DriveMyCar is a great way to earn money from your car while you are not using it.
DriveMyCar is a marketplace that allows you to rent out your car when you're not using it. It's great if you're going overseas, finding it hard to sell your car or not using your car enough. They find you trusted renters, manage all payments including a security bond and provide a formal rental agreement.
DriveMyCar make it possible for people to rent cars from other people with confidence. They do this by creating a ‘trusted marketplace' where owners list their vehicles for free and renters find and book the vehicles after passing our verification processes. DriveMyCar specialises in longer term rentals over 7 days.
The rental process involves a few simple steps:
It’s free to list on DriveMyCar and there are no membership fees.
They calculate the amount you earn from renting your car according to its market value. For example, if your car is worth $24,000 you could earn $840 per month or $10,080 per year, that’s a return of 42% if rented for a year.
The renter’s rate includes comprehensive insurance, roadside assistance and our small admin fee. The owner’s rate is what the owner receives.
DriveMyCar take care of all payments including bond and rental payments and as the owner you get paid fortnightly into your specified bank account.
They also offer a ManageMyCar service where they take your car and manage it for you. The perfect solution if you are heading overseas or on an extended holiday.
DriveMyCar is a peer-to-peer service that makes it possible for car owners to rent their car to other people. Makes sense doesn’t it? Owners earn money from their car and Renters get access to a wider range of vehicles and save money compared to traditional car rental, especially for long term rental periods.
We know that trust and security is important when engaging with other people. DriveMyCar uses PeerPass to screen people before they can book a car. We verify Renter ID’s, perform a credit check and collect the first payment & bond before a rental is confirmed. All vehicles are covered by insurance and 24/7 roadside assistance. You can also review Feedback from previous rentals.
DriveMyCar is owned by Collaborate Corporation Limited (ASX:CL8) an ASX listed company focused on delivering value to Owners and Renters through online peer-to-peer marketplaces.
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Information updated: 01-Feb-2018 02:39 PM*
*Although we do our best to provide accurate information, we encourage you to confirm all details with the relative provider for all accurate information. We do not take responsibility for any legal or tax implications as this is the soul responsibility of the yourself to do full research. Don't forget to consider tax and legal issues in your local area. This is your responsibility.
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