Ford Will Now Let You Rent Out Your New Car To Pay Off Car Loans

Ford Will Now Let You Rent Out Your New Car To Pay Off Car Loans
Buying a new car is a horrifying ordeal. Not only does it signal progression in real human adulthood, it burdens you with debt. It’s also never the dream car you thought you’d buy out of college when you were 14.

“This Toyota Camry doesn’t look at all like the F-150 King Ranch we talked about in eighth grade,” says your younger self, haunting you in your sleep. “What the fuck are you thinking?”

But by the age of 23, you’re probably still driving your dilapidated college whip. It surely has anywhere between 130,000 and 160,000 miles on it, breaking down once a month leaving you carless and Uber-ing to and from work.

Well, now if you buy a new Ford you may not have to sign up to drive Uber at night as a means of paying off your car loans. The Detroit-based car company is helping you out by letting you rent your new ride to other drivers to pay off those debts.

From The Next Web:

Ford has launched Peer-2-Peer Car Sharing, a program that lets customers rent their cars to other drivers for short periods of time and offset monthly vehicle ownership costs.

The company is inviting 14,000 drivers in Berkeley, Oakland, San Francisco, Portland, Chicago and Washington D.C. in the US and 12,000 more in London to trial the program.

Ford says that all renters will be prescreened. They’ll be able to use Getaround’s service to find vehicles in the US; easyCar Club will offer the same functionality to drivers in the UK.

Strangers in your new car? It’s 2015. This is the world we live in now. Ride-sharing. Car-sharing. House-sharing. Wife-sharing. You young, progressive millennials should understand that by now.

It actually sounds like a solid plan for buying a new car. Since we are all at the age where stretching paychecks matters, it’s a cool initiative that hopefully won’t end in strangers stealing our cars or wrecking them into street poles.

[via The Next Web]

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