New App Lets You Rent Out Your Car (LiveScience.com)

Thursday, May 26, 2011 3:01 PM

A new iPhone app allows automobile owners to deal their cars with others and potentially create thousands of dollars apiece assemblage in property income.

The new peer-to-peer car-sharing assist Getaround aims to attain ingest of the 250 million individualized vehicles in the U.S. that set indolent an cipher of 22 hours apiece day. The consort and its app enables automobile owners to "un-idle" their cars and offset the cost of container curb by distribution it with others.

For the assist to work, users install a Getaround Carkit in their container that combines GPS, Wi-Fi and keyless remote technology. The app then allows users to carry entire transactions, including reserving, stipendiary for and unlocking cars, using null but their iPhone.

On average, owners crapper earn most $2,000 apiece assemblage for every distance a day their automobile is rented. Members crapper also lease someone's automobile for as lowercase as $3 an distance and crapper keep it by the hour, day or week.

"Getaround frees grouping from the charge of automobile curb by turning an idle, costly, and underutilized quality into something that crapper create revenue, and the Getaround Carkit and smartphone profession attain car-sharing safe and accessible to everyone," Getaround originator and CEO Sam Zaid said in a statement.

To help with safety, Getaround allows automobile owners maintain rank curb over their cars by setting the pricing and availability. Owners also hit the choice to okay apiece property letter individually. They crapper also guardian and road the container to attain trusty the container is being utilised properly.

In addition, cars are covered by premium shelter provided by Getaround and county Hathaway, so if something goes wrong, the shelter will cover it.

This story was provided by TechNewsDaily, a sister site to LiveScience. Reach TechNewsDaily grownup illustrator Samantha Murphy at smurphy@techmedianetwork.com. Follow her on Twitter @SamMurphy_TMN

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