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Maven Will Expand Peer-to-Peer Car-Sharing to 10 Cities

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By the end of this year, 10 more major cities will offer Maven’s peer-to-peer car sharing service. Detroit, Ann Arbor, Denver, and Chicago are already using the service, since GM piloted the program in these cities this past summer. According to the automaker, Los Angeles, San Francisco, Jersey City, Baltimore, Boston, and Washington, D.C. will be six of the 10 cities included in the expansion.

More details about the program

GM started Maven’s peer-to-peer service as a way to help car owners minimize the expenses associated with ownership. To access the program, vehicle owners simply go to Maven’s website and register their vehicle. Owners get to keep 60 percent of the earnings garnered from other drivers using their vehicle through this platform. That’s a significant source of side-income for those paying off a more pricey GM model like a Sierra.

Like with any program, however, there are a few stipulations. Owners must have a GM vehicle that’s 2015 or newer. The vehicle must also have an automatic transmission, and have no recalls on its record. Once these criteria are met, then the owner must install a keyless entry system on the vehicle, a process which usually takes four to six hours.

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Program benefits and outlook

Though the regimen to participate in the peer-to-peer service seems a bit rigid, it does have a couple of key perks. For one thing, GM will cover up to $1 million in liability insurance. That way, the owner can have peace of mind while letting other strangers drive their auto. Users of the service can also select from a fleet of cars when choosing their rental.

The U.S. isn’t the only market GM is focusing its Maven initiatives on. Maven has been so successful in the States that GM has jumpstarted a Maven offshoot in Perth, Australia earlier this month. We anticipate more news on Maven’s success both in the States, and abroad, as it broadens its focus from ridesharing to peer car rental services.

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News Source: The Verge