Earn at least $2,000 in 12 months, guaranteed
$2,000 a year income
We’ve got over 30,000 screened and trusted borrowers looking to rent cars. In popular suburbs, more cars are needed to meet demand.
We guarantee that if your car meets the simple eligibility criteria set out below, you will earn at least $2,000 in the first year of renting your car out.
If you don’t, we’ll pay you the difference. To register for the guarantee, just ask our team about it when you sign up.
Want to know more about sharing your car with Car Next Door?
Find answers to common questions such as insurance, fuel, borrower screening, the process of listing your car, how much you’ll earn, how much time it takes you and more on our Car Owners’ info page.
Boost your income by renting your car out to trusted borrowers
Car owners who make their car available for rent at least 50% of the time earn $2,000 a year on average. The top 10% of car owners earn $7,000 a year on average, with some earning over $10,000 a year
Is my car eligible for the $2000 income guarantee?
Car Next Door may offer a guaranteed minimum level of gross income to certain car owners that are listed on the platform. To remain eligible for the income guarantee, car owners must ensure that their cars meet the following criteria throughout the Guarantee Period.
To be eligible for the guarantee, your car needs to:
- Be 6 years old or less (based on the year of manufacture);
- Have fewer than than 150,000 km on the odometer;
- Be located in one of our high-demand suburbs of Sydney, Melbourne or Brisbane;
- Be available for members (not including you or your additional drivers) to book from midnight to midnight at least 5 weekend days and 13 weekdays of each full calendar month during the Guarantee Period.
- Stay priced at the rate recommended by Car Next Door;
- Be available for approved Borrowers above the age of 21 to book;
- Be made available (in the homezone, with the lockbox and key accessible) for every booking (except where this is not possible due to the actions of another borrower);
- Not receive more than five percent negative (“thumbs down”) ratings from borrowers;
- Meet the vehicle eligibility criteria as set out in clause 4 of the Owner Supplement; and
- Have the full suite of Car Next Door stickers on the car.
(p.s. – If your car doesn’t quite meet all of these criteria, you can still join and get your car earning its keep!)
The Owner must also comply with their obligations under the Owner Supplement and not do anything that is intended to, or likely to have the effect of, reducing their car’s bookings (for example, but not limited to, asking borrowers to cancel a booking or intentionally making it difficult for borrowers to access or enjoy the use of the vehicle).
Terms and conditions
The income guarantee is available to new car listings started after 1 January 2016.
We guarantee that your Gross Income (your share of your car’s income) will be at least $2000 by the end of the first 12 months that your car is shared (subject to the eligibility criteria set out above). Your Gross Income is shown on your monthly invoice statement.
If, at the end of 12 months, your car has met the eligibility criteria and your Gross Income is less than $2000, then we will pay you the difference.