So, you want to rent your car to perfect strangers? What?! Yes, yes... you do. And I will tell you why.
1.) Make money - ok, this is a no brainer. According to Jessica Scorpio, one of the co-founders of Get Around - most people who rent out their car regularly net $300-400 a month. And based on people I've spoken to that use these types of services, the time investment is minimal once you get systems like automatic door openers and SMS requests set up.
2.) Pay off your car faster - If you have a car payment, why not disperse the cost of your car over several drivers. Most car sharing services see that their users are 75% local with many repeat users. So, basically, you are just sharing your asset amongst neighbors who need access to a car.
3.) Insurance is legit - Did you know that companies like GetAround provide a 3rd party insurance policy, which covers both the driver and you? So, you won't have to pay a single penny if the driver/renter of your car does any damage and nor will it go on your drivin record. Pretty cool, huh? The only downside is that you'll have to pay a hefty 40% transaction fee. So that means if you rent your car for $40 a day, you'll only see $24 of it. Totally worth the peace of mind though.
4.) Keep cars off the road - According to independent research, people who utilize car shares drive significantly less as do the owners of the cars. Once car sharing is implemented, both parties seek alternative transportation options.
5.) It's human - Sounds so silly to post this as a reason, but sharing feels awesome. It feels good, it feels human to rent your car that sits 92% of the time. Plus, you'll probably meet some pretty interesting people along the way that share the ethos of sharing. Sometimes people even leave sweet gifts in the cars of their hosts.
The 3 Best Peer-to-Peer, Neighbor-to-Neighbor Networks for Sharing Your Car
Get Around - Least amount of red tape and easiest to start. Simply get your VIN, insurance policy and photos of all sides of your car together and you can post your car in one fell swoop. Plus, insurance is built into the system.
Relay Rides - Requires that you use their proprietary locking mechanism, but still provides an excellent insurance policy. It took 3 months for me to get my car accepted, but still worth a try.
Airbnb - I don't think Airbnb officially sanctions renting cars out on Airbnb, but when I coworked at airbnb more than a year ago, Brian Chesky, one of the founders had just posted his Jeep and was trying to post other items on their as well. You can rent your car on Airbnb, but insurance isn't included the same way it is with GetAround. Call your insurance company --- mine allows me to share my car with friends for up to 500 miles and a few days.