I was so excited to teach you all about the joys and terror of using a straight razor, and then I tripped over this little gem: How to Rent Your Car Out for $10/Hour.
Let’s give thanks to The Penny Hoarder for this one.
As you may well know, I’m no stranger to renting my assets to, er, strangers. I’ve made a few thousand bucks renting my place out on websites like Airbnb and Roomorama. Obviously, these methods of pulling in extra cash aren’t for everyone.
But since they’ve worked so swimmingly for me, for a brief moment, I considered renting out my car. And then quickly decided the liability of letting someone else drive my car was too great. That is until The Penny Hoarder introduced me to peer-to-peer car sharing services Getaround, Spride and RelayRides.
I love that people are able to borrow from their neighbor and save a little money while their neighbor can lend to them and make a little money. Talk about a win/win situation if I’ve ever seen one.
Companies offer roadside assistance for renters nervous their newly borrowed ride is a rotten lemon. For lenders who are afraid their precious vehicle will be driven by the likes of Mr. Wheeler, there’s ample liability, collision, and theft insurance coverage. It’s great!
Since these services are relatively new, they’re only available in a few select areas. Let’s hope the concept really takes off.
And as always, make sure you do your research!!!
Would you consider renting or borrowing a car through a peer-to-peer car sharing service?