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Peer-to-Peer Car-Sharing Services

Rent Cars From Strangers to Save Money

Introducing . . . another new wave of startups that will help you save on car rentals. Bay area companies like Getaround, RelayRides, and Spride Share, are providing a cheaper zipcar-like alternative, according to the New York Times. However, instead of renting cars from a company, you'll be able to get your car from an individual who has decided to rent his car out.

This online peer-to-peer lending service is a bonus for both parties, because as a car owner, you'll be able to earn money on the side when you're not using your car, and as a renter you might be able to fork out less if the stranger decides to charge a lower rate. This new trend in car lending has come about due to the new changes in California's auto law, which fully insures both drivers and owners who participate in car-sharing services. What do you think — is this a service you would use?

Image Source: Thinkstock
Join The Conversation
rossy rossy 6 years
How legal is this? Seriously, what's to stop the "renter" from simply keeping the car - a car rental agency is obviously insured re: theft, & the like, right?
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