Getaround pays car owners monthly and also you’ll also receive personalized earnings reports. Insurance is included and daily mileage rates apply. Getaround has its own technology where renters can unlock the vehicle with their phone so it’s a convenient keyless entry. Then, they head to the pickup location for that vehicle and unlock it with the app. How it works is users download the app and select a car they’d like to rent along with the desired day and time. Getaround wants to prevent this from happening by promoting car-sharing as a more environmentally-friendly and affordable solution.Įach shared car takes 13 cars off the road, and you can earn an average of $500 per month by renting out your car so it’s a win-win. There are currently 1 billion cars located all over the world and this number is expected to double in 10 years. Getaround is a car-sharing website and app available worldwide. Let’s dive into how they both work so you can determine which one is right for you.

Sites like Getaround and Turo allow you to monetize your vehicle owner status during the days and times that you’re not driving. In fact, more and more people are renting vehicles and using ride-share apps. This doesn’t mean that no one is driving or people don’t need transportation. Research shows the average car is parked 95% of the time. However, it’s important to realize all the money-making potential you’ll have by using either platform. Two of the most popular sites that come to mind are Turo and Getaround. If you work from home or simply don’t drive as often, there are many different apps and sites that will help you get paid by renting your vehicle out.

Owning a car can be expensive but you could also make money with your car by renting it out.

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