cheap san francisco california auto insurance news

18.05.12

CHICAGO — Three years ago Jackie Capozzoli purchased her dream car, a silver 2006 Jeep Wrangler. But her graphic design job at Groupon and her side business making and selling jewelry keeps her so busy she rarely drives it.

Now the 23-year-old Chicago resident has a shot at making money with her unused car.

The latest twist in the car-sharing market has companies helping owners of private vehicles rent them for short periods to people in their neighborhoods. Last month San Francisco-based RelayRides entered the Chicago market as part of a national rollout, and Capozzoli signed on.

RelayRides lets car owners set their own rental pricing but suggests they charge about $5 an hour, or $40 a day, for a full-size sedan; specialty vehicles might command higher rental prices. Renters are responsible for returning vehicles in the same condition they were in when picked up, with the same amount of gas in the tank.

Under the RelayRides banner, the owner of the vehicle receives 60 percent of the rental proceeds and grosses an average of $250 a month, said Shelby Clark, who founded the company in 2010 and is a 2004 graduate of Northwestern University.

Source: The Republic