-
There has been a recent cluster of spammers accessing BARFer accounts and posting spam. To safeguard your account, please consider changing your password. It would be even better to take the additional step of enabling 2 Factor Authentication (2FA) on your BARF account. Read more here.
riders-share bike renting experience
- Thread starter Gary856
- Start date
boney
Miles > Posts
$1000 to go 1000 miles?
How you calculate operating costs matters. When gas was $5/gallon a few years ago I calculated that it cost $0.11/mile to operate my BMW R1150RT. Tires, maintenance gas and insurance.
Including the purchase price and distance I rode it brings that up to about $0.25/mile. Subtracting the selling price makes it $0.22/mile over the life of the bike.
Now, considering that I can put 1,000 miles on a bike in a day (Ffor a few days in a row if so desired), renting your bike to me might not be a great idea...
I may have been exaggerating a bit, but the IRS figures it costs $0.54 a mile to run a car and most bikes are decent bit more expensive to run than a car.
Just tires on a sport bike cost five to ten cents a mile when you include install costs, and gas at $3.00 a gallon is another five to ten cents a mile. At $5 a gallon and 50 mpg just gas is ten cents a mile, no way you were running a big bore bike for $0.11 a mile.
Not to mention you should really have commercial liability insurance if you rent a bike, and I imagine that isn't cheap at all.
Last edited:
RightCoastBias
F8TRED
EagleRider does what?
Complete the sentence please.
...rent bikes with bald tires.
boney
Miles > Posts
boney
Miles > Posts
You're right. I wonder where I got that 11-cents figure... I can't find the spreadsheet, it's been archived somewhere since I don't have the bike anymore, and I give all my records to the new owners.... Anyway, off the top of my head it looks like this:
Gas- 125,000 mi (total) at an average price of $4 gallon. I might be generous with this since gas was below that far more than it was above that. Anyway, the gas comes in at $0.10/miles at 40 MPG.
Tires: I generally kept well wearing sport-touring tires on the bike that went 8 to 9000 miles. At $350/set they work out to a cost of $0.04/mile.
Service: I can't even guess. I did it all myself and used synthetic oil. Let's give this an average of $100/12,000 miles. That's $0.008/mile.
Insurance: I get a good price because I get out of most tickets and go to traffic school here and there; $625/year $0.05/mile.
Not including the cost of the bike, I'm at $0.20/mile to operate the bike.
That's cheap.
My diesel truck costs $0.23/mile in fuel alone at $4.00/gallon.
norcalkid
Well-known member
But that's 20 cents a mile including 10 cents gas. In the case of renting like this thread is about the renter would be paying gas. So I guess you'd be looking at 10c + probably higher insurance and a bit of other maintenance. I have no idea on the commercial insurance???
hophead
Active member
Late bump for this thread so apologies I missed it the first time around. I’m bummed to learn also, just this morning, it appears dubbleju has decided to permanently shut the doors.
FWIW I have had only positive results having rented one of my motorcycles, just saying.
Gary856
Are we having fun yet?
Sad to hear about dubbleju. Never rented from them before - the fact they weren't open on weekends (or not on Sundays) made weekend rentals from them impossible for me in San Jose.
What annoyed me with riders-share is some owners list their bikes, but aren't available for rent after repeated contacts over several weeks. I ran into that with 2 different bikes and gave up after a few tries. Don't know why they didn't just black out the unavailable dates on the calendar to make it easy for everyone.
What annoyed me with riders-share is some owners list their bikes, but aren't available for rent after repeated contacts over several weeks. I ran into that with 2 different bikes and gave up after a few tries. Don't know why they didn't just black out the unavailable dates on the calendar to make it easy for everyone.
hophead
Active member
Gary856 sounds like you ran into some less than conscientious riders ha? That’s too bad. I’ve rented several times and always remember to thank the rider right off the bat, for the interest. Additionally, there are reviews required as standard, to be published by both the renter and the owner.
I rented an RT years ago from dubbleju when my Yamaha was stolen and I’m also bummed to see places like this just fade away.
I rented an RT years ago from dubbleju when my Yamaha was stolen and I’m also bummed to see places like this just fade away.
I've rented my bike twice through rider-share, overall experience is good but I wouldn't rent it again.
I rented at list price of 50$/day and rider-share basically takes a 25% cut, meaning I'd have to meet the rider and take check-in+check-out pictures twice, all around the bike, and get wear+tear of ~100+ miles each rental.
First rental my chain got loose so each rotation heard clicking noise, had to tighten at the shop. Second one was fine but chain got worst until I tightened at shop. I feel bad for second rider because he rented a bike in less than ideal conditions (had chains tightened right after his)
I then contacted rider-share to inquire about insurance policy for salvage vehicles in the event it is stolen while parked overnight and they mentioned that insurance wouldn't cover salvaged vehicles at all and isn't supported on their platform, so I just pulled the listing. Would've been nice if my bike wasn't salvaged though so the service could help cover my parking lot fees.
If you don't mine the wear and tear + the big 25% fee and trust that their insurance would cover damage to bike, then try it out, get $25 off your first rental with: www.riders-share.com/welcome/curtisw+rzrH3
I rented at list price of 50$/day and rider-share basically takes a 25% cut, meaning I'd have to meet the rider and take check-in+check-out pictures twice, all around the bike, and get wear+tear of ~100+ miles each rental.
First rental my chain got loose so each rotation heard clicking noise, had to tighten at the shop. Second one was fine but chain got worst until I tightened at shop. I feel bad for second rider because he rented a bike in less than ideal conditions (had chains tightened right after his)
I then contacted rider-share to inquire about insurance policy for salvage vehicles in the event it is stolen while parked overnight and they mentioned that insurance wouldn't cover salvaged vehicles at all and isn't supported on their platform, so I just pulled the listing. Would've been nice if my bike wasn't salvaged though so the service could help cover my parking lot fees.
If you don't mine the wear and tear + the big 25% fee and trust that their insurance would cover damage to bike, then try it out, get $25 off your first rental with: www.riders-share.com/welcome/curtisw+rzrH3
Last edited:
erok81
Member
I’d really like to rent a bike one of these days. I have a 701SM that I want to sell and pick up a Ducati V2. I want to rent a sport bike to remind myself (hopefully) that super moto’s are more fun.
hophead
Active member
Basically on the insurance issue the renter Picking up the bike is responsible for the first $2k of damage, above that rideshare covers the balance, in the event of a mishap. I think the best way to make money at renting your bike out through ride-share is to rent for 3 days minimum.
Their advertised listings are for 3 day and up rentals, so that the longer you rent a bike, the less the cost per day, fee wise. It also makes for less hassle for the owner imo. Also, and again just my two cents if I were a customer I’d want to rent only a motorcycle in excellent condition, including the useable percentage of tire tread. FWIW I do not list either of my jap bikes, although I would if it was an FJR or a Goldwing. Sport bikes seem a risky kinda thing altogether.
Their advertised listings are for 3 day and up rentals, so that the longer you rent a bike, the less the cost per day, fee wise. It also makes for less hassle for the owner imo. Also, and again just my two cents if I were a customer I’d want to rent only a motorcycle in excellent condition, including the useable percentage of tire tread. FWIW I do not list either of my jap bikes, although I would if it was an FJR or a Goldwing. Sport bikes seem a risky kinda thing altogether.
bobl
Well-known member
the renter Picking up the bike is responsible for the first $2k of damage,
So, if the renter doesn't pay, you eat the two thousand?
So, if the renter doesn't pay, you eat the two thousand?
I'm wondering if this is worth the hassle. When I get a rental car, the rental agency wants my credit card which will cover the deductible + rental fee if I damage said car. If I rent my bike to Joe Blow showing up, what security do I have. For $50 a day - commission?
That is coverage for the bike, but what coverage do you have if the renter gets hurt and sues you? Loosing a bike would be a bummer, but an injury case will cost tens of thousands of dollars to win and hundreds of thousands to lose.
Gary856
Are we having fun yet?
IIRC, the website charges $1.5k (or $2k?) as a deposit on the renter's credit card for that.
hophead
Active member
No that’s not how it work. While the bike is is being rented, any issue like that is between he/she and rideshare. There is also an inspection and sign off the renter signs when picking up as well the owner signs off as part of the checkout/ bike return policy.
You are welcome to pm any question, I’ve had one issue which was just a thing and some very slight damage was done to an oem part, but long story short renter was totally cool and responsible, shit happens, I can relate.
No that’s not how it work. While the bike is is being rented, any issue like that is between he/she and rideshare. There is also an inspection and sign off the renter signs when picking up as well the owner signs off as part of the checkout/ bike return policy.
You are welcome to pm any question, I’ve had one issue which was just a thing and some very slight damage was done to an oem part, but long story short renter was totally cool and responsible, shit happens, I can relate.
There is nothing to prevent a renter from suing you, unless rideshare has agreed to cover your liability (they haven’t) you will have to pay all your legal fees, even if it’s a bogus case and you win that will still cost tens of thousands of dollars.
If someone gets hurt and sues, it’s pretty much guaranteed they will name both the vehicle owner and rideshare in the case since there is no reason for them not too.
Last edited: