General Motors Wants Owners To Start Making Money On Their Car

Listen up GM vehicle owners! The automaker just announced its peer-to-peer car sharing service. It’s kind of like Airbnb for your car. The service helps GM owners rent out their Chevrolet, Buick, GMC or Cadillac to other drivers who need a short-term car solution. It’s called Peer Cars and is now available in beta testing in Chicago, Detroit and Ann Arbor, Michigan.

If you thought GM already had a car rental platform, you’re right. The automaker has Maven, which offers vehicles for short-term renters but until now the cars weren’t people’s personal vehicles. Peer Cars is now a sectioned part of Maven. However, not every GM car is eligible to be listed on the Peer Cars section.

Vehicles must be newer models from 2015 or later. But GM will provide the insurance and make sure the vehicles are in safe driving condition. Owners are able to set their own prices and schedules. All access will be keyless since renters will lock and unlock with the phone app so there’s no need to share keys or have people running around with access to your car.

There have been sites like Turo available for a while but this is the first time an auto manufacturer has jumped into the market. GM predicts some owners who hit a certain rental benchmark could earn big bucks every year: $6,401 for a 2018 Chevrolet Cruze, $12,424 for a 2017 GMC Sierra, and $19,278 for a Chevrolet Camaro. Would you register your vehicle? Let us know your thoughts!