Anyone had experience with renting out their cars?

bates91 · 08-20-2013, 04:28 AM

Hey all

Just wondering if anyone has been involved with this before or know much about it. Main one i've come across is drivemycarrentals.com.au

Basically i'll be moving soon, within walking distance of university and work so i'll only really be using the car a couple of times a week at most, but could easily do without it for quite some time...

Obviously the smart financial decision would be to sell it and invest money and stuff, but I'm still in two minds about that.
So if i could make some money off it by renting it out then it could be more viable for me to keep it.

Yes i know it's a personal sentimental thing and we all have attachments to our cars and dislike the idea of some complete stranger driving it...however at the same time it is just a lot of pieces of metal..

Thoughts?

05C4R · 08-20-2013, 04:37 AM

is your car insured for this? if so i got a couple dates lined up where i could use a fast rental

drjekl · 08-20-2013, 05:19 AM

Hmmm, to me that's like saying I'm going away a fair bit for work lately and the wife is just sitting around at home does anyone want to hire her out?

Knightelf · 08-20-2013, 08:01 AM

:

My opinion is that it's more trouble than it's worth... Renting out your BMW 135 is a terrible idea lol...

david.orr · 08-20-2013, 08:43 AM

Bates you obviously haven't driven many hire cars from Hertz Thrifty etc otherwise I can't see you considering this tack. Suggest you hire a merc mini or bmw from Hertz for a day, one of these is typically a few thousand Ks old and give it a good go. You would soon feel how the many previous drivers have thrashed and abused these poor hire cars. Drop the idea, bank the $ for another bimmer in due course.

skidz · 08-20-2013, 06:59 PM

Quote:

Originally Posted by drjekl

Hmmm, to me that's like saying I'm going away a fair bit for work lately and the wife is just sitting around at home does anyone want to hire her out?

I know some chaps who might be interested, what sorta money we talkn here?

BMJ · 08-20-2013, 07:03 PM

Quote:

Originally Posted by jaffa12

Bates you obviously haven't driven many hire cars from Hertz Thrifty etc otherwise I can't see you considering this tack. Suggest you hire a merc mini or bmw from Hertz for a day, one of these is typically a few thousand Ks old and give it a good go. You would soon feel how the many previous drivers have thrashed and abused these poor hire cars. Drop the idea, bank the $ for another bimmer in due course.

2nd this...

the 320D loaner i got from BMW was driven like it was stolen... did i wait for it to warm up? no i just hammered it... this is exactly how people would treat your car... Renting your car bad idea IMO.

sliderpass · 08-20-2013, 08:48 PM

Install & hide procede, 4.5k limiter.

If they come back saying somethings wrong with the car, take the keys away

Knightelf · 08-21-2013, 12:03 AM

Don't forget all the little scratches and dents and curb rashes you're gonna get

Insurance is going to be a pain in the butt to get those fixed, you can't go and repaint a whole panel every time.

Kiwi Peter · 08-21-2013, 09:23 PM

Quote:

Originally Posted by bates91

Hey all

Just wondering if anyone has been involved with this before or know much about it. Main one i've come across is drivemycarrentals.com.au

Basically i'll be moving soon, within walking distance of university and work so i'll only really be using the car a couple of times a week at most, but could easily do without it for quite some time...

Obviously the smart financial decision would be to sell it and invest money and stuff, but I'm still in two minds about that.
So if i could make some money off it by renting it out then it could be more viable for me to keep it.

Yes i know it's a personal sentimental thing and we all have attachments to our cars and dislike the idea of some complete stranger driving it...however at the same time it is just a lot of pieces of metal..

Thoughts?

Your keen, I have lent cars to mates over the years and they have come back knackered.
there is no way I would rent or lease any of my toys.

TWD · 08-22-2013, 12:53 AM

Just an idea for you - if you decide to rent it out, get a hard wired GPS tracking device installed on the car.

It basically gives you an accurate reading of where the car is at all times.
Also logs speed and acceleration and all places travelled so you can see all this information from your phone or computer.

You can also set speed limits and alarms go off if they are exceeded, etc.

08-20-2013, 04:28 AM	#1
bates91 New Member 6 Rep 27 Posts Drives: 09 135i Join Date: May 2012 Location: Sydney iTrader: (0)	Anyone had experience with renting out their cars? Hey all Just wondering if anyone has been involved with this before or know much about it. Main one i've come across is drivemycarrentals.com.au Basically i'll be moving soon, within walking distance of university and work so i'll only really be using the car a couple of times a week at most, but could easily do without it for quite some time... Obviously the smart financial decision would be to sell it and invest money and stuff, but I'm still in two minds about that. So if i could make some money off it by renting it out then it could be more viable for me to keep it. Yes i know it's a personal sentimental thing and we all have attachments to our cars and dislike the idea of some complete stranger driving it...however at the same time it is just a lot of pieces of metal.. Thoughts?
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08-20-2013, 04:37 AM	#2
05C4R Major 62 Rep 1,147 Posts Drives: M3 Join Date: Jul 2008 Location: sydney iTrader: (0)	is your car insured for this? if so i got a couple dates lined up where i could use a fast rental
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08-20-2013, 05:19 AM	#3
drjekl Captain 35 Rep 809 Posts Drives: E92 335i Join Date: Jan 2013 Location: Oz iTrader: (0)	Hmmm, to me that's like saying I'm going away a fair bit for work lately and the wife is just sitting around at home does anyone want to hire her out?
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08-20-2013, 08:01 AM	#4
Knightelf Captain 87 Rep 886 Posts Drives: M235i Join Date: Oct 2009 Location: Brisbane iTrader: (0) Garage List 2011 BMW 135i [0.00]	: My opinion is that it's more trouble than it's worth... Renting out your BMW 135 is a terrible idea lol... __________________ Current: 2014 F22 M235i Mineral Grey Previous: 2011 E82 DCT 135i Space Grey Build thread: http://www.2addicts.com/forums/showthread.php?t=1149793
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08-20-2013, 08:43 AM	#5
david.orr Lieutenant Colonel 123 Rep 1,852 Posts Drives: Cars Join Date: Aug 2011 Location: Australia iTrader: (0)	Bates you obviously haven't driven many hire cars from Hertz Thrifty etc otherwise I can't see you considering this tack. Suggest you hire a merc mini or bmw from Hertz for a day, one of these is typically a few thousand Ks old and give it a good go. You would soon feel how the many previous drivers have thrashed and abused these poor hire cars. Drop the idea, bank the $ for another bimmer in due course.
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08-20-2013, 08:48 PM	#8
sliderpass Private 4 Rep 82 Posts Drives: Join Date: Sep 2008 iTrader: (1)	Install & hide procede, 4.5k limiter. If they come back saying somethings wrong with the car, take the keys away
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08-21-2013, 12:03 AM	#9
Knightelf Captain 87 Rep 886 Posts Drives: M235i Join Date: Oct 2009 Location: Brisbane iTrader: (0) Garage List 2011 BMW 135i [0.00]	Don't forget all the little scratches and dents and curb rashes you're gonna get Insurance is going to be a pain in the butt to get those fixed, you can't go and repaint a whole panel every time.
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08-22-2013, 12:53 AM	#11
TWD 45 Rep 1,051 Posts Drives: All sorts of Cars Join Date: Jan 2012 Location: Sydney iTrader: (0)	Just an idea for you - if you decide to rent it out, get a hard wired GPS tracking device installed on the car. It basically gives you an accurate reading of where the car is at all times. Also logs speed and acceleration and all places travelled so you can see all this information from your phone or computer. You can also set speed limits and alarms go off if they are exceeded, etc.
	Appreciate 0 Quote