

There should car bank system when you pay monthly or yearly so you can use cars.
You don't need to worry about maitance and other things.
For example you choose price of 50k cars you can drive with all the cars wich are on this price range and you only pay monthly fee.
It's good because sometimes we want to drive different cars with same price class what we currently drive so we just go in carbank and swap the car we use for another car just.
This way our monthly fee to use some 30k cost cars i guess it's 150$-200$ monthly i guess it's fair.

you use any car what's there in car bank you just swap car and take another car you don't need to own or lease but just pay the monthly or yearly fee, for example: got ferrari today i feel i want to try out Lamborghini tommorow so i swap my Ferrari to Lamborghini or i feel i want to try different so i swap easy just.
And when car is broken you leave to car bank and you take another car from car ban.

It's good for car bank and good for users