If you can make some extra money by renting your home to a stranger (Airbnb), why wouldn’t you rent your car when you are not using it? Thousands of car owners across Europe today use peer-to-peer rental sites to make their car ownership more affordable. The services, including Paris-based Drivy and Copenhagen-based GoMore, are growing in popularity. Car owners post their vehicles on a website, and users, after their driver’s licenses are verified, ask to rent them. The sites take a cut of each transaction. They work with such partners as Allianz to provide roadside assistance and insurance for damage, theft, and liability. Owners set rates, from about €15 to €100 a day, depending on the type of vehicle. Renters pay for fuel.
The next step in the sharing economy: Renting your car to a stranger
More of Today's Solutions
Thailand bans plastic waste imports to combat toxic pollution
BY THE OPTIMIST DAILY EDITORIAL TEAM Thailand officially banned the import of plastic waste, a move hailed as a victory by environmental campaigners. The ...
Read More7 overlooked money tips for a stronger financial future
BY THE OPTIMIST DAILY EDITORIAL TEAM We’ve all heard the standard financial advice: stick to a budget, save for a rainy day, and avoid ...
Read MoreNew nasal spray treatment could help prevent Alzheimer’s
According to the World Health Organization, around 55 million people worldwide suffer from dementia. Although there’s currently no cure, researchers are unabatedly looking for ...
Read MoreFeeling the gym blues? 7 strategies to kick your body comparison habit
You've prepared for that sizzling aerobic dancing class and are looking forward to crushing your workout. Unfortunately, the gym becomes an unanticipated battleground for ...
Read More
