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Old 09-27-2012, 05:30 PM   #1
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Anyone ever rented out a vehicle?

Really random question, but does anybody have any experience with renting out a vehicle? We have a toy hauler that we might rent out to some of my husband's coworkers. The idea came up when he was talking to them about the fact they rent trailers to go camping from a company (kind of like those RVS you might have seen people driving) and when they heard we had one that is just in storage right now, they mentioned they'd be interested in just renting it from us a little cheaper then this company.

Problem is, I don't have ANY experience with renting anything, and am not sure what kind of contract to make or what should be in it. I'm not worried my husband's coworkers would be shady about it (they are law enforcement & he wouldn't let anybody he was unsure about use it..), but we'd rather use a contract just in case. It's a toy hauler trailer that they would be towing it out themselves to the camping location and setting it up and using it for a weekend.

Any suggestions on what to make sure is in a contract like this or where I might be able to find one online? Thanks. :-)
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Old 09-27-2012, 08:00 PM   #2
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I would recommend using a broker for the deal. You'll be in much better shape that way if something should happen to your trailer.
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Old 09-27-2012, 08:45 PM   #3
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Will they be insuring the trailer themselves? Or will it be on your DH's insurance?

Decades ago, before the word "boundaries" was an understood concept between people, I had a friend who kept assuming that since I had a car and she didn't, she should naturally be able to borrow my car.

I kept telling her no. She might get into an accident with my car. She blew that reasoning off over & over and was annoyed that I wouldn't give her my car.

fast-forward about a year later: I find out she went on a trip with her BF. They had borrowed her ex-DH's car. Her BF was drunk or high as kite and he got into an accident and really crashed up the car so it was un-drivable from the accident, some 90 miles away from where the ex-DH lives. It had to be towed to a garage up there.

The ex-DH ended up taking a train the 90 miles to oversee the car being repaired. As it was HIS car.

The ex-DH had to oversee the repairs as it went on HIS insurance and he had to sign off on the forms with the mechanic.

The ex-DH ended up taking the afternoon off, going up to oversee the car being repaired because the people who crashed the car basically were "unavailable" themselves to get up on a train to deal with the matter, even to go with him. After all it was HIS car, not theirs. they had to go to work. They were sorry about the whole thing - but too busy & unavailable themselves once the crash was over.

YES - the ex-DH's insurance went up because HIS vehicle was in an accident.

YES - the ex-DH's insurance went up because he gave permission to someone else, not on the insurance, to be allowed to drive HIS vehicle.

YES - the ex-DH's insurance went up because the accident happened outside the normal driving area DH usually drove HIS vehicle in.

Things to think about when letting/renting other people drive your vehicle. And stipulations to add to any rental agreement. Who does what in the event of accidents, repairs, parking tickets, towing, etc.
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Old 09-27-2012, 10:25 PM   #4
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I would make sure you have the proper insurance on it. I suspect if you accept payment for use, it may require different insurance than if it is a private vehicle. Insurance is with a vehicle/trailer, so the renter would not be providing that.
May also alter how you need to register it with DMV.

I know some people who do that with their motor homes, but they use a broker to handle the rental agreement, insurance, etc.
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Old 09-28-2012, 12:33 AM   #5
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There's a couple people here on the DIS that rent out their trailer at Fort Wilderness. Although they drive it and set it up before any one arrives. They might know a thing or two about it. They still have to be covered should anything happen to it, like bad weather.

Just check over on the fort board, a topic about it usually isn't hard to find with a link to their websites.
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Old 09-28-2012, 03:59 PM   #6
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Are you sure you want to allow other people to use your RV? People who don't normally use RVs don't always understand the various systems, especially the plumbing/black tank issues. We have only once loaned ours out. They didn't seal up the windows good and we didn't notice it when they gave it back. Result: standing water in the camper and some mildew. We'll never do that again. We worked too hard to acquire our things. I'm not about to risk having someone stop up the black tank or pour food down the kitchen sink drain.
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Old 09-28-2012, 11:30 PM   #7
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I would make sure your current insurance policy is ok with you renting out the vehicle for money. As opposed to just lending it to someone for free. Exchange of payment could constitute a business & the vehicle is probably coverage for personal use, not the business of renting.

Either way, I don't care to loan our vehicles out to people even if I have coverage.
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Old 09-30-2012, 05:31 PM   #8
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Thanks everyone. :-) It was a random thing that came up & we haven't even completely decided. It would be to someone who had experience.

But this gave me something to think about like insurance! Where we used to live, only the vehicle towing needed insurance. However in Arizona the trailer needs insurance, which is does, but that's new to us.

Either way, thanks for the info to look into! :-)
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