Terms Glossary

Car Share Club

Generic term for any club where membership enables members to use cars.

Fractional Ownership

Club members own rights to usage and in some cases, equity in cars as well. Note: most fractional ownership clubs do not offer equity in cars.

Member-to-Car Ratio

The number of club members per car.

Pay-per-Use

Club members pay each time they use cars, as opposed to using pre-paid points or days to use cars.

Points-per-Use

Club members use pre-paid points for each time they use a car.

Reservation Rate

The percentage of time that a member can reserve their preferred vehicle.

Sign-Out Period

The amount of time a club member can use a car for a given period, usually measured in days. Sign-out periods range from 1-7 days to 1-2 weeks, depending on the club.