P2P Carsharing: get extra income with your car rental

Born through social networks, P2P Carsharing, or car rental between private individuals, is strongly established in the United States and several European countries, although in Spain is currently used in a few large cities. This method makes it possible to rent a vehicle at a cost of 6 to 35 euros. It is in the difficult moments when the ingenuity is sharpened and the current situation of crisis that we are suffering has favoured the appearance of different initiatives that have in common to help our domestic economy. One of them is to rent the car between individuals, known as P2P Carsharing, an innovative way to earn extra money and take advantage of our vehicle when it is stopped. You can visit www.drivy.co.uk/ and learn more about peer-to-peer car rental. Originating just over a year ago in cities in the United States, United Kingdom, France, or Germany, P2P Carsharing is already widely accepted. In Spain this alternative to traditional mobility still has little relevance, but is gradually being implemented in large cities such as Madrid, Barcelona and Valencia.

An economic alternative

The P2P Carsharing relates the owner of a car who has it stopped and a driver without a car. It is an activity that benefits both because the former wants to get more out of his vehicle by earning extra income when he does not need it, and the latter finds it cheaper to rent it for a certain time without having to worry about insurance and maintenance costs. The average rental between individuals moves between 6 euros per hour and 35 all day, although it depends on the type of car and its age.

Advantages of P2P carsharing

Savings: According to data provided by Social Car, the owner of a medium-sized vehicle can earn between 40 and 60 euros a day, and the renter saves insurance, maintenance (about 35 percent) and taxes. In addition, it spends less than if it was rented through traditional companies.

Comfort and carefree: It allows a great flexibility in schedules and the contact between individuals makes that agreements are reached between people who live nearby.

Less pollution: Positive impact on the environment by reducing the number of vehicles in large cities, which leads to less emissions of polluting gases into the atmosphere.

More space: As fewer vehicles circulate, space is freed up for citizens and a greater number of free parking spaces can be found.

Disadvantages

Modify the insurance. It is likely that the car owner will have to change the policy that guarantees coverage for any type of driver.

Distrust: Owners are reluctant to lend their vehicle because of a lack of knowledge about the person who rents it and whether they do so only to move around or for a different use (which may be illegal, for example).

Doubts: About the contract or what happens in situations of breakdowns or accidents, which create insecurity in the owner.

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