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Shelby Clark on peer-to-peer car sharing company helping people make ends meet in struggling economy
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But we appreciate it going not to San Francisco now we have -- Clark.
The chief community officer great title -- -- rides and one of the users of relay rights Kettering -- -- joining us thanks guys -- Head how are -- the -- was my -- a little bit I'll be able to hear you a little bit better.
So -- tell me tell us what is really rise.
Sure I really right makes it CE he different cars me.
Have you got a car -- start using it make a few thousand dollars -- month.
I need to -- time time you could find and write your neighborhood that really portal rates and rewrite -- with an insurance policy that covers a reiteration.
-- really easy can be handled -- the the transaction.
OK and every.
That.
Pleased that our -- is available nationwide in almost a thousand cities so no matter where you are turn your back here.
Wednesday get come into being what year who had it give us the story.
It's I was living in Boston without a car in two -- eight.
And dodging car sharing so is able to access -- whenever needed it I love how.
You know I could get a car.
It would ever -- one without having people and all the time and this one day I had -- sort of close -- institute a half miles away and I invite you to -- terrible Boston went through to -- -- -- -- -- car.
And you know a long ways equipment -- realize that and -- it you know make more convenient and easier.
We didn't need more cars we -- -- make -- -- convenient to connect it there within our communities and I better utilized cars are -- street.
OK so how do you make it better to.
Communicate with cars in the community -- owners of them.
But with so accurate the first time it's it's saving me connect your community so.
We provide an insurance policy that makes it safe to -- -- your car.
I only did -- -- a little bit where do you start to do this what what website you go to -- -- -- his -- the end.
First someone -- it's not easy answer us.
Positive side of the reader of books that are really right dot com -- and there's a button on top blister card.
-- you can have your car online ready to -- and less than five minutes.
And then renters.
They can go to the website defined carver in the neighborhood.
I think cars that had to -- -- -- they want.
They request for car as a car owner you get to take a look at their quest.
Cuban director profiling and our reputation and hand the schedule and it works for you then you can -- -- question.
Start to make money.
-- -- -- down daily or an hourly kind of Rendell.
We have actually hourly daily or weekly analyze it all depends the car owner and that enrichment -- the people.
-- also -- what -- -- it which -- general price points just you know what would you say an hourly rate is for standard cock.
The average car -- between 4060 dollars a day or between probably six in ten dollars an hour atheist and it's that's inexpensive and I'm thinking of coming -- zip car -- -- -- Some of -- daily rental hourly rental -- they are more expensive.
Quite doubled our rates are but forty million Cubans that are we don't have any kind of -- annual -- and in about 20% cheaper than.
-- -- -- -- -- -- Okay Katerina how life is -- -- -- It's been great it's been great I put my car -- the system when I was using it only a few days a week.
And I thought about selling -- but I did still needed and so really rises a great way for me to make sure that the -- is utilized and I mean a little extra money on it as well.
How much he's still -- day on average slipped -- -- weak us is that weak month.
A month for the better is the easy way for me to measure it I was making between two and 300 and this summer I've been making over 500 a month.
I think it's just totally surprised me and selling just covered the means -- that I had yeah.
-- -- congratulations what a great idea does your car always get returned in good condition and if it does and then why.
If it doesn't I have a guy -- really rise immediately it's wonderful customer service.
But -- that the majority of the time it comes back where it's supposed to be in good shape.
And I had one borrower come back from a trip to Napa Valley and they left -- bottled -- -- -- -- Yeah how cute and good aren't they weren't drinking the rest of that case on the way back down on what about gas network to they have -- Return the car with a full tank or just maybe leave leave money for someone else to -- about.
They're supposed to replace -- got the gas that they use.
And usually they do that every once and a while people.
Run out of time and nothing in note that they are out of time and then really rights charges them anyway so so so it certainly seems like eight.
And maybe that's why the chief community officer it seems like quite.
Community we are friends kind of system while helping each other out right.
You know really -- -- through activities were -- -- -- sugar -- neighbors you know -- think it certainly is a way where you have neighbors helping neighbors you have.
Car owners were making it easy for people -- -- get around making it their neighborhood were little did you about a car.
And and renters really love the fact that their -- staying local the right right -- one of the neighbor's pockets.
It's particularly important tough economic times have you got this Austin community neighbors helping neighbors and -- -- -- you know over excited about wanna see growth.
-- that's an excellent way to -- helping out your neighbor and you started to touch on this before I interrupted you Shelby about the insurance policy.
Can you just tell us again how we know that on this is something safe to do to to rent out.
Your -- -- -- announcement if you are renting it from somebody that you are covered under an insurance policy.
Curious to we spent a year and a half before and marketing insurance policy right and not an incredibly important for us and -- -- -- insurance policy works is that as a car owner you maintain your existing insurance policy coverage you when you drive.
And then as soon as the renter -- in the -- -- really right policy to extend and the owners covered by million dollars and and an insurance anything happens.
And the renters covered by 3000 dollars and insurance in case -- -- for them well so.
-- and -- thought there you know we think about trust and safety together.
So insurance is what we we we people -- we don't -- it right record ever -- to report before they -- right.
I -- -- for -- and assistance and then.
On the -- side we have you're you're rating systems disorder what you can you date we have reputation as a renter and so.
Car owners can take a look at director's reputation -- frigid -- rectal and other owners upset about them.
Before they before -- let director.
Into the car so.
It's it's it's very important that that -- and directors feel very safe in the marketplace I -- go to great thing great -- Internet particularly.
-- chatter -- how worried you get.
Insurance money from -- arena just how does that work -- -- take cut out of what she gets for renting her car out.
Yes -- hurricane of the transaction so what are our record checks out.
We we build a credit card.
And then we've past that we get a cut of the the earnings to cover transaction and the insurance and we passed the remaining -- you -- -- cars.
Okay and what is that cut give -- -- So cut its 40% commuters get 60% so I.
And parity is something that I am Peterson and 500 a month I'm -- and after yet cup after the cut.
No that's that's what I'm getting so that's yeah I'm sorry yeah after -- well yeah okay after the -- Being nice OK sorry continue -- Good if the average Carter makes about -- dollars a month and it's not a common and they go for a thousand dollars a month.
Typically ends -- we've got one Carter and -- Francisco guy name a letter.
And he is she doesn't -- Honda Civic it's -- around 6000 dollars.
And he's made just shy of 101000 dollars -- cars have got a free car he's been helped him neighbors and it just continues to print cash and it's it.
Have you heard it.
-- is getting idea is.
Someone hired men arena -- indeed thank you so much for coming on great way to.
Help your neighbor idol you are -- user -- vehicle put that -- vehicle to work and you know a win win situation for everybody thank you so much for coming on enjoy your day out there.
-- -- -- -- -- We're gonna gonna.
