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Leased Cars To Join Sharing Economy As EasyCar Club Expands It's Fleet

By Maddy Price
Wednesday, September 21, 2016 - 14:33

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easyCar Club, the UK’s leading peer-to-peer car rental brand, has today announced a partnership with vehicle leasing company, Wheels4Sure, in a move that will enable new and existing leasing customers to rent out their car through the easyCar Club platform.

Wheels4Sure specialises in supporting customers with reduced access to traditional financing. The partnership, which will undergo a trial in London before being rolled out to other cities and lessees across the UK, is expected to help lessees offset the costs of vehicle leasing, while offering easyCar Club renters a wider and newer selection of cars to choose from.

In a typical case, a lessee of a new compact car (e.g. Vauxhall Corsa) who pays £299 a month could expect to make £150 through six days rent, representing a saving of 50 per cent.

Commenting on the partnership, Richard Laughton, CEO at easyCar Club said: “We’re delighted to be opening up the sharing economy to the car leasing industry. Not only does this represent great, new opportunities for lessees to earn and renters to save, it also ultimately helps us make a real environmental impact by reducing the need to own.”

Reginald Larry-Cole, Managing Director at Wheels4Sure said: “The partnership with easyCar brings a new dynamic to the Wheels4Sure offer. Not only can people with reduced access to traditional finance lease a brand new car but now they can offset some of the cost by renting out their vehicles through easyCar. This partnership is indicative of how people will be accessing and using cars in the coming years.”

When registering a vehicle with easyCar Club, owners are free to set up their car’s availability for times that suit them, along with preferences for booking methods. easyCar Club also provides owners with secure key safes for convenient remote hiring.

Wheels4Sure.com provides brand new vehicles from a range of top brands direct from the manufacturer to people who have proven liquidity but find it difficult to access mainstream credit, for example because of a lack of credit history or a period abroad. Many of its clients are key workers who need access to reliable vehicles for their jobs. Part of the Buy2LetCars.com Group, the lease vehicles are funded by individual investors rather than big banks or building societies so that people are the winners, both as investors and as drivers.

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