Company Launches Neighbor-To-Neighbor Car Rental Scheme

[youtube]http://www.youtube.com/watch?v=RNHKzFuUK3E&feature=player_embedded[/youtube]

Turn your parked car into a mobile cash cow.

Car owners can turn their motors from being a drain on their finances to a money-making prospect following the launch of a website which allows them to rent out their vehicle when they are not using it. WhipCar, which opened for business this week, allows motorists to register their car to rent for anything from a few hours to weeks at a time to people in their neighbourhood.

It is free to register and renting out your car has no impact on your own insurance, according to the website’s founder Vinay Gupta. He said that according to DVLA figures the UK currently has 29m registered cars on the road, and cited a report by New Scientist which said many were used for less than an hour a day!

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