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Is A Future Free of Private Cars Possible? Here’s How The Economy Will React

No private cars in the future? Don’t worry, Americans, your northerly neighbours aren’t ‘going commie’. It’s just the way of the millennial.

Car sales may not show it just yet, but the evidence is all around: private car ownership is declining. Rather, it is the interest in private car ownership that is declining. It’s not all to do with the excellent fleet our car rental Richmond Hill desk has: it’s just how people are choosing to live these days.

In this article, we aren’t going to debate the pros and cons of private car ownership. Rather we look at how the market is going to fill the mobility gap created by this turn of events. After all, just because you don’t own a car doesn’t mean you don’t move about.

Before we do, however, let’s see why car ownership is on the wane:

– Expensive parking
– Exorbitant insurance rates
– High fuel prices
– Depreciating value
– An unproductive asset that is stationary most of the day
– An expensive asset that ties you into ownership for many years

Car leasing – The new way of owning a car…without owning a car

In this, the gadget age, the urbane buyer feels an urge to upgrade every year (or… gasp… every other year). People now want that flexibility of their cars too. Car leasing has been extremely influential in persuading people to find alternative means of ‘owning’ a car without being burdened with a depreciating asset that will require increased maintenance with each passing year.

Why it works: A new car every few years; latest car tech at your fingertips; lower running costs; far fewer maintenance worries.

Car rental – The benefits of owning a car…without the hassles of owning a car

If you go to our car rentals Richmond Hill desk, you’ll be amazed by the variety of spanking new cars at your disposal. So many cars, so well-maintained, and at your beck and call. The experience of renting a car has become much less cumbersome too. Best of all, car rental in Richmond Hill is extremely convenient too. We offer fantastically competitive rates and deliver the car right to your doorstep!

Why it works: the car you want, when you want it; extremely competitive rates mean you don’t spend more than you need to; a large collection of cars to choose from.

Car-share – Owning a car… and making it pay for itself

Most privately owned vehicles either sit in the garage at night or in the company parking lot during the day, when they could be earning you a pretty penny. With the birth of the app-economy, car share has become a real money maker. Especially in dense cities like Toronto, it’s a fantastic convenience. It’s a simple premise: you, the car owner, earn while you… earn (at work). People who need last-minute mobility have access to a whole host of cars when they need it.

Why it works: Apps make real-time car sharing possible; a lucrative proposition for the car owner and the ‘borrower’; a car when you need it for however long you need it, sounds a lot like Richmond Hill car rentals

Ride-share – Not owning a car… and being all the more social for it

Ever wonder why public transport is so busy in the morning and evening? It’s because everyone is heading in roughly the same direction (as you). And that’s why ride sharing (carpooling, for you older folk) makes so much sense. Again, made much more accessible by apps, ride-share means you can hitch a ride with someone driving to the same/similar destination as you. Earn a pretty penny while you drive or get the comfort of travelling in a car without having to own it.

Why it works: Extremely agile ride-sharing marketplace; app-based ride-sharing is super simple.

Richmond Hill Car Rental

Car rental in Richmond Hill has opened up real options to car ownership. For the everyday commute, there are better and faster ways than driving yourself. For all other occasional uses, why park a private car and watch it depreciate and deteriorate from the moment you buy it?

At Advantage Car Rental we don’t just rent cars to our customers, we build long-lasting relationships. Our customers love how easily they can reach our representatives and how easily they can make a booking. Of course, our Richmond Hill car rentals desk has a vast selection of cars – all of which are immaculately maintained. Contact our car rental in Richmond Hill today and have a car delivered to your doorstep.

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