The liability coverage is nice. It leaves me wondering about other kinds of insurance coverage implications. If some guy rents my car and wraps it around a tree, who eats the cost of repair or replacement?
“Every day, thousands of people go to the airport and pay to have their cars sit there idle while thousands of other people are paying to rent cars at really high prices,” he told NBC News. “It just didn’t make sense to us that those two parties were not being connected.”
To connect them, Zaparde and his partners invite owners to create listings for their cars — make, model, type of transmission, pet-friendliness, etc. — along with a photo and their expected travel dates. In return, those owners receive free parking for the length of their trip at an off-site lot.
If their car is rented, they also receive a gas card. Owners of compact and economy cars receive a $10 card; owners of larger cars earn up to $10 per day that their car is rented.
On the other side of the transaction, renters enter their preferred rental dates and personal information. (The company will check your driving record.) The site filters the results to show only the cars that are available along with a daily rate, a description and a link if you want to contact the owner.
The savings can be significant. During a search for a four-day rental later this month, the site offered a 2007 Toyota Camry for $15 per day ($60 total, including tax). Comparatively sized cars from the major rental car companies ranged from $27 per day ($108 total) to $42 per day ($169 total).
To sweeten the deal further, the company includes complimentary car seats and GPS units, provides liability insurance for both owners and renters and forgoes shuttle vans in favor of valets who handle all transfers just outside the terminal. If you’re an owner, they’ll even wash your car while you’re gone.