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12 replies to this topic | 30 praises

#1

Posted 16 February 2015 - 11:32 AM

Rogersk8ter
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Icarsclub is down for few months now. No renters from them at all even cny peak period. Pretty disappointed as a member.
Where else can I post to rent my car(mpv) out for the cny period?
Tks.

#2

Posted 16 February 2015 - 02:06 PM

Sunset73
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Icarsclub is down for few months now. No renters from them at all even cny peak period. Pretty disappointed as a member.
Where else can I post to rent my car(mpv) out for the cny period?
Tks.

 

Gumtree, MCF/Sgcarmart.

 

Please also remember to get proper insurance coverage during the period you rent out your car.



#3

Posted 16 February 2015 - 02:42 PM

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PM u already.
24th Aug 2006, we lost a planet!

#4

Posted 16 February 2015 - 04:03 PM

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does it need to have a "different" insurance policy to rent out a car like that?



#5

Posted 16 February 2015 - 04:10 PM

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Gumtree, MCF/Sgcarmart.
 
Please also remember to get proper insurance coverage during the period you rent out your car.


Ok tks. Posted in gumtree. Gd response.
Sgcarmart not free postings I think.

#6

Posted 16 February 2015 - 04:17 PM

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does it need to have a "different" insurance policy to rent out a car like that?

 

Apparently, not all insurance companies does such type of "sub-letting" of cars to 3rd party individuals because car is registered for private usage only, though LTA approves such practice from Friday 7pm - Monday 7am. What some owners do is they rent out their cars privately.. then add the hirer's name into the insurance policy.



#7

Posted 16 February 2015 - 04:27 PM

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Apparently, not all insurance companies does such type of "sub-letting" of cars to 3rd party individuals because car is registered for private usage only, though LTA approves such practice from Friday 7pm - Monday 7am. What some owners do is they rent out their cars privately.. then add the hirer's name into the insurance policy.

 

I think insurance companies do not allow adding of names this way. Assuming you rent out your car to different people every PH/weekends, it will not be possible to add in different names at different times.

 

This might be possible if you have a stable hirer and always rent out to this person, then maybe you add in the name when you first buy/renew your insurance.

 

If you intend to rent out your car, I think if you go by the proper channel, it is not going to be worthwhile, as you will need to get special additional insurance coverage for the rental period. I checked before 6-7 yr ago, it was i think maybe about $100 a weekend. Add that to the rental amount, and it will be not attractive for the hirer to rent from you. Foot it yourself, and it's not going to make you any spare $$… The special additional insurance coverage is necessary even if you have a comprehensive policy, as renting out makes it become a commercial vehicle (c.f. to private car insurance policy).

 

So beware. Can choose to ignore this and just rent out, of course, but in the event something happens, then...


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#8

Posted 16 February 2015 - 04:36 PM

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Icarsclub is down for few months now. No renters from them at all even cny peak period. Pretty disappointed as a member.
Where else can I post to rent my car(mpv) out for the cny period?
Tks.


U got rental insurance boh?

Dun rely on the "I lend the car to my fren" excuse. If anything happen, do note that u hv no recourse under the law for anything that's 'illegal'.
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#9

Posted 16 February 2015 - 04:39 PM

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TS talk about Icarsclub, so presumably not the first time he do this, possible that he already have the necessary insurance (not to say I am sure, just guessing).



#10

Posted 16 February 2015 - 04:58 PM

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TS talk about Icarsclub, so presumably not the first time he do this, possible that he already have the necessary insurance (not to say I am sure, just guessing).

 

Icarsclub does the insurance thingy for you.. but if you don't rent it out from that platform.. it might not be valid


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#11

Posted 16 February 2015 - 05:39 PM

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TS talk about Icarsclub, so presumably not the first time he do this, possible that he already have the necessary insurance (not to say I am sure, just guessing).


Hope so. Some ppl tink if they make the renter sign some paper that they will pay for damages and all is well. If the renter knows the law, he can juz walk away w/o any problem.

#12

Posted 16 February 2015 - 06:59 PM

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Renting/lending of car to others during CNY have a lot more chances of incidents.

The driver will surely give the car a very "good workout" in order to maximise the usage. Trying to fit all the CNY visit locations and schedule, chiong is the key to fulfil this objective. And I have not included drinking in the equation.


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#13

Posted 30 November 2016 - 01:48 PM

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Hello all, 

 

I'm looking to rent a Honda Integra for one day in Jan 2017. Will be using it to travel to a few places in SG for shoot. 

 

Have driven an Integra before (got scrapped) and will take good care of the rented one during rental period. 

 

Will be grateful if you guys can offer any advice / contacts. 

 

Thank you! 




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