However, a new peer-to-peer car-sharing platform is attempting a different approach.
Called ‘Drive lah’, this new platform allows private car owners to rent out their vehicles in Singapore.
The Land Transport Authority (LTA) has approved them to run a year-long trial capped at 500 cars, starting from 1 October 2019. It will review the trial after six months.
LTA’s private car rental scheme currently allows rentals on weekends and public holidays only, but it allowed ‘Drive lah’ to operate daily.
‘Drive lah’ Founder Dirk-Jan ter Horst said that such short-term rentals allow car owners to earn some extra cash when they are not using the car, which can be used to offset ownership costs.
For a gauge on how much you could potentially earn from renting out your car, ‘Drive Lah’ has a ‘calculator’ feature on its website to find out how much you could make a month based on your car brand, model and price.
‘Drive lah’ currently offers daily rentals, but Mr ter Horst does not rule out plans to offer daily hourly rentals in the future, much like other car-sharing operators.
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