Are you ready to make money with your car? In this post you'll find out 11 ways that you can make money with your car, and you can even get started with some of these today!
In a recent post that you can find HERE, we found out that a car is one of the worst purchases you can make. They depreciate in value so fast, that you could loose thousands of dollars as soon as you drive them off the lot!
There's nothing worse than knowing that you're loosing money just by owning a car, and to make things worse you'll loose even more money every single mile you drive.
But it's not all doom and gloom. You'll be happy to find out that you can actually make back all of the money your car is loosing, and a lot more on top!
So lets find out the best ways that you can make money with your car, so that you can make that money back, and maybe even make yourself a full time income.
1. Get your car wrapped for money
We've all seen cars driving around with advertisements on the sides. But did you know the owners of these cars are making money simply by letting companies wrap their cars in decals?
If you like the sound of this, websites like Carvertise will pay you $100 per month to place removable ads on your car. This is a very easy way to make money with your car, but you will need to meet their driver requirements.
All companies will require you to drive a certain amount of miles in order to qualify. This is usually around 30 miles per day, so that their ads will be seen by plenty of people.
You can also opt to park your car in a busy spot at certain times to make even more money from the ads.
Wraps will usually remain on your car for 1-2 months, and you can get multiple campaigns throughout the year to make a constant flow of passive income. All you'll need to do is make sure the ads remain visible by keeping your car nice and clean.
2. Rent out your car
If you find that your car spends a lot of time sat on your driveway doing nothing, then it's time to put it to work for you!
Websites like Turo let you list your car so that people in your area can easily find it, and pay you exactly how much you want to rent it from you.
Turo only take between 10% and 25% of the rental price, meaning you can make a very decent side income with very little effort on your part.
You'll receive requests from travellers, and even locals who don't own their own car. Some may rent it just for a few hours, and some may want it for the weekend.
When you rent your car out, it will be fully insured by Allianz for your peace of mind. This is why I recommend you use Turo, rather than offering your car up for rent on social media for example; it's just too risky. But Turo has you covered with their commercial insurance policy for up to 20 million dollars.
All you'll need to do is keep your car well maintained, wait for requests on the Turo website or app, and hand over the keys to your guest.
3. Start an errand service
There are so many people who will pay you to complete simple tasks like collecting their weekly shop, or taking a few bags of laundry to the cleaners.
You can advertise a general errand service on your social media profiles, on social media groups, or you can signup to sites like Task Rabbit.
Create a list of the tasks you're willing to complete, create a post or ad, and wait for the requests to come rolling in.
Here's a few ideas of errands you can run:
- Collecting groceries
- Collecting items people have bought
- Collecting and disposing of general waste
- Delivering items for sellers
- Collecting and delivering pets
If you like the sound of picking up groceries, then Instacart is another great place to start. People can shop at major grocery stores like Whole Foods and Costco by using the Instacart website or app.
When they place an order, you'll be able to work as their personal shopper to pickup the items from the store, and deliver them straight to their door.
4. Signup to Amazon flex
All couriers require delivery drivers, but most couriers handle big parcels, meaning a car simply isn't suitable for the job. If you want to make money with a 4 door car, Amazon have started the Amazon flex program that makes this possible.
Amazon customers want their items delivered as quickly as possible, and next day delivery isn't always fast enough. Flex is a delivery service that promises to deliver parcels within a shorter time frame, and anybody can sign up to become a driver.
You'll be given a number of parcels that you'll need to deliver across a certain length of time, this is referred to as a block. All you'll need to do is schedule ahead, or pick up any available block of time that suits your schedule.
You can build your own schedule, and you'll make $18 to $25 per hour, depending on how long you take to deliver the items.
Of course, Amazon only has warehouses in certain areas. So if your area isn't covered, you'll need to signup now, and wait for Amazon to contact you when your area becomes available.
5. Deliver fast food
Fast food joints always need delivery drivers, and this is a great little side hustle that you can start in the evening after work.
Start by visiting local takeaways to see if they're looking for delivery drivers. It's likely that the position will already be taken, so check out app-based food delivery companies like Uber eats.
People find their favourite restaurants on the Uber eats app and place an order, and if you're active, you'll receive a notification to pickup the food and deliver it to the customer.
You'll get paid within 2-3 days, and you could earn between $8 – $12 per hour after factoring in vehicle expenses.
Obviously, busier times of the day will give you the potential to make more money. So if you have no other commitments, try to work as much as you can around the lunch and dinner rushes to maximize your earnings.
Uber eats is only available in certain areas, so if your area isn't covered then another great option is Door Dash.
Door dash may be more appealing to some people, as you're guaranteed to earn a minimum of $10 per hour every time you're active, even if there aren't many deliveries to make.
6. Ridesharing for money
Uber is by far the most popular way to start ridesharing, and it's really easy to get started. If you've never heard of Uber, it basically lets you make money with your car by starting your own taxicab-like transportation service.
Uber covers a massive 58 countries, so it's likely that you'll be able to start driving for Uber, but you will need to meet their requirements.
- You must me over the age of 21
- Your car must be no older than 10 years
- Your car must have 4 doors
- You must have a social security number
- You must have a smartphone as you'll need to use the Uber app
- You must be licensed to drive in the US for at least one year, or three years if you’re under age 23
- In-state insurance policy in your name
- In-state driver’s license
- In-state license plates with current registration
- You'll need to pass a background, and driving record check
Uber is a great way to get started with ridesharing, but there are lots of other options.
Lyft is Uber's biggest competitor, and they operate throughout the US and Canada.
Ola is another of Uber's main competitors outside of the US, and if you're in the UK then this may be a great option for you.
The amount of money that you can make ridesharing will vary considerably, and the most money will be made if you offer your services during busy times, and rush hours.
You're trips will take longer during these times, and you're getting paid by the minute as well as the mile, so you'll obviously earn a lot more.
7. House moves
When you don't own a vehicle, moving house can be super difficult. There are many people in this position, especially those who live in the city where they don't normally need a car.
You'd be surprised at what you can fit in a car. We've moved sofas, wardrobes, and even beds with an average sized car, so don't be put off by thinking your car isn't big enough.
If you have access to a van, even better! But it certainly isn't essential.
Advertise your services on social media sites like local Facebook pages and wanted groups. You can put an ad on Craigslist for a bigger reach, and you can even sell "man with a van" services on eBay!
Ask people to send you their requirements for a quote, or charge by the hour. If you want to make even more money with this, you can also become a driver for companies like GoShare.
With GoShare, you'll get a project alert whenever a customer in your area requests a driver. The work you'll do can vary from delivering items, to full house moves, but you only accept the jobs you feel you can complete.
You can work on your own schedule, and as much or as little as you like, so this is a great choice for those who already work full or part-time.
8. Rent out your parking space
This is a bit of an indirect way to make money with your car, but if you have a driveway, when your car isn't parked in it, you can rent it out to others.
This is great if you live in a busy area that lacks parking spaces, or an area where parking is expensive.
It's really easy to start making money from your parking space. All you need to do is list your space on your chosen site, and wait for somebody to reserve it at a time when it's not being used. When they pay through the site, you'll get paid too. Simple!
9. Drive safe to earn and save money
Many insurance companies will give drivers a discount for driving safely. These companies will fit a tracker or a telematics box to your car, to measure the speeds you're driving at, and to check your cornering, and braking.
This is also known as black box insurance.
If the insurance company is happy with the way you drive, you'll either get a discount on your policy, or you could even get sent some money in the post!
Some insurance companies will also give you a discount for installing a dash cam. If you can get a cheap dash cam, you could save money on your policy every single year.
10. Driving kids to school
School start and finish times are usually similar to the general work timetable, and many parents struggle to fit the school run in around their day jobs.
Hop Skip Drive provides a solution for busy parents, and anybody can apply to become a driver. They promise that you will make a guaranteed $1000 in your first month; but as you would imagine, the requirements are very stringent.
You'll need to complete an in person interview, and pass a 15-point driver certification process, which includes a full background check. You'll also need to provide your fingerprints, and carry sophisticated technology that tracks and monitors every ride.
This puts parents minds at ease, and ensures that only the safest of drivers are hired for the job.
Don't be put off if your schedule doesn't allow you to work during school hours, because you can do more than just school runs.
Parents need their kids to be driven to and from summer camps, daycare and nursery, after school clubs, and lots more.
11. Fill your empty seats
When you drive to work, it's just you in a car with a bunch of empty seats. This is also the case for others who work at your place of work. So why not ask your colleagues if they would like to fill your empty seats, and leave their car at home?
If they live along your route, it won't add any extra miles to your trip, and at the same time you'll have some company for your boring drive.
If you ask for a small amount of money from each person, they'll save money on the amount of fuel they would normally have to buy, and you'll make money to help pay for yours.
You won't make much money doing this, but it may cover your fuel costs if you fill every seat in your car.
Go and make money with your car today!
These awesome ways to make money with your car will get you off to a great start, and will let you earn back the precious money that you loose just by owning a vehicle.
Your not limited to just one of these ideas, if you love driving, why not try all of them before settling on your favourite?
If you like the idea of making money in your spare time, then you'll love the ideas in THIS POST.
Enjoy making money with your car!