The shared economy strikes again.
What industry is being shaken up this time around?
In the case of Getaround, it’s the car industry.
Specifically, the idea of car ownership.
It’s said that the average vehicle sits idle for 22 hours every day, yet car owners pay a premium for insurance, parking, and fuel.
Things don’t seem to add up and Getaround has decided to do something about it.
Learn more about Getaround and discover how you can make money sharing your vehicle and cut costs by renting other owners’ cars.
What Is Getaround?
Getaround is a peer-to-peer car sharing platform that lets car owners rent their vehicles to other drivers.
The on-demand car sharing service connects car owners and renters and enables both parties to cut monthly costs.
With one billion cars in the world, Getaround is challenging how we look at car ownership.
For every car shared on Getaround’s platform, 13 cars are taken off the road.
For those looking to share their vehicle, they can supplement their monthly income to pay for things like car payment, vehicle insurance, and parking fees.
For those looking to rent a vehicle, they can avoid the monthly payments mentioned above and instead only pay for a vehicle when they’re actually using it.
Plus, renters have access to vehicles of all shapes and sizes for whatever life throws their way.
Heading to the beach?
There’s a car for that.
Hitting the town for a night out?
There’s a car for that, too.
The service provides a safe and convenient car sharing experience while helping you save money and take vehicles off the road.
How Does Getaround Work?
Using the Getaround app, drivers are able to make their vehicle available to be rented.
Once an interested renter decides to reserve, the entire rental process is completed directly through the app without the two parties ever interacting face-to-face.
To use the platform, both car owners and renters must be verified and meet a set of requirements — we’ll go into more detail below.
Car owners will then set their rental availability for renters to see.
Through the app, renters can look on a map and see rental car availability based on vehicle type, location, and rental price.
When drivers find a car they like, they can reserve it instantly.
Car rentals can be reserved by the hour or by the day and can be unlocked directly through the app using Getaround Connect.
Every rental is covered by a $1 million insurance policy with roadside assistance included, so both parties can be at ease when using the platform.
Once the reservation is complete, you park the vehicle back in its location, leave the keys inside, lock it, and then you’re done.
The payment for your rental will be processed directly through the app.
No membership fees.
No monthly payments.
It’s as simple as that.
Are you interested in renting a car?
Let’s go over what you’ll need to know.
Rent a Car
Similar to Zipcar, renting a car with Getaround is incredibly convenient and flexible.
You can browse through a wide range of awesome cars and reserve a vehicle almost instantly.
How Much Does It Cost?
Car rentals can be as low as $5 per hour, but you shouldn’t expect this price to be the norm.
The price you pay will depend on what type of vehicle you’re renting, how long you plan on reserving, the location, and the availability of vehicles in your area.
For example, if you want to rent a Toyota Prius for three hours, this will likely be much cheaper than a three-hour rental of a BMW convertible.
Ready to sign up?
First, let’s check if you’re qualified.
Requirements to Rent
In order to rent a vehicle, you must be at least 19 years old, have a relatively clean driving record, and be legally licensed.
There are some other requirements for certain scenarios, which we’ll detail below:
- Renters must be at least 19 years old to reserve standard vehicles.
- Renters must be at least 25 years old if:
- You’re reserving a Tesla or other specialty vehicle.
- You’re an international driver.
- You’re a driver from Hawaii, Alaska, or Canada.
- You have no major violations or drug or alcohol-related offenses in the past three to seven years.
- You have no more than two driving violations or accidents in the past three years.
- If you’re under 21 years old, you must have a clean driving record with no violations or accidents in the past three years.
- You must have been licensed for at least two years.
- You have a valid U.S. driver’s license.
- You must pass an instant driver record check when you make your first reservation.
- You have a Facebook account for verification purposes.
If you’re an international renter, there are a few additional steps you must take.
After you create your account, you must submit a picture of your driver’s license, passport, and face.
If you’re an iOS user, you can submit these documents through the app and be approved within a few minutes.
If you’re an Android user, you’ll need to submit documents at the help center and will be approved within 48 hours.
Now that you’ve gone through the requirements, let’s get you signed up and on the road.
How to Sign Up
Once you’ve met all the requirements, you can head to the Getaround website and create an account by either tapping the sign-up window with Google or Facebook buttons.
After that, you’re able to browse cars and find one to your liking.
When you reach the vehicle page that you want to reserve, you can tap the reserve button.
At this point, you’ll need to connect your Facebook account to provide verification to other users on the platform.
Once that’s out of the way, you’ll need to take pictures of yourself and your driver’s license.
You’ll also need to consent to the driver screening.
After you’ve been approved — which should only take a few moments — you’re all set.
You can unlock your vehicle and begin driving.
Listing your car on Getaround is an excellent way to make money off your vehicle when you’re not using it.
It helps cover your monthly payments while making it extremely easy and convenient to find potential renters.
You’re probably thinking, “How much can I actually make though?”
How Much Can You Make?
Getaround states that the average car on its platform earns $500 every month.
Those are huge earnings for a vehicle that sits vacant much of the time!
Although this is the average monthly earning, you should be wary of outliers like high-end luxury cars that may be skewing this number.
Your earnings will largely depend on what type of vehicle you have, when you decide to rent it, and the location of your vehicle.
Also, it’s up to you to decide how much to charge for your vehicle and how often you rent it.
As such, you play a key role in how much you’re able to earn.
Ready to make some money?
Let’s go over the requirements of listing your vehicle.
In order to share your vehicle on Getaround, your car must meet the following requirements:
- Your model year is 2008 or newer.
- You have less than 125,000 miles on your vehicle.
- Your vehicle can seat no more than eight passengers.
- Your vehicle is a private passenger vehicle with no more than four wheels.
- Your vehicle is insured.
- You have a valid driver’s license.
Does your vehicle check out?
It’s time to sign up and start making money by renting your vehicle.
How to Sign Up
The first step to listing your vehicle is to head to the Getaround sign-up page.
From there, you’ll need to fill out your name, phone number, and car’s year.
You’ll then be asked to name your vehicle for others to see.
After that, you’ll need to create a full profile of your vehicle.
This will include details like model year, model type, trim level, color, mileage, and all other features.
The profile will also include a full written description of your vehicle, your vehicle’s location, how you’ll be paid, and your license.
Once you’ve successfully created your profile, a Getaround specialist will contact you with further details.
You can then choose your rental availability and begin listing your vehicle for others to rent.
1. Where is Getaround available?
Getaround has vehicles across the United States and in Europe.
In all, there are more than 300 cities where Getaround is available.
You’re sure to find some vehicles in major cities like San Francisco, Los Angeles, Boston, Chicago, and Washington, D.C.
To see if your city has Getaround, you can head to the rental map for availability.
2. Does Getaround offer promo codes?
Yes, there are occasional promo codes that allow you to receive driving credit, in many cases off your first ride.
Getaround coupon codes are valid for 90 days and can be applied when checking out in the “Apply Discount Code” box.
3. Can I refer a friend?
Getaround offers $20 for referring new customers to the platform.
The first-time user will also save $20.
Additionally, you can make $200 if you refer new users who list their vehicle on the site.
More information on referrals can be found on the invite page.
4. Who pays for fuel?
The driver of the vehicle will need to pay for fuel during their trip.
If the vehicle is returned at a lower level, the renter will need to pay for the fuel used plus an additional $15 fee.
Cut Costs With Getaround
On one hand, Getaround enables you to rent cars without having the burdens of vehicle ownership.
On the other hand, it provides you with a way to make money off your vehicle when it’s not being used.
Which camp do you fall in?
If you’d like to try Getaround, you can set up your first car rental today.
And don’t forget, keep an eye out for Getaround promo codes to receive free driving credits so you can save $20 off your first trip.
If you’re interested in other ways to make money off your vehicle, make sure to check out our guides on being an Uber driver, Lyft driver, or delivery driver.