HiGear was a peer-to-peer car rental service that began in San Francisco six months ago, had opened up shop in Los Angeles, and was in the process of expanding to to other West Coast cities. Specializing in luxury cars under $100,000, members offered their cars up for rental to other locals at rather excellent rates. Cars above six figures were included after being vetted by the service – members were vetted as well – and the service provided comprehensive insurance to protect owners and renters.

According to TechCrunch, that apparently didn't stop a car-theft ring from targeting HiGear and making off with four cars worth between $300,000 and $400,000. The thieves created verifiable identities and paid with stolen credit cards, bypassing all of HiGear's safeguards. So as of January 3, 2012 HiGear was forced to shut down, citing untenable costs due to the thefts.

It's a shame, since the peer-to-peer social-networking nature of the service meant that you could rent cars you'd be severely challenged to find as easily anywhere else: a 1971 Eldorado could be had for $100 a day, a 1955 Rolls-Royce Silver Cloud was $300, and a 2006 Bentley Flying Spur was $400. Although this idea didn't survive, we hope this isn't the last we hear of HiGear CEO Ali Moiz.


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • 24 Comments
      DC Mike
      • 3 Years Ago
      See! That's why we can't have nice things!
      Easy_Eight
      • 3 Years Ago
      Do you come with the car?
        Randy
        • 3 Years Ago
        @Easy_Eight
        Correction for Easy_Eight: "Does "SHE" come with the car?". All better now!
      Sorten Borten
      • 3 Years Ago
      "Verifiable identities" -- I wonder if HiGear safeguards included a credit and reference check. I doubt their process was sufficient given the value of the cars they were offering for rental.
        • 3 Years Ago
        @Sorten Borten
        [blocked]
      Julius
      • 3 Years Ago
      Gives new meaning to "drive it like you stole it"...
      Rick
      • 3 Years Ago
      How much to rent her?
        • 3 Years Ago
        @Rick
        [blocked]
      Rob
      • 3 Years Ago
      This made me laugh.
      JRDesign
      • 3 Years Ago
      Too bad I've applied to one of the job opennings back to last July before they started operating... hope everything is going well
      • 3 Years Ago
      [blocked]
        Shanti
        • 3 Years Ago
        You're mistaken, friend. SoCal is a hotbed for classic cars for 3 reasons: 1. Good weather slows rust. 2.The beach (ironically, considering item 1). 3. Gangs (and car clubs, to be fair).
      matt84b8
      • 3 Years Ago
      And I'm sure they all followed the recommendation on the tach and waited for the oil to warm up before openning that M up. Can someone explain this? Let's say an M3 rents for $300 a day. HiGear is going to take a decent cut of this. So why would I accept $100-$150 to let someone beat the hell out of my car? Because it's a lease? I dunno
        action3500
        • 3 Years Ago
        @matt84b8
        Not everyone driving a luxury or sports car is a car enthusiasts, it's the opposite. A lot of people buy Porsche or BMW for status/prestige and when they realize that 911 has been collecting dust in garage for the past 6 months (because they like their new M6 more) they decide to "rent it out", with option of keeping the car if they decide to drive it during nice summer evening.
          SloopJohnB
          • 3 Years Ago
          @action3500
          That's exactly the point..most people driving a luxury or sports car are NOT enthusiasts, they're just appliance drivers with no appreciation of the car other than its looks or name. Heck, David Beckham has to ask his wife how to spell DVD! (Commercial is pretty funny, but UK TV pulled it.) Anyone who can afford to let that 911 sit in the garage for 6 months is probably among the latter and deserves what whoever he rents it to does to it.
      • 3 Years Ago
      [blocked]
      Randy
      • 3 Years Ago
      What a good idea this business model is. To bad someone had to wreck the business on the guy. I would have rented cars from here. For the listed prices, it seems like a bargain!
      cswilson41
      • 3 Years Ago
      So you suppose they mean "shudder"?
        • 3 Years Ago
        @cswilson41
        [blocked]
        Heidi Ann
        • 3 Years Ago
        @cswilson41
        No, they mean shutter as in to close up. Like shutter the windows.
    • Load More Comments