Sph Website
 
THE AWARD-WINNING WEBSITE: BEST IN ONLINE MEDIA (GOLD) - WAN-IFRA ASIA DIGITAL MEDIA AWARDS 2012
Singapore weather
27 °C
 -
34°C
 

Demand for private car rental rising, but conditions apply

 
Published on Mar 23, 2013
10:44 AM
iCarsclub co-founders (from left) Jamie Wang, 25, Joya Zhao, 40, and Eddy Zhang, 29. iCarsclub says when it started last December, only five car owners signed up. This figure now stands at over 400. -- ST PHOTO: CAROLINE CHIA

More people are renting out their cars and the practice could become even more popular as the Government looks into liberalising its Private Car Rental Scheme.

The scheme, which began in 1996, allows owners to let others use their cars for a fee. Details of potential liberalisation measures are not yet known.

Currently, the scheme allows for the renting of cars only on weekends and public holidays.

Still, numbers continue to rise.

Background story

Different ways of sharing a ride

Peer-to-peer car rental

A scheme in which privately owned vehicles are put up for rent on weekends. Owners are free to determine their own rates, which can be on a daily or hourly basis.

Car-sharing clubs

A rental service in which users usually pay a monthly membership fee, on top of paying for hourly or daily use. Users have access to a fleet of cars at multiple locations around the island, and are expected to return the vehicle to a designated pick-up point for the next user.

Car pooling

An option in which several people travel in one car. Payment is often negotiable between drivers and passengers, who may be charged on a per-trip basis.

BRYANT CHAN

TO READ THE FULL STORY...

 
comments powered by Disqus