DriveMyCar is an Australian peer-to-peer car service that links drivers in need of a rental car to cars that are not being used by their owners. This car service connects people looking for a vehicle with vehicles that are currently free and probably parked in garages, making the asset useful as a cash-earning opportunity for its owner.
The vehicles rented are insured during the entire rental period — the owner benefits by taking 75% of the rental earnings, while DriveMyCar takes 25%. Renters can find a car by scrolling through the DriveMyCar app or website listings, which can be filtered by car model, availability, or cost.
Launched in 2010, DriveMyCar is owned by Collaborate Corporation Limited that specialises in collaborative consumption, or peer-to-peer businesses. As the world moves towards an economic sharing model, these businesses possess the enormous potential to maximise the value of underutilised vehicle assets.
As many DriveMyCar review studies have shown, the service is growing in popularity. DriveMyCar service has so far managed 11,000 rentals and paid more than AU$7.1 million to vehicle owners.
If you need a car at short notice, and not for an extended period, the DriveMyCar service is the perfect platform to seek out a solution. Rent a car that’s right for any situation, for between 2-365 days, be it for a short city rental, holiday drive, outback ride, or an Uber gig.
The range of vehicles is impressive, and you can find sports cars, SUVs, and family-focused vehicles.
For car owners, upload details and photographs of your car onto the DriveMyCar website. Once your vehicle has been identified by a potential renter, arrange a handover time and location with the renter, and complete an inspection report. Ensure to take pictures of your car’s condition.
Receive regular payments from DriveMyCar, and when the rental period is over, arrange for the car’s return with the renter and complete another inspection report.
If you’re a renter, hop onto the DriveMycar website or app and search for suitable cars near you. Make a booking request and wait for DriveMyCar to verify your identity and perform a credit check. Make an initial payment, including a mandatory bond via credit card.
Rental fees include 24/7 roadside assistance and collision damage. Once your rental period is over, arrange a handover time and location with the owner, and return the vehicle.
Additional Savings Tips
Look out for DriveMyCar promo code or DriveMyCar discount code offers on their website to enjoy even lower rental charges with the service. Follow their social media handles and subscribe to their email list to make sure that you do not miss out on any offers.