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Carzi Partner Share

WHAT IS CARZI PARTNER SHARE?

Carzi Partner Share is the best place for your vehicle with more earnings, less risk and slower depreciation. Carzi Partner Share also includes full coverage insurance and basic maintenance for your vehicle. Carzi is NOT a car sharing platform. Carzi is an independently owned and operated Rental Car Operation.  All Carzi renters sign a rental agreement and there is no peer to peer element of Carzi.

WHATS THE CARZI PARTNER SHARE VALUE?
  • Greater vehicle exposure & better earnings: why limit your vehicle’s visibility to one platform.   With Carzi your vehicle can be rented on any of the below listed platforms.
  • Expedia.com
  • Kayak.com
  • Priceline.com
  • Orbitz.com.com
  • and 20+ more
  • Lower risk: Driver insurance verification, credit and card processing verification, and customer risk scoring = lower risk.  Plus as a carzi partner you earn from the young driver surcharge and protection plans purchased from customers. Plus no drivers under 21, an in-house claims team, and attorneys on retainer.
  • Retain more of your vehicle’s value:  Carzi is looking out for your earnings and your vehicle(s) value and longevity. carzi has limited the daily mileage allotment otherwise additional fees are the responsibility of the renter.   
  • The average carzi vehicle travels less than 1,700 miles per month.  That means longer earning potential over time and less depreciation.  Our vehicles are currently averaging less than 75 miles per day traveled compared to car sharing platforms who average 135 miles a day or more. 
  • For a new vehicle, carzi anticipates it lasting 3 years or more.

HOW MUCH CAN I EARN?
  • Better earnings: Because your vehicle is part of a commercial rental fleet it will have better utilization and better earnings.  Carzi Partner Share hosts received the following payouts for the designated time period below.

Payout per vehicle classification Feb 2023

ECAR: Economy car (Nissan Versa/Hyundai Accent) $351.20

ICAR: Intermediate car (Toyota Corolla/Nissan Sentra) $654.97

CFAR: Compact SUV (Nissan Kicks/Honda H-RV) $648.87

FFAR: Full size SUV (Nissan Pathfinder/Kia Telluride) $896.56

IFAR: Intermediate SUV (Jeep Cherokee/Kia Sportage) $739.53

MVAR: Minivan (Kia Carnival/Dodge Caravan) $855.73

HOW DOES IT WORK?
  • Shared revenue/expenses: Carzi partner share works on a shared earnings and expenses model. All revenue and all expenses for your vehicle and all vehicles in your vehicle(s) classification are shared amongst the fleet. Your monthly payout will be the average of the shared revenue and expense.

QUALIFICATIONS
  • How many cars can I have on carzi Partner Share?  Currently we offer up to 4 vehicles.
  • How long can I have my vehicle on c Partner Share?  Once your vehicle(s) reaches 65,000 miles, it would qualify for other carzi programs including “carzi Legacy” and “carzi Sell”.

PAYOUTS
  • How much do I earn?  carzi combines and distributes revenue and costs evenly throughout each vehicle classification.   Your payment is the average monthly revenue for the classification of your vehicle(s) minus average expenses (insurance, maintenance/repairs, marketing, etc).  
  • How/when do I get paid?  carzi Partner Share will remit payment via ACH before or on the 5th of each month.

MAINTENANCE
  • Carzi covers basic maintenance for your vehicle.   This includes:
  • Oil changes every 5,000 miles
  • Windshield replacements & repairs
  • Windshield wiper replacements
  • Tires (after 1st replacement)
  • Battery (after 1st replacement)

Other maintenance: Any other maintenance needed outside of these is the responsibility of the owner.   Any additional maintenance will be authorized by the owner prior to any repairs. 

INSURANCE & CLAIMS
  • Do I need to provide my own insurance?  No, included in your carzi Partner Share program is insurance.  Your vehicle will have 1MM liability policy and a separate comprehensive and collision policy.
  • What happens if my vehicle is in a wreck?   We got you!  You are covered!  The cost of repairs will be part of the expense distribution to the fleet.  Your payout will be no different than any other vehicle in the same class.  

HOW TO PARTICIPATE IN CARZI PARTNER SHARE
  • Who qualifies for carzi Partner Share?  Currently carzi Partner Share is by invitation only.

To request an invitation, submit the form below:

    RISK
    • RISK SCREENING: Comprehensive risk assessment tools to keep quality rentals/bookings with less risk.
    • CUSTOMER AGE: No renters under 21.
    • MILEAGE: 100 mile maximum per day mileage allowance for renters.
    • GEOLOCATION RESTRICTIONS: Vehicles are only permitted for in state travel.
    • DEPOSITS: Required for every rental. (higher for higher end vehicles)
    • INSURANCE: Verification when necessary. (higher end vehicles require full coverage)
    • CLAIMS: In-house claims team and attorneys on retainer.

    TERMS
    • Terms of service to be provided pending invitation approval