Relay Rides: New Program Lets You Rent Out Your Car And Make Money

23 May 2010

If you own a car, you can make extra money by renting it out when you are not using it. Relay Rides, a new online company, provides car owners the ability to rent out their cars and get paid.

How does Relay Rides work?

1. Register on the website for free, and a representative from Relay Rides will contact you to enroll your vehicle.

2. Relay rides will schedule a mechanic to install a special device in your car that allows renters to start it without having to obtain your keys. The device is not harmful to your car, and it can be removed without any problems.

3. Set the rental price for your vehicle, list the availability times, and where it will be available for pick up (home or work). You decide what you want to charge for renting, but Relay Rides has a basic fee structure you can use to make sure your price is reasonable.

The following table is a sample of the best pricing for your vehicle.

Model Year	Economy	Full Size	Specialty
2007 – 2010	$8.00 per hour $64 per day	$10.00 per hour $80 per day	$12.00 per hour $96 per day
2004 – 2006	$7.00 per hour $56 per day	$9.00 per hour $72 per day	$11.00 per hour $88 per day
2003 or earlier	$6.00 or less $48 per day	$8.00 or less $64 per day	$10.00 or less $80 per day
Excess miles	40¢ per mile	50¢ per mile	50¢ per mile
(Hourly rates include 20 miles per reserved hour; daily rate capped at 160 miles per day)

4. Renters will reserve and rent your vehicle during the time that you make it available.

Will your vehicle be safe?

Relay Rides does several things to make sure you don’t have to worry about your vehicle.

Relay Rides screens the driving record of every driver that rents your vehicle
Relay Rides offers comprehensive insurance coverage for your vehicle
Relay Rides will take care of you and your vehicle in the case of a loss or an accident

How much money can you make by renting out your car?

Your earning potential varies depending on what type of car you own, and how often you actually rent it out.

The table below shows an example of the yearly earning potential for different types of vehicles.

Annual Profit		Hours rented per week
		10	20
Type of car	Specialty (Luxury vehicle, Van, SUV, etc)	$4,000	$8,000
	Full Size (Camry or equivalent)	$3,100	$6,250
	Economy (Chevy Metro, Ford Focus, etc)	$2,250	$4,500

Final Word On Relay Rides

The Relay Rides program is new, and it is currently only established in Boston, Massachusetts. The program is expanding and may be coming to your town.

You can register for the program through this link: Rent Out Your Car Through Relay Rides And Make Money

I wanted to inform everyone of the program to make you aware of the possibilities of earning extra money through various opportunities.

Please comment on this opportunity. Let me know what you think. Would you ever consider joining a program like this? I think I would, especially if I was not using my car a lot.