The Airbnb Of Cars Is Here, Allowing Owners To Rent Out Their Vehicles

(CBS Chicago) – Car payments can be a necessary evil for some, but hundreds of owners in Chicago and Evanston are now helping pay for their cars by renting them out.

Is it worth the risk? CBS 2’s Dana Kozlov reports.

Lakeview resident Mike Conti doesn’t drive his truck much. Others do.

“My car, I would say, four out of seven days a week, sits idle. So, if there’s a way to monetize that, then why not?” he says.

His car is one of 200 available to rent in Chicago and Evanston, by the hour, day, or week – via Getaround. It has been likened to Airbnb for cars.

Sixteen months after launching the app, Getaround manager Brian Pogrund says there are more than 20,000 users. The cars’ owners set their price, within 10 percent of what Getaround recommends. Prices start at $5 an hour.

Renters can drive away with just a click on their phone.

Renters have to register with Getaround first. Pogrund says it could take up to 48 hours before that first rental is allowed, to ensure renters are responsible.

Kuu Hubbard is sold on the idea.

“Everything is located around the neighborhood. It’s easier to return cars. It’s a lot simpler,” Hubbard says.

Drivers have to return the car within a certain radius of the original parking spot.

Pogrund says Getaround is fully insured. However, car owners have to pay a $99 enrollment fee and a $20-a-month software fee, so it could take a bit to recoup that money.

This site uses cookies, tokens, and other third party scripts to recognize visitors of our sites and services, remember your settings and privacy choices, and — depending on your settings and privacy choices — enable us and some key partners to collect information about you so that we can improve our services and deliver relevant ads.

By continuing to use our site or clicking Agree, you agree that CBS and our key partners may collect data and use cookies for personalized ads and other purposes, as described more fully in our privacy policy. You can change your settings at any time by clicking Manage Settings.