Car Sharing
Did you know that the average car sits unused for 23 hours a day? That’s one reason why an increasing number of car owners are renting out their vehicles to strangers using peer-to-peer car-sharing networks.
And there’s definitely a market for short-term car rentals. That’s because a lot of young people and urban residents don’t own cars, snd public transportation isn’t right for everything, whether you’re bringing home a load of furniture, or taking a scenic drive.
One car-sharing company is called RelayRides. It already has 20,000 members across North America. If you want to rent out your ride, all you do is sign up, post a picture of your car, and set a price. Say, $10 an hour, or $50 for all day.
The company checks the driving records of potential renters. And once they’ve been approved, they come to you, and you just hand your keys over. 65% of the fee is automatically deposited in your account. The rest goes to the company, and for insurance.
The company uses GM’s OnStar system, which tracks loaner cars via GPS to protect against theft, and offers 24/7 roadside assistance.
If you’re interested, their website is RelayRides.com, or do a web search for “car-sharing” in your area.
And there’s definitely a market for short-term car rentals. That’s because a lot of young people and urban residents don’t own cars, snd public transportation isn’t right for everything, whether you’re bringing home a load of furniture, or taking a scenic drive.
One car-sharing company is called RelayRides. It already has 20,000 members across North America. If you want to rent out your ride, all you do is sign up, post a picture of your car, and set a price. Say, $10 an hour, or $50 for all day.
The company checks the driving records of potential renters. And once they’ve been approved, they come to you, and you just hand your keys over. 65% of the fee is automatically deposited in your account. The rest goes to the company, and for insurance.
The company uses GM’s OnStar system, which tracks loaner cars via GPS to protect against theft, and offers 24/7 roadside assistance.
If you’re interested, their website is RelayRides.com, or do a web search for “car-sharing” in your area.
