Ford Credit Link Has a Group Car Share Program That's App-Enabled
Alyson Wyers — March 23, 2016 — Autos
References: fordcreditlink & springwise
This car share scheme in Texas gives multiple people access to the same Ford vehicle. Essentially a timeshare, but for a car, this offering from Ford Credit Link enables people to share the cost and lease a new vehicle using an app.
The concept of sharing a lease with friends or family is ideal for drivers who do not need a car all of the time. The app enables users to keep track of the group's schedule and account status. Every person in the group is responsible for all lease terms, but Ford Credit Link helps with the coordination of scheduling and payments. You can also track the car's location and reserve your own time with it. The group is also able to get insurance from any provider.
The concept of sharing a lease with friends or family is ideal for drivers who do not need a car all of the time. The app enables users to keep track of the group's schedule and account status. Every person in the group is responsible for all lease terms, but Ford Credit Link helps with the coordination of scheduling and payments. You can also track the car's location and reserve your own time with it. The group is also able to get insurance from any provider.
Trend Themes
1. Car Lease-sharing - Disruptive innovation opportunity: Develop a platform that connects individuals looking to share a car lease, offering a cost-effective and flexible alternative to traditional car ownership.
2. Group Car Share Programs - Disruptive innovation opportunity: Create an app-enabled service that allows groups of people to collectively lease and share a vehicle, providing greater convenience, cost-sharing, and scheduling coordination.
3. App-enabled Car Sharing - Disruptive innovation opportunity: Build an app-based solution for car sharing where users can easily locate, reserve, and pay for vehicles, fostering a more sustainable and flexible transportation system.
Industry Implications
1. Automotive Leasing - Disruptive innovation opportunity: Integrate technology and collaborative platforms into the automotive leasing industry to enable car lease sharing, unlocking new revenue streams and reducing the need for individual car ownership.
2. Shared Mobility - Disruptive innovation opportunity: Expand the shared mobility industry by developing group car share programs that cater to the needs of communities, allowing efficient utilization of vehicles and reducing congestion and environmental impact.
3. Insurtech - Disruptive innovation opportunity: Create innovative insurance solutions tailored to car lease-sharing schemes, providing comprehensive coverage and streamlined processes for groups of individuals sharing leased vehicles.
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