Could you pay for an electric car by letting a stranger rent it?

Would you give up your car and share someone else’s? What about letting others borrow yours to help pay for it?

I’ve lost count of the number of times I’ve been told over the years about car sharing schemes set to revolutionise how we drive.

It barely needs saying, but despite the bold claims none has quite pulled off an Airbnb or Uber quite yet.

Renting out your car five times a month to earn about £350 could cover the bulk of the monthly PCP payments on a new Tesla Model 3 (if not the £10,000 deposit) Turo is the world's biggest car sharing platform and is staging a big push into the UK Turo is the world's biggest car sharing platform and is staging a big push into the UK

Turo is the world’s biggest car sharing platform and is staging a big push into the UK

So, back to the original question, would I do this?

I’m too into cars to give up ownership, but I can see how those who are far less interested in how, what and where they are driving could do so, if a system was cheap and convenient enough.

As for renting my car out to others? That’s a tricky one, I certainly wouldn’t be letting people take my pride and joy Peugeot 205 GTI – with an easily dented 28-year-old French car that would be asking for trouble – but perhaps with the family car I would.

I’d quite like to go electric with our family car, but I have an aversion to buying new cars and those I’d buy second hand are still too expensive and in short supply.

But, if I could make £350 a month by sharing my car for a five days, that could fund a big chunk of the monthly cost of a new Tesla Model 3 on a PCP deal, if not the £10,000 deposit (and apparently electric cars are in hot demand on the platform).

It would require a total change of mindset though – and I’m not sure I’m ready for strangers driving ‘my car’.

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