Over the past few years, the AirBNB customer base has increased to 150 million people, where individuals rent their apartments for short-term purposes to interested parties. Through the site or the AirBNB mobile app, anyone can book a room in over 191 countries worldwide! This brings convenience to people who love traveling since they can be sure of finding an affordable place to stay without being dependent on the major hotel chains.
On the other side of the equation, this gives enterprising people an opportunity to rent part of their homes for a short while and get money. Well, why not offer this same service for car rentals? Lots of people use their cars infrequently or would be willing to rent their car out in exchange for some additional income. Well, luckily for both renters and car owners alike - there are a bunch of new services that are popping up to fill this 'AirBNB for cars' void in the market. Let's explore some of what you should know...
What Does A Used Car Rental Offer A Customer?
There are many benefits of using used car rentals. The first and most important aspect is that as a client, you can be sure of getting a private car to use as if it is your own anywhere you go to. The chance of having a car that you can use freely in a guest city brings convenience that cannot be attained by use of carbs and chartered services. Secondly, use of private car or used cars will help save on cash. The cars are provided by people, some of whom may not charge a highly as private car rental companies. This will give you as a guest plenty of options to choose from in terms of price, car model, car services and so on. You may decide to have the best cars with luxurious features or just settle for a moderate car.
Further, private car rentals give you an opportunity to explore the city you are visiting at a lower cost. You will be able to travel around the city past your main purpose of visiting as long as you have a reliable means of transport. If you are visiting a new city across the globe, it is time you started looking for a car rental in the area you are visiting.
What Used Car Rentals Offers Service Providers
The good news is that anyone can be a service provider for as long as they own a car in a usable state. You can decide to rent your car at your own set price. The main advantage is that car owners get a chance to make some money on their cars that they are not using or rarely use. This is a lucrative business opportunity for those who have several cars or run car rental business. Secondly, as a car owner, you are assured of security. Just like AirBNB ensures that all those who rent apartments do not cause damage so it is with car rentals.You are guaranteed of car safety and anyone who rents your car must be known and have a valid background information
Legalities Of Car Rentals
The car rentals for used cars operates primarily based on the laws of the city in which the services are offered. Some countries have laws that prohibit short-term car rentals without notifying the authorities. It is therefore for the duty of the car owners who want to give them out for rental to find out the requirements of the law and make sure they are followed. Further, it is important for all used cars to have the necessary safety features and be in a usable state to be able to be accepted as used car rentals. Every car should pass the countries minimum requirements for a roadworthy car. Most importantly, all individuals offering car rental services must provide pictures that clearly show the state of the car, both the interior and the exterior. Once the car is leased, it will remain in the hands of the tenant for the period of time agreed upon.
Most of the other legalities can be agreed upon by the car owner and the client. The prices set will be discussed by the parties and they will agree on several issues including, in case of damage. Car owners may also opt to take an insurance cover, like the one offered for house rentals on AirBNB. The insurance cover helps homeowners pay for damages in case of anything going wrong up to a tune of $100,000.
Some of the Pros to Used Car Rentals
Advantages
- The car rental business is a source of income for every car owner.
- Car owners get to set their own prices for car rentals.
- The services offer convenience for travelers and tourists who need private cars.
- Reduces the cost of private car rentals by increasing the number of participants in the business.
- Offers car owners access to a global market.
- Offers travelers an alternative to the use of carbs.
Disadvantages
- There is no clear agreement on what happens in case of an accident.
- The car rented may be used for illegal activities.
Bottom line
At the beginning of AirBNB, people had so many fears in terms of the security of their properties and the intentions of their guests. Years down the line, most of these issues have been streamlined. over 3 million people book for apartment rentals online using AirBNB successfully. It is also with the same reason as to why the great opportunity of used car rentals has presented itself. Those with business mentality have already jumped on the ship. Within no time, more millions of people will be using used car rentals. It is your time to check out this latest service and start posting your cars or looking for cars to rent. Used car rentals is a safe and secure way of getting around a new city. It is also cheap and convenient as compared to the use of cabs and chartered services. The service purely person to person, however, those renting the cars out will have to pay some commission.