Drive My Car Rentals - P2P Car Rental's

Why are these start-ups having another go at something which has been tried before and never really took off? (See, among others, DriveMyCarRentals in Australia and Spagg in Los Angeles.) Technology now makes the act of renting a car from your neigbour a really smooth experience.

It takes WhipCar only seconds to check whether a car owner or a driver is trustworthy, because they can ping databases over the internet. The firm can also calculate insurance premiums on the fly, depending on where a car is for rent and what type it is. RelayRide installs a device that allows cars to be unlocked with a chip card, doing away with the in-person handover (something that many may dread). And more such tricks will certainly make renting a car even easier in the future. I would not be surprised to see a smart-phone app that tells you whether the cars parked in front of your house are for rent.

More important, p2p car rentals are part of a larger trend. Rachel Botsman and Roo Rogers, the authors of What's Mine is Yours, call it "collaborative consumption". From their website,
From social lending (Zopa), to car sharing (Zipcar) to co-working (HubCulture), to peer-to-peer rental (Zilok), to collaborative travel (Air BnB), to neighborhood sharing schemes (WeCommune), people are already using the principles and dynamics of Collaborative Consumption— organized sharing, bartering, lending, trading, renting, gifting and swapping through online and real-world communities — to get the same fulfillment and benefits of ownership with reduced personal burden and cost and as well as lower environmental impact.

But p2p car rentals also suggests that consumers could increasingly become "micro entrepreneurs" by making money on the side. Another example for this is a new iPhone app called Field Agent, which was launched the day before WhipCar went live. It shows users a list of task people or companies want to be completed. As Gadgetwise points out, however, at current prices they are hardly worth the hassle if you are not already right around the corner. Tasks such as checking the price of a product in a store or taking a picture of a product on a shelf will put you $2 ahead.So the time seems right, finally, for p2p car rentals to take off.

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Drive My Car Rentals - Notebook Article (August 2010) pg.55

Drive My Car Rentals - HOT4's & Performance Cars (Article)

...While I was searching the 'net', I came across a site called *DriveMyCarRentals.com.au*. Curious as a cat, I went over the site thoroughly & I couldn't believe the rental prices for the cars on the site! I kept asking myself, "How is that possible?!"

As I searched deeper, it was brought to my attention that if i wanted to, I could rent out my own car on here - when I'm not using it of course - for a bit of cash on the side. Who would've thought? What this site (http://www.drivemycarrentals.com.au/) offers in a nutshell is car rental prices that have never been seen before.

Who owns the cars you ask? Just everyday, normal people like you & I. You see, you might be paying your car off, but yet you only use it over the weekend as a cruiser.

Through this website, you might find someone who only needs a car from Monday-Friday, so if you need cash, why not rent it out while you're not using it? It worked wonders for me as I needed a car for 3-4 days while mine was being repaired.

[Hot4s & Performance Cars, August 2010, pg.12]

Drive My Car Rentals - *THE GREAT IDEA*

A couple of months ago a friend of mine introduced me to a website he thought was pretty cool. It's based on the idea of peer-to-peer car renting. Essentially, people rent out their cars when they're not using them. What struck me was not the (admittedly) revolutionary idea behind the site, but the models of cars that were available to rent.

Like a Porsche Boxster for $70 a day. If you consider that spending $70 at a major hire car company would only get you a bog-standard Ford Falcon, it's easy to see why p2p car renting is being so widely embraced.

Not one to be left out, I decided to embrace it, too. Except instead of a Boxster (which I am already familiar with), I decided to test out Hyundai's new i30cw CRDi, courtesy of DriveMyCar Rentals. This is a brand new 1.6L turbo-diesel wagon priced at $40 a day, with about 10,000 clicks on the clock and still smelling new.

As he opened the gates to move out one of his many cars, the owner of the Hyundai, Paul, explained to me that he sold a business and received a number of surplus vehicles that now aren't being driven. To offset repayments, maintenance, registration, insurance, depreciation, and all the other costs associated with owning a car, Paul decided to put the vehicles up for rent. Insurance is covered through DriveMyCar, and Paul gets final word on who gets to drive his cars. And by hiring out his cars, he can recoup some of the expenses and occasionally turn a profit.

The founder and Managing Director of DriveMyCar Rentals, Daniel Noble, said the idea came to him after he witnessed a friend of his rent out her car to a neighbour for $600 a month. That covered all of her vehicle expenses. "Effectively, she had a car for free!"

I ponder this as the Hyundai hums down the freeway. It's the middle of winter, and I've planned a weekend away at a bed and breakfast on Phillip Island with my better half.

I'm keen to drive the i30cw. I was a big fan of the i30 petrol hatch when I first drove it at its release. Particularly, I want to see if adding the practicality of a diesel engine and a wagon body will detract from the fun factor, so prevalent in the original petrol hatch i30.

By the time we get there, it's freezing outside and the rain is falling hard and strong. The i30cw is far more suited to the conditions than the rear-engined ragtop Porsche. It has a maximum five-star safety rating and the blue hue from the dials look sharp and modern.

On the road the i30cw CRDi feels like a nose-heavy dart. With the weighty diesel engine at the front, the suspension feels like it struggles a little bit over road undulations, thumping and bouncing at its worst. Which isn't often. By contrast, the rear of the car feels light, and though the diesel wagon isn't as lithe and eager as its petrol hatch sister, the car does feel somewhat spritely through corners - that's before the weight of the front end pushes wide, causing understeer. The engine, however, is very impressive. It doesn't quite have the same level of refinement found in the offerings from Germany, but it is smooth enough to grant it a nod. The fuel economy on the vehicle is exceptionally good.

Overall, the Hyundai i30cw CRDi is very well built. It might not have a glass roof and all the chrome and leather found on a Peugeot 308 Touring, but it doesn't feel much different when you're behind the wheel. My, how far we've come.

But it's the fact that I could borrow this vehicle for a measly $40 that is equally amazing. We spent more on dinner when we were away for the weekend. Like the bed and breakfast industry (where it's really just people hiring out their spare rooms), there are users who are actually making a living renting out cars through DriveMyCar. Daniel Noble tells me that there was one fellow who, after losing his job, rented out both his cars and turned a $1,500 profit every month.

Of course, peer-to-peer car renting will never replace the car rental big-boys, just as eBay hasn't replaced classifieds and bed and breakfasts haven't replaced hotels. But it is a brilliant idea, and one that I will certainly be taking advantage of.

Visit http://www.drivemycarrentals.com.au/

Drive My Car's - Dream Rates for Dream Rides!

Driving off into an exotic sunset behind the wheel of a luxury car is often the stuff of dreams - which has just become much more realistic and affordable thanks to brand new website, DriveMyCarRenatals.Com.au

Drive My Car Rentals offers holidaymakers a rental service with a difference. The innovative new site enables car owners to rent their vehicle to an approved driver when they're not using their car. As a result, Drivers now have a wide variety of car rentals to choose from and allowing car lovers to take the keys of their dream motor, whether they’re at home or away.
So if you’ve ever fancied taking to the Great Ocean Road in a classic convertible or seeing the East Coast in style in a sleek sports car Drive My Car should be your first port of call.

Turn your dream into a reality and rent a:

2008 Audi A5 coupe – $100 per day
2007 Porsche Boxster – $70 per day
2008 Hummer H3 - $50 per day
2002 Mercedes E55 - $50 per day

But, that’s not all. At DriveMyCar your car can pay for your holiday! DriveMyCar Rentals provides an easy way to off-set your car costs while you are on holiday. Giving you MORE money to spend while you are away. Owners can choose the length of time their car is available to other drivers for – whether it's a weekend, a few days during the week, a month or a year. For an annual payment of $25 the car is listed on the website with a photograph, full description and details of driver requirements. Car owners can earn as much as $2,000 per week from their vehicle.
Find out more at www.drivemycarrentals.com.au

Drive My Car Rentals - Money Magazine (Jun 2010)

Eighties Pop Group Madness once famously sang "I like driving my car". Many of us do too. About 12 million of us have one (according to the Australian Bureau Of Statistics.)

According to the NRMA car cost calculator, the average car forks out roughly $260 p/w, (on a generic Holden Commodore sedan) which is hardly loose change.

After your mortgage, car ownership is the second highest financial leakage in a household," states Daniel Noble (Managing Director) Drive My Car Rentals. "We all know car is a depreciating asset, yet we're quite happy to invest thousands of dollars into something that will eventually lose us money. Why not try to claw back some of the costs?"

Why not, indeed. Let's look at ways you can make money from your car (including renting it out), using a "smart car" and "ad-wrapping" your wheels.

A single person working fulltime uses their car only about 8 hours a week, states Daniel Noble. "If you live within commuting distance it seems an expensive luxury to spend over $200 p/w on your car & just to leave it in the garage."

Drive My Car Rentals allows you to privately lease out your own car - whether it's for a weekend, a week, a month & a year - for an average of roughly $200 a week with the potential (depending on your car make) to generate $24,000 per annum of additional revenue.

This could suit everyone from commuters, those who travel frequently, people with suspended licences & business minded entrepreneurial types.

For a $25 per annum fee, you can list your car with www.DriveMyCarRentals.com.au, with a photo, description, location & details of the driver requirements. You choose the vehicles availabilty period & accept/decline offers submitted by approved drivers (with full driver history as per RTA). The rental price on the vehicle is generated by an intricate rate calculator.

When a potential renter registers to the website, they are required to upload a full driver history provided by the RTA which defines the drivers rating (Bronze,Silver or Gold) based on their history & previous usage of the website.

All renters must sign a rental agreement & are fully covered by comprehensive insurance with Yellow Brick Road. The insurance cost is included in the advertised rental price, which is paid by the driver when the vehicle is on hire.

As a part of the rental agreement, the driver agrees to pay the excess in the event of an accident insurance claim (see: www.DriveMyCarRentals.com.au for more details). Drivers then contact the car owner directly (via SMS or e-mail notification). You (the car owner) can then check their details, contact them or meet them in person, but ultimately the car owner has entire control over the transaction.

The price your vehicle attracts is all dependant on the drive. For example, a $50,000 car (e.g. Audi A4) would gather around $40 a day & generate a profit of $800 dollars a month. The site caters to all car types from economy to luxury, sports to 4WD, family to utility.

'If you're looking to rent a car (of any make) yourself, Drive My Car Rentals is upto 65% cheaper than the standard car rental companies'. (D. Noble, Managing Director) 'Renting a Mercedes C200 Kompressor with Hertz will cost $127 per day, whereas Drive My Car Rentals will charge a mere $60, saving $67 per day,' states D. Noble.

Ultimately, Drive My Car Rentals is a great opportunity for all consumers (car owners & car drivers) to either generate a substantial potential income or save big dollars on car rentals.

Off-Set The Cost Of Your Car By Renting It Out Privately!

There are approx. 12 million private passenger vehicles in Australia (ABS 2010). And, according to the NRMA car costs calculator, the average car owner pays out about $260 a week on a standard family sedan (see: Holden Commodore sedan).

“After your mortgage, car ownership is the second highest financial leakage in a household,” says Daniel Noble from DriveMyCar Rentals. “A car will lose up to 40% of its value within 3 years and yet we’re quite happy to invest thousands of dollars into owning & maintaining a car. Why not try to claw back some of that cost?”

“We conducted a 12-month survey in 2009 and discovered that a single person working fulltime uses their car for an average of eight hours per week”, says Noble. “If you live within commuting distance it seems an expensive luxury to spend almost $300 a week on your car and then leave it in the garage.”

DriveMyCar Rentals allows a Car Owner to off-set the cost of car ownership by renting it out privately – whether it’s for a weekend, a month of a year. At DriveMyCar the average Car Owner would make approx. $200 p/week by renting their car. However, depending on the vehicle make, model & year – a Car Owner could earn as much as $24,000 per annum.

DriveMyCar Rentals attracts all types of Car Owners from unsuccessful car sellers, city commuters, frequent travellers, Car Owners who have lost their license or just smart money-minded entrepreneurial.

For instance, Glen a Balmain resident bought a scooter to commute to the city each day and found that his two cars (a Dodge Nitro and a Hyundai Santa Fe) were idle at home. So he leased out both for $370 each a week, one renter locking in a six month agreement worth $10,000!

For $25 a year you can join the DriveMyCar Rental Fleet, with a photo, description, location and details of driver requirements. You choose your availability period and the price is set using a rate calculator. The site requires all potential renters to upload their full RTA driver history and drivers are rated bronze, silver or gold based on their history and previous use of the site.

All renters must sign a rental agreement and are fully backed by comprehensive insurance with Yellow Brick Road. The insurance is inclusive in the advertised rental price, which is paid by the driver when the vehicle is on hire. As part of the rental agreement the driver agrees to pay the excess in the event of an accident insurance claim (see www.drivemycarrentals.com.au for details). Drivers then contact you directly by email or SMS. You can check their details call them up or meet in person, but ultimately you have final approval.

What you’ll make depends on what you drive. For example, a $50,000 car (like an Audi A4) will be rented out for about $40 a day with a profit for you of about $800 a month. The site caters to all cars – cheap to expensive.

“If you’re looking to rent one yourself, DriveMyCar Rentals offers renters over 37 car makes and rental savings of up to 65% on tradition rental costs”, says Noble, “for example, renting a Mercedes C200K with Hertz will cost you $127 a day but with DriveMyCar you’re looking at $60 – that’s a daily saving of $67,” says Noble.