Basics:
Fetch is a peer-to-peer truck rental marketplace that lets owners set their own rates and availability
Expected pay: You set it
Husl$core: $$$$
Commissions & fees: 20% – $30%, depending on insurance, plus about $110 to install a keyless device
Where: Select cities in Georgia, California, Florida, Texas, Pennsylvania, D.C. and Mississippi
Requirements: A licensed truck or van, model year 2009 or newer
Fetch Review:
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.
(This post may contain affiliate links. Learn about our affiliate policy here.)
How it works
Fetch markets trucks and vans through the platform and collects rental fees. Owners are paid the proceeds, minus site commissions, twice a month.
The site’s basic fee is 20%, but there’s an additional 10% charge for those who don’t already have commercial liability coverage and want to buy it through the site. (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.)
Keyless device
Fetch provides a bluetooth-connected device that locks and unlocks your car doors and turns on the engine. This allows vehicle-owners to avoid meeting every renter with keys. However, the site charges a $49 deposit for the device and owners have to pay to have it installed. Steinberg says installation costs about $60.
If you take the vehicle off the platform, you’ll need to pay to have the device taken out of your car, so you can return it to Fetch. If it’s not returned within 30 days, there’s a $200 fee. But you do get the deposit back.
Potential earnings
Fetch founder and CEO Adam Steinberg says vehicles that are available full-time generate about $1,250 in rentals a month.
When this platform first launched, we gave this platform a neutral Husl$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. We’ve hiked the site’s Husl$core to reflect that. Click here to list your truck.
Insurance
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 $25,000 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.
Want to try Fetch?
Here’s a direct link to the Fetch Truck site.
Recommendations
Other sites that will help you rent your vehicle: Turo and Giggster.
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.”
Updated 08/15/2022
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