24 Juli 2012

Rent out your automotive, drive home profit

AUSTIN (KXAN) - massive events in Austin like South By Southwest, Austin town Limits Music competition, and also the soon-to-be-here Formula One U.S. Grand Prix race bring huge crowds to the town.

Visitors realize places to eat and sleep—and now—they will realize a replacement thanks to get around city. Locals are finding ways in which to drive home a profit throughout those varieties of massive events.

Many people are at home with websites like HomeAway.com —where owners will rent their homes to guests.

Now, an analogous concept is gaining momentum within the Capital town. Getaround could be a car-sharing program that permits Austinites to list their personal vehicles on-line and rent them out hourly, daily or weekly.

"Every month i purchase 2 or 3 rentals—maybe additional,” said Kevin Stanley, who uses the service, “Sometimes, it's simply someone who rides their bike to my house and rents the automotive for 3 hours and then comes back. Or typically, i will have folks from out of city rent it for a full week so that they will get around city."

Stanley started renting his Toyota Prius in March, when Getaround 1st came to Austin.

"This automotive specifically is $6 an hour, $40 on a daily basis and $150 every week," Stanley said of his vehicle.

The website makes it straightforward. Users will list their cars for rent, setting their own rates. Or, users will realize a automotive to rent by scrolling through and sorting out the models and costs.

"Just we tend toek|in the week|on} we hit over a hundred cars," said Lucia Briones, a marketer with Getaround in Austin.

She said the corporate expects that range to grow with the demand for rental cars within the upcoming months, when music fans and race fans pack the town.

Listed vehicles are owned by folks living right within the area—keeping business native.

“The cash stays within the community. homeowners keep sixty p.c of the speed that they set," Briones said.

For Stanley, that is proved to be pretty smart payoff.

“Just this past week, I paid off my next six months on my automotive insurance with the money that I've created since March," Stanley said.

Briones assures—no worries whereas your automotive is in somebody else’s hands. The cars are absolutely insured by Getaround throughout rentals.