May 20, 2022
Cash on Wheels: Rent Out Your Car and Earn Extra Income
Renting out your personal car for extra income is a growing trend facilitated by websites like RelayRides and GetAround. Owners list their cars, and the companies handle marketing and key exchange, potentially earning over $3,000 annually. Earnings vary based on car type and age, with Teslas commanding higher hourly rates. While risks exist, rental companies offer large insurance policies and deductibles for damage or cleaning, acting as a secure middleman.
