Ever thought about letting others use your car while it is not in use for a little extra cash? Seems like a great idea and some companies are cashing in on it.
Car Sharing is an idea that many people are starting to do through companies such as Getaround and Relayrides. By using a car sharing company one can make some money by letting others rent their car by the hour during times it would usually sit.
The car sharing business is still small and some of the slow growth is because of insurance issues. The typical auto insurance policy does not let one use their car for business so in most states just renting out our car would put you at a lot of liability risk. Car sharing companies are working with states to try and change the laws so consumers can cash in on their idle cars.