TrustedCars Revolutionizing Car Ownership

Giedrius B
2 min readAug 24, 2018

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TrustedCars is implementing a simple, step-by-step process for ride rentals that does not hinge upon a long-term contract. A customer first signs up through the application, committing to a weekly payment model that varies in cost depending upon the type of vehicle selected. Customers are then able to rent the vehicle for as long as they wish, paying only the agreed upon weekly fee, with the option to switch vehicles at any time. TrustedCars is prioritizing simplicity and ease of access in creating their service. Rental companies or car dealerships supply the vehicles, making TrustedCars the intermediary between customer and service (much like Uber) that can all be accomplished through the application as opposed to dealing with the hassle of in-person rental registration.

The potential market share or TrustedCars, based out of Germany, goes beyond the typical headache inducing experience of renting a car while travelling abroad. While potential vacationers and corporate jet-setters will benefit heavily from the easy to use, reduced cost rental service TrustedCars is providing, the company’s target user base is the average person, particularly those living in metropolitan areas where car ownership is already on the decline. Renting a car as opposed to outright purchasing allows consumers to allocate their resources more efficiently, in addition to providing greater variety through the vehicle swapping feature.

TrustedCars has outlined four primary solutions they are offering to improve the experience of modern car driving:

  1. Commitment free. Drivers are held to weekly payments so long as they wish to drive the car. They also have the option of switching to another vehicle to better suit their needs and tastes.
  2. Paperless. Mobile function is going to be a key feature for TrustedCar, similar to the way Uber used their smartphone app to disrupt the ridesharing industry in less than a decade. TrustedCars is building upon the familiar feature of vehicle operation through phones, bringing car rentals into the digital age.
  3. Affordable. TrustedCars is an all-inclusive service, with insurance and other fees being wrapped into the weekly fee. The company is aiming to make the service affordable, thereby increasing the appeal over traditional rental agencies. Through the efficiency of cryptocurrency, TrustedCars is hoping to compete with the major players in the industry, relying upon existing agencies and possibly dealerships to recruit vehicles for the rental pool.
  4. Peace of mind. Although understated, a massive benefit to the TrustedCars user is the ability to have access to a vehicle on demand. Need to make an unexpected visit to a relative three states over? TrustedCars has a vehicle just a signature away. The modern age, driven by the innovation of cryptocurrency, is giving individuals access to resources when they need them, as opposed to contributing to monetary and material waste for unused vehicles.

Don’t forget to register at: https://ico.trustedcars.com

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