How to rent out your car in 5 easy steps

How to rent out your car in 5 easy steps

Think you might like to rent out your car? Our friends at the sharing economy website www.shareable.net have posted a great article to get you started with peer-to-peer car-sharing.

They’ll get you making money with your under-utilised vehicle, connecting with your community, and joining the growing world-wide movement to build a sharing economy.

Here is a summary of their five top tips:

1: Make sure you and your vehicle qualify

To rent out your car through Car Next Door, your car needs to be twelve years old or younger, run well (and be regularly serviced), and have a value of less than $50,000.

2: Take photos

It helps to give your car a personality and make it look appealing. Clean your car inside and out before taking the pics, and on a regular basis, to keep you borrowers happy.

3: Name your car and write a catchy listing

Get creative! For example, Car Next Door has a sporty VW named George and a cheeky Ford Escape called Rosie the Red Rocket. You can also leave some special items in your car (like a picnic blanket) and mention these in the listing.

4: Advertise

You have to tell people that your car is available. Good online venues to post a listing are Craigslist, Facebook, Twitter, or any other social media that you use. Don’t forget to spread the word to your friends and local network. And take this opportunity to tell them how righteous it is to minimise the number of cars on the road; how much money they’ll save by not buying themselves a car, and how they’re contributing to a more liveable city. Try flyers in laundromats, libraries, corner shops and take-aways (with the owner’s OK, of course).

5: Communicate

Shareable’s article talks about sorting out key exchanges and accepting bookings, but for most Car Next Door members who use Fred for instant access, it’s more about making sure that you stay on top of the feedback you’re getting from borrowers, and aim to sort out any issues in order to get as many positive reviews as possible.

The full article is a great read, and can be found here.

While you’re there, have a look around the site – it’s a great resource for all things related to sharing, including clothing swaps, childcare co-ops, cohousing and more. The Shareable team point out that sharing makes life “more fun, green and affordable.”

Ready to rent out your car?

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