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It's in their FAQ: http://support.getaround.com/kb/car-owners/choose-how-much-to-charge http://support.getaround.com/kb/car-owners/choose-how-much-t... Based o
by biot 16y ago
It's in their FAQ: http://support.getaround.com/kb/car-owners/choose-how-much-to-charge http://support.getaround.com/kb/car-owners/choose-how-much-t...
Based on the screenshot in the tour, setting your price to $12/hour nets you $9.60/hour, so they charge a 20% commission. Not bad considering all the insurance and so on is taken care of.
To prevent rental abuse, it would be interesting if their car kit had an accelerometer, monitored RPM, etc. to detect when things are outside of the norm. There are some other potential issues I see with this. Their car kit appears to plug into the cigarette lighter -- what happens if someone breaks in and steals it? Also, those with integrated Bluetooth handsfree should not use their vehicle's address book functionality or they expose that to any renters. What if someone returns your vehicle but parks it in a spot that, the next morning, becomes a "no stopping during rush hour" zone?
It'd be interesting if this becomes a viable way to make money in high density areas. Lease a handful of half-decent cars for a few years and leave them full-time as rental vehicles. If it's realistic to make $350/month for only 15 hours a week, that could be profitable. Presumably you would only need to get parking/storage-level insurance as driving insurance is provided by GetAround.