The car itself is an investment that can and should work for you.

There are several ways to make money driving a car. More often, car owners decide to rent it to one of the many taxi services. Renting a car to car-sharing services is considered less often since there are much fewer taxi companies on the market.

In this article, we will talk about the pros and cons of both options.

Taxi or car sharing? Car owner's perspective

What do these two ways of making money on a car have in common?

Most services promise car owners:

• customer support;
• auto insurance (insurance conditions may be different, we will return to this issue);
• Maintenance;
• regular rent payments.

As you can see, the main components of the contract are identical, so the difference may be contained in the nuances. Let's consider them.

1. Average rental payments to car owners in car-sharing are higher than in taxi services. Accordingly, the profit of investors will be higher.

2. Depreciation of the fleet in carsharing companies is 10 times less. It is no secret that a taxi car can be on the road almost around the clock. Car-sharing cars are used with much less intensity. If you decide to sell a car after a year, the return on investment from a less worn car will be higher.

3. Sometimes an argument is made about the unprofessionalism of drivers in car sharing, and in contrast to this, the qualifications of taxi drivers. To refute this statement, it is enough to open an ad with vacancies for the position of a taxi driver (for persuasiveness, look at those where you need to work not on your own car). Often candidates expect only minimal experience and a desire to work - no more.

At the same time, the Go2Go car-sharing service checks not only passport data but also driving experience before allowing a client to rent a car. The driver is required to be at least 21 years old and have a driving experience of at least 2 years.

4. As usual, investors are interested in the issues of insurance risks. Cooperating with the Go2Go carsharing service, you have a choice: apply for your insurance and insure your car under CASCO, or take part in our insurance fund. If you choose the second option, the car will be transferred as quickly as possible for repair for the next one. We repair cars at the Go2Go branded service station - and we are the first to be interested in high-quality repairs.

5. And its specialized full-cycle car service Go2Go provides round-the-clock viewing on the condition of the car. Technical characteristics of the text on the windshield, as well as the walls.

Who rents a car from a car-sharing service?

Today we can distinguish several categories of owners cooperating with car-sharing companies.

So what motivates you to rent a car for car-sharing services?

1. Negative experience of cooperation with taxi services. Car sharing for such car owners is a "quiet" but profitable "haven" where they arrived after an unpredictable stormy ocean of taxis. Usually, they are glad that they managed to rent out their fleet until the carsharing industry became competitive for investors.

2. Search for a source of passive income. Renting a car is more profitable than bank deposits, not as problematic as the stock markets, and the financial "entry point" in the business is lower than in the real estate industry. And investing in cars provides an opportunity for a quick exit from investments. It is much easier to sell a car than real estate (where the sale process can take years).

3. Desire to master new business models. Renting a car requires a minimum of effort on the part of the entrepreneur; this is a fairly simple way to earn money even for beginners.

4. Desire to diversify the investment portfolio. The car-sharing company not only takes over the operational activities but also directs efforts to maintain the liquidity of your assets. Cars are always maintained in perfect technical condition, they are clean and well-maintained.

Start cooperating with the Go2Go carsharing service in four steps:

1. Leave a request
2. Agree to the details of cooperation with our manager
3. Sign a lease agreement
4. Get profit

Make a choice in favor of an easy and reliable model of earning money on a car!