Two London entrepreneurs are claiming to have launched the world’s first neighbour-to-neighbour car rental service, reports the Telegraph.

Under the scheme, drivers who don’t own a car but occasionally require one can hire their neighbours’ vehicles for a fee.

WhipCar offers a website for motorists to register their cars for hire, and those on the lookout to hire one can search their area for availability and make a booking.

Fees range from £7 an hour to for a Vauxhall Astra to around £53 a day for a BMW 320i, and it all helps to tackle the problem of thousands of cars sitting unused, the news provider said.

"For the first time, anywhere in the world, would-be drivers can get rental access to the car next door, literally."Vinay Gupta, founder of the venture, told the Telegraph.

All hire prices include the cost of insurance, which will cover the driver for the duration of the hire period.

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