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If you’ve got a GM vehicle and OnStar, you’ll be able to rent out your idle car and make some extra cash through the RelayRides marketplace.
General Motors has teamed up with RelayRides, a peer-to-peer carsharing marketplace, that’s targeted to owners of a Chevrolet, Buick, GMC or Cadillac vehicle. This innovative program puts the vehicle owner in control – you can choose the rates and availability of your car. Done through RelayRides online marketplace, there’s a $1 million insurance policy to make the transaction safe and convenient.
Using the OnStar system, RelayRides lets borrowers unlock GM cars with their mobile phones – no additional hardware is needed. If you don’t have OnStar but want to take part in the program, you’ll have to install a small device in your car so borrowers can access it.
“We’re using technology to make both our older and newest models carshare ready and available for those owners who choose to participate in carsharing,” said Stephen Girsky, GM vice chairman. “Our goal is to find ways to broaden our customer reach, reduce traffic congestion in America’s largest cities and address urban mobility concerns.”
This RelayRides mobile application is planned for early 2012, so we’ll pass along the information once we hear about it.