RelayRides is a person-to-person carsharing organization similar to ZipCar but with a difference: the cars are owned by private individuals. Once a car is registered with RelayRides, an insurance policy is established for rental periods and a mechanic installs a device into the privately owned car that allows authorized renters to access it without a key hand-off. Car owners set the rental price and establish availability and pickup options.
The person-to-person carsharing service screens car renters’ diving records and guarantees against loss. Car owners can also score renters after car use. RelayRides claims that car owners can earn up to $8K annually by renting their cars for 20 hours or about 400 miles per week. The scheme is a positive for both car owner and renter as well as the environment.
RelayRides has launched in Baltimore, Maryland and hopes to expand its model throughout the U.S.
Relayrides Matches Car Owners & Those Who Want to Rent a Ride
Katie Cordrey — February 6, 2010 — Autos
References: relayrides & venturebeat