HyreCar, found online at HyreCar.com, is a peer-to-peer marketplace which connects private car owners who want to earn money renting their car with people who want to earn money driving for popular rideshare companies.
How Does It Work?
According to their website, most people are aware these days that a good way to earn money on your own schedule is to drive for a popular ridesharing company, like Uber or Lyft. Unfortunately, not everyone owns a car that allows them to take advantage of this opportunity, which is when HyreCar comes in.
In addition, there are people who own their own car but simply don’t use it that often and may want to take advantage of renting this car out to other users as a way to earn passive income. HyreCar introduces these car owners to the aspiring ridesharing drivers so that both types of people can begin earning money.
As a driver, you will search for cars that are available in your area and click “Book Now” when you find one that meets your needs. Owners have 24 hours to confirm or deny this rental request, unless an owner has registered their car as an “Instant Book” option.
Drivers will arrange pickup times with the car owner and then download the available insurance, registration, and vehicle inspection and upload them to your ridesharing portal. When your rental period is over, fill the gas tank and return the car to the owner.
HyreCar does require their car owners to allow at least 150 miles per day, however, many owners offer unlimited mileage. In addition, all cars rented through HyreCar are protected by industry leading ride-sharing insurance and available roadside assistance.
Their website says that car prices are decided by the car’s owner and will typically range between $25 and $40 per day, based on your location, and that most car owners offer weekly and monthly discounts that will range around $200 per week.
When a prospective driver takes advantage of their rental option for the first time ever, they will be required to pay a $200 deposit. This deposit protects both HyreCar and the car’s owner. Once you return the car on time and in good condition, this money will be completely refunded to you.
Since this company offers all the members involved in their service with a way to earn money, they don’t seem to appear to offer a standard Refund Policy to their users. They do say that if the car owner cancels the arranged rental for any reason that all money will be completely refunded.
Customer Service Contact Info
Customers who would like to contact Customer Service with any questions, concerns, or complaints can do so by clicking on their Customer Support link at the bottom of their webpage and then clicking the Contact Us link on the next page.
This company does get very good reviews with one caveat: that HyreCar is a good option, “if it is your only option.” The truth is that most ridesharing drivers will spend around $1,000 to $1,500 to rent a car from this service for a full month and actually leasing or buying your own car with a standard financing plan generally costs much less per month.
However, if you are someone who is contemplating purchasing a car with the goal of becoming a ridesharing driver but simply aren’t sure if this is the right move for you, using HyreCar for a few months in order to make an informed decision is probably a good decision.
Competitors and Alternatives?
Finding alternatives to this company depends on exactly what it is you are looking for. If you are a car owner that is simply trying to find a way to earn extra money by renting your car out, there are other services like Turo.com which may work for you. At this time, it appears that there are far fewer options for companies that will let you rent privately owned cars specifically for the purposes of driving for a ridesharing company.
If you have any experience with this company or their products, please leave your HyreCar reviews below.
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