MONEY

The Real Risk Of Car Sharing

04/13/2012 04:23 pm ET

Last month, I wrote about RelayRides, a company that helps you rent your car to strangers. It’s a big enough idea that the company has attracted investments from Google and General Motors.

You set and post the price on the company’s Web site, and the company handles the background checks on renters, the reservations and collecting the money. It, and similar peer-to-peer car-sharing companies, keep some of the money before handing over the rest to you.

Read more on New York Times

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