'HyreCar' Helps People Without a Car Rent One to Drive for Uber and Lyft

By: Laura McQuarrie - Apr 8, 2016
References: hyrecar & chicagoinno.streetwise.co
The sharing economy has taken off with ridesharing services like Uber and Lyft, but 'HyreCar' is a service that takes peer-to-peer sharing to the next level.

This San Francisco start-up service is the self-described "Airbnb of cars," as it makes it possible for people who don't own a vehicle to temporarily rent one in order to become a ridesharing driver.

Renting a car for ridesharing can cost anywhere between $35 to $65 per day or about $200 for the week. While this is an investment that must be made upfront, those who rent a car through HyreCar have the chance to earn back more than $36,000 per year by being a driver with services like Uber and Lyft. In order to make the service as secure as possible, insurance is included with all rentals.