GM Car Drivers Can Earn Money Renting Their Vehicles With Peer-To-Peer Service
Testing in the Chicago area, the program is an expansion of GM's existing car-sharing platform, allowing car owners or lessees to add their personal vehicles to the mix
In 2016, GM joined the car-sharing market with its Maven platform. While the program initially allowed users to rent out GM-branded cars from its company-owned fleet, the brand recently began testing an expansion of the program that allows GM car owners to rent out their own personal vehicles.
While General Motors has tried a few programs that allowed owners to rent out their personal vehicles, these involved cars that were GM branded only. The new service, called Peer Cars, “will allow owners and eligible lessees to earn money by renting their personal Chevrolet, Buick, GMC or Cadillac car or truck.” The program aims to incentivize car buyers to purchase or lease a GM vehicle knowing they may be able to make money on their purchase even when not in use.
There will be restrictions about exactly what cars owners can rent out. The cars must first qualify for the program. All cars must be model year 2015 or newer. While the renters don’t necessarily have to own the cars, leased cars must be eligible under the program. The service is testing in Chicago, Detroit and Ann Arbor with hopes to expand to other cities if successful.
Lead image: DriveMaven via Twitter