Are you a car owner and looking for an easy and quick way to make some extra money without doing anything? Or are you looking for a car to rent for a few hours or days at cheap rates? Whether you are a car owner or you are looking for an appropriate transportation mode at cheap rate, car sharing is the right answer for you in both conditions.
The trend of car sharing is getting considerable popularity day by day. If you are not familiar with car sharing, here you’ll find some very useful information about it.
What is Car Sharing & How Does It Work?
Car sharing is very much similar to car rental. However, there are some clear differences between these two models. Car sharing is all about renting a car or any other vehicle for a short period of time (a few hours). Renter has to pay only for the usage (they are billed based on how long they have a car and the distance travelled).
Car sharing is more practical than car rental for those people that don’t own a car as it allows them to have a car at any hour in a day, not just business hours. The renter can save a good amount of money while car owners can make a good amount of money through car sharing. The amount of money that renters can save mainly depends on their usage.
For some people car sharing is the cheapest option available, for others, it is similar to car rental, and for others, it owning a car.
If you want to rent out your car or any other vehicle, or if you want to rent a car, you can find car-sharing operators that are working in your area or you can use any car-sharing websites on the web.
Car Sharing for Car Owners – Important Things You Need To Know
In order to rent out your car or any other vehicle that is dormant and not in your personal use, you need to take a few important things into consideration. First of all, make sure your car or vehicle that you want to rent out is in good condition. Most car sharing operators have this condition that the car that is being rented should not be more than 8 years old.
Secondly, your car should not have an accident history and if it has, it isn’t good to rent it out. Thirdly, make sure the renter is insured. Also, make sure your car is insured. Always ask for a valid ID card from the potential renter. Do not rent out your car to a renter below age 21. Also, make sure the renter has a spotless driving record.
Another important thing that is important is the advance payment. Always ask for a deposit amount – cash is preferred, but in case if the renter can’t give you cash, get their credit card details. Do not forget to pen down their residential address in a safe place. This could come in handy in case of any emergency.
Car Sharing For Renters – Requirements For Renting a Car
Renters have a huge responsibility on their shoulders by renting a car for a few hours. If you are interested in renting a car through car sharing, there are some important requirements that you have to meet to be able to drive a car for a few hours. First of all, you need to provide the car owner with your driving record and a valid driver’s license.
If you have a history of reckless driving or if you are below 21 years old, you can’t rent a car. A private car owner may rent out their car to you, but a professional car sharing operator won’t let you in. You must be insured in order to rent a car through car sharing.
Also, you’ll have to pay for the parking tickets or other passes when the car is in your use. You’ll have to pay some amount of money upfront, so be prepared for it before renting a car.
Benefits of Car Sharing
There are many great benefits of car sharing for both car owner and renter. According to a careful estimate, car owners can earn up to $800 extra cash per month through car sharing. On the other hand, car renters can rent a car at as low as $3 per hour and save a good amount of money.
So, it’s a win-win deal for both car owners and renters. Renters can rent any type of vehicle according to their needs without paying a huge amount of money. This service comes in handy at the emergency. Another great benefit of car sharing is that it’s environmental-friendly. Everyone doesn’t need to buy a car for their use which means there will be less number of cars on the roads.
Future of Car Sharing
The future of car sharing is bright. This model basically started in the United States and it has become popular in many countries. It is considered to be the future of car rental. Proper legislation are being defined to expand this model to the places where it can benefit people.
Car sharing is also getting remarkable popularity among tourists. It allows them to save a good amount of money and enjoy full freedom of movement in their travel destination. It is expected that it might take the place of car rental in the most popular tourist destinations.
Car sharing is not only beneficial for a car owner, but also for a renter. It helps both parties to keep their expenses in control by allowing car owners to make more money and by allowing car renters to save a good amount of money.
Whether you are renting out your vehicle or you are a renter and renting a vehicle, it is important to make sure that you know the requirements for renting out and renting a vehicle. This way, you can benefit from car sharing without any problem.