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Ford Thinks You’ll Rent Your Car to Help Pay Your Monthly Payment

Jun 24, 2015

Do you have your eye on a certain Ford vehicle, but you're not sure you'll be able to afford the monthly payments? Well, the company has a solution for you: rent out your car for short periods, offsetting the cost.

The new program is called Peer-2-Peer Car Sharing, and it's available now as a pilot program in Berkeley, Oakland, San Francisco, Portland, Chicago, Washington, D.C., and London. Ford cited research showing that one-third of millennials were interested in renting out their car as a way to supplement their income.

Right now, only customers invited by Ford can participate. To rent your car, it has to be financed through Ford Credit, the financing arm of Ford. Combined with Ford's recently announced car sharing service in London, it's clear the Detroit company wants to keep up with younger transportation leaders such as Uber and Car2Go.

The Wildest Concept Cars of 2014

The Chevy Chaparral 2x Vision concept car on display during the third day of media day at the LA Auto show.
Anybody can take Chevy's Chaparral 2x Vision concept car for a spin — anybody with Gran Turismo 6 for the Sony PlayStation, anyway, where the car is a playable download.Gene Blevins—LA DailyNews/Corbis
The Chevy Chaparral 2x Vision concept car on display during the third day of media day at the LA Auto show.
Toyota shows their future mobility concept Toyota FV2 during the 2014 International CES at the Las Vegas Convention Center on January 7, 2014 in Las Vegas.
Preview Day At The Moscow International Auto Salon
A worker cleans the floor beside Volkwagen's new concept car "TRISTAR" at the booth of German carmaker Volkswagen Nutzfahrzeuge ( Volkswagen Commercial Vehicles) at the IAA truck show in Hanover on Sept. 23, 2014.
Nissan shows their BladeGlider concept car on display during day 2 of media day at the LA Auto show on Nov. 19, 2014.
The Toyota C-HR Concept car is displayed on media day at the Paris Mondial de l'Automobile on Oct. 2, 2014.
The Maserati Alfieri concept car is displayed at the group's stand of the Geneva Motor Show, on March 4, 2014.
Mercedes-Benz's new Sport Utility Coupe concept car G-Code is seen at its unveiling event during the opening ceremony of Daimler AG's Mercedes-Benz research and development (R&D) centre in Beijing on Nov. 3, 2014.
A president-mobil concept car, designed by Georgy Ostretsov, is given a test run across the Zolotoi Rog (Golden Horn) Bay on Oct. 3, 2014. The car's engine is powered by ethanol biofuel.
Anybody can take Chevy's Chaparral 2x Vision concept car for a spin — anybody with Gran Turismo 6 for the Sony PlayStati
... VIEW MORE

Gene Blevins—LA DailyNews/Corbis
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