How to Make Money Through Car Sharing

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Car sharing is a great way to make the most out of your car! You can use it whenever you need, however, it can be used by others, earning you cash, when it’d usually be sitting idle. 

Yourdrive, New Zealand's first peer-to-peer car sharing platform, provides a safe and easy way to share your car with others. Insurance is included in all rentals so there’s no risk involved and all renters are background checked before being approved to rent. Additionally, our support team are there to assist the renter if anything goes wrong or if you have questions or concerns. You just sit back, relax and earn.

Keep reading to find out how to share your car and generate additional income through car sharing.

1. Sign up

Joining Yourdrive is easy and free, simply click 'Join' in the top right corner of any page. You can sign up for Yourdrive by creating an account with your email or by connecting your account with your existing Facebook account.

After you sign up, you will need to complete your profile and have it reviewed and approved before you can make bookings. To complete your profile, you must: verify your email address, provide your driver licence details and any required supporting documentation, and supply your phone number and home address. 

2. Create a listing

To start listing your car, click List A Car in the menu bar. First, enter your basic vehicle details. Then move onto setting up pricing, writing a description, confirming the vehicle location, and uploading photos. Find out how to craft an attractive listing here.

3. Get a Certificate of Fitness

Under New Zealand legislation you will require a Certificate of Fitness (COF) to rent out your car. A COF is basically the same as a Warrant of Fitness (WOF) however, it verifies that the vehicle is compliant with NZTA rules and regulations around rental vehicles and that the vehicle is safe to be used as a rental car. 

When you get to this point of listing your vehicle, we will send you an email with full instructions on how to change your registered vehicle use and obtain a COF. Once you've got this, upload a photo of your COF test sheet to Yourdrive and you’re done. We'll review your listing and, if everything is good, approve it so it's live on the site. 

4. Accept requests

When a renter submits a booking request for your vehicle, you'll be notified by email and SMS. You have 24 hours to respond to the request unless the booking is due to commence in less than 24 hours. In that case, you need to respond before the booking starts. 

If you accept the booking and the renter's payment is processed successfully, you'll receive a booking confirmation email which includes the renter's contact details. 

5. Facilitate collections

The vehicle will be picked up from its registered location at the start of the booking period unless you've made other arrangements with the renter.

When the renter arrived to pick up the car, you should:

  1. Check the driver licence of the person picking up the car to verify their identity. The licence needs to match the identity of the person picking up the car and the Yourdrive renter profile. Do not hand the keys over if the person picking up the car is not the person who booked the car!
  2. Check the driver licences of any additional drivers registered to the booking. All registered drivers must be present at pick up.
  3. Perform a vehicle inspection with the renter taking photos of the vehicle to verify its condition in case an incident occurs or a claim is submitted. For details of the photos you should take, see here
  4. Inform the renter of the type of fuel the vehicle takes.

6. Facilitate return

As with pick up, the vehicle will be dropped off at its registered location at the end of the booking period unless you've made other arrangements with the renter. When the renter returns the vehicle, it should be in the same condition as it was when collected and contain the same amount of fuel. 

When the renter drops off the vehicle, you should perform a vehicle inspection taking photos of the vehicle to verify its condition in case an incident occurs or a claim is submitted. For details of the photos you should take, see here

If the vehicle is returned late, has new damage, is unclean, or is not fuelled equally report this to Yourdrive by submitting an incident report

7. Get paid

Sit back, relax, and dream about what you're doing to spend your earnings on. Yourdrive processes the payments to vehicle owners monthly. Owners are paid around the 10th of the following month for all their bookings ending in the previous month.

Join the car sharing movement to experience the future!

Sign up to list your car and start earning. 

                 Sign up to list                  Learn more about being a renter


Posted by Kezia Lynch on 22nd of December, 2018