09/21/2012 03:18 pm ET

Getaround Chicago: Car-Sharing Service That Rents Private Vehicles Launches Local Branch

Driving in Chicago can be such a hellish experience that it often brings locals together, commiserating about cracked roads, poor driving conditions and the infamous dibs system.

Now, a car-sharing service new to the Second City wants to make that Chicago driving experience even more intimate by offering vehicle owners a chance to rent out their cars when they're not in use.

For an hourly rental fee as low as $3, subscribers to Getaround can borrow a local's car using the company's smart phone app, which coordinates the exchange, right down to remotely unlocking the vehicle (participating cars must install a keyless entry system).

Car owners will pocket about two-thirds of the assessed rental fee, excluding insurance costs, averaging about $350 according to a release from the company. Renters are responsible for a $500 deductible in the event of damage.

“Chicago is a natural fit for Getaround,” Sam Zaid, CEO and founder, said according to a release. “We believe that the city is ready for a new and different way to think about car ownership, and are thrilled to be one step closer to solving car overpopulation."

Chicago Mayor Rahm Emanuel called the company's Chicago launch "a win-win for the city and its residents," according to a release.