A Guide to Making Money With Your Car
Making Money On The Road: A Guide To Turning Your Car Into A Cash Cow
Your car is one of the biggest investments you’ll ever make. With it, you’ll be able to ride around town without having to pay for those costly public transportation fares. However, your car is going to continue nudging on your shoulders for other expenses which includes fuel and regular maintenance and upkeep.
Instead of making your car a property that you keep spending on, why not make it as a gift that keeps on giving? There are ways for you to make some extra cash using your car and this will go a long way especially if you are always on the road. If you partner these neat stints with a full-time job or a business, you’ll easily maximize your earning capacity. Here are some of the ways you can earn cash using your car.
Become A Driver For Ride-Hailing Apps
One of the most popular ways to make cash out of your car is by becoming a driver for ride-hailing services like Uber and Lyft. The influx of commuters and the lack of comfortable public transportation modes has put ride-hailing services on the map. If you have a lot of free time, maybe you should consider becoming a driver for some of the big names in the industry.
According to research, these drivers get around $11.48 – $15.97 per trip. While that may seem like a small sum, the earnings will ramp up with time. In a month, you can earn up to $364. In a year, you can get almost $36,525 if you are a full-time driver. However, what is great about being a ride-hailing service driver isn’t the pay, it’s the convenience. You can do this side job to your leisure and you can also pick which customers to pick up. This way, you can select the route that you are comfortable with.
Become A Food Delivery Driver
If you’re not the type to go interacting with others in your car, a great alternative to becoming a driver for Uber and Lyft is becoming a food deliverer for certain apps. Grubhub, UberEats, and DoorDash pay people to deliver food or groceries to others. It is basically like being a driver for Uber and Lyft but this time, you’ll be handling food and other goods. While you may make less from this job, you can are at least guaranteed a steady stream of orders, especially during lunch and dinner times.
Rent It Out
This might not sit well with you but you can earn a few bucks simply by renting your car to someone else for a day. You can create postings on Facebook, Craigslist or other websites to let others know that your ride can be rented out for a fee. Of course, there is the possibility that your car might get damaged, or worse, stolen.
That is why we recommend renting your car only to those you completely trust. You should also ask for ID or other documents as some form of insurance in the case that something bad happens to your car. This is something you can do on days when you’re sure that you won’t be needing your car to go somewhere.
Alternatively, you can turn to platforms like Turo or GetAround for help. These companies will direct your car to a reliable person that needs it most.
Fetching Service For Kids
This works really well especially if you have a child of your own. How it works is that other parents pay you to bring their child to and from school safely. A lot of drivers do this especially with the friends of their kids. Aside from making a few extra bucks while simply taking your kids to school, you’ll also have a fun time with your child and his friends in the car.
Become A Mobile Billboard
If you want to earn simply by going about your daily routine and not having to do anything else, then your best bet at making money with your car is by turning it into a mobile billboard. Platforms like Wrapify and Carvertise turns your car into a moving advertisement. You may have seen some examples of these cars while driving on the road and have wondered just how much the drivers make. Well, if this is right up your alley, expect to make an extra $100-300 per month depending on how big your ads are.
Tour Travelers Around Town
If you live in a tourist hotspot like Hollywood or New York, then you are in luck as the influx of tourists daily means extra money for you and your car. If you know your area well, you can start a touring business wherein you take people on a sightseeing trip right around your car. You can advertise this service on various websites. You can also let your friends know that you are involved in this niche business so that they can recommend others to you if the need arises.
Make Delivery/Escort Runs For A Huge Clientele
If you have a large circle of friends and family, then chances are they are going to need a few rides every now and then. You can use this as an opportunity to make a few bucks. For instance, if you know someone that needs to get to the airport ASAP, then you can use your car to take them to their destination for a small fee. The clientele is huge in this money making trick as anything goes. You can even bring your friend’s dogs to groomers if they are busy to do it themselves.
The amount of ways you can make money using your car is staggering. All you really need is a decent car, a little hard work, and of course a lot of perseverance. The money you’ll make out of your car might not be as much as a month’s worth of salary for a full-time job. However, you can at least get enough money for gas, maintenance and a few gifts for yourself. You’re already on the road, the least you can do is make each trip profitable.