Aside from your house, your car is likely to be one of your biggest personal assets. Making money from your car is a great way to make the most out of your investment by getting some extra income on your vehicle. This guide is here to help you learn some of the top ways you can start making money from your car today.
- Rent Out Your Vehicle
If you do not find yourself using your car daily, then you might want to consider renting it out. Renting out your vehicle might sound like a slighting intimidating prospect, but it doesn’t have to be. Sites like Getaround, HyreCar and Turo work to connect car owners with people who are looking to rent a vehicle. These sites make it easy to quickly connect with drivers to rent your car too. Not only do specialized websites make the car renting process much easier, but they also will help you have peace of mind as the websites will vet the renters for you, so you don’t have to worry about who is driving your car.
- Drive Around Older People
One great way of making money from your car, while benefiting the local community is to drive people who are too old or too young to be able to safely drive themselves. Websites like ElderCare.com enable drivers to connect with people who need lifts. When you sign up for a service like this you might be asked to do a range of important drives such as driving someone to a doctor’s appointment or the shops.
- Work as a Delivery Driver
Taking on shipping work is another great way to start making money from your car, and with sites like Shiply, you can compete for jobs, so you can find the right work at the right price. This means it is possible to fit in working as a delivery driver with your daily routine, or even morning commute to work.
- Start Carpooling
If you drive to work every day, then another very simple way of making money from your car is to start carpooling. Carpooling can be a very easy process, you can put up a sign or send an email around your workplace to find people who live close to your home and would be interested in carpooling. You can then work out a fee that people pay to use the carpool service that can help you to save money on petrol or even make some extra income on the side.
If you want to be able to make extra money from your car without necessarily increasing the amount of driving you are doing, then you might want to consider advertising your vehicle. Companies will pay individuals to get their car wrapped in their logo or marketing content. This means that it is completely possible to make extra income while simply driving as you would do on a normal day. The amount of money you will be paid for this service depends on the company you are advertising for, how much you drive and in what locations.