This page contains a single entry from the blog posted on November 4, 2011 5:47 AM.
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It will be really interesting when some young dummy gets involved in a major accident in a high dollar rental; and they quickly find out that Buffett's cheap ass insurance company is not going to pay for all of the damages.
If I loan you my car, and you get in a wreck, even if you have your own insurance policy, that accident goes on MY insurance record, and MY insurance rates go up. Not a good risk for the estimated $200/month I could get, assuming anybody would want to drive my 1994 Camry or 2000 Sienna.
After reading the Bill, It looks like someone could easily find the loopholes and reduce their own insurance, get the ride sharing facilitator to pay for the small dings and dents, and maybe allow private owners to mortgage a beater car at a higher than street value. http://www.leg.state.or.us/11reg/measpdf/hb3100.dir/hb3149.intro.pdf
2) Person rents your car, gets drunk, gets in an accident, makes someone a quadriplegic.
3) When you get the legal notice in the mail announcing that you are being sued for millions of dollars, just write back "I had nothing to do with it - I was just sharing my car".
Jack, does this rental income count as income for tax purposes? I would think that it would, and those who partricipate as owners are going to be surprised when the taxes on the income come due.
ZipCar is pretty great because you can rent a variety of vehicles (we rent vans for transporting large groups of family members from time to time), you can do it online, you know the vehicle will be clean and available, you don't have to pay for gas, etc. When you have to depend on another person, it's much more questionable. I wonder how often the rental car isn't available because the person had to run and pick up their kids, or because someone had to go to the ER, or whatever. Combining a rental service with the random events of human life seems like a bad match.
"But in the end, this means more people will be driving more cars. How are the car haters going to deal with that?"
The "car haters" love this idea - what they would like to do eventually is ban private ownership of cars, and force people to get around via public transportation and the occasional highly-taxed Zipcar rental. Anything that they think reduces the percentage of people owning cars will meet with their support.
But in the end, this means more people will be driving more cars.
Not true, at least according to Zip Car. So much of a private car's cost is a fixed expense that the owner's incremental cost is not high enough to induce one to scale back driving. But selling one's car and using a Zip car (or other arrangement such as this) makes almost all of the expense incremental, and reduces net mileage driven.
Each Zip car is claimed to replace 5-6 private cars.
In principle, it's a great idea. I'm sure lots of people had a nervous reaction to Airbnb when it first got started. Airbnb is the only travel accommodation I ever plan on using in the future; we even used it in Australia and it was a cinch. Nothing like an advance opportunity to get a Google street view of the house, or getting excited in advance about pictures of the fabulous view over the ocean from the host's living room, or to find a typed list of the best eateries nearby and a plate of cookies on the kitchen countertop when you arrive.
Charamba, Douro 2008
Horse Heaven Hills, Cabernet 2010
Lorelle, Horse Heaven Hills Pinot Grigio 2011
Avignonesi, Montepulciano 2004
Lorelle, Willamette Valley Pinot Noir 2011
Villa Antinori, Toscana 2007
Mercedes Eguren, Cabernet Sauvignon 2009
Lorelle, Columbia Valley Cabernet 2011
Purple Moon, Merlot 2011
Purple Moon, Chardonnnay 2011
Abacela, Vintner's Blend No. 12
Opula Red Blend 2010
Liberte, Pinot Noir 2010
Chateau Ste. Michelle, Indian Wells Red Blend 2010
Woodbridge, Chardonnay 2011
King Estate, Pinot Noir 2011
Famille Perrin, Cotes du Rhone Villages 2010
Columbia Crest, Les Chevaux Red 2010
14 Hands, Hot to Trot White Blend
Familia Bianchi, Malbec 2009
Terrapin Cellars, Pinot Gris 2011
Columbia Crest, Walter Clore Private Reserve 2009
Campo Viejo, Rioja, Termpranillo 2010
Ravenswood, Cabernet Sauvignon 2009
Quinta das Amoras, Vinho Tinto 2010
Waterbrook, Reserve Merlot 2009
Lorelle, Horse Heaven Hills, Pinot Grigio 2011
Tarantas, Rose
Chateau Lajarre, Bordeaux 2009
La Vielle Ferme, Rose 2011
Benvolio, Pinot Grigio 2011
Nobilo Icon, Pinot Noir 2009
Lello, Douro Tinto 2009
Quinson Fils, Cotes de Provence Rose 2011
Anindor, Pinot Gris 2010
Buenas Ondas, Syrah Rose 2010
Les Fiefs d'Anglars, Malbec 2009
14 Hands, Pinot Gris 2011
Conundrum 2012
Condes de Albarei, Albariño 2011
Columbia Crest, Walter Clore Private Reserve 2007
Penelope Sanchez, Garnacha Syrah 2010
Canoe Ridge, Merlot 2007
Atalaya do Mar, Godello 2010
Vega Montan, Mencia
Benvolio, Pinot Grigio
Nobilo Icon, Pinot Noir, Marlborough 2009
Portuga, Rose 2011
Revelation, Chardonnay, Pays d'Oc 2010
Beaulieu, Cabernet, Rutherford 2005
Monte Alto, Tinto Reserva 2005
Chateau Ste. Michelle, Cabernet, Indian Wells 2009
Espiral, Vinho Rose
Vin-Koru, Pinot Gris 2011
14 Hands, Hot to Trot Red 2009
Rodney Strong, Cabernet, Sonoma 2009
Abacela, Vintner's Blend #11
Portuga, White 2010
La Bourgeoisie, Red 2009
Januik, Red 2009
Three Rivers, River's Red 2008
Kirkland, Alexander Valley Merlot 2008
Muga, Rioja Rose 2010
Quinta das Amoras, Vinho Tinto 2009
Mauro Molino, Barbera d'Alba 2009
Garda Chiaretto Rose
Columbia Crest, Two Vines Vineyard 10 White
Chateau Ste. Michelle, Pinot Gris, Columbia Valley 2009
L'Hortus, Rose de Saignee 2010
Maculan, Pino & Toi 2008
McKinley Springs, Bombing Range Red 2008
Trader Joe's Pinot Gris 2009
Montes Alpha, Cabernet 2007
Gran Sasso, Sangiovese, Terre di Chieti 2009
Garda, Classico Chiaretto Rose
Beaulieu, Cabernet, Rutherford 1999
Picos del Montgo, Tempranillo 2008
Chateau de Montmirail, Vacqueyras 2008
La Granja 360, Syrah 2009
Montgras, Carmenere Reserva 2009
Lange, Pinot Gris 2009
Columbia Crest, Horse Heaven Hills Cabernet 2008
Kirkland, Pinot Grigio 2010
Trader Joe's Coastal Syrah 2009
Columbia Crest, Horse Heaven Hills Merlot 2008
Trader Joe's Coastal Chardonnay 2009
Vieux Papes Red
Domaine de l'Aujardiere, Chardonnay 2009
Santa Rita, Cabernet, Medalla Real 2007
Penfold's, Koonunga Hill Shiraz Cabernet 2008
Guild, Red, Lot #02 2008
Dievole, Dievolino Sangiovese 2008
Laforet, Burgogne Chardonnay 2009
Columbia Winery, Merlot 2007
Bonterra, Cabernet 2008
Elk Cove, Pinot Gris 2009
Maquis Lien 2006
Scott Paul, Pinot Noir, Le Paulee 2007
The Occasional Book
Neil Young - Waging Heavy Peace
Mark Bego - Aretha Franklin, the Queen of Soul (2012 ed.)
Jenny Lawson - Let's Pretend This Never Happened
J.D. Salinger - Franny and Zooey
Charles Dickens - A Christmas Carol
Timothy Egan - The Big Burn
Deborah Eisenberg - Transactions in a Foreign Currency
Kurt Vonnegut Jr. - Slaughterhouse Five
Kathryn Lance - Pandora's Genes
Cheryl Strayed - Wild
Fyodor Dostoyevsky - The Brothers Karamazov
Jack London - The House of Pride, and Other Tales of Hawaii
Jack Walker - The Extraordinary Rendition of Vincent Dellamaria
Colum McCann - Let the Great World Spin
Niccolò Machiavelli - The Prince
Harper Lee - To Kill a Mockingbird
Emma McLaughlin & Nicola Kraus - The Nanny Diaries
Brian Selznick - The Invention of Hugo Cabret
Sharon Creech - Walk Two Moons
Keith Richards - Life
F. Sionil Jose - Dusk
Natalie Babbitt - Tuck Everlasting
Justin Halpern - S#*t My Dad Says
Mark Herrmann - The Curmudgeon's Guide to Practicing Law
Barry Glassner - The Gospel of Food
Phil Stanford - The Peyton-Allan Files
Jesse Katz - The Opposite Field
Evelyn Waugh - Brideshead Revisited
J.K. Rowling - Harry Potter and the Sorcerer's Stone
David Sedaris - Holidays on Ice
Donald Miller - A Million Miles in a Thousand Years
Mitch Albom - Have a Little Faith
C.S. Lewis - The Magician's Nephew
F. Scott Fitzgerald - The Great Gatsby
William Shakespeare - A Midsummer Night's Dream
Ivan Doig - Bucking the Sun
Penda Diakité - I Lost My Tooth in Africa
Grace Lin - The Year of the Rat
Oscar Hijuelos - Mr. Ives' Christmas
Madeline L'Engle - A Wrinkle in Time
Steven Hart - The Last Three Miles
David Sedaris - Me Talk Pretty One Day
Karen Armstrong - The Spiral Staircase
Charles Larson - The Portland Murders
Adrian Wojnarowski - The Miracle of St. Anthony
William H. Colby - Long Goodbye
Steven D. Stark - Meet the Beatles
Phil Stanford - Portland Confidential
Rick Moody - Garden State
Jonathan Schwartz - All in Good Time
David Sedaris - Dress Your Family in Corduroy and Denim
Anthony Holden - Big Deal
Robert J. Spitzer - The Spirit of Leadership
James McManus - Positively Fifth Street
Jeff Noon - Vurt
Road Work
Miles run year to date: 21
At this date last year: 52
Total run in 2012: 129
In 2011: 113
In 2010: 125
In 2009: 67
In 2008: 28
In 2007: 113
In 2006: 100
In 2005: 149
In 2004: 204
In 2003: 269
Comments (19)
I already take part in a car sharing program. It's called parking your car at the MAX Park'n Ride.
Posted by ron | November 4, 2011 5:59 AM
Oh, how badly Portland wants to become San Francisco del Norte.
Posted by Mr. Grumpy | November 4, 2011 6:34 AM
It will be really interesting when some young dummy gets involved in a major accident in a high dollar rental; and they quickly find out that Buffett's cheap ass insurance company is not going to pay for all of the damages.
Posted by Dave A. | November 4, 2011 6:45 AM
My first thought was about the insurance also.
If I loan you my car, and you get in a wreck, even if you have your own insurance policy, that accident goes on MY insurance record, and MY insurance rates go up. Not a good risk for the estimated $200/month I could get, assuming anybody would want to drive my 1994 Camry or 2000 Sienna.
Posted by Michelle | November 4, 2011 7:01 AM
After reading the Bill, It looks like someone could easily find the loopholes and reduce their own insurance, get the ride sharing facilitator to pay for the small dings and dents, and maybe allow private owners to mortgage a beater car at a higher than street value. http://www.leg.state.or.us/11reg/measpdf/hb3100.dir/hb3149.intro.pdf
Posted by dhughes609 | November 4, 2011 7:28 AM
It's very simple.
1) Rent your car out through this system.
2) Person rents your car, gets drunk, gets in an accident, makes someone a quadriplegic.
3) When you get the legal notice in the mail announcing that you are being sued for millions of dollars, just write back "I had nothing to do with it - I was just sharing my car".
4) Poof! The lawsuit goes away, as if by magic!
Posted by Random | November 4, 2011 7:28 AM
.....and then there is the guy who just needs to use the car to run to the bank and make a "little withdrawal", or to deliver an important "package".
Posted by Gibby | November 4, 2011 7:55 AM
Jack, does this rental income count as income for tax purposes? I would think that it would, and those who partricipate as owners are going to be surprised when the taxes on the income come due.
Posted by John Rettig | November 4, 2011 8:21 AM
I don't know about the surprise, but of course the rental income will be gross income. Schedule E, I believe. You'll likely need an accountant.
Posted by Jack Bog | November 4, 2011 8:38 AM
There will be Getaround cars in Beaverton and Lake Oswego, Atcheson says. “Zipcar would never place a car there.”
The guy needs to do a little better research. There are Zipcars in Beaverton.
But in the end, this means more people will be driving more cars. How are the car haters going to deal with that?
Posted by Jon | November 4, 2011 9:17 AM
ZipCar is pretty great because you can rent a variety of vehicles (we rent vans for transporting large groups of family members from time to time), you can do it online, you know the vehicle will be clean and available, you don't have to pay for gas, etc. When you have to depend on another person, it's much more questionable. I wonder how often the rental car isn't available because the person had to run and pick up their kids, or because someone had to go to the ER, or whatever. Combining a rental service with the random events of human life seems like a bad match.
Posted by Dave J. | November 4, 2011 9:32 AM
"But in the end, this means more people will be driving more cars. How are the car haters going to deal with that?"
The "car haters" love this idea - what they would like to do eventually is ban private ownership of cars, and force people to get around via public transportation and the occasional highly-taxed Zipcar rental. Anything that they think reduces the percentage of people owning cars will meet with their support.
Posted by Random | November 4, 2011 10:29 AM
Be sure to smile for the red light cameras and photo radar...
Posted by Mike (one of the many) | November 4, 2011 10:33 AM
Great until some 5 year-old gets carsick in back seat or smears ketchup all over. Or you find empty vodka bottles rattling around.
Posted by dm | November 4, 2011 11:00 AM
But in the end, this means more people will be driving more cars.
Not true, at least according to Zip Car. So much of a private car's cost is a fixed expense that the owner's incremental cost is not high enough to induce one to scale back driving. But selling one's car and using a Zip car (or other arrangement such as this) makes almost all of the expense incremental, and reduces net mileage driven.
Each Zip car is claimed to replace 5-6 private cars.
Posted by John Rettig | November 4, 2011 11:50 AM
People don't choose ZipCars because they save you money, they choose them because they rarely need one and can't justify the full-time expense.
Posted by Mr. Grumpy | November 4, 2011 12:09 PM
Is your car still subject to seizure if you use it to solicit a prostitute? If so, this program has at least one practical use.
Posted by Allan L. | November 4, 2011 12:21 PM
In principle, it's a great idea. I'm sure lots of people had a nervous reaction to Airbnb when it first got started. Airbnb is the only travel accommodation I ever plan on using in the future; we even used it in Australia and it was a cinch. Nothing like an advance opportunity to get a Google street view of the house, or getting excited in advance about pictures of the fabulous view over the ocean from the host's living room, or to find a typed list of the best eateries nearby and a plate of cookies on the kitchen countertop when you arrive.
Posted by gaye harris | November 4, 2011 12:53 PM
Be sure to smile for the red light cameras and photo radar...
Especially since the state gets a cut of the violation money from cities' photo enforcement programs.
Posted by Soon-to-be-Dr. Alex | November 4, 2011 8:11 PM