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DriveMyCar lets you rent your pride and joy for profit

Drive My Car Rentals has launched in Australia giving car owners the option to reduce the costs of their vehicle, offset depreciation or just make some spare cash by renting out their ride when its not being used.

Drive My CarDriveMyCarRentals.com.au is an online community that connects car owners with drivers looking for an alternative to traditional car rental companies. Car owners can choose the length of time their car is available for – whether it’s a weekend, a month or a year, and the price is set automatically for them with a rate calculator. They have the right to accept or reject lease requests and all drivers wanting to lease a car must provide a full RTA driver history.

DriveMyCar Rentals is backed by a comprehensive insurance alliance with Yellow Brick Road General Insurance Brokers, offering peace of mind to renters worried about handing over the keys to their pride and joy.

DriveMyCar Rentals offers consumers more makes and models than any car rental company in the world from sports cars to classic cars to Harleys, even caravans, with savings of up to 60% on traditional rental costs.

A sample of some of the vehicles available on DriveMyCar Rentals includes:
2007 Porsche Boxster – $70 per day
2008 Hummer H3 – $50 per day
2002 Mercedes E55 – $50 per day

“On an average day in Sydney, 185,000 vehicles are left at home by commuters costing them an average of $10,000 per year,” says Daniel Noble, Managing Director of DriveMyCar Rentals.

“If you commute to work, travel frequently or are away from home for extended periods, your car is costing more than just maintenance and upkeep.” he said.

“Depreciation rates can be significant, particularly in new cars where you can lose a third of the vehicle!s value before you!ve driven off the lot. With DriveMyCar Rentals, owners can earn as much as $24,000 a year on their vehicle. We also see the service as a great alternative to selling your car if you!re undecided or not getting the price you think it deserves.”

For an annual payment of only $25, the car is listed on the website with a photograph, full description and details of driver requirements.

There is also a premium service available for members who prefer to have the entire rental process managed for them.

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David Olsen

David Olsen

An undercover economist and a not so undercover geek. Politics, business and psychology nerd and anti-bandwagon jumper. Can be found on Twitter: <a href="http://www.twitter.com/DDsD">David Olsen - DDsD</a>

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