I just rejected the first offer to rent my bike - Stromtrooper Forum : Suzuki V-Strom Motorcycle Forums
General V-Strom Discussion Talk about all things V-Strom not limited to just one of the above models

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post #1 of 60 Old 05-28-2019, 10:01 PM Thread Starter
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I just rejected the first offer to rent my bike

After hearing Twisted Road owner Austin Rothbard talk about his peer-to-peer motorcycle rental service on a couple of MC-related podcasts, I took the plunge and listed my '12 Wee over the winter.

Today, I received my first rental request. Someone wanted it for 4 days, which would have netted me around $200. I had dollar signs in my eyes and was ready to confirm...and then I read the renter's profile: He got his license 2 years ago and does not currently own a bike. He wants to use it to take part in a multi-day group ride on the twisty roads in my area next week.

I decided the combination of an inexperienced rider on narrow, twisty roads for several days was beyond my comfort zone, at least for my first rental.

Anyone else using Twisted Road or the similar service, Riders Share?
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post #2 of 60 Old 05-28-2019, 10:06 PM
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Interesting... never would have thought of renting my bike out.

I think the only scenario I would be comfortable with is someone with current and consistent experience actively riding for the past 3 years. The use case here would probably be a rider travelling from afar looking to ride this area.

Someone with no active experience would be too high a risk.
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post #3 of 60 Old 05-28-2019, 10:24 PM Thread Starter
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I agree -- handing my baby over to someone with so little experience for several days gave me the heebie-jeebies.

In addition to the scenario you presented above, I would also be more comfortable renting it to someone with a current bike and perhaps looking to test ride in anticipation of a new bike purchase.
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post #4 of 60 Old 05-28-2019, 10:43 PM
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How does your insurance carrier view renting your motorcycle to someone else? If the renter totals your bike, does your collision/comprehensive insurance still apply, or will your insurance carrier deny a claim on your personal insurance policy since you're engaged in a business of renting out your motorcycle?

Guys who drive for Uber raise the same question for me. If you're transporting people for money, then you're a common carrier, which normally requires a specific commercial auto policy that covers this sort of activity. An insurance company might be able to deny a claim for personal injury sustained by a paying passenger, based on the idea that you're driving people around for money and you don't have commercial car insurance. That could get expensive really fast for a car owner whose liability insurance won't cover a passenger.

Did Twisted Road cover any of this, or do they do what Uber does and basically say any insurance issues are all on you?

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post #5 of 60 Old 05-28-2019, 10:59 PM
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Make $200.00 dollars, hummm, not worth it.
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post #6 of 60 Old 05-28-2019, 11:11 PM
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This sounds crazy. Who insures what when you rent your bike?
And $ 50/day is way too low if you figure proper insurance and the risk to be getting it back in pieces.

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post #7 of 60 Old 05-28-2019, 11:20 PM
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I remember renting on an oveseas trip and on top of the $2,000 rental fee had to front up on a pre signed manual credit card authority "in case of damage". Do you have any security at all?
What happens if he drops it? Even a simple drop with lever, bars, grip, shifter, indicator, and side cowl can get very expensive very quickly. All for $200?
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post #8 of 60 Old 05-28-2019, 11:32 PM
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I had an offer to rent my BMW with a Ural side car to the movie industry. When I realized what they may do to it I quickly turned down the offer.
Rentals can turn into a can of worms so fast.
i had friends that did movie rentals but they were in the industry and knew the foibles.
You need big contracts and lots of insurance.
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post #9 of 60 Old 05-29-2019, 08:23 AM
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Nobody gets on my bike unless I've ridden with the person and have seen you ride.
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post #10 of 60 Old 05-29-2019, 08:57 AM
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What does one's insurance company think of renting one's motorcycle?

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