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Trade Idea: A Weekend in My Luxury NYC Apartment for Your Tesla Model S

Discussion in 'Model S' started by spurg, Jun 16, 2015.

  1. spurg

    spurg New Member

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    Greetings! I hope this is the right place to post this idea. If not, please berate me.

    I live in lower Manhattan in a beautiful, new, one bedroom high-rise apartment with an amazing view of the city and the empire state building. I often go away on the weekends and rent cars from owners, including a Tesla or two, using Relay Rides. A few weeks ago a rental transaction turned into a trade - the owner stayed in my apartment, and I used his car. No money was exchanged. It was amazing.

    The idea: I'm now looking to build a network of other people interested in doing this. People who want to come to NYC on weekends now and again and stay in an awesome apartment, in exchange for me using their car. Ideally it's someone who travels here often, so we can build trust. There are also ways to take care of car insurance (and home insurance for me).

    Tesla Model S is obviously my favorite car, so I thought I'd start with posting this idea here. Does anyone find this interesting?
     
  2. BoerumHill

    BoerumHill Member

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    Well let's run some comps.

    I could rent a Ferrari 458 in NYC for three days, and that would set me back $4,950 with a $7,500 refundable deposit. There are exotics that are more and some that are less. Or I could rent a MB S550 for $1,295 with a $5K deposit. Not that it's especially appealing, but that's the lower end at Dream Cars, a short term high end car rental site.

    Glancing at AirBNB, I could find a West Village triplex (sleeps 6) for $300 per night, plus $80 cleaning fee.

    Anyway, if you get any takers, LMK. My full service building has a pool, gym, rock climbing wall, tennis bubble and private playground. I'll give it up for a weekend with your Model S, for sure! Hell I'll even throw in theater tickets, we have a closed group discount drama desk. You guys wanna be stuck downtown or in the middle of midtown? Egg zactly! My PM box is wide open, folks.

    If this works out I might just skip ordering a 70D. I was only going to use it on the weekends anyway!
     
  3. daniel-r-a

    daniel-r-a Member

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    Both of your posts have me quite curious about this idea of trading Model S's for a place to stay in the city. I've been doing a bit of research about the ride sharing companies (like Relay Rides), but I see that they would only be insuring if you book through them (paying cash and giving them 25%). So, that brings up my big question...if one were to go through and, without a service like Relay Rides, trade a Model S for an apartment, how would insurance work? Additionally, how would it work in terms of determining scratches, dents, worn tires, etc. before and after the "trade"?
     
  4. 3s-a-charm

    3s-a-charm Active Member

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    I'll take you up on a weekend - you can use my Model S... but it's in Canada :tongue:

    Good idea - and good luck :)
     
  5. spurg

    spurg New Member

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    For more comparable math, check out how much Teslas are going for on Relay Rides and Get Around. Typically around $250-$350 per day. I rented this one in LA a couple of months ago and it was amazing. Getaround is doing a ton with Telsas in San Franciso and elsewhere. I've done my research - this is def comparable my NYC aparment on AirBNB (and maybe yours too!).

    - - - Updated - - -

    I've thought this part through. You can rent the car at a very low price, say $10 per day, but pay full price for the insurance. I could technically do the same with AirBnb but I have solid renters insurance.

    Alternatively, some auto insurance plans cover other drivers, so you wouldn't need Relay Rides at all.

    - - - Updated - - -

    Time for a nice road trip to NYC?
     
  6. Jhall118

    Jhall118 Member

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    I might be interested in this. I have a P85D in Seattle. You ever come to Seattle?
     
  7. kuttakamina

    kuttakamina Member

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    boerum, if you ever visit DC, I'll let you drive my 70D :)
     
  8. BoerumHill

    BoerumHill Member

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    We're taking the kids in July. Here's what we should do: we'll take the Acela to D.C. and use your place and your 70D. You take the Acela to Manhattan and use my place and my MTA metrocard. Oh, you're bringing your gf. OK, we'll leave you two metrocards.

    Plus theater tickets. Don't forget we're offering free B'way shows. ;)
     
  9. RAW84

    RAW84 Member

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    We need pics of this apartment!
     
  10. ljwobker

    ljwobker Geek.

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    The way I understand this (and it's not a legally checked nor binding statement!) is that if I give permission to a friend of mine to drive my car, and they wreck it, their insurance is primary on any loss, and my insurance is secondary. This basically means that if they wreck the car, their insurance pays. If for some reason they are un/under-insured, my insurance pays the balance. OF COURSE you should check with your own insurance company, but a friend of mine actually works as an adjuster for my insurance carrier, so I have these sorts of what-if conversations with him all the time.

    I'm also relatively sure that if you're "renting" the car instead of "letting them borrow" the car, it becomes a commercial transaction and now a whole different set of rules apply.
     
  11. polything

    polything Member

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    i will not let you take my old lady for a ride. jk

    If you got pulled over, who insurance would you show?
    From what understand if you do not have the insurance for the Tesla you would get a citation for driving w/o ins.
     
  12. yobigd20

    yobigd20 Well-Known Member

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    how about during the week? I drive my tesla into the city, stay mon-thurs and don't need my car but need a place to stay (I work in NYC and commute 200 miles a day, so a trade like this might benefit me lol).
     
  13. HHHH

    HHHH Member

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    This is a very cool idea. I was just in NYC last weekend and needed a Tesla to drive to the hamptons. I realize the OP is offering his place, so maybe I'll try that next time.
     
  14. caps04

    caps04 Member

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    I live in Jersey and wouldn't mind bringing my wife and son for a weekend stay in the city. Problem is I can't imagine someone else driving my new baby :p
     
  15. Terrin12

    Terrin12 New Member

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    Wow, this is a brilliant idea dear!! It is quite exciting. I also have a luxury condo in Dove mountain and I would like to plan such an exciting weekend over there. Thanks for the idea!
     
  16. emilylivingstone

    emilylivingstone New Member

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    I think it's a great Idea. I am coming to New York next weekend, I just booked an apartment there via instratany. I am really interested in this trick of exchanging the apartment with luxury car. :smile:
     

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