Would you rent out your ride?

[OSUGT]

http://money.cnn.com/2012/06/08/autos/peer-to-peer-car-sharing/index.htm?iid=HP_LN

 

Interesting. Major insurance questions.

[Rocky31186]

For the right price.. Ill throw you the keys..

[gbracing81]

Hey D Wiggs, I have $30, can I use your SV to run to the mall?

[Steve R.]

Hey D Wiggs, I have $30, can I use your SV to run to the mall?

 

No motor, bro.

[Mr. Jones]

lol

[Mr. Jones]

Check out the site 99% Camrys and other basic transportation.

Nobody is dumb enough to rent out their nice car.

 

RENT MY 60k MILE OLD HYUNDAI ELANTRA FOR ONLY $40/DAY!

[gbracing81]

No motor, bro.

 

Well then after it gets done of course.

[Littleguy]

I would highly consider it for a regular daily duty car that I didn't always use.

[gbracing81]

Check out the site 99% Camrys and other basic transportation.

Nobody is dumb enough to rent out their nice car.

 

RENT MY 60k MILE OLD HYUNDAI ELANTRA FOR ONLY $40/DAY!

 

No way dude, it has a bad tranny and bad wiring like every Hyundai ever made does!!!

[Steve R.]

Seriously, I would speak to a legal advisor to see if I could create a contract of liability that who ever rented my car would be stuck with the ramifications of their actions.

 

Essentially, I would own and insure my car as the law requires but while their in possession the contract would dictate that all responsibility would be on their shoulders/insurance. Of course I have no idea if this is possible but if i were to consider it, my first stop is legal council.

[gbracing81]

Seriously, I would speak to a legal advisor to see if I could create a contract of liability that who ever rented my car would be stuck with the ramifications of their actions.

 

Essentially, I would own and insure my car as the law requires but while their in possession the contract would dictate that all responsibility would be on their shoulders/insurance. Of course I have no idea if this is possible but if i were to consider it, my first stop is legal council.

 

Looks like the rental agency has that all covered.

 

The rental companies each provide up to $1 million worth of liability insurance coverage on the cars during the times they are being rented. GetAround's insurance coverage is provided by Warren Buffett's Berkshire Hathaway (BRKA, Fortune 500). RelayRides' users are covered by Hudson Insurance.

 

To make sure customers are protected, some states have passed laws that dictate minimum insurance requirements for peer-to-peer car-sharing companies.

 

Besides insurance, RelayRides and GetAround require that renters submit license information and submit to a check of their driving records before being allowed to rent cars.

 

Also, owners have the right to decline a rental request for any reason -- or no reason -- at all. St. Clair said he won't rent to people who sound unfriendly. He figures it's not a good sign for how they're going to treat his car.

[Steve R.]

Looks like the rental agency has that all covered.

The rental companies each provide up to $1 million worth of liability insurance coverage on the cars during the times they are being rented. GetAround's insurance coverage is provided by Warren Buffett's Berkshire Hathaway (BRKA, Fortune 500). RelayRides' users are covered by Hudson Insurance.

 

To make sure customers are protected, some states have passed laws that dictate minimum insurance requirements for peer-to-peer car-sharing companies.

 

Besides insurance, RelayRides and GetAround require that renters submit license information and submit to a check of their driving records before being allowed to rent cars.

 

Also, owners have the right to decline a rental request for any reason -- or no reason -- at all. St. Clair said he won't rent to people who sound unfriendly. He figures it's not a good sign for how they're going to treat his car.

 

 

You didn't expect me to read the article did you?

 

I would still have someone look over the fine print.

[gbracing81]

You didn't expect me to read the article did you?

 

I would still have someone look over the fine print.

 

You made me laugh out loud Steve. People are looking at me. :lolguy:

[iwashmycar]

If I really didnt care, then I suppose it makes sense.

[Draco-REX]

Buy $500 beater, rent it, Profit??

[justinwebb]

oh yea gonna rent out the honda. "Great for getting groceries"

[TurboNova]

Yeah I'd rent my shitbox

[Diamonds]

You can rent my LS460 for 20.00 per day.... but you have to rent it for 5 years and bring a bank check.

[thorne]

Nice one Bob, I rented a Viper in Hawaii, I only took her up to 120 I paid something like 275 a day (1 day only)

[mustangman2011]

Yeah I have seen something like this before. I thought there was a similiar company around here but they might be out of business now.

[Mattsv8]

I don't rent mine but I've let people ride at marion on some low 9s high 8s passes for a small fee.

[Flyin Miata]

I think California actually passed a law that insurance companies can't deny coverage for a loss if you rent your vehicle out to an individual.