The money you can earn from ShiftRide varies depending on the model and make of your car, your location, and other variables. Currently, the average car owner earns $500 per month from sharing their car through ShiftRide in Kitchener/Waterloo.
You Earn 70% of the Booking Fees
When users go out with your car, they pay a fee based on time (in minute) and distance they drive (in km) which includes the gas they used. These fees vary based on the type of car and it's gas consumption, here's the average breakdown:
Entry Level (Cars $15K in value and less): $0.05/min + $0.34/km
Mid-Range (Cars $15K-$30K in value): $0.08/min + $0.44/km
Premium (Cars $30K-$50K in value): $0.10/min + $0.54/km
Luxury (Cars $50K-$80K in value): $0.13/min + $0.64/km
Exotic (Cars over $80K in value): Depends on the car
To give you an idea of potential earnings, if users spend 75 hours a month with your car and drive a total of 750 km, you can expect to earn anywhere from $480-$1,065/mo based on your car.