Renting out my car

kodaline78 · 19-08-2019 1:38pm #1

Hi there , Apologies if this is the wrong thread.

Just looking at the option of renting out my car through a fleet app . Its called peer to peer renting. Anyone have experience or opinions on this . It seems like a good way to make some extra money.

Aint Eazy Being Cheezy · 19-08-2019 1:39pm

I’d rather set it on fire & claim the insurance.

kodaline78 · 19-08-2019 1:41pm

Why what happened?

antix80 · 19-08-2019 1:44pm

It sounds like a massive headache and leaving you open to theft, damage, speeding tickets, insurance claims.. you'll lose money, I guarantee you!

Aint Eazy Being Cheezy · 19-08-2019 1:46pm

Just to be clear, I’m giving my opinion and not my experience. But off peak car rates are as little as €100/week. That would barely cover the finance. Then you’ve the unknown as to what kind of driver is in your car, will they ride the clutch, crunch the gears, hard on the brakes etc.

Dial Hard · 19-08-2019 1:47pm

Where did you see/hear about this? I'd put money on it not being from an Irish source.

Wanderer78 · 19-08-2019 1:47pm

Risky I'd imagine, and I'd really wonder about the long term extra costs that would be created from extra use, and would it really balance out. I've never heard of it being done, so I suspect it's probably not worth it, but who knows

antix80 · 19-08-2019 1:48pm

Yea.. doubt there's much of a market seeing as the car rental companies don't charge a whole lot outside peak periods, and they have fairly new cars and are ruthless in collecting fees for damage.

Snotty · 19-08-2019 1:50pm

I dont even like my wife driving my car

italodisco · 19-08-2019 1:52pm

You could get someone like me renting it and taking it to the redline , thrashing it around hard corners , double clutching it .

Not worth the hassle.

James Bond Junior · 19-08-2019 1:53pm

I've been a customer of Turo and it is fantastic. I wouldn't drive my own car the way I drove the Turo cars, I'll put it that way.

punisher5112 · 19-08-2019 1:53pm

If it's some exotic machine or high end I could see there may be a small market but an ordinary poverty spec Irish car isn't going to bring in money....

Suppose it's somewhat like Airbnb but it's more widely used in the USA in the renting out of really cool motors.

pippip · 19-08-2019 2:30pm

This service has been about a few years in Ireland.

https://www.jointhefleet.com/

loyatemu · 19-08-2019 2:32pm

Dial Hard wrote: »

Where did you see/hear about this? I'd put money on it not being from an Irish source.

it's an Irish company AFAIK

I installed the app some time back out of curiosity, but unsurprisingly there weren't very many cars on it.

galwaytt · 19-08-2019 2:35pm

before you even go there, how are you going to insure it ?? Forget SD&P cover from the usual sources...........

colm_mcm · 19-08-2019 2:38pm

Apparently this works for some people. I would fear damage to clutch/gearbox or someone swapping tyres/engine/who knows.

loyatemu · 19-08-2019 2:43pm

galwaytt wrote: »

before you even go there, how are you going to insure it ?? Forget SD&P cover from the usual sources...........

Fleet cover the insurance (Axa are the insurer)
https://support.jointhefleet.com/hc/en-us/articles/115003189965-How-does-insurance-work-with-Fleet-

Gorgeousgeorge · 19-08-2019 8:30pm

I know how I treat a rental car

kirving · 19-08-2019 9:17pm

Just as a side note on this. I happened to be looking at my insurance policy (Zurich)for something else today, and it actually has a note to say I'm covered for car sharing schemes - so long as I'm not financially gaining from it.

I'll have to give it another check over, but thought it was interesting nonetheless.

Spook_ie · 19-08-2019 9:19pm

Kevin Irving wrote: »

Just as a side note on this. I happened to be looking at my insurance policy (Zurich)for something else today, and it actually has a note to say I'm covered for car sharing schemes - so long as I'm not financially gaining from it.

I'll have to give it another check over, but thought it was interesting nonetheless.

Don't think that means allowing you to loan the car to someone, just legalise to cover you for getting petrol money off of passengers.

Del2005 · 19-08-2019 9:32pm

This will be the same as AirBnB and the tax will be at your marginal rate. So to make €30 from renting your car most people would have to charge €60 and no one is going to rent a private car for €60 a day when they can hire from a legit company for way less.

I got a car from Enterprise for €30(€55 with full insurance) for 4 days last year, was supposed to be a Focus size got an Mazda CX3. Unless it's fancy no one will pay and if it's fancy you'd be mad to rent it.

inforfun · 20-08-2019 7:12am

There are 3 things in life you dont rent or lent out to some one.

1. Car
2. Wallet
3. Wife\Girlfriend

And in that order.

Emmersonn · 20-08-2019 7:52am

Just did a fast check for car hire for 4 days Cheapest was €38.50 four days hire for a Polo. Not a very exciting car but you would wonder how this can pay. And this was with insurance and collision damage waiver.

Muahahaha · 20-08-2019 11:46am

I believe its popular in the US for people with campervans/RVs. Boats too.

Hard to see cars taking off here though, not with our insurance costs.

coylemj · 20-08-2019 11:58am

This kind of scheme is a minefield when it comes to insurance. It goes without saying (but I'll say it anyway) that your own insurance will not cover this activity.

And regardless of what those schemes say about insurance, ultimately the owner is liable for a claim. If you're injured in a crash and go to law, your solicitor will name the driver and the owner as defendants. If a disqualified person slips through the net, gets your car and knocks someone down, the company supposedly covering him will repdiate cover and the claim will end up on your doorstep as the owner. The MIBI may pay out but they will come after you because you allowed your car to be driven by an uninsured driver.

You also have the issue of M50 tolls and speeding tickets. Definitely not for me.

loyatemu · 20-08-2019 12:55pm

Fleet have been doing this for a number of years and they're partnered with Axa, I'd expect them to have the insurance side of things fairly well sorted. Users driving the sh!t out of your car would be of greater concern. Those car rental prices quoted above seem very cheap - even renting a GoCar is €10 an hour / €60 a day.

mickdw · 20-08-2019 3:02pm

I think it's a great idea.
I wouldn't be sticking a precious car up on Fleet app but if I had a taxed and tested older car that I wasn't using, I'd give it a go.
I know there is an age limit on the cars too - 2004 or so.
It could be a very useful service in rural Ireland where if you needed a car at short notice, you could get one maybe on your door step - if it becomes abit more popular.

Griffinx · 20-08-2022 6:39pm

Anyone have any updated on Fleet...seems it would be more attractive now that standard car hire has gone so expensive.

mickdw · 20-08-2022 6:44pm

It doesn't seem to be gaining traction but I still think it's a great idea.

I know someone who paid 4k for 2 weeks recently for an auto Suzuki worth about 12k.

Griffinx · 20-08-2022 6:58pm

Im going away for 6 months and I was going to put my car into storage but Fleet seems like a good alternative...a friend could manage it for me.

bazz26 · 20-08-2022 9:23pm

As they say, the fastest car in the world is a rental car. Good luck renting out your car to any number of people who won't give two **** about it.

artanevilla · 20-08-2022 9:26pm

https://www.boards.ie/discussion/comment/119498885#Comment_119498885

This is not a good idea if that's the case.

mickdw · 20-08-2022 9:31pm

https://www.boards.ie/discussion/comment/119499469#Comment_119499469

I mean via traditional hire car routes.

Larbre34 · 20-08-2022 9:33pm

Your insurance will be immediately invalidated.

Thats really all there is to it.

walterking · 20-08-2022 9:33pm

https://www.boards.ie/discussion/comment/119499456#Comment_119499456

I always find stupid posts like this rather funny as the person just shows their lack of knowledge of rental cars.

Due to the horror stories of rental companies, people renting cars are extremely careful and as most don't know the roads, they go rather slowly

mickdw · 20-08-2022 9:36pm

https://www.boards.ie/discussion/comment/119499500#Comment_119499500

Bullsh1t. Some hire cars get driven normally bit many get an absolute dogging.

mickdw · 20-08-2022 9:39pm

https://www.boards.ie/discussion/comment/119499498#Comment_119499498

The fleet app has a partnership with insurance company. The car does not need to be insured, only taxed and tested.

Larbre34 · 20-08-2022 9:48pm

https://www.boards.ie/discussion/comment/119499522#Comment_119499522

Try asking your own regular insurer about that one.

bazz26 · 20-08-2022 11:06pm

https://www.boards.ie/discussion/comment/119499500#Comment_119499500

Lol, your actually showing up your own lack of proper knowledge. Any car can get plenty of abuse from a driver without showing any physical signs of it. With a rental car, multiply that by many drivers and eventually over a much shorter period of you end up with a car that feels more worn and older than it actually is.

If you want to trust your car with strangers who wont abuse it in plenty of ways that doesn't show when returning it, then fair play to you.

walterking · 20-08-2022 11:14pm

https://www.boards.ie/discussion/comment/119499918#Comment_119499918

I'd rather an ex-rental that is cleaned and serviced far more often than any private car and almost always with several years of manufacturer warranty left.

Due to some people believing that they are less well looked after, they are even better value.

And the more people that believe that rubbish, the better value for people who buy them.

20-08-2022 11:45pm

https://www.boards.ie/discussion/comment/119499500#Comment_119499500

I must be the only one to drive it like its stolen so.

Always drive it harder than my own, never let warm up, redlining it , hard on the brakes. Spinning wheels starting off, burn offs with rwd cars .

I dropped 2 back 20 minutes after doing doughnuts in them in car parks.

The lad checking the car out when returning it could smell the burning rubber. .

I know lads who intentionally try to put them into limp home mode. .

bazz26 · 20-08-2022 11:55pm

As I said, fair play to you. I'm sure the ones you buy are rented mainly to nums over visting the Knock shrine.

mickdw · 21-08-2022 12:25am

https://www.boards.ie/discussion/comment/119499556#Comment_119499556

What insurer?

If I have a cheap car sitting - maybe I bought a new car and have my old one still here taxed and tested. Rent it out via fleet app which takes care of insurance while on hire.

Are you saying my insurer will have a problem with this?

Brian Scan · 21-08-2022 7:20am

https://www.boards.ie/discussion/comment/119500099#Comment_119500099

Hardy men.

Del2005 · 21-08-2022 10:33am

https://www.boards.ie/discussion/comment/119499997#Comment_119499997

They are cleaned to the most basic level possible and they use the brush machines so the paint will be in bits. They will also get the bare minimum of maintenance and I've had hire cars with 4 different tyres, it also had no spare or compressor/foam!

Yes you can get bargains buying ex rentals but you can still get a lemon. There's plenty of cars that are maintained to a better standard than rentals and they aren't all fleet vehicles. Don't assume a rental will be a lemon or a diamond, they are like all 2nd hand vehicles a gamble.

AMKC · 21-08-2022 10:56am

https://www.boards.ie/discussion/comment/119500099#Comment_119500099

Not very respectful so are you?

You think just because it's not yours and you are renting it you can joyride in it.

You are obviously not a very nice person if you think like that.

How about if another man thought like that about your partner if they were out one night without you and they liked that man and he treated them like that.

Would you like that? No I do not think you would so maybe learn too respect other property too especially property or things that do not belong to you.

cml387 · 23-08-2022 2:26pm

I've hired many cars in my time and driven them as I would have driven my own.

Why this compunction to damage things? Juvenile.

zg3409 · 23-08-2022 2:50pm

Firstly I have been there and done that. I have put my spare third car up on fleet app and hired it out multiple times. It could be handy money but there is hassle and risks.

While hired it does have pay by the day AXA insurance. In case of a big issue, you still have an issue and a claim to handle which could be messy.

For tolls car us registered on the M50 either by registration or leaving a tag in the car. Worst case you get some unpaid tolls but no fines for non payment as tolls are linked to my account. As mine was reg based it means on all other tolls nationwide barrier will not go up, so driver needs to pay.

Parking fines may be a problem, you don't really have their home address nor credit card details to bill them.

Speeding fines, typically it's recommended you take a photo of front and back of their driving licence so you can pass on driver details to gardai.

Damage, it's recommended you both do a whip around car on collection and return in case of damage and take photo/video etc.

Naturally you don't want a perfect car that you don't want to hire out. It's best for a weekend car or a second car you don't care about too much.

In practical terms it's a bit messy. You can set dates in app where car is not available, then you get requests for other dates. You can turn down the requests if it does not suit.

Then you have the hassle of meeting the person in person, handing over keys and giving a guide to how to open fuel cap etc. They may be late or early.

Same on return, you are waiting for them to show.

From a user renting a car point of view it may take many hours before your request is confirmed. It can be handy if cars are walking distance from your home.

I dont do it any more, car is sold. I considered a key combination box for car returns but never did it. I made a few hundred quid but it was more as an experiment than a side job.