Want to earn a bit of side income by renting your car?
Thinking about renting it on HyreCar?
Don’t know how to get started?
Then you’ve come to the right place.
Here, we’re going to take you through the steps on how to rent your car on HyreCar.
And if you’re still unsure, we’ll tell you a bit more about HyreCar, so you will know if it’s the right thing for you.
Let’s dive right in!
How to Rent Your Car on HyreCar in 6 Steps
If you often find your car left in your garage, you might as well use it to earn additional income. HyreCar can be the perfect platform for you.
The best part is that it’s super easy to get started. Here are the 6 steps:
- Check if your vehicle is qualified
- Put in your details
- Choose a protection plan
- Decide on a rate
- Submit your listing
- Start earning
Let’s walk through the steps in detail.
Step 1: Check if Your Vehicle is Qualified
Before you list your car on HyreCar, you need to make sure it meets the standards.
Now, HyreCar’s requirements may vary between states, but there are general guidelines that help you to determine whether or not you can list your car.
These include the following:
- Your vehicle must have at least 4 doors and can seat 4 passengers.
- Your vehicle’s year model must be 2005 or newer.
- You must have proof of insurance, registration, and plates.
Some states require your car to undergo inspection, while others don’t. It’s best to contact HyreCar directly to find out the specific prerequisites of your area.
Step 2: Put in Your Details
If your vehicle is good to go, it’s time to create a HyreCar account, which you can do through its website. Don’t worry — it only takes a couple of minutes and won’t cost a thing.
On the website, click “List your car” at the top right corner. From there, you can create an account.
After setting up your profile, it’s time to list your vehicle. Click the start button on the Create a Listing page. It’ll require you to specify where drivers can pick up your car.
Here are other things you will have to provide:
- Your car’s Vehicle Identification Number (VIN)
- Your car’s year, make, and model
- Soft copies of your registration and insurance documents
- Proof of inspection (if your state requires it)
- Photos of your car’s interior and exterior
Once that’s done, you’ll need to add a description. It’s best to take advantage of this because it can make your vehicle more attractive to drivers.
Step 3: Choose a Protection Plan
Although you have your own insurance policy, HyreCar offers a second layer of protection against possible damages.
You can choose between 4 protection plans. All include third-party liability coverage up to $1 million and physical damage coverage up to $25,000.
However, the following vary, so it’s best to weigh your options to see which fits your needs and preferences best:
- Your share of the rental earnings
- Reimbursements for gas and cleaning
- Mileage overages
- Lost keys and impound fees
Step 4: Decide on a Rate
Determining your daily rate is essential. Price your rental too low, and your time with HyreCar won’t be profitable. However, pricing it too high might turn off drivers.
HyreCar suggests a figure based on the data it’s gathered over time. Remember, though, that you don’t have to follow it — feel free to adjust the rate as you see fit.
Step 5: Submit Your Listing
HyreCar doesn’t just vet drivers. Car owners undergo the same process. Don’t worry — it usually only takes 24 hours for them to review your listing.
Once you’re approved, your car appears on HyreCar’s platform, making it an option for prospective drivers.
Step 6: Start Earning
You’ll begin receiving applications from drivers to rent your car. Remember that they have the option to book multiple vehicles simultaneously, so don’t take too much time deciding whether or not to approve it.
Also, applications expire after 24 hours.
If you decide to approve an application, everything should be in order before handing over your keys. That means ensuring your documents are in order, verifying the driver’s identity, and taking note of your car’s condition, fuel level, and mileage.
HyreCar charges drivers once you approve their application. It also starts processing your payment once the driver picks up your car.
With this, you can receive your earnings even before the trip is over.
Sometimes, drivers may want to extend their rental, which means you can earn more. However, if they don’t, you’ll coordinate a time and place where they’ll drop your car off.
What Sets HyreCar Apart?
The main thing that sets HyreCar apart from other car-sharing organizations is that the primary market isn’t travelers.
Instead, it typically caters to those who need a car to drive for Uber, Lyft, or other delivery companies.
Now, renting out your car in HyreCar comes with multiple benefits. These include the following:
- Long-term rentals are more likely. Drivers are more likely to lease your car for long periods because it’s for work rather than leisure. In turn, this typically translates to a higher monthly income.
- There’s a lower risk involved. It’s easier to trust someone that rents your car for work than for leisure. These drivers will probably want to make sure to keep your vehicle in top condition throughout their delivery services. Plus, HyreCar conducts a strict background check before approving driver applications.
- You earn passive income with minimal effort. Although you’ll need to ensure your car is maintained and manage the logistics behind the reservations, it’s still less work than doing the actual driving yourself. At the same time, it allows you to keep your nine-to-five if you want.
Tips to Increase Your Income with HyreCar
If you rent your car on HyreCar, you definitely want it to be profitable for you. Otherwise, it won’t be worth the effort.
Here are some techniques you can apply to increase your chances of earning more with HyreCar:
- Spend time on your car’s description. It might seem insignificant, but an attractive profile can boost your rentals. You don’t have to make it lengthy, just ensure that you capture features that make your vehicle stand out.
- Get to know your market. Take the time to see the rental prices of cars similar to yours. Your rate doesn’t have to be identical, but putting it within an acceptable range can help you get applications.
- Build strong connections. They always say you can build businesses on relationships, and renting your car on HyreCar is no different. Good rapport with drivers can result in repeat or even longer rentals.
And that was how to rent your car on HyreCar.
It’s very easy, right?
So if you want to get started right away, then go ahead and follow Step 1 in this guide.