Car-Sharing Company Launches in Iceland

Iceland has a new car-sharing company, according to a report by the Reykjavik Grapevine.

Caritas allows people to rent out their cars to others in Iceland's capital city of Reykjavik. Similar to Relay Rides, users can set their own rates when renting out their vehicles, says the report.

All vehicles at Caritas are insured and come with 24-hour roadside assistance, says the report. In addition, Caritas is collaborating with the Icelandic Transport Authority.

Click here for the full Reykjavik Grapevine: http://grapevine.is/news/2014/08/18/car-sharing-service-opens-in-iceland/