Short term renting has become a viable option for those who are looking for assistance in the cost of buying a vehicle.
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This is an option if you reside in a large city where parking an automobile can be difficult and expensive. Renting your vehicle out to someone else can be an easy way to recoup the cost of a parking room, higher insurance rates or registration fees. This service is called car sharing.
Car sharing has become more popular in the past few years. There are companies that have sprung up in large cities that make it easy and affordable to lend a car for a few hours a day. Additionally, there are individuals who want to share their cars with other individuals. These are called expert to peer car sharing services. Who owns the car lists their car as well as the available hours on a website. When someone is looking to rent a vehicle 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 during the day? Log on to the website and search for the scale truck you need.
If it’s available you can then contact the owner to arrange a pick-up and return time.
Worried about renting your car out to strangers? It’s understandable. We have all been in a normal rental car which has been beat up by someone who has rented it in the past. In order to combat this car rental abuse, renters have to register for the car sharing service before they are allowed to rent anything. New renters are screened to ensure that they have a thoroughly 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 renters. This will help the renter create a good reputation with future vehicle owners if they need to rent another kind of car. Responsible car tenants with positive feedback usually have not a problem renting a car from the service later on.
This isn’t a get rich quick type of service. The owner usually can make a few dollars an hour letting somebody else use their car for a few hours a day. Depending on demand, you can rent your car out as often as an ask for 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 acquired for $5. On average, a car owner who shares his vehicle for only 10 hours a week could make an average of $250 dollars a month. Within cities that charge you for a car parking space like San Francisco or Ny, 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, you miss out on some income.
Car expressing 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 if you aren’t using it to make a small extra income.