CRF Blog

You, a rental car company

by Bill Hayes

The Los Angeles Times reports that Owners of GM vehicles with OnStar can start renting them out.

Under the venture, which was announced in October, subscribers to GM’s OnStar service can list their vehicle for rent through a program operated by RelayRides. The owner supplies the gas and sets the price, which is expected to average about $10 an hour. RelayRides will take a 40% cut and provide a $1-million insurance policy for the owner and $300,000 for the renter. [more]