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Thanks to car sharing apps, it’s never been easier to rent your car out. The concept is really simple: you register your vehicle with a car sharing service and whenever someone needs a car in your area, you can make money lending it to them for a specific period of time.
Find out how to start offsetting the costs of ownership like your rego, car insurance and depreciation with car sharing.
To get started, you'll need to register online with a car sharing company and create a profile for your car. Most car sharing websites will:
Car sharing safety precautions during coronavirus
Car sharing services will usually make sure your vehicle is insured when it’s with the customer as well.
Some other aspects of car sharing include:
The trickiest part of car sharing these days is choosing from one of the various car sharing apps available. Here's some of the main apps:
To make your decision easier, take a look at this breakdown to see what makes each car sharing app in Australia unique.
Car next door | Drive my car | Carhood | Go Get | |
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Where does it operate |
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Features |
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How do you give keys to borrowers |
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GPS tracker? |
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Max length to borrow |
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Insurance and roadside assistance |
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Security |
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Rates |
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Want to make the most out of car sharing? Check out these tips to maximise your income.
The weekends are always the busiest time for car sharing, as are long weekends. If you can go without it, try and make your car available for the full weekend. Even blocking it out for an hour or so can hinder your chances of a booking. The majority of people make the booking within a couple of hours of needing a car so it’s always a good idea to keep your vehicle available for last-minute sharing.
If you choose a car sharing service that allows you to set your own price, be shrewd about your pricing. Check the cars available in your area and weigh up how yours compares. It’s all about staying competitive. You can adjust your pricing if you’re not receiving the demand you’d like.
If someone has used your car, chances are they live in the area, so make sure their experience is enjoyable, as they’re likely to return. As well as keeping your car clean, equip it with things like phone chargers and holders, even a GPS device. Making their journey as smooth as possible boosts your chances of them returning to you.
You can market your car with a great profile. Take pictures of your vehicle when it’s clean and shiny and make sure you include any features your car includes, from an in-built GPS to TVs in the back for the kids.
When it comes to writing the description, ask yourself, what makes your car unique? It could be the spaciousness, the boot size or even the handy location of the car. Either way, make sure you highlight that when you write the description.
Specific requirements will vary between car sharing services though if your car is safe and in good shape, you generally won’t have any problems signing up. The following requirements generally apply to your vehicle.
Q. Where does car sharing work best?
Q. Is car sharing right for me?
Q. What happens if someone crashes my car?
Picture: GettyImages