Fair is a service that promotes micro-ownership of cars, offering a more flexible and frugal alternative to having a car in a city

To much of our disappointment, we might not have hover boards or flying cars yet in 2017, but car ownership is on its way out, thanks to a new venture between former Tesla executive Georg Bauer and TrueCar CEO Scott Painter called Fair.


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According to the site, the defining features of Fair seem to be a name-your-own-price system with vehicles leased on a month-to-month basis. This model could be a win-win in allowing drivers the flexibility of having access to a reliable vehicle without the long-term commitment of ownership and giving car dealers a new way of monetizing their inventory.

Fair

To much of our disappointment, we might not have hover boards or flying cars yet in 2017, but car ownership is on its way out, thanks to a new venture between former Tesla executive Georg Bauer and TrueCar CEO Scott Painter called Fair.

According to the site, the defining features of Fair seem to be a name-your-own-price system with vehicles leased on a month-to-month basis. This model could be a win-win in allowing drivers the flexibility of having access to a reliable vehicle without the long-term commitment of ownership and giving car dealers a new way of monetizing their inventory.