Rent your car out to someone for an extra $12,000/year

HyreCar is a car rental marketplace that offers truly flexible car rental options for ride sharing drivers that are looking to either try ride sharing out for a few days, or rent a car long term.

How to rent your car to others for $12,000/year

Rent Out Your Car on HyreCar: The Complete Guide

unlock your car

What we do here at HyreCar is simple: We offer a marketplace where people who want to drive for Uber or Lyft can pay vehicle owners to borrow their car, and in turn a place for car owners to put their cars up to earn some extra income.

You’ve probably heard the stories of how much money people are making driving for Uber/Lyft, either online or asking a driver yourself. But making money doesn’t stop there.

Here’s our complete guide to renting your ride out and making money ASAP.

Benefits: Why rent out your car?

We are proud of the amount of benefits owners can glean with HyreCar. Share your vehicle and you can enjoy the following:

$$ Money $$

Actual earnings from car owner’s dashboard:

owner earnings

  • Make more than $1,000/month: It’s true – Choose to rent your vehicle out and you can make great money to help knock some bills off your list, or do whatever sounds good to you (we don’t judge). If you play your cards right, $1,000 in a month is very doable. The daily rate of a rental can range from $35-$65. Owners get 85% of posted rates, plus additional funds for excess mileage when applicable. Where our competitors take, we give.
  • Car owners market = higher daily rental rates: There’s been no better time to make money renting your car than now. We have high demand to drive for Uber/Lyft to thank for that.
  • Get paid FAST and OFTEN: We mean it. With our easy to manage dashboard, you control when you get your money. Your first deposit will be made a week after your first booking,. After that, you’ll get paid on a rolling two day schedule.

Low risk

low risk

  • Insurance: We get it, your vehicle is your baby. Don’t fret. Share your car without worry: We provide comprehensive, double-backed insurance for all vehicles rented in our HyreCar marketplace. Our insurance meets and often surpasses state requirements. Additionally, your vehicle is also covered by Uber/Lyft insurance policies while the drivers are driving for Uber or Lyft.

For more info about our insurance policy, see: https://hyrecar.com/policies

  • Extensive background checks: Yeah, we know. You wouldn’t even let some of your family drive your vehicle. That said, rest assured knowing that our driver screening is one of our most major focuses. Our renters go through an extensive screening process.
  • Partnership with Zendrive: We have partnered with the exciting Zendrive, making every drive safer through effective monitoring and analytics of our drivers. Zendrive measures driver safety, from speeding to cell phone use to collision detection, using only smartphone sensors. This informations allows us to remove less-than-acceptable drivers swiftly.
  • Incentive to drive right: Remember that to drivers, your vehicle is their business. The incentive for a driver to treat your vehicle with respect is high. If the car is in less than acceptable shape, or in the rare instance that it’s in an accident, that means no business for the driver. We’ve known drivers to adhere closely to this behavior across the board.

Note* If you haven’t seen it yet, check out our animated video describing our service:


Process: How to Rent Your Car Out

(Hint: It’s easy as heck, but first you need to list your car first.)

We’re also really proud of how simple we’ve made the “make money renting your car” process. We’re sure you’ll agree: it’s easy.

Listing your vehicle

carlisting

  • Decide you want to rent your car out for money.
  • Give yourself a high-five and pour yourself a scotch (latter is optional but recommended).
  • Visit hyrecar.com/share and enter your information.
  • Complete your vehicle information and click next
  • We’ll also ask you for: pictures of your vehicle, make, model, year, plate #, VIN, and features.
  • Additionally, you’ll decide on a pickup location and a price
  • Our prices average about $40 per day. (Tip: Submit your vehicle with as much info as you can and insert the rest later instead so you can make money renting your car quicker!)
  • Enter your user information and verify your email
  • On your partner dashboard click “My cars” and post your vehicle to the marketplace! That’s it.
  • Congrats, your vehicle is now live on our marketplace! You can now start making money renting your car. So, more scotch?

Car listing tips:

  • While they aren’t mandatory, the inspections for Uber/Lyft and a basic 19-point inspection look extremely good to drivers, as they won’t have to get them done themselves individually. Owners who get these inspections done get their vehicles rented 87% more often than those that don’t!

Making Money: Actually Renting Your Vehicle Out

make money with hyrecar

The final part of this is teaching you ways and best practices our owners are using to get their cars rented. Great news: Drivers are hungry for cars right now. Let’s start making money with your car.

Finding drivers

  • HyreCar Marketplace: Our simple, user-friendly, and vibrant marketplace is where most of our drivers find vehicles to rent. The same will go for yours. (This is where making a sweet listing really counts!) Log on and view the drivers in your area that need cars.
  • Driver invitation system: Drivers will be able to find your car organically through our marketplace, but you can also invite them to apply via our driver invitation system. Simply use the tool to search for drivers and invite them to apply for your vehicle. See our driver invitation page here. (Must be logged in to see drivers)
  • Reaching out: If the invitation system doesn’t tickle your entrepreneurial fancy, there’s an additional option for drivers to search for drivers and reach out to them personally. Owners can pay a small fee to see driver’s personal contact information and are empowered to reach out themselves to make a transaction.

Finalizing the transaction

Once you’ve found a driver you like, you’re knocking on the door of Money Town. Some final “t”s to cross and  “i”s to dot.

  • After approving a driver: You’ll be promoted to upload your car’s registration if you haven’t yet.
  • Upload your vehicle registration ASAP: This will move things along much quicker once you get your first application
  • After registration is uploaded: You’ll be prompted to fill out a damages list.
  • Be as thorough as possible. Obviously.
  • After submitting the damages list: The insurance will be uploaded within 24 hours of the rental period to our site. The driver and you will receive an email notifying that the transaction’s insurance info is on the site.

The Pickup

  • Set up the time/place: Once a booking is confirmed, contact the driver to set up a pickup time and location.
  • NOTE: You do not have to meet at your residence. We suggest somewhere you feel most safe, like a Walmart. Unless you have bad memories at Walmart, in which case Target is a great alternative.
  • Inspection: When the driver gets there, they’ll inspect the vehicle for damages themselves and confirm the damages list you submitted.
  • Confirmation: Both you and the driver will have to confirm the pickup on our HyreCar app. ENSURE THE DRIVER DOES THIS.
  • Insurance will begin: Insurance begins once the pickup is confirmed by both parties.

The Dropoff

  • Driver is notified: Driver will be notified 24 hours before your vehicle is due back.
    • Driver Extensions: Drivers can choose to extend the rental at any time, based on your preferences. More money for you!
  • Time of dropoff: The drop-off will occur wherever the driver and owner have agreed at the time specified by the owner.
  • Confirm dropoff: Similar to pickup, both driver and owner will have to confirm the dropoff on the HyreCar app.

Final Thoughts

The driver demand for Uber/Lyft is incredible. If you have a vehicle that you could rent, this is an opportunity to make some great money. We hope we’ve shown you our process is well-thought out, and especially thorough when it comes to protecting the safety and property of our owners.

For any additional information, including our FAQ, please visit us at http://hyrecar.com or find us on Twitter @HyreCar.

Cheers!

HyreCar


Comments
Harvey Specter
Posted at 6:50 pm June 13, 2016
Diana Vazquez
Reply
Author

Do you have this service in Florida?

    Harvey Specter
    Posted at 7:06 am July 4, 2016
    James R
    Reply
    Author

    Hi Diana, unfortunately we are not currently available in Florida

      Harvey Specter
      Posted at 6:11 pm July 20, 2016
      obin olson
      Reply
      Author

      please email me if a prius with 170,000 miles is eligible in your system for rental. I can get inspections etc on it if needed, need car eligibility list please obinolsen@gmail.com have a few cars to put on here if they will be accepted. thanks

        Harvey Specter
        Posted at 5:41 am July 21, 2016
        James R
        Reply
        Author

        Hi Obin, yes your car should be eligible as long as it can pass inspection. Let me know if you have any other questions,

        -James

      Harvey Specter
      Posted at 2:58 am January 21, 2017
      Ray
      Reply
      Author

      I have a question! Is it even reasonable to consider renting out a Mercedes? if so what type of daily rate can been generated?

        Harvey Specter
        Posted at 7:43 pm February 9, 2017
        Nate Ryan
        Reply
        Author

        Hey Ray! It’s totally reasonable! You can definitely charge a higher rate, especially if the vehicle qualifies for programs like Uber Black or Select!

Harvey Specter
Posted at 8:12 pm July 6, 2016
Cody
Reply
Author

What are the fees you guys collect from the owners
Per say daily rate $40 how much do you get out of that

    Harvey Specter
    Posted at 3:53 am July 11, 2016
    James R
    Reply
    Author

    Hi Cody!

    We only take 15% from the car owner.

Harvey Specter
Posted at 4:21 pm July 8, 2016
dean
Reply
Author

how many cars can I rent through hyrecar?

    Harvey Specter
    Posted at 3:45 am July 11, 2016
    James R
    Reply
    Author

    Hi Dean, you can rent as many as you like. We have car owners with over 20 cars on the market that are pulling in $15,000-$20,000 per month. The most important factor here is where you list your cars. Certain areas have much higher demand than others.

Harvey Specter
Posted at 8:45 am July 28, 2016
Simmone
Reply
Author

Are you available in Las Vegas?

    Harvey Specter
    Posted at 9:37 am July 28, 2016
    James R
    Reply
    Author

    Hi Simonne, yes we are.

Harvey Specter
Posted at 2:18 pm July 31, 2016
Nnamdi C.
Reply
Author

What happens to my vehicle insurance after I list it on your platform? Do you provide coverage for the vehicle even when it’s not out for rent but still listed, or I have to maintain my personal insurance?

    Harvey Specter
    Posted at 6:17 am August 3, 2016
    James R
    Reply
    Author

    Hi Nnamdi our insurance takes over as soon as you hand the keys over to the driver and confirm the pick up in your partner dashboard.

Harvey Specter
Posted at 12:36 am August 3, 2016
Trevis Kelley
Reply
Author

I am located in Kansas city. Where can I find out if demand is high here, and how much I can make renting my car? I have one coming back to me soon with a brand new engine and low miles that will be ready to be rented 24/7.

Harvey Specter
Posted at 4:14 am August 16, 2016
TM
Reply
Author

How do you guys not operate in NYC? One of, if not, the busiest city.

    Harvey Specter
    Posted at 7:37 am August 22, 2016
    James R
    Reply
    Author

    Hi TM!

    We would love to operate in NYC, however, the laws there are extremely restrictive for ridesharing and rental services so it’s just possible at the moment.

Harvey Specter
Posted at 3:23 am August 20, 2016
Ram
Reply
Author

Hi is your service available in Knoxville area ?

Harvey Specter
Posted at 1:31 pm August 22, 2016
Sam
Reply
Author

Do you operate in Maryland? Can one rent out pick up truck?

    Harvey Specter
    Posted at 7:06 am August 29, 2016
    James R
    Reply
    Author

    Hi Sam,

    Yes we are available in Maryland. You may rent whatever cars are available in our market place.

Harvey Specter
Posted at 4:21 am September 5, 2016
Anuj
Reply
Author

Do u operate in New jersey i have Honda Accord 2013

    Harvey Specter
    Posted at 4:54 am September 15, 2016
    James R
    Reply
    Author

    Hi Anuj,

    Yes we do operate in New Jersey!

Harvey Specter
Posted at 7:38 pm September 5, 2016
Phil
Reply
Author

Where can i see the list of the cities you are available ? You are a list right?
Do you provide any statistics to your users such as what type of Uber services makes money the most and/or what model/make car is the most demanded one etc?

    Harvey Specter
    Posted at 4:55 am September 15, 2016
    James R
    Reply
    Author

    Hi Phil, we operate in the following states:

    AL, AZ, CA, CO, GA, IN, KY, MO, MD, MS, NC, NJ, NV, OH, OR, PA, SC, TN, TX, UT, VA, WA.

    Uber and Lyft are definitely the money makers for most drivers. Drivers are typically looking for any gas efficient 4 door vehicle.

Harvey Specter
Posted at 7:29 am September 9, 2016
Rico
Reply
Author

Hi Sam so I have a car which is register but has no insurance . It sits in a garage . If I would to rent it out on your platform would I need insurance ?. Remember they can pick the car up in front of my house I would never drive it. And if u say I would need insurance do u know any company who would insure a car for only the gap part of it. Remember I will never drive it . Once the person returns it it goes back in to garage ! Thanks Rico

    Harvey Specter
    Posted at 4:56 am September 15, 2016
    James R
    Reply
    Author

    Hi Rico,

    We offer daily insurance for all of the vehicles that we rent on our platform.

Harvey Specter
Posted at 11:54 pm October 4, 2016
Hola
Reply
Author

Hey! If I rented my car out but was leaving the country for an extended time, would that still work. As a long term deal?

    Harvey Specter
    Posted at 8:26 am October 6, 2016
    James R
    Reply
    Author

    If you can find a long term renter then you can have your car rented the entire time. Otherwise you can still rent the car out, but you’ll need to find someone to do a key exchange when you get a new rental. Luckily, with HyreCar most rentals do end up being long term.

Harvey Specter
Posted at 4:32 am October 8, 2016
Eno Irving
Reply
Author

Hello, how many cars can a person rent to you at once? 2? 3? 4? Lol!

    Harvey Specter
    Posted at 5:27 am October 10, 2016
    James R
    Reply
    Author

    Hi Eno,

    We have people on our platform who have over 20 cars rented out.

Harvey Specter
Posted at 5:34 pm October 11, 2016
Maria
Reply
Author

Hi, I have a car payment can I still rent it out?

    Harvey Specter
    Posted at 8:43 am October 12, 2016
    James R
    Reply
    Author

    Yup!

Harvey Specter
Posted at 6:24 pm October 12, 2016
Tania
Reply
Author

can I rent my car in dallas

    Harvey Specter
    Posted at 2:39 am October 18, 2016
    James R
    Reply
    Author

    Hi Tania!

    Yup, Dallas is very popular for our service

Harvey Specter
Posted at 4:47 pm October 14, 2016
Brad
Reply
Author

Hi,
Is there a demand for this in the Cleveland, Ohio area?

    Harvey Specter
    Posted at 2:32 am October 18, 2016
    James R
    Reply
    Author

    Hi Brad,

    Yes there is decent demand in Ohio. List your car and you should have no problem getting it rented out!

Harvey Specter
Posted at 1:07 am October 20, 2016
ANTHONY
Reply
Author

You Portland, Oregon yet?

    Harvey Specter
    Posted at 3:45 am October 21, 2016
    James R
    Reply
    Author

    Hi Anthony,

    Yes, we are in Portland

Harvey Specter
Posted at 4:10 am October 22, 2016
john
Reply
Author

Can I get a sense of the marketplace for my area (Santa Barbara) before I sign up?

    Harvey Specter
    Posted at 6:57 am October 25, 2016
    James R
    Reply
    Author

    Hi John, you can get started for free by visiting hyrecar.com

Harvey Specter
Posted at 12:14 am October 24, 2016
juan
Reply
Author

I need a car on los angeles ca.

    Harvey Specter
    Posted at 6:57 am October 25, 2016
    James R
    Reply
    Author

    Hi Juan, please visit our homepage to get started – hyrecar.com

      Harvey Specter
      Posted at 8:49 pm October 26, 2016
      Fernanda Garcia
      Reply
      Author

      Hi James,

      I have a 2010 Volkswagen Bettle that I would like to place for rent. The car is in great condition, but it has 2 doors. Does Uber/Lift accepts 2 door vehicles?

        Harvey Specter
        Posted at 5:34 am October 27, 2016
        James R
        Reply
        Author

        Hi Fernanda,

        2 door vehicles are not accepted. I would suggest renting a vehicle from HyreCar.com to see if ridesharing is for you. We offer two day rentals so there is no commitment.

Harvey Specter
Posted at 11:04 pm November 7, 2016
Vikrant
Reply
Author

Hi, can I rent my car out in Houston, TX?

    Harvey Specter
    Posted at 5:31 am November 28, 2016
    James R
    Reply
    Author

    Hi Vikrant,

    Yes, we are operational in Texas

Harvey Specter
Posted at 1:16 am November 8, 2016
angie
Reply
Author

Hi, how are payments recieved? Paypal? Direct deposit?

    Harvey Specter
    Posted at 5:30 am November 28, 2016
    James R
    Reply
    Author

    Hi Angie, payments are sent out via direct deposit.

Harvey Specter
Posted at 12:42 am November 22, 2016
Oliver K. Palanjian, Jr
Reply
Author

So let me get this correct. I am renting my car NOT to a particular user, but a particular person who uses it as a taxi. THIS is your model? That is okay, I just want to be sure.

    Harvey Specter
    Posted at 5:28 am November 28, 2016
    James R
    Reply
    Author

    Yes your car would be a rented to a person who would use it for ridesharing

Harvey Specter
Posted at 5:58 am December 3, 2016
Bethany Clemons
Reply
Author

Can you just rent your car daily like from 7am to 530?

    Harvey Specter
    Posted at 6:08 am December 8, 2016
    James R
    Reply
    Author

    Hi Bethany, at the moment we only offer 2 day minimum rentals.

Harvey Specter
Posted at 11:13 pm December 17, 2016
Daniel
Reply
Author

What happens if that person does not have enough funds or drive enough to pay for the rental fees upon returning the vehicle? when would i get paid for renting out my car?

    Harvey Specter
    Posted at 7:58 pm February 9, 2017
    Nate Ryan
    Reply
    Author

    Hey Daniel, to protect our Partners, we collect payment from the Driver at the beginning of the rental period! Thanks for reaching out with your concern!

Harvey Specter
Posted at 4:52 am December 23, 2016
Alexander
Reply
Author

Are you guy in Phoenix Arizona and San Diego?

    Harvey Specter
    Posted at 7:56 pm February 9, 2017
    Nate Ryan
    Reply
    Author

    Yes, both of those cities are always very active!

Harvey Specter
Posted at 8:57 pm December 25, 2016
Nicho
Reply
Author

Hi there,
Are you opertional in Boston area?
We do have some benz cars want to rent out to uber drivers, it seems that we can do some thing at that point.
Best,
Nicho

    Harvey Specter
    Posted at 10:59 pm December 26, 2016
    James R
    Reply
    Author

    Hello Nicho, I’m sorry but we are currently not operating in MA, but have plans this year for a MA grand opening.

Harvey Specter
Posted at 6:20 am December 28, 2016
Tristan
Reply
Author

Is there a way to “beat the system” to rent a car that you rent? Say I put my car up for rent, can the person who gets it rent it out?

    Harvey Specter
    Posted at 9:52 pm January 6, 2017
    Kit Tran
    Reply
    Author

    Hi Tristan, although hypothetically it could happen, we have controls in place that would prevent that scenario from occurring.

Harvey Specter
Posted at 3:19 pm January 21, 2017
Luis estrella
Reply
Author

I have a 2009, is that too old to rent out? Or is it rented at a lower rate because it’s older?

    Harvey Specter
    Posted at 7:42 pm February 9, 2017
    Nate Ryan
    Reply
    Author

    Hey Luis! As long as Uber accepts the vehicle, it’s good by us!

Harvey Specter
Posted at 2:43 am February 10, 2017
NATASHA PREVOST
Reply
Author

Hello,
Is it possible to focus on long term renters only? Im in the Houston area. Thanks.

    Harvey Specter
    Posted at 4:39 pm February 10, 2017
    Nate Ryan
    Reply
    Author

    Hey Natasha! Our service caters to long term renters, so you’re in luck! Just go ahead and create an account on our site and we’ll get you started! 🙂

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