Have you ever wanted to drive a Ferrari? You can with SHAiR! In this episode, I interview Greg Martel and Garrick DelaFuente about SHAiR, a car-sharing service that focuses on higher-end vehicles. We’ll talk about what it’s like running a company in this market, how they’re helping drivers and owners, and more.
Listen to this episode on your phone here.
Intro to Greg and Garrick
- Greg is the Founder and CEO of SHAiR
- Garrick is the co-founder and Vice President of SHAiR
- Both have spent their careers in numerous industries
- SHAiR is a peer-to-peer car sharing community
What is SHAiR?
- Began buying and renting out luxury cars
- Worth it to rent out luxury cars
- 32-35 luxury cars
- In every state but New York – post your car from almost anywhere!
Challenges
- How popular will a vehicle be? Depends on the vehicle!
- Unfortunately, there have been issues (identity theft, for example) but can be mitigated
- Teaching about financial literacy
- Renting out your own luxury vehicle – it’s running a business!
Who Uses SHAiR?
- As SHAiR becomes more well-known, people who have a luxury vehicle, don’t use it a lot
- Some people have second luxury cars – they can rent those out
- Clear the model works
- Owners set the price of the vehicle
What’s Next for SHAiR?
- Building trust – make it easy for someone to do this!
- Grow trust like AirBnb did
- Tech perspective – there’s a lot!
- Safety features
Outro
- Thanks to Greg and Garrick for coming on the podcast!
- It was great getting an insight into how SHAiR works – I think this model is very cool!
- I tested their model, and they have great availability
- Example of a business growing its on fleet – it’s a grind but there are a lot of tools out there
