Future Car Leases
In the not too distant future the model for owning cars will
become obsolete. Future car companies will start to lease vehicles
in a similar manner to cell phone plans with different service
levels and a mobile phone that can be upgraded every 2 or 3 years.
For instance future cars leases may give new car enthusiasts
the latest and greatest bells and whistles on a car and the owners
will pay a premium for this. After their 3-year lease is up, they
will lease another vehicle with all of the bells and whistles
similar to how it is today.
The leased vehicles, however, that are turned in won't be sold
at auction like they are today. They will be retrofitted as necessary
and released to those who want a quality car at a lower price.
When this lease is over with the owners will have the option to
release the car under a different plan at yet a lower price and
this cycle will happen for around 20 years which will be the lifespan
of the first vehicles to do this.
Think this is far-fetched and consumers and car companies will
never go for this? Well, this is exactly the business model for
Hyrban open source hydrogen fuel cell car. The future car lease
I've described is just as outlined.
Also, since the Hyrban is open source, its competitors will most
likely follow the same car lease model. One of the reasons for
this future lease business model is environmental. This will keep
vehicles out of the junkyard as long as possible.
Since the cars are hydrogen electric with the H2 coming from
renewable resources, they will be non-polluting, well to wheel
which will drastically cut down on vehicle emissions. Like the
space tourist spaceplanes that are being built today and some
racecars these future lease cars will be made from carbon composites
that are both 10 times stronger and lighter than steel.
Also, when one lease has expired and the vehicle body may be
repaired with carbon fiber composites, repainted and leased again
to the next consumer. Or it could be leased to the same consumer
only with a fresh coat of paint.
So you see, not only will future cars be built in an environmentally
friendly manner, be used in the same manner and disposed of (or
more likely recycled) in a very green manner, the future lease
will also reflect a cycle of sustainability and usability much
different than it is today.
But, let's step a little bit further into the future. Now, suppose
you live in an apartment complex in a large city and don't want
to own a car. Your apartment management company could lease cars
and you could pay a monthly fee to re-lease the cars from them
in an automobile-sharing program with your neighbors. Or you could
pay a flat pay-per-use fee.
Now, suppose in the future you live in a gated community that
already has its own Maglev light rail car and hydrogen-powered
bus for excursions into the city. The need for cars would be less.
Once again you could join into a car-sharing program with your
neighbors. The future vehicles could be leased by the association
and the re-lease price would be included in your monthly association
fees. Or, once again you could pay a flat pay-per-use fee for
As the future evolves, public transportation will increase and
the number of cars and need for cars will decrease moderately.
There will always be a need to automotive transportation for the
flexibility it affords. But, the idea of ownership of vehicles
will become more democratic and future car leases will evolve
along with this need.
Written by Kevin Lepton