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Ridesharing Car Rentals

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

— April 8, 2016 — Autos
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.



Trend Themes
1. Ridesharing - Ridesharing platforms can provide opportunities for disruptive innovation by offering services like temporary car rentals for aspiring ridesharing drivers.
2. Peer-to-peer Sharing - The peer-to-peer sharing economy model can be extended to car rentals, creating disruptive innovation by allowing individuals without cars to temporarily rent one for specific purposes like ridesharing.
3. Car Rental Services - Car rental services catering specifically to ridesharing drivers can disrupt the traditional car rental industry by offering competitive pricing and convenient options for temporary vehicle usage.
Industry Implications
1. Ridesharing - The ridesharing industry can benefit from the disruptive innovation of car rental services that allow non-car owners to participate as drivers, thereby increasing the pool of potential drivers.
2. Insurance - The insurance industry can explore disruptive innovation opportunities by creating specialized insurance packages tailored for the unique needs of ridesharing car rental services, ensuring appropriate coverage for both drivers and vehicles.
3. Transportation - The transportation industry can leverage disruptive innovation in ridesharing car rental services to provide more flexible and accessible options for individuals who rely on temporary car usage for specific purposes such as ridesharing.
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