I bought the car for the sole purpose of the partnership. the car just won’t start! you know what? with their ‘insurance,’ i had to tow my own car back! they then blamed it on my car, and sent me an invoice for the 2 roadside assistance claims. a device reset fixed that and their technician could not explain why! my van was rented out twice, and both times ended up with a tow.
2 months later now, i am out $590, without a penny coming in! not only do they not pay me back the device cost, they want me to pay them $580!Īfter the device was installed, and i drove my car home. they told me there are on a promotion – as long as i get my car listed on their platform, they will reimburse me the device cost. i paid $150 to buy the device, and $160 to have it installed. check out our post “8 Ways to Make Money Renting Your Stuff.” If you want to know all the things you can rent - watercraft, parking spaces, camera equipment, etc. Other sites that will help you rent your vehicle: Turo and Giggster. Here’s a direct link to the Fetch Truck site. However, if you use the platform, we’d suggest you look into buying your own commercial liability insurance rider. As a result, we’ve given this opportunity a neutral Husl$core. These are significant risks, but if Steinberg’s estimates are accurate, the rental income is also substantial. Steinberg says they get roughly one damage claim per 1,000 rentals. But that potentially leaves the owner shouldering the first $1,000. If they’re unable to pay, the site’s coverage kicks in. Steinberg says renters are responsible for paying for any damages, presumably from their own insurance. The policy has a $1,000 deductible and a $25,000 cap on property damage. You also need photographs of the vehicle’s condition before and after the rental, to establish your claim. So, while you may not need to be there to drop off keys, you should inspect your car promptly after each rental. For the coverage to apply, you must file a claim within 24 hours of the rental’s completion. We’re also concerned about the site’s insurance coverage. (See our review of GetAround.) Since Fetch is a fairly young platform, it’s hard to say whether they’ll prove problematic here too. Fetch says the devices are trouble-free, but similar devices generate a ton of complaints at other platforms. If it messes up your engine, you’re on the hook for repairs. The cost of the device and paying to get it installed will set you back $110 before you’ve ever booked a rental.
The first is the need to buy and install the keyless device. The site remits payments to owners twice a month. But you do get the $49 deposit back.įetch founder and CEO Adam Steinberg says vehicles that are available full-time generate about $1,250 in rentals a month. If it’s not returned within 30 days, there’s a $200 fee. If you take the vehicle off the platform, you’ll need to pay to have the device taken out of your car, so you can return it to Fetch. Steinberg says installation costs about $60. However, the site charges a $49 deposit for the device and owners have to pay to have it installed.
This allows vehicle-owners to avoid meeting every renter with keys. That’s because standard auto insurance policies do not cover losses when someone is renting your car.)įetch provides a bluetooth-connected device that locks and unlocks your car doors and turns on the engine. (You need commercial coverage if you rent out your vehicle, in addition to your ordinary personal liability coverage. There’s an additional 10% charge for those who don’t already have commercial liability coverage and want to buy it through the site. But, the actual rental rate is up to the owner.įetch arranges and collects rental fees, passing on the proceeds after deducting a site fee of 20%. Fetch does suggest prices - $10 to $25 per hour/$50 to $150 per day. The trucks are provided by side hustlers and fleet owners, who determine when their vehicles are available and what to charge for the rental.
Requirements: A licensed and insured truck or van, model year 2009 or newer Fetch Review:įetch is a marketplace for self-service truck rentals. Where: Select cities in Georgia, California, Florida, Texas, Pennsylvania, D.C.
What: Fetch is an online platform where you can rent out your truck or vanĮxpected pay: $10 to $25 per hour/$50-$150 per day Husl$core: $$$Ĭommissions & fees: 20% to 30%, plus about $110 to buy and install a keyless device