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(ABC)   "Yeah, sure, we could go to college. But wouldn't it be more fun to up-end the airport rental car business?"   (abcnews.go.com) divider line 47
    More: Interesting, Avis, angel investors, rentals, San Francisco International, rental car  
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2939 clicks; posted to Business » on 18 Jun 2013 at 10:09 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



47 Comments   (+0 »)
   
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2013-06-18 09:52:19 AM  
Rental cars are treated like rented government mules.  No way I would subject my own ride to that abuse.  Good luck with that.
 
2013-06-18 09:59:28 AM  
I'm traveling to SFO on Friday - $21/day for a few days doesn't sound too bad, but would I spend that much on BART/muni/cabs (mostly going from the airport to the Mission and back)?
 
2013-06-18 10:02:03 AM  
i.ytimg.com

"Yeah, you better give me the insurance 'cause I'm gonna beat the hell out of this thing."
 
2013-06-18 10:09:29 AM  
/ Also hot, so I'll prob get burned.
 
2013-06-18 10:16:05 AM  
How does insurance work?  Those crazy farkers aren't on my policy.  Some idiot drives my car into a tree, who pays for it?
 
2013-06-18 10:18:07 AM  
I think it would be a nightmare for damage claims.  Imagine getting in your car and discovering someone smoked in it.  There is no way in hell I would let strangers drive around my car for some percentage of $20.  Fark that noise
 
2013-06-18 10:21:09 AM  
https://flightcar.com/faq/

They've covered their bases, but I still wouldn't do it.

The hope is that your car doesn't get rented and you get free parking.  It's a gamble.
 
2013-06-18 10:22:03 AM  
These guys will probably be rich before someone drives their rented whip into  a public building and racks up enough damage to bankrupt whatever skeezy insurance they're using to cover their operators and their company (which magically has no assets) are found liable for the difference.

How does the airport get a cut of ever rental, including those off sight?  How is that even legal... "hey, Bob, your driveway is pretty close to my house so I'm going to go ahead and ask you for 9% of your takehome pay...."
 
2013-06-18 10:23:06 AM  
FTA: For example, SFO wants FlightCar to pay it 10 percent of its gross profit and a $20 fee for each rental car transaction -- the same as what the airport gets from every other rental car company.

That's some racket they got going there. What exactly do the rental car companies get for that fee? I could understand if that was the price for using airport property, but charging the same for off-site companies?
 
2013-06-18 10:31:32 AM  

Quality Unassured: FTA: For example, SFO wants FlightCar to pay it 10 percent of its gross profit and a $20 fee for each rental car transaction -- the same as what the airport gets from every other rental car company.

That's some racket they got going there. What exactly do the rental car companies get for that fee? I could understand if that was the price for using airport property, but charging the same for off-site companies?


My guess is the privilege of running their shuttles to the front door and maybe a kiosk.
 
2013-06-18 10:32:14 AM  
The car is left in the airport parking lot, picked up from that lot, and left by the renter in the lot? So their model relies on using airport property for their transactions? I can understand the airport not being thrilled by this.
 
2013-06-18 10:40:04 AM  

basemetal: Rental cars are treated like rented government mules.  No way I would subject my own ride to that abuse.  Good luck with that.


This. Well, maybe my old '89 Cutlass (bulletproof old gal, but not very good looking...kind of like your mom), but certainly not any car that had some value to it. I'm generally pretty good to rental cars, but have driven the ever loving shiat out of some that I've had.
 
2013-06-18 10:41:28 AM  

tricycleracer: https://flightcar.com/faq/

They've covered their bases, but I still wouldn't do it.

The hope is that your car doesn't get rented and you get free parking.  It's a gamble.


In other words, drive a manual transmission car and get free parking.
 
2013-06-18 10:44:44 AM  
I know what I've done to rental cars in the past.   Not a chance I'd let someone do that to my ride.

You'd be surprised how many newer model compacts will smoke the tires with right coaxing.
 
2013-06-18 10:46:32 AM  
Tom_Slick:

In other words, drive a manual transmission car and get free parking.

Heh, exactly this. Who the hell would want to rent (or even drive) a 1992 PU with a straight shift?

/I can leave my keys in the switch in even the worst parts of town and trust me, no one wants the damn thing.
 
2013-06-18 10:52:20 AM  

Tom_Slick: tricycleracer: https://flightcar.com/faq/

They've covered their bases, but I still wouldn't do it.

The hope is that your car doesn't get rented and you get free parking.  It's a gamble.

In other words, drive a manual transmission car and get free parking.


Yeah because I want to come home to a slipping clutch and be told "That's just normal wear and tear, we won't cover that."
 
2013-06-18 10:57:44 AM  
www.11points.com
I'm sure it'll be treated fine.
 
2013-06-18 11:00:45 AM  

buzzcut73: basemetal: Rental cars are treated like rented government mules.  No way I would subject my own ride to that abuse.  Good luck with that.

This. Well, maybe my old '89 Cutlass (bulletproof old gal, but not very good looking...kind of like your mom), but certainly not any car that had some value to it. I'm generally pretty good to rental cars, but have driven the ever loving shiat out of some that I've had.


They won't take anything more than 14 years old.
 
2013-06-18 11:04:29 AM  

AnubisMan: I think it would be a nightmare for damage claims.  Imagine getting in your car and discovering someone smoked in it.  There is no way in hell I would let strangers drive around my car for some percentage of $20.  Fark that noise


And not even a generous percentage.

If you own an economy/compact or intermediate vehicle, you'll get a free $10 check for each rental, regardless of the number of rental days. If you own a car that we categorize as full-size, minivan, SUV, convertible, or pickup, that is model year 2006 or newer, you'll earn a $10 check per day that your vehicle is rented. If your vehicle falls into our large SUV, or luxury/sport classes, you'll earn a $10 check per day regardless of the age of your vehicle.

A midsize sedan gets you $10 flat, no per day amount. A 10 year old standard SUV apparently only gets you free parking.
 
2013-06-18 11:05:09 AM  
www.imcdb.org
/hot
 
2013-06-18 11:08:03 AM  

Tom_Slick: tricycleracer: https://flightcar.com/faq/

They've covered their bases, but I still wouldn't do it.

The hope is that your car doesn't get rented and you get free parking.  It's a gamble.

In other words, drive a manual transmission car and get free parking.


Ha, ha, hardly.  Almost every day at a rental place you'll get someone calling to see if they can rent a stick-shift (i.e., to learn on - because none of their friends have them or will let them learn on their cars).  Which is exactly why rental agencies don't have them.
 
2013-06-18 11:30:06 AM  
Last time I rented a car, I was running on a couple days without sleep (packing, cross country red-eye). I pulled carefully into my parking spot and recall specifically thinking, "I should hit the brakes now, I'm close enough to that bush/curb" and promptly slammed on the gas. Jumped the curb, wound up in the bushes and was so far off the ground I couldn't reverse out of it. I couldn't stop giggling as I put it in neutral to let a friend push me out of the bushes. My other friend was practically in tears, laughing so hard at me. It made this really horrible noise when it went into neutral and somehow jumped itself off the curb. I put it in park, got out of the car, kicked the bumper til it was back in place and said, "Oh well. Not my farking car." Nobody seemed to care about the damage either when I gave it back.

I don't think I'd let my personal use vehicle be used as a rental.
 
2013-06-18 11:39:46 AM  
He shoulda gone to Harvard instead.
 
2013-06-18 11:48:17 AM  

Lawnchair: Tom_Slick: tricycleracer: https://flightcar.com/faq/

They've covered their bases, but I still wouldn't do it.

The hope is that your car doesn't get rented and you get free parking.  It's a gamble.

In other words, drive a manual transmission car and get free parking.

Ha, ha, hardly.  Almost every day at a rental place you'll get someone calling to see if they can rent a stick-shift (i.e., to learn on - because none of their friends have them or will let them learn on their cars).  Which is exactly why rental agencies don't have them.


Maybe to learn on a standard 5 or 6 speed.  Imagine jumping into a vehicle and finding a 3 on the tree.

I remember having to pull my truck into a tire change garage because the kid could not figure out where reverse is on a reverse upper left 4 speed.
 
2013-06-18 11:52:07 AM  

StRalphTheLiar: buzzcut73: basemetal: Rental cars are treated like rented government mules.  No way I would subject my own ride to that abuse.  Good luck with that.

This. Well, maybe my old '89 Cutlass (bulletproof old gal, but not very good looking...kind of like your mom), but certainly not any car that had some value to it. I'm generally pretty good to rental cars, but have driven the ever loving shiat out of some that I've had.

They won't take anything more than 14 years old.


That's what the Catholic Priest said.
 
2013-06-18 12:27:10 PM  
Somebody blasted that article with a double barrel shotgun loaded with commas.

Holy hell dude... take a writing class.
 
2013-06-18 12:38:04 PM  

mcreadyblue: StRalphTheLiar: buzzcut73: basemetal: Rental cars are treated like rented government mules.  No way I would subject my own ride to that abuse.  Good luck with that.

This. Well, maybe my old '89 Cutlass (bulletproof old gal, but not very good looking...kind of like your mom), but certainly not any car that had some value to it. I'm generally pretty good to rental cars, but have driven the ever loving shiat out of some that I've had.

They won't take anything more than 14 years old.

That's what the Catholic Priest said.


That is a funny vote.
 
2013-06-18 12:41:01 PM  
i199.photobucket.com
I'm in town to tailgate a football game with friends. So, imagine my surprise when I hear that the cut-rate rental agency has a pickup truck that I can rent. I told the agent that I learned to drive on a manual transmission. Of course, that was forty years ago on a column shift. I'm going get reverse and first mixed up and drunkenly ram the starting quarterback's Escalade.

Guess who's not going to Disneyland.

And if you were as cheap about your automobile insurance as you were about your parking fees, you could be paying for this yourself. So pay the eight bucks for economy parking. You could save your team's SuperBowl ring and be better protected from mayhem like me.
 
2013-06-18 01:08:46 PM  
I think this would only work if the arrangement was reciprocal.

And there's a load of "screw Harvard, let's spend that time and money on starting a realistic business" in the world these days.
 
2013-06-18 01:16:15 PM  
I don't even let my friends drive my car.

And now that I think about... who the Fark rents a car in SFO?

If you're going to the City... parking and traffic will kill you and it's not like there isn't a metric shiatload of public transportation options. If you're going somewhere other than the City... it's cheaper and easier to fly into Oakland or San Jose.
 
2013-06-18 02:11:52 PM  
There are a lot of business ideas where I say, "why didn't I think of that!"

This is not one of them.
 
2013-06-18 03:41:27 PM  

ManateeGag: How does insurance work?  Those crazy farkers aren't on my policy.  Some idiot drives my car into a tree, who pays for it?


The driver, which is how it works whenever you let someone borrow your car.  Unless they don't have insurance, then your Uninsured Motorist coverage takes care of it.
 
2013-06-18 04:00:46 PM  
Well, good things those rich kids had family members willing to invest in them. Mott Romney would be proud. No, smug. Mitt Romney would be smug.
 
2013-06-18 04:12:10 PM  

Quality Unassured: FTA: For example, SFO wants FlightCar to pay it 10 percent of its gross profit and a $20 fee for each rental car transaction -- the same as what the airport gets from every other rental car company.

That's some racket they got going there. What exactly do the rental car companies get for that fee? I could understand if that was the price for using airport property, but charging the same for off-site companies?


Typically, local transportation alternatives (especially air and mass transit) place massive fees upon rental car companies to help support local infrastructure. The idea is that the visiting guy spending money on a rental car typically doesn't have a say in reelection campaigns, making it a safe place to raise much needed capital for local transit and infrastructure maintenance.

Some locations have as much as $35-50 immediate fees per rental, plus $1.50+ per gallon of fees on rental cars. The more tourists you have, the higher those taxes.
 
2013-06-18 04:13:57 PM  
Or, to answer the question, it's more likely local ordinance than some sort of transaction. The rental companies are obliged to pay it for being within the municipality.
 
2013-06-18 04:19:57 PM  
No way I'm letting some stranger drive my car. No way I'm getting into a stranger's poorly maintained car that has a new coat of paint but hasn't had the brakes or shocks serviced in 100,000 km.
 
2013-06-18 08:46:26 PM  
Aside from the "drive it like a rental" issue, suppose a renter commits a crime in my car.  I won't know it until a police cruiser lights up right behind me.  Then my car becomes evidence and gets impounded for awhile.
 
2013-06-18 08:49:02 PM  
Hit the submit button too soon.  Even traffic infractions would cost you: "Driver's license and registration, please."
 
2013-06-18 08:55:13 PM  
Dammit - I'm not thinking straight.  Cancel that last comment.  As a renter, you wouldn't have the owner's DL.
 
2013-06-18 09:53:17 PM  
Owners would have a fourfold threefold incentive to participate: free parking, a free car wash, a cut of the rental fee. and a guarantee their car would be waiting for them when they returned.

From their FAQs:  FlightCar is not aware of any law in the United States that would make using our service illegal.

Oh, I guess we're all cool then.  You guys aren't aware of any law that might make this business plan illegal.  Here are my car keys.

I give it a max of 6 months before the Avis/Hertz lawyers have these guys gone.
 
2013-06-18 09:59:04 PM  

acohn: Dammit - I'm not thinking straight.  Cancel that last comment.  As a renter, you wouldn't have the owner's DL.


Red light cameras.
 
2013-06-18 10:08:11 PM  
Frome their website:   Our founders, former students from Harvard, Princeton, and MIT

That doesn't exactly jive with the story in the article.  They were going to go to college but never did so.

CEO Rajul Zaparde, 18, one of FlightCar's co-founders, tells ABC News the company already has signed up 1,400 owners and has arranged 1,500 rentals.

After all of their bills have been paid, I'd estimate the net profit from each car rental would be $10 at most.  There are three owners so they've each made a whopping $5K.  Yippee.

/edit to my original estimation - this company has a max life span of 3 months.
 
2013-06-18 10:37:24 PM  

meanmutton: ManateeGag: How does insurance work?  Those crazy farkers aren't on my policy.  Some idiot drives my car into a tree, who pays for it?

The driver, which is how it works whenever you let someone borrow your car.  Unless they don't have insurance, then your Uninsured Motorist coverage takes care of it.


If the use of the car is part of a commercial transaction your personal auto insurance probably won't cover it.
 
2013-06-18 10:42:43 PM  

Wellon Dowd: meanmutton: ManateeGag: How does insurance work?  Those crazy farkers aren't on my policy.  Some idiot drives my car into a tree, who pays for it?

The driver, which is how it works whenever you let someone borrow your car.  Unless they don't have insurance, then your Uninsured Motorist coverage takes care of it.

If the use of the car is part of a commercial transaction your personal auto insurance probably won't cover it.


This.  These guys are wayyyyy over their heads in this business adventure.  They should have spent their parent's angel investor's money on something else.  Like a Business 101 class.


img.fark.net
 
2013-06-18 11:01:39 PM  

Chelsea Clinton Is Carrot Top's Lost Twin: This. These guys are wayyyyy over their heads in this business adventure. They should have spent their parent's angel investor's money on something else. Like a Business 101 class.


Didn't you hear: "So positive were they that they had happened on a better business model than Hertz or Avis, that they turned their backs, respectively, on Harvard, Princeton and MIT -- the three institutions to which they had gained (or been offered) admission"

They turned down top schools. That's how good they are. We've all read how Bill Gates, Steve Jobs etc. did that, and they became billionaires. The recipe for success is "turn down a top school, start a business*."

*also be kids in high-tech, upper-class areas that had computers in their high-schools in the 70s. Wait, perhaps their business plan is missing the "right place, right time" ingredient.
 
2013-06-19 09:52:07 AM  

Fizpez: These guys will probably be rich before someone drives their rented whip into  a public building and racks up enough damage to bankrupt whatever skeezy insurance they're using to cover their operators and their company (which magically has no assets) are found liable for the difference.

How does the airport get a cut of ever rental, including those off sight?  How is that even legal... "hey, Bob, your driveway is pretty close to my house so I'm going to go ahead and ask you for 9% of your takehome pay...."


The rental company is based off site but they have an office at the airport presumably?
 
2013-06-19 09:59:43 AM  

Gunny Walker: I'm in town to tailgate a football game with friends. So, imagine my surprise when I hear that the cut-rate rental agency has a pickup truck that I can rent. I told the agent that I learned to drive on a manual transmission. Of course, that was forty years ago on a column shift. I'm going get reverse and first mixed up and drunkenly ram the starting quarterback's Escalade.

Guess who's not going to Disneyland.

And if you were as cheap about your automobile insurance as you were about your parking fees, you could be paying for this yourself. So pay the eight bucks for economy parking. You could save your team's SuperBowl ring and be better protected from mayhem like me.


A+
 
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