The sharing economy is usually offered as a win-win for a two distinct parties.
In the case of Airbnb, the owner of a house makes a few extra bucks renting out a spare room and a traveler gets a cheap place to stay, in a residential neighborhood instead of a hotel.
When it comes to sharing cars, Uber and Lyft fill that niche, with a car owner working a side hustle, giving total strangers a ride somewhere, filling basic transportation needs.
But there may be car sharing beyond basic transportation. People who love exotic cars but can't afford one, and people who own exotic cars but need some income from them, are now getting together.
Hagerty, a company that operates a network for people who are really into cars, has acquired Classics&Exotics, a peer-to-peer online marketplace for classic cars. It's relaunching the business under a new name, DriveShare by Hagerty.
Connecting car enthusiasts and owners
"DriveShare gives people an easy way to get behind the wheel of cars they've always wanted to drive," said McKeel Hagerty, CEO of Hagerty. "Our goal is to provide a common platform that connects enthusiasts and owners to expand the community of people who love cars."
It works a lot like Airbnb. Suppose you have a vintage Corvette, immaculately restored at great cost. You might be willing to rent it to someone for a special event, assuming that party were carefully vetted and they paid a lofty fee.
Classics&Exotics founder Peter Zawadzki says there are plenty of people who love the thrill of driving a classic car but simply can't afford to buy one. Or, don't want to be tied down to a single model by owning one.
"I started this company so people could try out these amazing vehicles and owners could make a little money to defray the cost of ownership, and that's still the mission today for DriveShare," Zawadski said.
And sometimes, he says, people who rent a classic car two or three times end up buying one.
How it works
Owners and renters connect online and arrange for the drop-off and pick-up locations. Security deposits start at $500.
To rent one of these classic cars, drivers submit drivers license information so that DriveShare can check the driver's history. The minimum age to become a renter is 30 -- five years older than a normal car rental. Only the approved driver is allowed to be behind the wheel during the rental.
This could well serve as a model for future car sharing, as autonomous vehicles hit the market with huge price tags.