Entrepreneur

A New Way to Rent a Car

Two San Francisco-based startups, RelayRides and Getaround, have teamed up to create a new kind of car-rental company -- one that allows car owners to rent out their vehicles.
Andre Haddad and Sam Zaid of RelayRides and Getaround Source: twitter.com

There are few investments less sensible than car ownership. A new purchase loses close to 9 percent of its value the minute it leaves the dealer's lot, according to automotive-information site Edmunds. Further, most cars sit idle the majority of the time.

Two San Francisco-based startups, and , are working to change these inefficiencies--and snag a piece

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