We’ve all been in situations where having access to a pickup or cargo van can just make life easier.
Whether you’re moving into a new home, hauling furniture, getting rid of garbage, or just running simple errands that require more space, a bigger vehicle can make all the difference.
This means that if you own a pickup truck or cargo van, you could tap into a very lucrative side hustle and earn some passive income.
With Fetch Truck Rental, you can rent out your truck or cargo van to people in your city who need it temporarily. It’s basically like Airbnb, just for your vehicle.
Our Fetch Truck rental review is covering exactly how this plaform works, the earning potential, and pros and cons to help you decide if it’s right for you.
Let’s get to it!
About Fetch Truck Rental
Fetch Truck Rental is a contactless truck and cargo van rental marketplace. Fetch owners list their vehicles on the Fetch marketplace where potential renters can search for local vehicles.
From there, Fetch lets you manage the pricing and availability of your vehicle, which is all done on your computer or smartphone. Fetch rents out a variety of vehicles including:
- Cargo vans (6′ and 9′ vans)
- Pickup trucks (8′ pickup trucks and crew cab pickups)
- Box trucks (10′, 12′ and 16′)
- High roof vans
The platform helps everyday people without larger vehicles get a truck or cargo van quickly and without spending a fortune. And for vehicle owners, Fetch presents a great passive income opportunity.
According to its website, you can potentially earn tens of thousands of dollars per year by renting out your truck or cargo van; not a bad side hustle if you ask me!
At the time of writing, Fetch is also available in dozens of cities across 30+ states and continues to expand.
How To Rent Out Your Truck On Fetch
Renting your vehicle with Fetch is simple and takes five steps:
- Sign up and list your truck.
- Choose your rental plan.
- Rent out your truck.
- Manage your rental business.
- Get paid.
Time to dive into each step in a little more detail.
1. Sign Up & List Your Truck
The first step to list your truck with Fetch is to sign up and create an account.
Next, you go ahead and submit your vehicle information, including vehicle make & model, Vehicle Identification Number (VIN), and rental address.
Your vehicle must be 2009 or newer and have less than 130,000 miles to qualify for Fetch. Other information you provide to list includes:
- A photo of your vehicle’s registration
- Your address
- Phone number
- A photo of your driver’s license
All of this takes a few minutes to complete, and it’s a similar process to listing your vehicle on similar platforms like Turo and Getaround.
2. Choose Your Plan
When you rent your truck out on Fetch, you have to choose a plan, so there are some fees.
But each plan includes Fetch account access and a Fetch device that lets you track your vehicle and even automate the rental process if you want contactless rental.
The two package options are:
- Quick Start Package: This package is $4.99 per month and covers your Fetch account and a lockbox where you put your keys for the renter to access.
- Pro Package: This package costs $7.99 per month. It covers your Fetch account and comes with remote lock/unlock, vehicle immobilization (for extra security) and full rental automation through your Fetch account. Just note that the Pro Package requires professional installation which has a $60 installation fee.
The Pro Package is ideal if you want to rent out your vehicle very regularly or full-time. You have to schedule an installation with a local mechanic or shop, but this gives you the ability to remote-unlock or lock your vehicle to keep rentals contactless.
3. Renters Rent Your Truck
After you select your plan, you’re ready to actually list your vehicle on the Fetch marketplace!
All you have to do is find your listing and set the status to “listed” since it starts out as inactive to ensure you only rent your vehicle when you want to.
You get to set your hourly rate for your vehicle, and many truck and cargo van owners price their vehicles at $10 to $25+ per hour.
However, your vehicle’s make and model plus your market all determine roughly how much you should list for.
Renters can then choose to rent your vehicle right from Fetch’s marketplace.
And all of this can be done contactless. Renters use the app to locate a truck or van nearby, and then reserve it using the Fetch app. They then go to the vehicle, unlock it with their phone, and are on their way. You don’t have to physically be there for the rental process to work, so you’re making money on autopilot.
The Fetch smart device, which gets installed in your vehicle, tracks your vehicle’s location, fuel level, and mileage for the duration of the rental. Renters can also rent your vehicle by the hour, day, or week.
4. Manage Your Rental Business
With Fetch, you are in total control of managing your rental business, and this is one of the best features of the platform since you’re not locked into anything.
For example, you can schedule calendar blocks to your listing that take your car off the marketplace if you want it for personal use.
And, as mentioned, you get to set your prices. While Fetch suggests prices to help you be competitive in the rental market, the rental rate is entirely up to you.
However, since it’s your business, you’re responsible for keeping up with vehicle maintenance.
In fact, Fetch’s terms of service indicate that you must regularly check your vehicle for any defects in its operations or safety. So make sure safety checks are a regular part of your business management!
You can read a complete list of maintenance requirements on Fetch’s website.
5. Get Paid
Once someone actually rents your truck or cargo van, they provide payment information through Fetch’s platform. They also take photos of your vehicle for check-in and check-out.
After you get your vehicle back, you should inspect it for any damage or excessive dirtiness. There are insurance and cleaning policies in place to protect vehicle owners (more on this below), so you can receive additional compensation if renters don’t take care of your vehicle.
But if everything goes smoothly, money from your rental appears in your Fetch account. Payments process on the 1st and 15th of every month, and you can get paid via check or direct deposit,
How Much Does Fetch Pay Truck Owners?
When you rent out your truck or van with Fetch Rental you can expect to earn between $10-$25 USD per hour, or $50 – $150 per day depending on the vehicle.
Fetch guarantees that you’ll earn at least $1,500 in your first 90 days of listing a vehicle. Their website also advertises that you can make up to $30,000 per year!
Fetch CEO Adam Steinberg says that on average, vehicles with full-time availability generate around $1,250 per month. There’s definitely opportunity to make decent money, even more so if you have multiple vehicles to rent out.
But again, how much you earn really depends on your market and vehicle’s make and model. Larger cities might have more rental opportunities than small towns, and you have to factor in the prices from your competitors.
How Does Vehicle Insurance Work?
In order to rent with Fetch rental, the renter must have proof of an existing and current auto insurance policy with both collision and liability coverage that extends to the rental vehicle. This is done to protect them as well as vehicle owners.
You also need commercial coverage in addition to the typical personal liability coverage if you’d like to rent out your vehicle. If you don’t have this kind of coverage, Fetch does offer optional insurance coverage alternatives, depending on the vehicle you’re renting.
The prices for coverage vary per vehicle, but typically range between $12.99 to $24.99 per day.
If you don’t have insurance coverage at all, some vehicles are eligible for the ‘Fetch Insurance Waiver’, which waives Fetch’s liability and collision insurance requirement for renters and includes physical damage protection for the vehicle.
For more details on Fetch’s insurance and supplemental coverage options, click here.
The Fetch Partner Program
If you have a fleet of vehicles, you can also apply to become a Fetch Partner and rent out your entire fleet through the platform.
This partner program is similar to just renting out one vehicle on the platform, except you can use Fetch’s dashboard to manage multiple vehicles. And startup costs are as low as $149 to get everything up and running.
According to Fetch’s website, annual profit potential is between $65,000 to $160,000 based on a fleet of 20 trucks. So this could turn into a serious business if you grow your fleet.
Just note that you must purchase commercial fleet insurance and Fetch devices for every single vehicle, and there’s a $1,000 setup fee for commercial insurance.
What Cities Is Fetch Available In?
Fetch Truck Rental is currently available in 100+ cities across 30+ states, including:
- New York
Florida. Maryland, Georgia, Pennsylvania, Texas, and Virginia are the most popular states. But Fetch keeps on expanding, so check its website to see if it’s operating near you.
Pros & Cons
If you’re still unsure about whether or not Fetch rental is for you, consider the pros and cons to help you make an informed decision.
- It’s an easy way to make passive income without much effort
- Signing your vehicle up with Fetch Truck Rental is quick and easy
- Contactless rentals so you don’t have to meet renters in-person
- Your vehicle is safe with Fetch’s liability and physical damage protection plan
- The online Fetch account makes it easy to keep track of all information related to your vehicle rental
- You need to have the Fetch device installed on your vehicle which allows renters to lock and unlock the doors. Fetch charges a $49 deposit, and owners have to pay around $60 to have it installed.
- Fetch is not available everywhere
- Additional wear and tear and added mileage on your vehicle impact your profit margin
If you like the idea of renting your vehicle using Fetch, but want to scope out the competition, check out the following alternatives:
Turo is a car-sharing company based in San Francisco, U.S. The company allows car owners to rent out their vehicles through their mobile platform. Like Fetch rental, Turo offers various protection plans to ensure renters have the proper insurance coverage.
One of the biggest differences between Turo and Fetch, is that you can rent out any type of vehicle on Turo, as opposed to solely trucks or vans with Fetch.
According to Turo’s website, users earn an average of $620 per month. Turo is available in many major cities in the United States, Canada, and the United Kingdom.
2. Fluid Truck
Fluid Truck is a peer-to-peer truck sharing platform that gives customers 24/7/365 access to a variety of vehicles including trucks, SUVs, and vans.
You rent your vehicle using the Fluid app and you can choose to rent by the hour, day, or week.
Vehicles cost as low as $6/hour to rent and vary depending on the rates set by each lender. It is currently available in 55 cities throughout the United States.
There are plenty of things you can rent out for extra money, and vehicles are certainly an example. And if you have a truck or cargo van, you’re potentially sitting on a very lucrative asset if you’re willing to rent it out.
And if you have a packed schedule and can’t commit a big amount of time to your side hustle, an option like Fetch can be really appealing.
With Fetch’s truck rental, you can transform your truck or cargo van into an asset that generates passive income with very little effort on your end. You don’t even need to leave your house, renters come to you, and no contact with the customer is necessary. There is great earning potential with this straightforward side hustle in truck rentals.
Of course, you have to factor in the extra miles on your truck. But if you’re comfortable with strangers using your vehicle and okay with a bit of wear and tear, I’d say give it a shot!
Also remember: if you’re not scared of passive income, you can always try using peer-to-peer delivery apps like GoShare or Roadie to get paid to deliver packages!
List your vehicle with Fetch today!
Looking for more money-making ideas? Checkout:
Fetch Truck Rental Review
Name: Fetch Truck
Description: Fetch lets truck and cargo van owners rent out their vehicles to people in their cities to earn passive income.
Operating System: Android, iOS
Application Category: Gig Apps
Author: Jessie Faber
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