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08/29/2022

Peer-to-peer car sharing: A potentially risky side gig

FTC

If you’re looking for a way to make some extra money, you might be thinking about renting out your car through a peer-to-peer (P2P) app like Getaround, Turo, or HyreCar. Like other P2P companies that connect people with a product or service to people looking for one, these let you rent your car out — by the hour or day, depending on the company — to people who find you through the platform.

But renting your car out on these platforms can also be risky. Some people who’ve listed their cars have reported having them damaged, stolen, or used by someone to commit a crime. Even if the company has policies for dealing with these types of situations, they can take a lot of time and money to resolve.

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