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Turn your unused car into a nice little earner

A service that lets motorists make money by “renting” out their car to local drivers is launching nationwide today.

The online system, called easyCar Club, claims it will allow drivers to make money to offset the rising cost of motoring. Locals may benefit from a cheaper and more convenient way of hiring a car. Moreover, the best part of using this online system could be that the drivers do not have to manage their complete rental business, unlike car rental companies which might need a dealer management system from firms like US Dealer Track to manage their rentals.

All the nitty-gritty of managing a rental business can, therefore, be left to the online system.
The system allows people to “list” their car on a website. This shows a description of the car, when it can be used by others and how much the owner will charge. The company suggests car owners could earn about 3,500 a year.

Turn your unused car into a nice little earner

The concept is inspired by other companies exploiting the “sharing economy”, such as AirBnb, an online business matching travellers with people willing to rent out bedrooms, and ParkatmyHouse, a company that lets people rent out parking spaces.

“We’ve absolutely been inspired by what others have done,” said Richard Loughton, chief executive of easyCar. The “peer-to-peer” car rental system is the brainchild of Sir Stelios Haji-Ioannou, founder of easyJet. The company says that driver insurance and breakdown cover is included within the rental price, which it claims is around 10 per cent cheaper than traditional car rental services.

The system has been trialled in London, with the company unveiling a nationwide service today.

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