Private car rental business is growing in Spain!

The collaborative economy has one of its best examples on rental websites. But this phenomenon, marked by the times of crisis, has also reached with force to the rent of particular vehicles. Several platforms offer the owner the possibility of making a profit from a car that was standing in the garage.

Private car rental

The most sensitive point of the whole process is, logically, the insurance against accidents or breakdowns. It is the insurance company in the project- that covers these risks with an excess insurance, which covers the driver in case of accident or damage to the vehicle -from 300 euros-.

The operation is similar to that of other platforms that exist in the national market of the so-called ‘P2P rental’ -Peer to Peer, among individuals- such as Getaround , and which have an increasing share in the vehicle rental market.

There are “22 million underutilized vehicles”, as they remain parked most of the time. It is an alternative for those who are reluctant to acquire a car in ownership and for those who have an unused car in their garage.

Peer to peer car rental

This is an initiative that has been present for more than five years in other European countries such as France and Germany, and for a quite good time now, in Spain. This company of French origin has experienced a significant increase in activity this summer -its first in the Peninsula-.

The operation is relatively simple: an owner of an “underused” vehicle creates his account, uploads his car data -and a photograph- and sets a price per day and mileage. This amount is usually well below the price of a traditional rental car: it is possible to find cars from about fifteen euros a day.

The driver interested in renting the vehicle can check what is available in his area and send a message to the owner. He should explain what the car will be used for – occasional trip, moving… – and the expected mileage to be driven. The owner analyses the request and accepts or refuses it. If accepted, the user must pay the agreed price and make an appointment with the owner to collect the vehicle.

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