Pay As You Live – Brits could pocket £12.4bn from shunning ownership, embracing sharing
Following years of austerity and recession, exclusive research by Zipcar UK – the country’s leading pay-as-you-drive car club – has highlighted how cash savvy Britons could pocket £12.4bn in savings by embracing the "pay-as-you-live" economy and shunning traditional ownership of good and services.
London car owners face hidden insurance levy of £500 per year
London car owners are paying a hidden insurance levy, with the average car in the capital costing £500 more to insure per year than the rest of the UK, according to latest research from Zipcar, the UK’s largest pay-as-you-drive network.
At £1,170 per year on average, insuring a car in the capital works out 75% higher and costs £4.33 for every hour the car is typically in use, compared to £2.21 outside of London.
Croydon Council cuts employee car usage in half with Zipcar
Zipcar, the UK’s largest pay-as-you-drive car network, today announces a partnership with Croydon Council to provide a car club service to council employees. The agreement follows a competitive tender on the back of an initial pilot scheme, which saw Zipcar and Croydon Council achieve significant reductions in the council’s car usage, CO2 emissions, and overall travel costs.
SME Research: Small businesses paying out for costly transport that’s unutilised for 63% of the working week
With the end of the year in sight, Zipcar, Inc. (Nasdaq: ZIP), the UK’s largest pay-as-you-drive car network, today publishes research into the true cost of transportation to small and medium sized businesses (SMEs), with top findings revealing that company owned vehicles sit idle for a staggering two thirds (63%)1 of business hours per week.