Getaround review quick take: Getaround is a car-sharing peer-to-peer marketplace allowing you to rent your cars to others and earn money on the side.
What is Getaround?
Getaround is a peer-to-peer car-sharing platform that connects car owners (hosts) with individuals needing temporary transportation (renters). Founded in 2009, Getaround operates in numerous cities across the United States, providing a convenient and affordable alternative to traditional car rental services.
Getaround offers a range of services for both car owners and renters, including:
- Vehicle Listings: Hosts can easily list their cars on the platform, providing detailed descriptions and photos to attract potential renters.
- Insurance Coverage: Getaround provides comprehensive insurance coverage for hosts and renters, protecting them against accidents, damage, and theft during rentals.
- Secure Access: Renters can access vehicles using the Getaround app, which provides keyless entry and enables seamless pickup and drop-off.
- Customer Support: Getaround offers responsive customer support to assist users with any questions, concerns, or issues they may encounter during the rental process.
How Getaround Works
Getaround facilitates the rental process, handling insurance coverage, payment processing, and vehicle access tasks.
- Car owners sign up on the Getaround platform and list their vehicles for rent, setting their own availability, pricing, and rental rules.
- Renters browse available cars, select the one that suits their needs, and book it for the desired dates. Getaround verifies each driver’s identity so your car stays in good hands.
Side Hustle Potential
Getaround offers a flexible side hustle opportunity for car owners looking to generate extra income.
Requirements for hosts include owning a qualifying vehicle, maintaining proper insurance coverage, and adhering to Getaround’s vehicle eligibility criteria. Hosts must also ensure that their vehicles meet safety and cleanliness standards to provide a positive experience for renters.
Rent when you want and for how much you want with two options:
- Without key exchange: Allows you to rent often and earn more. Getaround Connect allows drivers to open your car from the app, so there is no need to meet drivers. They book, locate and unlock your car from the app.
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Key exchange: Allows you to rent occasionally and meet drivers to hand over the keys. You must meet drivers at each check-in and check-out to sign the rental agreement.
Average Earnings
Earnings on Getaround vary depending on factors such as the type of vehicle, location, demand, and rental rates set by hosts. On average, hosts can earn anywhere from a few hundred to over a thousand dollars per month, with some top hosts earning even more.
Getting Paid
You get paid after 5 working days after each rental.
Pros & Cons
Pros
- Flexible Income Opportunity: Getaround allows car owners to earn extra income on their own terms, allowing them to set their own rental prices and availability.
- Utilization of Idle Assets: Enables car owners to monetize their vehicles when they’re not in use, maximizing the value of their assets.
- Insurance Coverage: Provides comprehensive insurance coverage for both hosts and renters, offering peace of mind during rentals.
Cons
- Wear and Tear: Renting out vehicles on Getaround may increase wear and tear, leading to maintenance costs and potential depreciation.
- Rental Risks: There’s always a risk of accidents, damage, or theft when renting out vehicles, although Getaround provides insurance coverage to mitigate these risks.
- Market Competition: Depending on location and vehicle type, hosts may face competition from other hosts on the platform, potentially affecting rental demand and pricing.
Who is Getaround Best For
Getaround is best suited for:
- Car owners looking to generate extra income from their vehicles
- Individuals with well-maintained, desirable vehicles who are willing to share them with others
Our Getaround Review
Getaround is a legitimate and reputable peer-to-peer car-sharing platform. Established in 2009, It provides a trusted marketplace for people to rent out their vehicles to others. Our Getaround review found that the company clearly outlines the rental process, insurance coverage, payment procedures, and other important information to ensure a positive user experience. The company has a great rating on Trustpilot, with over 41,000 reviews.
Getaround Alternatives
There are Getaround alternatives, including its own subsidiary, HyreCar, which specializes in renting cars to rideshare and delivery drivers, and Turo, a similar car-sharing service.
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