Short term renting has become a viable option for those who are looking for assistance in the cost of buying a vehicle. This is an option if you live in a large city where parking an automobile can be difficult and expensive. Renting your car out to someone else can be an easy way to recoup the cost of a parking space, higher insurance rates or registration charges.
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This service is called car posting.
Car sharing has become more popular in past times few years. There are companies that have leapt up in large cities which can make it easy and affordable to borrow a car for a few hours a day. Additionally, there are individuals who want to share their vehicles with other individuals. These are called expert to peer car sharing services. The owner of the car lists their car and the available hours on a website. Whenever someone is looking to rent an automobile for some errands or a short journey, they can log on to the car sharing website and see what cars are available. Need a truck to move some furniture for the day? Log on to the website and search for the size truck you need.
If it’s available you can then contact the owner to arrange a pickup and return time.
Worried about renting your car out to strangers? It’s easy to understand. We have all been in a normal rental car which has been beat up by someone who has rented this in the past. In order to combat this rental car abuse, renters have to register for the car sharing service before they are permitted to rent anything. New renters are screened to ensure that they have a clean driving record. Penalties can be assessed in order to drivers who regularly return the cars late or dirty. The car owners can also leave feedback for all their own renters. This will help the renter build a good reputation with future car owners if they need to rent a different kind of car. Responsible car renters with positive feedback usually have no problem renting a car from the service in the future.
This isn’t a get rich fast type of service. The owner usually can make a few dollars an hour letting someone else use their car for a few hours a day. Depending on demand, you can lease your car out as often as a request comes in or be more selective to when you rent. An SUV can rent for up to $9 an hour whereas a smaller, older sedan can be got for $5. On average, a car owner who shares his vehicle to get only 10 hours a week could make an average of $250 dollars a month. In cities that charge you for a car parking space like San Francisco or New York, car sharing can cover the expense of parking your car.
One drawback of this kind of service is you have to be around to rent your car. If someone requires a car, and you aren’t available, a person miss out on some income.
Car sharing is an idea that can work for large cities where it is common for people to not own their own cars or trucks. With a little bit of ingenuity, you can properly and regularly rent out your car once you aren’t using it to make a small extra money.