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Hiring out car to boost income

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Poshi007

Poshi007 Posts: 2 Newbie

First Post

13 January 2021 at 6:17PM in Boost your income

Hi,
I have a 2002 convertible Porsche Boxster that I'm considering renting out to people holidaying in the North Wales / Chester area. I understand that to do so, I would need to obtain approval from my insurance company and that the premium would increase. Just wondering if anyone else has gone down this route and if they could offer any tips? Many thanks:-)

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Comments

Poshi007 Posts: 2 Newbie

13 January 2021 at 6:21PM

Just confirm, I'm obviously not planning to do this anytime soon. It would be once the lockdown restrictions are over:-)

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couriervanman Posts: 1,667 Forumite

13 January 2021 at 6:23PM

Don't bother it will cost you money and give you more stress than its worth

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lincroft1710 Posts: 18,908 Forumite

14 January 2021 at 4:35PM

How reliable is your near 20 yr old Porsche and how attached are you to the car?

If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
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Hasbeen Posts: 4,404 Forumite

14 January 2021 at 4:46PM

Not a good idea!
Better idea. Sell the car.

The world is not ruined by the wickedness of the wicked, but by the weakness of the good. Napoleon
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