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HiGear

At some point of our life, we all dream of having a luxurious item that we cannot afford. Some of us may dream of having it, or some give it a shot in getting close to it. If your dream item is about a car then HIGEAR is the place you want to be. You can now try your dream car since some people are emulating the inimitable hot service of renting so that you can fulfill your dream. For whatever reason that we have, whether to test the grandest model or just to impress the girl you are dating with, HiGear could help you attain that dream.

HiGear is a peer-to-peer service for car sharing. Its focus is mainly on the luxury vehicles which will expand to L.A. starting from this November 1, 2011. This shift is a part of the company’s constant development programs that will have 5 added markets which also includes that of San Diego and Portland by the end of the year. At any rate, HiGear concentrated with the “high-end” auto makes only unlike any other car-sharing services. Some of the brands include Tesla, Lamborghini, Aston Martin, Audi, BMW, and Mercedes.

So how exactly does HiGear work? Basically, the high-end car owners will enable to rent their own vehicles to other drivers for 50% less off the commercial rates on average. For the time being, other drivers could finally have the chance to drive the cars that they have been dreaming for, without having to worry about ownership.

The process is safe and secured since HiGear gives collision insurance and all- inclusive liability to owners. It also provides a process of screening the members which understandably includes tracks of driving records and even credit checks sometimes. HiGear also gathers a deposit for security reasons so as to “encourage safe and fair use of members’ cars.” Moreover, renters clearly must pay for the rental fee which ranges from $125 to $600 conditional on the car rented. Aside from the rental fee, drivers must also pay for the rental insurance around $20 to $40. In the average period of 3 days, renters may pay $410.

Recently, HiGear has raised a fund amounting to $1.3 million from their investors which clearly shows sign of a successful business startup.