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Sharing Economy / Gig Economy Take Advantage Of Peer-To-Peer Carsharing Opportunities
Do you own a car? How often do you actually drive it? Have you ever sat down and figured out how much it costs to own your car? Between insurance, maintenance, loans, depreciation, and fuel cars can cost a fortune. Wouldn’t it be nice if your car earned you a bit of extra cash when you weren’t using it? It can when you turn your car into a moneymaker through peer-to-peer carsharing.
Peer-to-peer (P2P) carsharing connects registered car owners with pre-qualified renters to maximize the use of a vehicle. It is a type of person-to-person lending that allows car owners to list their cars for rent for a set period of time when the owner is not using it. At the same time, non-car owners have access to vehicles when they need it. Like many other shared economy business models, everyone benefits.
Next time you’re out of town, at the office, or spending the day at home, you can use a peer-to-peer carsharing service to rent out your vehicle. By doing this you can earn money while you’re not using your car.
Here’s how peer-to-peer carsharing works: An opportunistic car owner signs up for a peer-to-peer carsharing service online. They name their vehicle, post pictures of the car, set availability dates, and supply pick up/drop off instructions. Once the car is listed, a pre-qualified renter can select your vehicle, pick it up, drive it around, and return it. The peer-to-peer carsharing company coordinates everything and supplies the technology and apps to make it all possible.
The owners make money by loaning out their car to qualified strangers. The amount they can earn is based on location, vehicle, availability, and company. Typically car owners can expect to make $5 to $15 per hour for rentals, which is about 75% of the overall rental fees. The carsharing service receives the rest as a commission for handling the logistics. Some car owners can make upwards of $800 per month or over $10,000 per year!
Peer-to-peer carsharing services screen all participants and set basic requirements for vehicles, owners, and renters. They offer logistical support, technical backup, and manage all financial transactions. Some carsharing services also offer renters insurance and roadside assistance.
All of this is possible because of the Internet, data, apps, and GPS. Just like many other shared economy businesses, peer-to-peer carsharing is a wonderful way to share the responsibility of car ownership. As long as there is a fleet of car owners who are willing to share their car, this brilliant business model will continue to provide easy access and affordable vehicle usage for everyone. It’s collaborative consumption at its finest.
The hardest part of the whole carsharing equation is for car owners to realize it’s okay to “rent” their car to strangers. Be sure to check with your insurance company to make sure you’re covered.
With carsharing, car owners can make extra money from owning a valuable asset, while anyone that needs a car now has an affordable, convenient, and hassle free way to access a vehicle when they need it. This is why carsharing is expected to be a multi-billion dollar, global industry in the near future. Peer-to-peer carsharing services exist in the USA, Australia, Denmark, Russia, United Kingdom, Brazil, Austria, France, Germany, Estonia, Netherlands, New Zealand, Canada, Turkey, and other countries. Try it today.
There aren’t many opportunities where you can make money by essentially doing nothing. As long as your car is available, you have the potential to make extra income every time someone else uses your car. When someone rents your vehicle, you’ll get paid. It’s so simple.
If you’re a car owner or you need to rent a car, it’s time to explore carsharing. Check out companies like Turo, Getaround, JustShareIt, and others. These carsharing companies operate in nearly every major metropolitan area and are quickly expanding both nationwide and worldwide.
It’s time to embrace the shared economy. Start earning a paycheck in the world of peer-to-peer carsharing today. All you have to do is sign up online with a carsharing company and you’ll be making money in no time. Put your car to work for you. It’s the easiest money you’ll ever make.
Quick Facts About Peer-To-Peer Carsharing
Job Title: Car owner
Office: Anywhere
Location: Anywhere peer-to-peer carsharing companies operate
Description: Share your car with pre-qualified renters when you don’t need it
Requirements: Car owner, Internet Access, Insurance
Potential Employers: Peer-To-Peer Carsharing Businesses
Pay: $5 to $15 per hour