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Is it worth renting your car on HyreCar?
Overall, we don’t have any regrets and we’d certainly consider doing HyreCar again in the future. The passive income was great because it covered the car payments, insurance and extra on top of that each month we had it rented out. That to me is worth it on its own.
What percentage does HyreCar take?
As a two-sided marketplace, HyreCar makes money by charging drivers for direct insurance and a 10\% fee on the weekly rental expense. And by taking a 15\% fee from owners weekly rental income. How did HyreCar figure its initial target market?
How long does it take HyreCar background check?
Once you confirm the booking for your first vehicle, we will run a quick background check (for new drivers only), which normally takes just a few hours. After your application is approved by the car owner, you will receive the three documents required to upload to your rideshare or delivery driver accounts.
How much is HyreCar deposit?
Step 2: Background Check, Deposit, and Required Documents Any driver renting in Arizona, Nevada and California will be charged a refundable $99 deposit. After your rental booking is confirmed, HyreCar runs a quick background check.
Can you make money on HyreCar?
According to recent reports, most people who rent out their vehicle through HyreCar earn as much as $12,000 per year – all by letting a screened and trusted driver borrow their car! HyreCar also provides industry leading rideshare insurance, so you will be covered!
How old can your car be on HyreCar?
Your car must be a 2004 model or newer. Some cities won’t allow any vehicle more than 10 years old to be used (2009 is the cut off age at the time of this blog being published). Your car must have in-state car insurance, registration and plates.
What is the mileage limit for HyreCar?
250 miles
HyreCar Features
| Service | Rent or list cars to drive for rideshare or delivery services |
|---|---|
| Insurance Deductible | $2,500 |
| Insurance Cost | $10 per day (for drivers only) |
| Mileage limits | Varies, standard limit is 250 miles |
| Excess Mileage Fee | $0.25 per mile |
What happens if you damage a HyreCar?
If you get into an accident while renting with HyreCar, the rental policy requires you to pay a $1,000 deductible if you are found at fault. HyreCar provides secondary full comprehensive coverage that is already included in the rental price.
Does HyreCar require a deposit?
If you use a debit card there is a refundable $200 deposit required. This is to protect our car owners. If you want to avoid the deposit please use a credit card. You will not be charged until the car owner accepts your booking request.
Can I use HyreCar for Lyft?
Yes, with HyreCar you don’t have to worry about getting your own personal insurance policy. When you rent a car for Lyft, or any other ridesharing service using HyreCar we take care of insurance for you. it’s as easy as choosing a car, booking it, and hopping in! Choose a car, book it, and you’re good to go!
How much does it cost to rent a car with HyreCar?
You’re only charged for the car you’re approved to drive. Once you decide on a car, you’ll fill out your payment information. Any Driver renting in Arizona, Nevada and California will be charged a refundable $99 deposit. After your rental booking is confirmed, HyreCar runs a quick background check.
How does HyreCar work for new drivers?
Once you decide on a car, you’ll fill out your payment information. Any Driver renting in Arizona, Nevada and California will be charged a refundable $99 deposit. After your rental booking is confirmed, HyreCar runs a quick background check. This is for new drivers only and it only takes a few hours.
Yup, HyreCar offers you comprehensive, industry-leading rideshare insurance when you list your car with us for rental. We’re talking insurance that meets and often surpasses state insurance requirements.
Can you really make money by renting out your car?
Earning cool cash while sitting back and letting your car do the work. You can make over $1,000 a month by renting out your personal vehicle to a rideshare driver. Sweet, huh? In fact, average car owners who list their vehicle for rent through HyreCar can earn up to $12,000 a year.