Hyrecar is a car-sharing marketplace platform that allows car owners to list their vehicles for short-term rental. It is an excellent way for college students and stay-at-home moms to make some extra money.
We will go over the required items needed to list your vehicle, the advantages of renting out your car, how to rent out your car with Hyrecar, car listing tips, and how much money renting out your car can really generate.
Hyrecar Vehicle Requirements
Hyrecar drivers must meet specific requirements before listing their vehicles for hire. Most car owners already have the required items, but some insurance coverage may be missing.
- The car owner must have a clean title
- A valid driver’s license
- Car insurance that covers rentals
- Some insurance companies may require rideshare insurance
- A vehicle that is less than ten years old
- A valid credit or debit card
- A completed profile on Hyrecar.com
- It May require a vehicle inspection
The advantages of renting your car
Car owners looking to generate passive income with car sharing have many advantages over those that look to other jobs like delivery drivers and rideshare drivers.
For one, you’re getting paid rental costs minus any fuel and taxes. You’re allowing gig economy workers to start their side hustles while all you do is collect the cash.
- You can set your rental price while earning as much extra cash as possible.
- Vehicle owners can choose the days and times when their car is available for rent.
- You are in complete control of the rental process and rental period.
- You can rent your car even if you don’t have a garage or driveway.
- There is no commitment – you can stop renting out your car at any time.
- There are no subscription fees needed to sign up.
How to rent your car with Hyrecar Listings
The first thing you’ll need before listing your car for rent is an account, and it’s free and straightforward to do.
- Sign up for a free account on Hyrecar.com
- List your vehicle by entering the make, model, year, color, and location
- Set a rental price and choose the days and times when your car is available for rent
- Once you receive a request from a driver, confirm the rental and arrange for pickup or drop-off
- Pick up or drop off the vehicle to the customer and get paid!
Listing your vehicle with Hyrecar
- Go to the Hyrecar website, Click “List Your Car” in the top right-hand corner of the screen, OR log in if you’re an existing user.
- Enter in all required fields, including photos
- Review & PublishYour Car Listing once complete! Now it’s time to start receiving requests from drivers needing a rental!
How to Find Drivers?
- Search for cars by location on hyrecar.com
- When you find a car you’re interested in renting, click “Request to Book”
- Enter in requested dates/times as well as a message to the owner (optional), then click “Send Request”
- The owner will confirm the request if dates/times are available
- The driver will be prompted to pay at the time of booking approval
- All payments will be processed through their secure platform, so owners can rest assured they will get paid on time every time
- Like other rental businesses, any new customer will need to sign a rental agreement before actually taking possession of your vehicle.
Picking up or Dropping off the Car
For pickup – meet the driver at a specified location at the Start Time of rental. For drop-off – the owner must be present to exchange keys & walkthrough condition of pre-existing damage.
Take photos/video of the interior & exterior of the vehicle before handing over the keys.
If meeting driver for pickup – hand over keys & document any pre-existing damage.
If dropping off keys – leave keys in an agreed-upon spot & notify the driver via text or chat that they may proceed.
Finalizing The Transaction & Getting Paid!
When returning the car, inspect for any new damage not documented at the trip’s start (i.e., new scratches, dents, etc.). If no further damage is found – excellent, you’re all set!
If the driver caused the damage
They will be charged a fee + the repair cost (to be determined by the owner). Please note all repairs MUST be completed through an authorized dealership/body shop.
If the driver did NOT cause damage
Owners may repair on their own OR file a claim with their insurance company if they provide Hyrecar with photos/video documentation and receipts/invoices associated with repairs.
How will the customer return the car? The customer will return the vehicle back to its original location unless otherwise specified by the owner.
How Much Does Hyrecar Pay?
The average Hyrecar owner earns $600 per month, and the most successful owners earn over $1,000 per month. Hyrecar takes a 20% commission on all rentals, and owners are responsible for paying their own taxes.
However, Hyrecar does provide comprehensive insurance coverage for all rentals, so owners can rest assured that their vehicles are protected. In addition, Hyrecar offers a wide range of cars to choose from, so there’s sure to be a perfect match for every driver.
Final Thoughts
The Hyrecar sharing economy is a great way to make money by renting out your vehicle. It’s simple to list your car and start receiving requests from drivers, and you can earn up to $1,000 per month. Plus, with Hyrecar’s comprehensive insurance coverage, you can rest assured that your vehicle is protected. So why not give it a try? You could be earning extra cash in no time!
FAQs
Q. Can I get paid through Hyrecar?
A. Yes! All payments are processed through their secure platform, so owners can rest assured they will get paid on time every time.
Q. How does Hyrecar insurance work?
A. Hyrecar comprehensive insurance is designed to protect your car while it’s being used for ride-sharing purposes. In the event of an accident, comprehensive insurance will cover the cost of repairs to your vehicle. It will also cover the cost of any period when your car is being repaired, and you cannot use it for ride-sharing.
In addition, comprehensive insurance will protect you if your car is stolen or damaged by vandalism. While Hyrecar comprehensive insurance does not cover the cost of liability insurance, it does provide a high level of protection for your vehicle.
Q. Is there a limit to how much I can earn?
A. No! The average Hyrecar owner earns $600 per month, but the most successful owners earn over $1,000 per month. Hyrecar takes a 20% commission on all rentals, and owners are responsible for paying their own taxes.
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