Life

Airbnb For Your Car? GM Launches Plans to Compete With Turo And Getaround

Extra Income Vs. Cost of Ownership

I guess I’ve been living in a bubble because this is news to me. I’m sure we are all familiar with the company Airbnb. Yeah? If not, Airbnb is an online marketplace where you can rent another person’s home for travel and other short-term lodgings. Well, turns out this has existed for your cars as well.

Companies like Turo and Getaround are the two biggest names in the game right now, but General Motors (GM) wants to get in on the action.

According to Business Insider, “Despite Turo’s easy sell to venture capitalists, it hasn’t caught on quite like Airbnb.” It was founded around the same time under the name RelayRides and now operates in 4,700 cities spread across the US, Canada, and the UK with 170,000 cars listed.

GM plans to start a pilot program this summer that will enable car owners to rent out their vehicles when they aren’t using them.

Utah Representatives seem to be all about peer to peer car sharing.

Tesla has a master plan as well for self driving cars of the future. “You will also be able to add your car to the Tesla shared fleet just by tapping a button on the Tesla phone app and have it generate income for you while you’re at work or on vacation, significantly offsetting and at times potentially exceeding the monthly loan or lease cost,” Musk wrote at the time. “This dramatically lowers the true cost of ownership to the point where almost anyone could own a Tesla.”

Look, if I had the extra income to rent out my summer home, or even just my home in the first place I would. However, I baby my car too much to let random strangers drive it. To me, it’s not worth the extra income.

 

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