Rent your car out to someone for an extra $9,000/year

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Updated 9/21/2021
This post contains affiliate links that HyreCar may receive a deputation for referring you to them .

Rent Out Your Car on HyreCar: The Complete Guide

Want to make a cool $ 9,000 this class ? HyreCar will rent your car to rideshare and delivery drivers who are in need of a vehicle or don ’ t have a qualify vehicle .
If you ’ ve ever asked yourself, “ How do I rent out my car in ordain to earn extra income ? ” HyreCar has the answer. We ’ re leaders in the carsharing space and will help you rent your car online to local rideshare and delivery drivers .

Advantages of Renting Out Your Car

exchangeable to listing your space on Airbnb, you can make tons of cash renting out your spare cable car. Let ’ s say you have an extra cable car that you don ’ t drive very much. good immediately, it ’ s sitting in your garage, in your driveway, or parked out on the street. rather of letting it accumulate debris, why not put it to use so you accumulate some cash and make a electric potential gig proletarian ’ s life a hale distribute easier ? here are two reasons why renting out a personally own vehicle is a win-win for owners and electric potential drivers :

  1. Earning cash while sitting bet on and letting your cable car do the work .
    • You can make over $ 720 a calendar month by renting out your personal vehicle to a gig worker. Sweet, huh ? In fact, average car owners who list their vehicle for lease through HyreCar can earn up to $ 9,000 a year .
    • The number of rideshare and delivery drivers is growing every day as more and more freelancer contractors join the on-demand economy. The more gig workers there are, the more need there is for quality cars like yours .

Actual earnings from car owner’s dashboard:

  • You ’ ll get paid fast ! HyreCar features a guarantee requital system, so you ’ rhenium always paid on clock. You start earning angstrom soon as you approve a tenant ’ second application, and your money gets transferred to your depository financial institution report american samoa soon as the approve tenant picks up your car. Cha-Ching !
  • Insurance: HyreCar offers you comprehensive, industry-leading policy when you list your car with us for rental. Your vehicle is besides protected by the gig service insurance coverage while the tenant of your car is driving for either Uber, Lyft, DoorDash or any early spear servicing .
    • For more information on rideshare policy check out our best rideshare insurance options for Uber and Lyft drivers blog article .
    • We give you the option to choose from a range of protection plans, each with a different level of coverage from HyreCar in the unlikely event your car is damaged, stolen, or vandalized during a rental. The choice is yours – opt in for a premium protection offering or take home more cash with the basic plan.
      • We’ve also partnered with Sedgwick to allow our vehicle partners to enjoy an expedited claims process.

Low risk

  • Extensive background checks: All of HyreCar ’ sulfur renters go through an extensive screen procedure and a background check before they can rent a vehicle. This assures you that entirely conscientious drivers will get behind the wheel of your car .
  • Incentives to drive safely: When person rents your car from HyreCar, they ’ re renting it to use as a rideshare or manner of speaking driver. So it ’ s in their best interest to keep your car clean, neat, and in the best discipline possible. foolhardy drive can lead to an accident, which will keep your car and its driver off the road .
  • Longer rental periods: Renters can well extend the length of their rental time period through the HyreCar Driver App. This means they keep your car farseeing, which in bend, continues to “ drive up ” your profits !

Note* If you haven’t seen it yet, check out our animated video describing our service:

Process: How to Rent Your Car Out

( hint : It ’ randomness easy, but first you need to list your cable car first base. )

We ’ re besides in truth proud of how simple we ’ ve made the “ make money renting your car ” process. We ’ rhenium sure you ’ ll agree : it ’ sulfur free, flying and easy .

Listing your vehicle

  • once you ’ ve signed up as an owner, uranium
  • Take several shrill, clear department of the interior and exterior pictures of your vehicle
  • Really describe why your car would make a great vehicle for car sharing. It’s also good to list the different types of  services for which your car qualifies .

once you ’ ve listed your vehicle on the HyreCar platform, you should consider using Neighbor to rent out the ( now ) evacuate space in your garage or driveway .
You can earn an extra $ 100-300 every calendar month renting out your empty space ! It ’ s a real no brainer for any car owner on the platform looking for extra passive voice income .
Click HERE to sign up for Neighbor and get paid for your extra space today .

Car listing tips:

  • While they aren ’ thyroxine compulsory in some states, the inspections for Uber/Lyft and a basic 19-point inspection look highly good to drivers, as they won ’ t have to get them done themselves individually .Owners who get these inspections done get their vehicles rented 87% more often than those that don’t!
    • If you need assistance getting the 19 point inspection done, check out  Rideshare Mechanic. This service conducts a video vehicle inspection, which eliminates the inconvenient process of going to a Jiffy Lube or local mechanic. No more getting stuck in traffic, wasting money on gas, or dealing with a mechanic who wants to upsell you on other parts. Their cost is comparable to your local mechanic, and you don’t pay unless your car passes the inspection.
      • Click HERE to sign up with Rideshare Mechanic and get your vehicles inspected quickly and efficiently.
  • We recommend getting your Uber/Lyft and basic 19 charge inspections done before you list your car. That way, drivers can rent your car immediately rather of waiting for the inspections to be done .
  • Decide on a pickup localization and a daily rental price. We recommend looking at other listings in your area for your kind of car, barely to see what the going rates are. rental prices average about $ 30-45 per day .
  • HyreCar lists cars in all 50 states, so you qualify no topic what state you live in .
  • once your cable car listing has been verified by our team, visit your owner splashboard and click “ My cars ”. Boom. Your car is now listed and fix to be rented !

Making Money: Actually Renting Your Vehicle Out

We ’ ve got some tips to help you find drivers who might want to rent your car and to let potential drivers know that your car is immediately available to them. So what are you waiting for ? Let ’ s prove you how to earn money with your car !

Finding drivers

  • HyreCar has created a matchmaking algorithm that sends automatize messages with your vehicles to the best drivers in your area. You can have more market visibility as a HyreCar For Business customer. Learn more HERE

Finalizing the transaction

Once a driver has applied to rent your car, the approval, and soon, the money making process begins. Here’s what to do after you approve a driver’s request:

The Pickup

  • Set up the time/place: once a book is confirmed, contact the driver to set up a mutually convenient pickup time and location. Some owners actually deliver their car to the renter, but that ’ s wholly optional .
  • Safety first: If you don ’ thyroxine feel comfortable having a renter come to your house to pick up the car, arrange a confluence at a public stead, like a interfering supermarket parking bunch .
  • Inspection: When the driver gets there, both of you can inspect the fomite for damages, to make certain the imperfections you listed on-line catch what ’ s actually on the car .
  • Confirmation: Both you and the driver will confirm the cartridge on the HyreCar marketplace. It ’ mho crucial that you emphasize to the driver that they have to do this ASAP. Try to get this done before you hand over the keys .
  • Insurance will begin: indemnity begins once the pickup is confirmed by both parties .

The Drop-off/Returning the Car

  • The driver is notified: The renter of your car will be mechanically advise 24 hours before your fomite is due to be returned to you. If the driver wants to extend the rental, and you ’ re OK with it, he/she can do that through the HyreCar Driver App. That ’ s more money in your pouch !
  • Take pictures: This will help you in the event of filing a claim .
  • Time of drop off: Agree on a mutually commodious drop off time and target. Again, use your discretion as to where you want to meet .
  • Confirm drop off: precisely like with the pickup, both driver and the owner will need to confirm the devolve off via the Driver App or owner splashboard

Final Thoughts

The driver demand for rideshare and delivery gig is incredible. If you own a thoroughly quality fomite that you don ’ t consumption, why not rent it out and make some supernumerary cash ? Pay off some bills, go out for some decent meals, take the vacation you ’ ve been putting off, it ’ s wholly up to you ! You ’ ll besides help a rideshare or delivery driver who needs a vehicle to start working and earning money american samoa well. HyreCar is here to answer any questions you might have and to help you start the serve of renting out your car. We ’ rhenium bequeath to help you earn some passive income, are you ready to take it ?

For any extra information, including our FAQ, please visit us at hypertext transfer protocol : // or find us on Twitter @ HyreCar .
happy lease !
– team HyreCar

source :
Category : Finance

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