Ian, private bicycle hire operators have been around for some time in London, the London Bicycle Tour Company offer the following rates:

Day rates

20.00GBP 1st day
10.00GBP (days 2 & 3) 
5.00GBP (days 4 & 5), 
1st week 50.00GBP 
2nd, 3rd week 15.00GBP
extra weeks 10.00GBP


The scheme you describe is open to some issues, in a similar way to the Velib scheme has snagging problems. Who is liable for maintenance of the cycles for instance, are they qualified to do this, will they (the  loaner) require some form of liability cover?


Via Tower Hamlets Wheelers I helped offer an informal loan scheme myself when living in London, however we never asked for reimbursement hoping to avoid such queries.


Gary



Date: Sun, 8 Aug 2010 20:53:25 +0100
From: [log in to unmask]
Subject: Second bike-sharing scheme launches in London
To: [log in to unmask]

In a nation where owning products to perform and occasional service has been the norm, is the UK suddenly realising the benefits of services and sharing?  A new, and perhaps a world first of its type, bicycle sharing scheme of has just started in London.

 

I am not referring to the Boris Bikes, sponsored by Barclays, which will be like other bike-sharing schemes around the world, once the teething problems have been sorted out...  but a second scheme in London called Byke.

 

http://byke.mobi/ is a website, designed to be accessed mainly via a mobile phone that allows those in London with a spare bicycle to rent it out to fellow members of the scheme.

 

As a full day’s hire from the Barclays Cycle Hire Scheme costs £50, hiring a bicycle through Byke at £3.50 a day, with bicycles situated throughout the British capital, is perhaps more attractive to some.  The rental fee is split between the owner of the site and the bicycle owner and a deposit of £100 is taken before the bicycle is rented out.

 

Are we likely to see more entrepreneurs entering the sharing and/or cycling industry in the near future?  Will they be successful?

 

 

Meanwhile, the Barclays sponsored scheme has, in the second half of its first week, increased bike use to 1.5 hires per bike a day – which would have been higher had it been possible to become a casual daily member as in Paris and elsewhere.  TfL and Bixi are working on this and other problems...

 

Ian