Hi all, today I want to talk to you about a great idea for a side hustle especially if you are a two car family and the extra car is not always being used. I stumbled across a company called Drive My Car.
Drive my car is great because whether you are looking to rent your car to others or simply looking to rent a vehicle while you are on holidays!
Yes they are an affiliate of mine and I do make a small commission if you rent a car through them but I wouldn’t suggest a company if I would not use them myself!
Make Money Or Save Money!
What is this Drive My Car you speak of?
Well it is pretty much like Airbnb or Stayz but for your car!
In other words it is a peer to peer service that allows people to rent their car to other people. So it’s pretty much the middle-man in the transaction.
I don’t some criminal driving my car!
Neither do I! Drive My Car screens people before they are able to rent your car. They check identification, perform credit checks AND collect the first payment and bond before the first rental is confirmed.
What if my car breaks down?
No problems. They also offer a road side assistance service that is included in the rental price.
“Am I covered?” It’s often the first question that people ask when they want to rent out their own car or rent from someone else. When you rent a vehicle via Drive My Car you have the benefit of the unique coverage for accidental damage and theft provided for Owners & Renters.
Is this something that you would look into if you have a spare car lying around that could
earn you extra cash?
If you wanted to check out their fees you can find them here.
At the moment my wife and I don’t have an extra car that we would be able to rent to someone but we have spoken about this and it is something that we would do in the future.
Unfortunately, we don’t have more than one property at this stage because we are trying to pay our home off early but this is a great little way would could boost our income with a side hustle.
I am very interested to hear if this is something that you would do for a side hustle? Would you purposely go out and purchase a car to rent out? would you feel comfortable renting your car to strangers? Have you had any experience with this sort of thing that you could share with fellow readers? Could this be a way to pay your car off early?
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