Put Your Car to Work for You
Why let your car sit idle in your driveway when it could be out earning you cold, hard cash? That's the idea behind Boston startup company Relay Rides
, a unique peer-to-peer car rental agency.
The company has just gotten funding to run a pilot program
in Baltimore, which will connect car owners with car renters. The idea differs from typical urban-rental programs in that Relay Rides neither owns nor maintains a fleet of cars. They're all privately owned, with the rental price and duration set wholly by the owner.
The company provides specialty insurance covering both owner and renter during the course of the contract, and also installs a special keyless entry so that owners simply assign a time and place for car pickup, without having to interact with the renter.
They claim that renting out your car for just 10 hours per week can net you anywhere from $1,350-$4,000 annually, depending on the quality of your ride. Sound intriguing? Sign up
to find out when they're launching in your city.