The day before we meet, Andre Haddad — CEO of peer-to-peer vehicle-sharing app Turo — woke up at 3.30am. This is not evidence of some faddy Silicon Valley-approved way to “hack” daily productivity with an early start. No, it’s because (while simultaneously acclimatising to UK time) he was disturbed by someone requesting use of one of the five personal supercars he offers up for public use on the service. “I was still a bit jet-lagged and then, ping, I got a notification telling me that somebody had booked my Tesla,” says the Lebanon-born, San Francisco-based tech entrepreneur with a smile, his hands buried in the pockets of his Turo-branded black fleece. If Haddad has his way, plenty of people across London may be waking up to similar notifications very soon. Having grown rapidly in the US and Canada in the recent years, this week Turo (a public car rental marketplace snappily summarised as “Airbnb for cars”) finally cruises … [Read more...] about What you need to know about London’s new car-sharing app Turo
New car replacement insurance
You're looking at a $1,200 repair estimate for your ailing car when an ad catches your eye: a brand new set of wheels for a mere $450 a month. At first, dumping your old car might seem like a no-brainer — and you can't help picturing how good you would look in that new car. But automotive experts say you'll almost always come out ahead — at least financially — by fixing old faithful. There are, however, other important considerations when deciding whether it's time to say farewell. THE COSTS OF BUYING NEW "Even though the repair cost might hurt, you really have to think about buying a new car as a tremendously more expensive proposition," says Jim Manelis, head of direct lending for Chase Auto Finance. At the very least, for a reliable used car, expect to spend a minimum of $2,000, plus tax and registration fees, says Mark Holthoff, editor at Klipnik.com, a community website for used car enthusiasts. Depending on the severity of your car's problems, "You can buy a lot … [Read more...] about Deciding whether to fix up or break up with your car
You’re looking at a $1,200 repair estimate for your ailing car when an ad catches your eye: a brand new set of wheels for a mere $450 a month.At first, dumping your old car might seem like a no-brainer — and you can’t help picturing how good you would look in that new car. But automotive experts say you’ll almost always come out ahead — at least financially — by fixing old faithful. There are, however, other important considerations when deciding whether it’s time to say farewell. The costs of buying new “Even though the repair cost might hurt, you really have to think about buying a new caras a tremendously more expensive proposition,” says Jim Manelis, head of direct lending for Chase Auto Finance.At the very least, for a reliable used car, expect to spend a minimum of $2,000, plus tax and registration fees, says Mark Holthoff, editor at Klipnik.com, a community website for used car enthusiasts. Depending on the severity … [Read more...] about Should you fix up or break up with your car?
It's 2018. We have drones and hoverboards, our phones unlock by scanning our faces and anything in the world can be delivered to your door with a couple of clicks. Why should we be stuck with buying or leasing as our only means of procuring a car to drive?Thankfully, vehicle subscription services are becoming more and more popular. Think of it like any other subscription: Sign up for what you want, cancel it when you're done. From automakers to third-party companies, there are many ways to subscribe to your next new car.The OEMsIf you're familiar with any vehicle subscription service, it's probably one of these. In essence, you pay a monthly fee to a manufacturer for access to several vehicle models in its lineup. In addition to access, this fee covers the cost of insurance, maintenance and roadside assistance.BMW now has a pilot program running in Nashville for its subscription service, Access by BMW. The program, like Porsche's is a two-tiered affair and again, like Porsche, isn't … [Read more...] about A guide to car subscriptions, the alternative to buying and leasing
Many people have taken to the term “smartphones on wheels” as a go-to phrase what the cars we drive are starting to become. None less than Dieter Zetsche, Mercedes boss, car industry soothsayer and a man who knows a thing or two or thing about the auto industry, made this observation in 2015. But I think Herr Zetsche’s comparison is a little premature. I can certainly see why people want their cars to become like smartphones. But I think cars are going to diverge a lot from what we saw with the smartphone, and that they share more in common with another device we all use: the TV. Remember feature phones? The car-as-smartphone-on-wheels case is an easy one to make to, well, just about anybody who has set foot in a car before. It goes something like this: cars in 2018 are a bit like cell phones in 2006. They work, they’re functional, but they aren’t winning any awards on the usability or user interface front (with a few notable exceptions like Tesla), and … [Read more...] about Why your car will be more like your TV than your smartphone