RENT YOUR CAR

RENT YOUR CAR Out For Money
(In America In 2018)
DISCLOSURE
Some links are sponsored. We only list verified genuine companies we like.

By Michael Wong | October 15, 2018.

Rent Your Car Out For Money

Do you have a car sitting around unused for most of the week?

If you do, then did you know you can rent your car out to other people for money on peer-to-peer car sharing marketplaces?

Yes, you can!

Even if you don't have a car sitting around, you can still make money with your car. Here's how...

How To Get Free Airport Parking While You Are Away

Airport parking can be expensive. With Turo Valet, you could rent out your car while you are away.

Simply drop your car off at a Turo Valet lot near LAX or SFO. They will handle the key handoff and pickup with your guests, wash the car and refuel it while you are away.

You can pick up the car when you get back from you trip, and get free airport parking, or even a tidy profit!

Top 3 Marketplaces To Rent Your Car Out For Money

Here are my top 3 online, peer-to-peer, car rental marketplaces to rent your car out for money.

Visit each website for more information:

Getaround screenshot

1. Getaround (http://c1ick.me/getaround):

  • Rent your car, SUV, van or truck out for money on the Getaround peer-to-peer car rental marketplace.
  • Benefits:
    • Getaround automatically sets your car's price at its recommended rate, based on your car's location, renter demand in your area, and your car's year, make, and model.
    • Earn 60% of the rental fee.
    • Refer a friend:
      • Your friend receives $20 in Getaround credit.
      • Earn $20 in Getaround credit when they rent a car.
      • Earn $200 if they share their car on Getaround.
    • Earnings paid monthly by check or PayPal.
    • Insurance provided by Getaround (during rentals):
      • $1 million liability coverage, includes personal liability for the renter, third-party liability for passengers and other affected parties, and third-party property damage arising from a car accident.
      • Comprehensive and collision coverage covers for theft, fire, vandalism, weather damage, and any damage to the vehicle in the event of an accident up to the actual cash value of the vehicle.
      • Uninsured and underinsured (UI/UM) coverage:
        • $30,000 per person and $60,000 per accident in California, Oregon, Texas and Virginia.
        • $25,000 per person and $50,000 per accident in Illinois and Texas.
        • UM/PD coverage of $20,000 in Oregon and Virginia.
        • UI/UM coverage does not apply to states with no-fault insurance.
      • Personal injury protection coverage in Oregon:
        • $15,000 in medical and hospital expenses.
        • $5,000 in funeral expenses.
        • $3,000 per month in income continuation expenses.
        • $30 per day in loss of service expenses.
        • $25 per day (up to a maximum of $750) in child care expenses.
      • $2,500 personal injury protection (PIP) coverage in Texas.
      • Renter pays:
        • $1,000 deductible per incident
        • $2,500 for exotic (MSRP $80,000+) and classic cars (35 years+)
      • Getaround picks up your car to install Connect, a device that allows renters to locate and unlock cars with their phone, and adds GPS tracking, tamper detection, and engine lock.
      • Set a repeating weekly schedule or block off days your car is not available.
      • 24/7 roadside assistance and customer support.
      • Open Road rewards for owners who make their car available at least 50% of each month.
      • Dedicated parking spaces available for rent.
  • Renter screening:
    • Aged 19+
    • If under 21, clean driving record (no violations or accidents in the last three years).
    • Driver's license for at least 2 years.
    • Aged 25+ for Tesla, specialty vehicles, international drivers, and drivers from HI, AK, AB, BC, MB, NL, NT, NU, PE, QC, and SK.
    • No more than 2 minor violations or at-fault accidents combined in the past 3 years.
    • No DUI or drug related incident in the past 7 years.
    • Pass an instant driver record check.
    • International licenses are manually reviewed.
  • Getaround is active in certain zip codes in these cities:
    • Alexandra, VA.
    • Arlington, VA.
    • Berkeley, CA.
    • Bethesda, MD.
    • Boston, MA.
    • Brisbane, CA.
    • Burlingame, CA.
    • Cambridge, MA.
    • Chicago, IL.
    • Daily City, CA.
    • Evanston, IL.
    • Hoboken, NJ.
    • Jersey City, NJ.
    • Millbrae, CA.
    • Oakland, CA.
    • Portland, OR.
    • San Bruno, CA.
    • San Francisco, CA.
    • Silver Spring, MD.
    • Somerville, MA.
    • South San Francisco, CA.
    • Washington, D.C.
    • Weehawken, NJ.
  • Vehicle requirements:
    • Cars, SUVs, Tesla, trucks and vans accepted.
    • 2005 or newer.
    • Less than 125,000 miles.
    • Seat maximum of 8 passengers.
    • Private passenger vehicle with at least 4 wheels.
    • Non-smoking only.
  • Fees (30 day free trial):
    • Connect setup fee: $99 to cover the Getaround Connect installation.
    • Connect subscription: $20 monthly network access data subscription fee.
  • Average owner makes $6,000 a year, according to Getaround.
  • 200,000 US members.
  • Mobile app ratings:
    • Android: 3.7 (800+ reviews / 100,000+ downloads)
    • iOS: No rating
  • Funding: $103 million (http://c1ick.us/getaround-crb)
  • Employees: 51+ (est. 2011) (http://c1ick.us/getaround-lkd)
  • Minimum age: 19+
  • Countries: USA, Canada.
  • Free to join: 30 day free trial.
Hyrecar screenshot

2. HyreCar (http://c1ick.me/hyrecar):

  • Rent your car out to ridesharing and delivery drivers (Uber, Lyft, Instacart, Amazon Flex, Grubhub, Shipt, etc.) for money on the HyreCar peer-to-peer car sharing marketplace.
  • Benefits:
    • Earn 85% of the rental fee.
    • Most vehicles make $35 per day, $230 per week, and $800 per month, according to HyreCar.
    • Earnings are paid after pickup is confirmed.
    • You can set the preferred daily, weekly and monthly rental price, including discounts.
    • Insurance:
      • $100,000 in liability insurance and $25,000 in physical damage insurance, with the driver paying a $2,500 deductible for physical damage claims.
      • Transportation Network Company's (TNC), such as Uber or Lyft, provide their drivers with insurance coverage when a ride has been accepted or is in-progress.
      • HyreCar insurance provides coverage:
        • when the driver has picked up the vehicle but the TNC application is not turned on.
        • when the driver has turned on the TNC app but has not yet accepted a fare.
    • HyreCar towing and roadside assistance:
      • Monday to Saturday, 6 a.m. to 11:30 p.m. PST.
      • Sunday, 9 a.m. to 3 p.m. PST.
      • at other times, you are responsible for providing roadside assistance.
    • You may leave the HyreCar platform at any time, if you are not in an active rental.
  • Renter screening:
    • Aged 21+
    • Background check.
    • Valid social security number.
    • Valid US driver's license.
    • One year driving experience.
    • Good motor vehicle record:
      • No recent accidents.
      • No major violations in the last three years.
      • Maximum two recent moving violations.
      • No history of non-payment.
    • Clean criminal record:
      • No felonies.
      • No violent crimes.
      • No major theft.
      • No major controlled substance.
  • Vehicle requirements:
    • No salvage or reconstructed titles.
    • Pass a 19-point vehicle inspection.
    • Personal auto insurance with your name.
    • You pay for general maintenance, including flat tires, oil changes, windshield wipers, steering fluid, tire pressure and rotation, brakes, and a clean car at the start of the rental.
  • HyreCar operates in 32 US states:
    • Alabama
    • Arizona
    • California
    • Colorado
    • Connecticut
    • District of Columbia
    • Florida
    • Georgia
    • Illinois
    • Indiana
    • Kansas
    • Kentucky
    • Louisiana
    • Maryland
    • Massachusetts
    • Michigan
    • Mississippi
    • Missouri
    • Nevada
    • New Jersey
    • New York
    • North Carolina
    • Ohio
    • Oregon
    • Pennsylvania
    • South Carolina
    • Tennessee
    • Texas
    • Utah
    • Virginia
    • Washington
    • Wisconsin
  • Mobile app ratings:
    • Android: 3.7 (800+ reviews / 100,000+ downloads)
    • iOS: No rating
  • Funding: $5 million (http://c1ick.us/hyrecar-crb)
  • Employees: 11-50 (est. 2014) (http://c1ick.us/hyrecar-lkd)
  • Minimum age: 21+
  • Countries: USA
  • Free to join: Yes
Turo screenshot

3. Turo (http://c1ick.me/turo):

  • Rent your car or electric vehicle out for money on the Turo peer-to-peer car sharing marketplace.
  • Benefits:
    • List your car for free.
    • Free professional photography.
    • Automatic Pricing adjusts your daily prices automatically, based on a powerful algorithm that incorporates seasonality, demand, geography, and car type, to maximize your earnings:
      • you may set the minimum daily price.
      • you may view your Automatic prices on the calendar for the upcoming four months.
      • if you turn off Automatic Pricing, you will need to set your own daily price, duration discounts, and prices on specific days.
    • Earn 65%, 75% (default), or 85% of the rental fee, delivery fee (optional service), and additional mileage charges, depending on the protection plan selected.
    • Earn 90% of the rental fee, if you have commercial rental insurance to cover you, your car, and your customers, and waive Turo's vehicle protection plans.
    • Earn more by offering a "custom delivery" and/or "airport delivery" service (drop-off and pickup)
    • $500 bonus if you list your Tesla Model 3.
    • Earnings paid weekly by direct deposit to your bank account.
    • Insurance from Turo (during rentals):
      • $1 million liability insurance coverage for bodily injury and property damage to third parties.
      • $125,000 physical damage protection.
      • owner deductible for physical damage to owner's car - $0, or up to $3,000 (Turo pays 20% up to first $3,750 of damage and 100% after that, up to $125,000)
      • Replacement vehicle during repair period.
      • Exterior wear and tear coverage.
      • Loss of rental income coverage.
    • Guests are responsible for refueling or recharging electric vehicles before return.
    • No smoking policy.
    • Pets are not allowed without your explicit consent.
    • If a renter is charged a cleaning, pet, or smoking fee, of up to $250, you receive 100% (minus a $25 admin fee)
    • 24/7 phone support and roadside assistance.
    • Deals and discounts on auto maintenance from Jiffy Lube, Meineke, and YourMechanic - free safety inspection by a certified mechanic for members in the Los Angeles metro area.
    • Online community.
    • Online video tutorials.
  • Turo Valet:
    • Drop your car off at a Turo Valet lot, or authorized partner lot, within 24 hours of the start of the trip, and they will handle the key handoff with your guest.
    • Turo Valet lots available at LAX and SFO.
    • Open 6 a.m. to 10 p.m., every day.
    • 24-hours to pick up your car from the Turo lot.
    • You may leave your car at the Turo lot for 48 hours between reservations.
    • Turo Valet fees:
      • $25 for both guest pickup and drop off.
      • $15 for guest pickup or drop off.
      • Parking:
        • LAX: $10 per day.
        • SFO: $15 per day.
      • Car wash:
        • Sedans: $25.
        • SUVs, trucks, vans: $50.
      • Fuel-up: cost of fuel + $5 admin fee.
    • Door-to-door vehicle delivery available.
  • Renter screening:
    • Aged 21+, or if under 25, at least two years of driving history.
    • Driver's license information.
    • Payment card information.
    • Possess a mobile phone in their name that can be verified through text message.
    • Meet Turo's auto insurance score criteria.
    • Registered Turo user (credit report and criminal background check)
    • International drivers may have to provide additional information, such as their passport.
    • Renter's auto insurance score must meet Turo's minimum eligibility criterion.
    • You decide whether to confirm or decline a rental.
  • Vehicle requirements:
    • Cars and electric vehicles only - no vans, box trucks, limousines, recreational vehicles, etc.
    • 12 years old maximum.
    • 130,000 miles maximum.
    • Clean (not branded or salvage) title.
    • Never been declared a total loss.
    • Fair market value of up to $150,000.
    • Specialty/classic cars accepted, as long as the vehicle meets Turo's specialty car requirements:
      • Must be older than model year 1990.
      • Market value of up to $85,000.
      • Excellent mechanical and physical condition.
      • All seat belts in safe, working condition.
      • Subject to additional review.
  • Mobile app ratings:
    • Android: 4.4 (11,000+ reviews / 1 million+ downloads)
    • iOS: 4.4 (2,900+ ratings)
  • Stats:
    • 2 million+ owners and renters.
    • Turo is active in 2,100+ cities and 300+ airports across the United States.
  • Funding: $182.4 million (http://c1ick.us/turo-crb)
  • Employees: 51+ (est. 2009) (http://c1ick.us/turo-lkd)
  • Minimum age: 21+
  • Countries: USA (except New York), Canada, Germany, UK.
  • Free to join: Yes

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