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The future of cars according to YOYO
How we plan to cut driving costs by 50% for 10 million members in 10 years
- THE YOYO TEAM
Cars are a massively underutilized asset, a fast-depreciating boat anchor around our necks actually, that sit in our driveway most of the time, but cost an arm and a leg every month, whether they're used or not.
At its heart, YOYO is a grassroots movement to forever change the car industry. In as little as 10 years from now, we’ll all look back and shake our heads at just how inefficient the car industry and our consumption of cars really is. Paying through the nose for a depreciating hunk of metal in our driveways will seem barbaric compared to the future we envision. We hope to make YOYO the smartest way to access cars. We are working hard to bring the future to today.
Nothing. Some people still like going around in circles at dealerships, getting fleeced by mechanics and paying for years for a boat anchor of a car depreciating away in their driveway. If that describes you, you probably also like opening pre-shaken soda cans, having your seat kicked on an airplane, being rammed by a shopping cart, sitting in gum, and walking into glass doors. But for everyone else, there’s YOYO.
No, but in all seriousness, there are lots of scenarios where a per-mile service like ours might not be a good fit for you. If your needs are fairly simple, and you don’t really need the flexibility of swapping into different types of cars, we might not be for you. Or, if you drive a lot of miles consistently every single month, and your usage pattern is fairly uniform, you’re probably better off buying a car, keeping it for a long time, and enjoying years of payment-free driving.
However, we still encourage you to give us a shot. You might be surprised to find that you can’t live without it :)
“YOYO is a truly disruptive company that has the potential to revolutionize how we consume cars by introducing a pay-per-mile subscription service in lieu of car ownership. They have really re-thought the customer experience and come up with a unique and creative solution. I'm a huge fan.”
"I was a bit skeptical when I first heard about YOYO. I thought the pricing was a little high, but when I actually did the math on how much I was paying for my own car, YOYO just made so much more sense. I fired up the old spreadsheet, and all the number-crunching I did tells me that the cost of driving with YOYO is less than what my car costs me every month when you add in insurance, maintenance, and depreciation. My girlfriend immediately loved the idea of getting a different car every few days. We’ve been telling everyone about YOYO!"
When my 10 year old car broke down, I was dreading the thought of sinking thousands of dollars into an old car. Thought it was time to junk the old one and I started looking around for a new car. During the search process, I randomly came across YOYO, and thought it was a fantastic idea. Since the old car wasn’t meeting the needs of my family, we thought we’d try out YOYO temporarily until we buy our next car. Now that we’ve been a customer for a few months, there’s no way I’m ever buying a car again! This is a fantastic service that completely takes away all the hassles and worries of owning a car. Peace of mind + cheaper driving. What's not to love!