Fetch is a peer-to-peer truck rental marketplace that lets owners set their own rates and availability
Expected pay: You set it
Commissions & fees: 20% – $50%, depending on insurance. Optional keyless device for $109
Requirements: A licensed truck or van, model year 2009 or newer in good condition
Fetch is a peer-to-peer marketplace for self-service truck rentals. The trucks are provided by side hustlers and fleet owners, who determine when their vehicles are available and what to charge for the rental.
Fetch does suggest prices — $10 to $25 per hour/$50 to $150 per day. But, the actual rental rate is up to the owner.
How it works
You sign up and give the details of the vehicle you’re willing to rent out, determining both price and availability.
Fetch markets trucks and vans through the platform and collects rental fees. Owners are paid the proceeds, minus site commissions, twice a month.
Fees & Insurance
The site’s basic fee is 20%. But that fee assumes the owner has commercial liability coverage for their vehicle outside of the site. If you want Fetch to provide coverage, you’ll pay between 35% and 50% of the rental amount, depending on the coverage you choose. (You need commercial coverage if you rent out your vehicle, in addition to your ordinary personal liability coverage. That’s because standard auto insurance policies do not cover losses when someone is renting your car.)
Fetch used to require that vehicle owners install a bluetooth-connected device that locks and unlocks your car doors and turns on the engine. The site now allows owners to list without this device. However, if you want renters to be able to access your vehicle without a key, the bluetooth device is available for a $169 fee, plus $9.99 per month for connectivity.
This device can be self-installed and removed, if you choose to take a vehicle off the platform.
Fetch founder and CEO Adam Steinberg says vehicles that are available full-time generate about $1,500 in rentals a month.
When this platform first launched, we gave this platform a neutral Husl$core because a similar rental platform had technical woes with its keyless devices. And Fetch was too young to know whether it would too.
Now that the site has more operating experience, we are less concerned about the keyless devices. And the site has made the keyless device optional.
We’ve hiked the site’s Husl$core to reflect that. Click here to list your truck.
Fetch offers commercial coverage for your rental. However, for the coverage to apply, you must file a claim within 24 hours of the rental’s completion. So, while you may not need to be there to drop off keys, you should inspect your car promptly after each rental. You also need photographs of the vehicle’s condition before and after the rental to establish your claim.
The policy has a $1,000 deductible and a $35,000 cap on property damage. Steinberg says renters are responsible for paying for any damages, presumably from their own insurance. If they’re unable to pay, the site’s coverage kicks in.
But that potentially leaves the owner shouldering the first $1,000. Steinberg says they get roughly one damage claim per 1,000 rentals.
If you want to know all the things you can rent — watercraft, parking spaces, camera equipment, etc. — check out our post “8 Ways to Make Money Renting Your Stuff.”