A car is an expensive liability for most people. It isn’t just the cost of owning one, but also the cost of maintaining it, repairing it, and paying for gas.
But you know what, you can use your car as an asset. ( An asset being something that can be used to generate income.)
YES! it’s possible. In fact, this article going to show you ways to make money with your car. You don’t need any special skills or qualifications. All you need is a car and a driving license.
So let’s begin…
1. Deliver Food & Groceries ($14 – $21 per hour)
You may have heard about services like Uber Eats and GrubHub. These companies connect customers who want food delivered with local restaurants. The customer pays the restaurant directly through these apps.
There are so many platforms like Uber Eats where you can become a driver and deliver food/groceries to make money with your car.
DoorDash is one of the most popular food delivery services you can join to earn money by delivering food. With this, you’ll make $14/hour plus tips, and even earn up to $21 per hour. Plus, you’ll get paid every week and you won’t ever have to wait around for shifts to open up.
Alternatives to DoorDash: Uber Eats, Postmates, and GrubHub.
Similarly, if you want to deliver groceries, you can become a shopper at InstaCart or Shipt. Once you become a qualified driver at InstaCart/Shipt, you will start receiving shopping lists from customers to shop and deliver the groceries to the consumer’s doorsteps.
As a shopper at InstaCart, you can make $10 to $25 an hour depending on how many shopping requests you receive every day.
2. Rent Your Car (Make $1200 Per Month Passively)
If you barely use your car, then renting it out could be a great way to earn extra cash. There are many websites where you can rent your car for short-term periods.
The best thing is that you can earn money quite passively, as you are not actually involved in the process. All you need to do is find a website that will allow you to list your car for rent. Then, when someone rents your car, they pay you accordingly.
Here are two websites where you can start your car-sharing or renting business.
Turo: With over $1.8 Billion in host earnings, 2.3 Million active guests, and 250K+ active vehicles in 9.5K+ cities, it is one of the largest car-sharing marketplaces where you can become a host to list your car and earn up to $19,112 per year passively.
In fact, according to Turo, “You can earn an average of £442 per month sharing your car whenever you’re not using it, Turo is the world’s largest car-sharing marketplace.”
You can even scale your car-sharing business by renting more than one car. Literally, there is nothing to lose, in fact, you’re covered with $20M+ in liability protection from damage.
To get started, you just need to sign up with Turo to become a Host. Once you submit your application, they’ll check your profile and see whether or not you are qualified to host and eligible to share your car.
Getaround is also a great alternative to Turo. You can learn more about Getaround here.
3. Place an Advertisement on your car ($100 – $1500/month)
Another good way to earn money with your car is by running banner ads on your vehicle. This works well if you have a nice-looking car. If you want to run these ads, all you need to do is sell small ad space on your car. The most popular place to advertise is on the back window of your car.
You can choose from several companies who offer this service. A few of these services are Carvertise and Wrapify.
Wrapify connects you with potential advertising partners through its app-based platform. After signing up and downloading the application, the company tracks where you go for a few days. Then it matches you up with campaigns for local or national brands, and partially or fully wraps your vehicle. You might be able to make up to $100 – $450 a month depending on your vehicle, where you live, and how much of it is not visible to others.
If you choose to drive with Carvertise, you can place ads on your car and make $100 – $1500 per month.
4. Drive People to Their Destination ($13 – $30 per hour)
If you consider yourself a good driver and the kind of extrovert who love meeting new people while driving, then you can join Uber or Lyft and start making money driving people to their desired location.
These companies have thousands of drivers who drive passengers around town. You can sign up on these sites by completing a simple application form. Once approved, you will be able to pick up customers using your own car.
However, if you don’t want to drive like this, you can become a driver at HopSkipDrive. It’s a reliable school transportation solution for kids that’ll pay you up to $40 per hour. Here you need to deal with kids. It means you’ll need to be patient, kind, flexible, and responsible.
To become a Car Driver at HopSkipDrive, you need to have…
- 5 years of caregiving experience
- You must be at least 23 years old
- Good driving record
- Multi-agency background check, including fingerprinting
5. Move heavy objects
If you own a pickup truck, SUV, or van, you might want to consider putting it to use. A lot of people are looking for someone to help them transport large items that don’t easily fit into their cars. This could include moving furniture, appliances, pianos, etc.
If you’re not already registered with a tasking site like Uber, TaskRabbit is probably a better choice. It allows you to earn money by doing tasks for others.
6. Become an Amazon flex Delivery driver
The Amazon Flex program was launched to allow people to sign up and become “delivery partners” for Amazon. As a flex driver, you can choose to work during off-peak times, such as evenings and weekends, or during peak times, like lunchtime and dinner rush hour.
According to the company, Flex drivers can earn $14 – $18 per hour plus tips, and they must pass background checks and drug tests. (*Actual earnings will depend on your location, any tips you receive, how long it takes you to complete your deliveries, and other factors.)
Conclusion
Owning a car isn’t like buying a house where you can rent out rooms or flip properties. A car depreciates every single day you don’t use it. And unlike a home, there’s no equity to tap into.
So what can you do? Consider using your car as an asset to make extra income. You could lease it out on sites like Turo or Getaround, place Ads on your car, offer rides through Uber or Lyft, or even become a delivery driver for services like DoorDash.
But before you get too excited, know that while these options may be easy enough to start making money right away, they won’t last long if you want to continue earning money down the road.
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