Interesting.. 1. On whose name is the vehicle registered? 2. Who would be the 'owner' when it comes to Insurance? 3. In case of a motor accident what would be the liability of the 'owner' (share holder)? 4. How are traffic law violations on the vehicle handled? Some 'owners' may overspeed, some may not. But who pays the fine? 5. How are FasTag recharges handled?
The car is registered under the name of the LLP and all the co-owners are shareholders of that LLP. There's no liability for the other shareholders, the person who has done the accident will only be responsible for it. Please check out the FAQ on www.proratacar.com
What if someone makes an accident??Obviously the car value will go down in the market and all the remaining 11 co-owners will have to bear one person’s mistake.
Most people need Vehicle during holidays or long weekends. With 12 Co-Owners, all wanting the car on same ‘High Demand’ days, how will it be allotted? What if I end up not getting the Vehicle on the days I need and forced to pick up only on the available dates which I don’t need?
1. What if I want to sell my car ownership after 15 days or 30 days of usage ?? Does pro rata guarantee refund of my money invested on pro rata basis ? 2. If I’m transferred to a different city then will my ownership be transferred also ?
In case of relocation to a different city or if you want to sell your shares we provide this option to sell your share of the partnership after 1,2 or how many ever years after the purchase of the car. The partner will br given his money back according to the number of tickets available and after charging the depreciation of the car.
Suppose if i wanna take xuv700 , it's under my share for 5yrs how much i need to pay ? 2 lakhs for 5 years ? Or just 1yr. And in between class happens between two like saying i will b needing lot same way other person would v booked and what if i wanted same date ? And selling time car value goes down , it's /12 right if we sell.
1. 2 lakhs is for 5 years which is 8.33% of the total cost of the car. It's a one-time payment. 2. There would be no clash because the bookings are managed by the intelligent calendar booking system on the Prorata app. Once you have blocked out the dates, nobody else can take the car. 3. Yes! You get the depreciated value according to the number of shares you have in the car. Please check out the FAQ section of our website for more information. Website- www.proratacar.com
yha concept is good but not practical consider i wanna fortuner worth 42on road: i need 3.5lakh + 25k per year - initial 50k every year - for next 4yrs such that every year i get only 30days ride i dont have command on time or date suppose in fest i want to go to temple besides fortuner i need to choose bus at 91.67% rate expecially (newyear) at accidents or any disaster the equity may not be satisfactory for once cause to other 11 better opt for bachulors rather than family ×××××××××××××××××××××××××× this can be made revolutionarise only when the company also involve in purchase maybe 50% share.... making all the paper work ending and starting as same however, shortening the co-owners + increasing the duration in each hand if possible making constant dates for an year... hope these are just few to make this startup alive
This is gonna be revolutionary
NO
People are resisting rn because it's hard to change, as renting vehicles is new in the scene too. But I wish this thing goes pan India
Interesting..
1. On whose name is the vehicle registered?
2. Who would be the 'owner' when it comes to Insurance?
3. In case of a motor accident what would be the liability of the 'owner' (share holder)?
4. How are traffic law violations on the vehicle handled? Some 'owners' may overspeed, some may not. But who pays the fine?
5. How are FasTag recharges handled?
The car is registered under the name of the LLP and all the co-owners are shareholders of that LLP. There's no liability for the other shareholders, the person who has done the accident will only be responsible for it. Please check out the FAQ on www.proratacar.com
Hi,
As u have said that 4-12 owners for a car. If two or three of the owners want to use the car at the same time. How will you resolve that.
first come first get
only if that first come doesnt exceed 30days
As she said using an app all 12 people can reserve the date like train reservation. First come first serve😂😂😂
How is petrol handsoff calculated :)
What if someone makes an accident??Obviously the car value will go down in the market and all the remaining 11 co-owners will have to bear one person’s mistake.
Most people need Vehicle during holidays or long weekends. With 12 Co-Owners, all wanting the car on same ‘High Demand’ days, how will it be allotted?
What if I end up not getting the Vehicle on the days I need and forced to pick up only on the available dates which I don’t need?
Great idea. Should start this model for premium bikes also like royal enfield, Harley davidson etc.
Black scorpio
They should also introduce good condition second hand cars on their platform at a lower price per ticket.
after 5 yrs car will be sold na?how much money i get back?
1. What if I want to sell my car ownership after 15 days or 30 days of usage ??
Does pro rata guarantee refund of my money invested on pro rata basis ?
2. If I’m transferred to a different city then will my ownership be transferred also ?
In case of relocation to a different city or if you want to sell your shares we provide this option to sell your share of the partnership after 1,2 or how many ever years after the purchase of the car. The partner will br given his money back according to the number of tickets available and after charging the depreciation of the car.
The concept sounds good, how can we know that this is not a scam ? I really want to know before actually going ahead with this.
To understand our model completely watch our episode on Shark Tank India S3.
1 step closer to great reset.
This is crazy… it’s like a car sharing / vanpool / carpool program on steroids… I want my car not a Co-owned car.
Suppose if i wanna take xuv700 , it's under my share for 5yrs how much i need to pay ? 2 lakhs for 5 years ? Or just 1yr.
And in between class happens between two like saying i will b needing lot same way other person would v booked and what if i wanted same date ?
And selling time car value goes down , it's /12 right if we sell.
1. 2 lakhs is for 5 years which is 8.33% of the total cost of the car. It's a one-time payment.
2. There would be no clash because the bookings are managed by the intelligent calendar booking system on the Prorata app. Once you have blocked out the dates, nobody else can take the car.
3. Yes! You get the depreciated value according to the number of shares you have in the car.
Please check out the FAQ section of our website for more information.
Website- www.proratacar.com
@@proratacar its of no use actually if some on has blocked the car and i want the car on same date. then ?
Here after Shark tank
Thar
yha concept is good but not practical
consider i wanna fortuner worth 42on road:
i need
3.5lakh + 25k per year - initial
50k every year - for next 4yrs
such that every year i get only 30days ride
i dont have command on time or date suppose in fest i want to go to temple besides fortuner i need to choose bus at 91.67% rate expecially (newyear)
at accidents or any disaster the equity may not be satisfactory for once cause to other 11
better opt for bachulors rather than family
××××××××××××××××××××××××××
this can be made revolutionarise only when the company also involve in purchase maybe 50% share....
making all the paper work ending and starting as same
however,
shortening the co-owners
+
increasing the duration in each hand if possible making constant dates for an year...
hope these are just few to make this startup alive
Why 50k every year?
Just amc I guess 25k
Book a ferrari
15 lac for 30 days a year….what a joke
Dear Joker , calculate 30 days car rental for the same model , after 5 years you get 50% of the invested amount
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