Recently I have been some ads about ZoomCar indicating that share your car and earn up to Rs 40,000 per month. Zoomcar indicates that it accepts several models of cars and one can rent them when not using it and earn some regular monthly income. What is Host your car offer from Zoomcar? How does it work exactly? Is it safe to rent your car on ZoomCar?
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Zoomcar, is an Indian self-drive car rental company, headquartered in Bangalore, India. The company was founded in 2013 by David Back and Greg Moran. One can rent their car on this platform and customers can request for self driven cars.
What is Host your car on ZoomCar all about?
It’s a community vehicle program, pooling of car owners to share their cars and when such car is not in use on zoom platform and earn joining bonus and booking revenues.
What is Share your Car and how does it work?
If you have a car and using on and off and not utilizing fully, then you can rent the car with ZoomCar and earn regular income. Here is how Share your car with ZoomCar works.
Step-1 – Visit Zoomcar portal
Step-2 – Sign-up with mobile number, enter city, personal details and car details
Step-3 – Expert verification from ZoomCar happens
Step-4 – Car is installed with safety devices
Step-5 – Car is ready for accepting bookings.
Based on the bookings, you would get revenue on a regular basis.
Which cars are eligible to Host on Zoomcar?
One can register any car with hatchback to SUVs. Once you fill the form, Zoomcar team would approach you further.
What are the features and T&C to host your car on Zoomcar platform?
Here are some feature and important things to note.
One needs to get onboarded into Zoomcar platform before they start earning. The typical onboarding time is 3-7 working days.
The minimum listing duration would be 60 hours. Beyond this, one can list for any number of days.
Once the car is onboarded, the car owner is eligible for joining bonus of Rs 10,000.
Based on the booking revenues, 60% amount would be shared with car owner as per the revenue sharing model. This amount is paid every week. In case there are bookings ending in that particular week, the car owner is eligible for weekly or monthly incentives.
Servicing and maintenance of the car would be borne by car owner only.
Car owners would have a spare key and in case of unlocking issues via keyless entry system, they need to assist zoom car team.
In case car is caught by police for some reason, Zoomcar officials would assist in getting the car released.
In case there is an accident and third party loss, Zoomcar would do internal verification and would compensate for third party loss.
If the car is stolen, Zoomcar officials would assist in getting the car value from the insurance company.
What is the earning potential in host your car program?
This would depend on the listing frequency and car model.
Hatchback models earn up Rs 10,000 per month.
Sedan models earn up Rs 30,000 per month.
Compact SUV models earn up Rs 35,000 per month.
SUV models earn up Rs 40,000 per month.
What is the revenue sharing model of Host on zoomcar platform?
Car owners would get the following:
1) 60% of the booking revenues earned would be paid on a weekly basis for the bookings ending in that particular week.
2) In case of having car rating of 4.5 and above, one can get weekend and monthly incentives which would be paid on a monthly basis.
How car owner can increase their earnings on Zoom Car Hosting Program?
Beyond whatever booking revenue and incentives are being paid, car owners can increase their earnings in the following ways:
Maintaining rating of 4.5 and above can help you to get weekly and monthly incentives.
List car for a longer period to get a higher number of bookings.
List car for booking during weekends compared to regular days.
List car for booking during the festival period where there is high demand.
What is sign-up bonus?
Once the car owner decides to host their car on zoomcar, they need to sign-up and once it is on-board, they can get up to Rs 10,000 as sign-up bonus. This would depend on the city. Here are the SignUp bonus amounts that would be paid.
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Is it safe to host your car on ZoomCar platform?
If a car owner is not utilizing the car fully or utilizing only a few hours a week, they can host their car on ZoomCar to earn good amount of money. There are pros and cons in this. While one can get regular income, this would depend on the quality of the car hosted along with ratings received from customers. On the other side, accidents, damage to the car, customers dropping car in dirty condition etc. need to be considered as negative factors and risks. If car owners are okay with all these pointers, they can definitely host their car on ZoomCar and earn regular income.
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I want to join my car with zoomcar
I’m looking for someone to talk about getting my car in zoom.. Need to know more about insurance and other charges.
Hope, you are not facing any post covid complications. Please take sufficient rest (we don’t mind if you are not visible for some more time). Return only after you recovered fully….All the best……
Thank you Srinivasan. I am facing post covid complications. Headache, weakness, blurred eyes are on and off these days. Doctor says I need to keep an eye and do regular check-ups for next few months.
Ohh ohh, wish and pray for your speedier recovery suresh.
Why have you stopped writing on IPOs
Hello Manu, I was not active for few days due to covid, hence skipped few IPOs. Would review future IPOs.