In large cities and communities, many people don't own a car. Or, they only need a car to commute to work. Offer them a deal they can't resist - something that saves them money. You can charge $50 to join and a $150 deposit refundable upon cancellation. You can also charge a daily rate of $80 for 37 miles and 15 cents per mile on top of that. Rent out your car to make some huge profits!

If you are living in an area that requires commuting, this could be an excellent way to make extra money. When driving to a large city for your job it can cost you a lot of money to commute and park every day. Instead, you can park your car in a regular spot every day that is easy to find. Rent your car out while you are busy at work. Since many times people that live in cities don't own a car, this would be a great reason to offer your car while you are not using it. Another person could then commute to his or her job with your car, inside or outside of the city. Then if someone else wants to rent your car out from there, that person could also use your car while the first renter is working. (Make sure that the first person is aware of this though, and let them know that they won't have to pay as much money if they are not renting the car and using it while at work.)

This will take a great deal of organizing on your part, but the time involved is well worth the money you can make. It could even save you money, because you won't have to pay for long term parking while you are in the city working. The only down side is that you won't have access to your car during your work hours.

You will just need to make sure that the car is always where it needs to be for each person using it, at the agreed upon time. Since you are dealing with city traffic, make sure that you allow for travel time in heavy traffic. People renting your car won't want to wait around for the car because someone else hasn't returned it at the proper time. This might be an issue you will want to deal with; to insure that people renting your car are time conscious. Maybe you could require them to pay the person waiting for the car a waiting fee, sort of like a fine. You might require them to pay the waiting person $1 for each minute they had to wait past the time the next person was supposed to pick up the car. This will involve good scheduling on your part. You might want to schedule the car to be parked at its pickup point 30 minutes before the next renter picks it up. This should give each driver a little extra time, just in case there is a traffic problem in the area.

Since your car is registered in your name, you will want to let your renters know that they will be responsible for incurring any parking or traffic tickets while it is in their possession. This is one of the reasons that you want to receive a deposit from each of your renters before they use your car, just in case you have a problem with them paying for their own tickets.

You can charge $50 to join and a $150 deposit refundable upon cancellation. You can also charge a daily rate of about $80 for 37 miles and 15 cents per mile on top of that. What ever you decide to charge make sure that you check around in your area, find out what the typical price is for renting a car, and try to compete with those prices. If you have a regular renter that is commuting in your car 5 days a week, you may want to give them a much better deal for their continued renting. This will mean far much less work on your part for scheduling and will assure you a constant income that you can depend on. Remember when you decide what to charge them that you won't have to pay to park your car all day if they have your car, this could save you a lot of money.

If you choose this business idea, make sure that you have excellent insurance that will cover other licensed drivers using your car. Make sure that they also have insurance; this may be a problem though, in some parts of the U. S., you have to own a car to get insurance.

You should be able to advertise your offer in a local newspaper in the area that you will be parking your car in. You might also check with the city you are parking in and see if the city has a program that can help you find commuters that would be interested in using your car. Many big cities have terrible parking problems and should welcome this idea to relieve the congestion in their cities. You might even find out that they will be willing to supplement your decision to let others use your car while in the city, check with the city officials. Check with the company that you work for also, they may be aware of special funding from local cities and counties, which encourage your services.

Resources:

http://en.wikipedia.org/wiki/Carsharing

http://www.ecoplan.org/carshare/cs_index.htm

http://www.carsharing.net/

http://www.citycarshare.org/

http://www.zipcar.com/how/