In car rental, a free-floating model refers to a business model where there are no pre-specified pick-up and drop-off locations. The customers can use an app to see nearby available rental cars. Since there are no specified pick-up and drop-off locations, customers can start and finish their rental at the place that suits them best. This provides customers with flexibility and saves their time. For companies that have opted for this model, it is essential to use the latest tracking technology. This helps to avoid car theft and ensures that all the vehicles are accounted for. While this model provides the most flexibility for the customer and the company, it is also dependent on good connectivity which is needed for tracking the fleet.
