You know I like to check car news and see what’s going on. Well, I’ve recently come across a really interesting startup that will soon be launching in the US. DriveOn aims to solve the problem plaguing many fellow car enthusiasts: most people I know seem to get tired of their cars after a few months, and want a change. This is more common than you might think lol. The thing is, they’re always a bit fearful of having to sell their cars or accepting low-ball trade-in prices. So if you’re always looking for the next one, I’ve got good news for you because DriveOn appears to have solved that problem.
But first of all: what exactly is DriveOn? The company pens itself as a “luxury car sharing community“. What happens is they let you insert your car into their network, and simply take someone else’s. Pretty simple.
According to their website you can pick a car whose value is within $8,000 of the car you inserted in their network. But what’s even better is all drivers are screened to make sure no bad apples get through. This is actually a good thing, because no one wants to see a crazy driver with 3 DUIs driving, even more so if it’s your car! Every aspect of the experience seems to have been covered to ensure that customer’s cars are well taken care of (like measures, just in case a car is ever damaged).
Intrigued, I contacted the founder, Michael Beauchamp, and asked him a few questions:
Q: First things first: what made you start this company? What’s the story behind it all?
A: I’ve always been a car lover but would get tired of my car after a year. I spent many years wasting tens of thousands of dollars changing cars and finally decided there had to be a better way. I sought out to create a platform that connected fellow car enthusiasts and allow us to share each other’s cars without the typical expensive hassle of buying and selling.
Q: How much can people save by going with DriveOn compared to other forms of ownership?
A: We’ve created a nice slider calculator on our website that will show you how much you will save over a 4-year period by using DriveOn VS traditional buying and selling. Simply slide the bar to the typical amount you spend on a car and see the results. For example: someone that typically spends $50k on a car will save over $25,000 in a 4-year span with DriveOn. The biggest expense you encounter when selling your car is depreciation; around 15-20% drop between year 2 and 3. We found that if you wait until your car gets older before selling, then you’ll save a ton of money in depreciation. Check out the website for more details and to see how much you will save.
Q: You mention a “luxury car sharing”… Hence the following question: what cars can be a part of this service?
A: We accept a wide range of higher-end makes and models valued between $20,000-$60,000, with less than 100,000 miles and less than 7 years old. You’ll find anything from a Mercedes C-class to an S-class, as well as a Jeep Grand Cherokee to a Range Rover.
Q: Now what everyone is wondering: how does maintenance work?
A: Great question. Before each car is sent to its next driver, we perform a 150-point inspection at your home or office. All cars must pass inspection to be able to go into the network. You cover maintenance and repairs for the car you own. If something breaks or has issues stemming from negligence or recklessness by the Driver, then he is responsible for repair costs.
Q: What happens when my car ages out of the network?
A: Once your car reaches 7 years old or exceeds 100,000 miles we can have it sold for you. That way you don’t have to deal with the horrible process of selling your car.
Q: When will you guys be launching this service?
Well, there you go! This is definitely an innovative model that will surely answer the prayers of many of us longing to change cars more frequently without spending an arm or leg (or both). The service will only launch in the USA, but I’m fairly certain something like that could also be very interesting in Europe! To sign up or to be notified when they launch, go to www.driveon.co.