Renting out your car through peer-to-peer platforms: earning from an idle vehicle
Car owners whose vehicles sit unused most of the week can rent them out through sharing platforms and earn from spare capacity.
Renting out a personal vehicle through peer-to-peer (P2P) car-sharing platforms allows car owners to generate income from a vehicle that would otherwise sit idle. The owner registers their car on a platform, sets availability and pricing, and the platform connects them with renters. Income depends on location, vehicle type and age, pricing strategy, and how actively the host manages bookings. The model is not entirely passive โ it requires initial setup, availability management, communication with renters, and condition checks before and after each rental. Key risks include insurance gaps, accelerated wear, and a slow start while building reviews.
Millions of UK households own a car that realistically moves only a handful of days each week. The rest of the time it sits depreciating, running up insurance costs and taking up a parking space โ without generating a single pound of income.
๐The shared mobility market is growing steadily
The global P2P car-sharing market is expanding consistently, with analysts forecasting continued growth. Platforms such as Turo report hundreds of thousands of active hosts and a growing renter base across the UK and Europe.
