Your car is an expense, and sometimes a big one. You have to shell out for insurance, fuel, and repairs which adds up to a lot of money. But what if it wasn’t an expense, what if it was a source of income instead? It might sound too good to be true but it’s actually very easy to use your car to make money on your own terms. There are so many ways to do it so why not try one today?
Rent Out Your Car
The average amount of time that a person spends behind the wheel of their car is only 55 minutes each day. The rest of the time it’s just sat there doing nothing, so you might as well get some money out of it during that time. New apps like Relayrides have a pool of customers that have already been vetted to make sure that they can be trusted.
All you need to do is create an account and post your car as available for rental. If a customer nearby needs a car, you’ll be matched up and there you go, you’re making money. Insurance cover for all of the cars is sorted for you so there’s no need to worry about that. Once the customer is finished, they’ll deliver the car back to a previously agreed destination. If you do that a couple of times a day you can make some really good money.
Rideshare apps are massively popular at the moment and they’re gradually starting to take over traditional taxis. The beauty is, anybody that meets the fairly simple requirements can do it. As long as you’re over 21 with three years of driving experience and a clean license, you should be fine. This tool can help you to estimate the uber fare so you can work out just how much money you could be making. It takes no time at all to set up your account and you can start finding fares straight away.
This one isn’t for everybody and if you’re heavily attached to your car you probably won’t like the idea of it. If you don’t really care, car wrapping is a great way to make some extra cash out of your car. You just have to cover your car in advertisements and you could earn up to $1000 a month for doing it. Sites like My Free Car or Adz in Motion can help you match up with companies that are looking for cars that they can turn into a moving billboard.
Delivery driving is another industry that has adopted a model similar to ridesharing apps. Amazon has a delivery app where they advertise jobs on a first come, first serve basis. It’s as simple as just accepting the job on the delivery app and you’ve got delivery work for the day. Deliveroo is another popular delivery app that is helping people to make extra money out of their cars. However, you shouldn’t just limit yourself to these new app based delivery jobs. Takeout restaurants are always looking for drivers to deliver their food.
When you let your car sit in the driveway, it’s just a money pit. Why not turn it into a money maker? Of course, you’re going to have to take care of it to make money from it. Clean it regularly. Use Printed Air Fresheners. Have it serviced. This will help to maximize your profits and protect your income!