Car Sharing service expands in to airports

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NOW you may get paid to depart your automobile on the airport.

Australian peer-to-peer rental firm Drive My Automotive is beginning an operation that enables others to lease your automobile on the airport.

The brand new operation, Handle My Automotive, requires house owners to drop their car off on the airport automobile park in Sydney or Melbourne.

From there Handle My Automotive will lease out the car and canopy all of the day-to-day upkeep and insurance coverage prices.

“The fantastic thing about this service is that each one the heavy lifting is completed for you. All it is advisable do is provide the automobile. Handle My Automotive does the remainder. You actually receives a commission for doing nothing,” says Drive My Automotive boss Chris Noone.

This system guarantees house owners can earn wherever between $350 to $1750 a month relying on the kind of car they personal and what number of days they lease out their car.

“Our information exhibits that the managed service autos close to airports are rented 70 per cent extra ceaselessly than different automobiles on the DriveMyCar platform,” says Noone. “This excessive utilisation charge implies that house owners who use the service for a number of months can get a a lot better return on their autos — as a lot as $1750 monthly.”

The service is geared to long-term travellers and people with a not often used second automobile. This system is already working out of the Park and Fly and Drive My Automotive Inexperienced Sq. depot in Sydney and the Busy Beaver Airport Parking in Melbourne.

Drive My Automotive isn’t the one peer-to-peer automobile rental program in Australia. Automotive Subsequent Door additionally permits individuals to lease out their unused autos, although it has no present airport operation.

Hyundai can be leaping on the sharing bandwagon, having introduced it’s creating inbuilt Automotive Subsequent Door performance in its automobiles’ infotainment.

The in-built performance will put off the standard key — renters want solely a smartphone to make use of Hyundais enrolled within the scheme.

Hyundai will roll out the next-generation know-how subsequent 12 months.

Native CEO Scott Grant says: “By the top of 2019, Australians will be capable of purchase a Hyundai automobile with the built-in skill to seamlessly and simply lease it out and earn more money.

“This functionality shall be pre-installed and built-in into a brand new model of Hyundai’s Auto Hyperlink unit, making it a easy matter to earn additional funds by way of Automotive Subsequent Door’s modern automobile sharing platform.”

Nevertheless, house owners utilizing such peer-to-peer schemes should be cautious come tax time. The Australian Taxation Workplace has put contributors on discover that it could deal with automobile sharing actions.

ATO assistant commissioner Kath Anderson says: “Irrespective of how little you earn by means of automobile sharing, it is very important embody it in your tax return. It’s no totally different to anybody else renting out an asset, like a home or a parking lot. You will need to declare the revenue and you can’t keep away from tax by calling it a passion.”

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