‘AirBnB’ for rare cars
New app to rent out classic rides
OWNERS of classic cars who are preparing for the annual request for matric ride cars will be interested in a DriveShare app launched by U.S. insurance company Hagerty.
Dubbed the AirBnB of cars, the app is for now only available in the U.S., where it enables owners of rare or classic vehicles to rent out their wheels to pre-selected enthusiasts.
The owners can review the renter’s profile to see their rental history and rental certifications before approving or declining a rental.
Not anyone can list on the app, as it sets strict eligibility requirements to make sure the classic car is in safe hands. For starters, DriveShare requires a minimum security deposit of some R6 500 before you may drive any car.
Hagerty warns on its website the process of checking a renter’s driving history and eligibility can take up to 72 hours.
Once cleared, owners of the car control the entire transaction — setting the size of the deposit, the rental price, distance and other stipulations for people to rent their vehicles.
Once approved, each owner will arrange pick up and drop off locations with the renter.
Hagerty said many owners are willing to drive a certain number of miles to meet with the renter, while others hire a flatbed to transport the vehicle.
Every vehicle rented through DriveShare includes a commercial auto policy that provides liability coverage for both bodily injury and property damage for the rental period.
Should there be a mechanical issue with the vehicle during a rental, DriveShare provides the industry’s most comprehensive roadside service on all vehicles during the rental period.
This includes Hagerty’s Roadside assistance, which includes guaranteed flatbed towing with soft straps and dispatch operators who understand and care about classic cars.