Striving to Solve Problems Arising from Car Ownership
Car ownership is extremely high in Malaysia. Most people own a car to get around as many places are not connected to public transportation. The concept of Airbnb for cars by Moovby benefits everyone. We developed a platform to allow all car owners to rent out their idle cars for people that need them. Moovby is committed to tackle 3 major issues which is bankruptcy, underutilized cars, and car overpopulation in Malaysia.
26.44% of bankruptcy cases in Malaysia arises due to car loan defaults. Car ownership is a heavy burden which many cannot afford. By being able to share cars easily, anyone would be able to rent cars from people nearby rather than buying their own car as it involves monthly installment, maintenance, fuel cost, insurance, etc. Car sharing will help alleviate many from the burden of loans and huge debt leading to bankruptcy.
Most cars are extremely underutilized, being parked 95% of the time or up to 22 hours each day. We want to eliminate chances of cars sitting idle, with their price depreciating everyday. Car owners can generate extra passive income by renting out their idle cars to people who need one. Finding a parking spot is a painful experience, especially for folks around the Klang Valley area. We hope utilizing the idle cars that take up these parking spaces will improve parking problems in crowded areas.
Moovby also solves car overpopulation by taking away cars from the streets and parking bays. Total cars on the road can be reduced by people sharing their cars. Rather than renting from car rentals that purchases their own fleet to accommodate the high demands of cars, Malaysians can rent from their own local community’s underused cars. Too many cars on the streets causes bad traffic congestion and results in a severe lack of parking spaces.
Share your vehicle and earn extra income from our community or start renting your neighbor’s car on the Moovby app today!
Moovby is looking to challenge car ownership issues in Malaysia while simultaneously solving problems arising from these issues. As a peer to peer car rental platform, we allow car owners to rent out their cars to people nearby hourly, daily, weekly or even monthly.
#sharingeconomy #peertopeer #airbnbforcars
