The sharing economy continues to evolve, and this time the motorcycle segment gets in on the action with Riders Share launching a new subscription-based, peer-to-peer motorcycle rental service. By purchasing the Rider Pass plan, motorcyclists get to try out different flavored streetbikes, at a discount, for a reasonable monthly fee (requires annual subscription).
Riders Share connects bike owners and would-be riders allowing them to easily share vehicles for a predetermined rate. With more than 100,000 registered users in the US, Riders Share offers a wide variety of used and new motorcycles to rent. Through its slick web interface, it is easy to try out different types of motorcycles while providing an added income source for owners who have bikes sitting idle in the garage.
“When I was younger, I crashed a bike and couldn’t afford to buy another one to replace it,” Riders Share founder and CEO Guillermo Cornejo says. “Rider Pass would have made it possible to ride again without committing thousands of dollars, and hours of time searching for a bike to purchase.”
For $24 per month subscribers get a 35 percent discount on each rental experience and free motorcycle delivery up to $50. To qualify for this plan, customers need to be over the age of 25 and have a valid motorcycle endorsement. A credit score above 700 and an unblemished rental history with Riders Share (generally less than 10 percent claim history) are also required. Renters can save an additional $2 per month by prepaying for a year’s service.
“There are more than 20 million licensed riders who don’t currently own a bike,” Cornejo continues. “Think of parents who want to spend time with their kids and can’t justify investing in a motorcycle that they won’t use every day. We made this 35 percent discount with them in mind, and we’ll continue to find ways to make riding more accessible.”
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