Are you looking for ways to make money with your car? Do you have a car in your garage you don’t often use?
You don’t have to rely on one source of income. Making extra money on the side can cut off your expenses and help you pay out your bills.
It is great you have a car! There are so many possible ways to make money with your car. Whatever your goal is, you can make a real profit from your car.
How To Make Money With Your Car
In today’s post, I have outlined the best possible ways to make money with your car.
Choose the one that suits you and take a step to make money income from your car. Make sure you stick to the end of this post, so you don’t miss out on anything.
- School Run Business With Your Car
- Airport Pickups & Drop off
- Make Money With Ridesharing Apps
- Rent Out Your Car
- Sell Your Car
5 Best Ways To Make Money With Your Car
1. Make Money With Your Car By Doing The School Run
One of the best ways to make money with your car is to do the school run. That is, picking up and dropping off school children.
Because of the pandemic, kids these days have schedules just about as hectic as their parents. Many busy parents aren’t able to work in between all these pick-up and drop-off assignments.
However, if you’re a kid-lover and are looking for ways to make money with your car, then doing the school run is on the go.
The good news is that you can earn money on the side with your car on schedules and forge relationships with the children you drive.
2. Make Money With Your Car From The Airport Runs.
Another way to make money with your car is the airport shuttle service. Unlike rideshare, the airport shuttle service transports people between the Airport and their homes, workplaces, or hotels. It is one of the lucrative businesses you have to give it a try.
Most business travelers, groups, and families like to take airport shuttle transport. Therefore, you may need a larger vehicle for this so you can accommodate luggage. Your vehicle should be generally spacious, with ample room for your passengers.
3. Drive For Ridesharing Apps.
If you like giving people a lift or driving people around is not a headache to you, consider signing up with ridesharing apps that are willing to you.
Driving with ridesharing apps and companies is one of the profitable ways to make money with your car. Becoming a ridesharing driver allows you to go in your spare time; with no stress.
You give people rides from point one to another, and they pay you through the app.
Top 3 Ridesharing Apps To Consider
Are you aware that, on average, Uber drivers make more money than taxi drivers do? According to Glassdoor figures, an Uber driver can make anywhere from $11.75 to $14.79 per hour.
Uber is the most popular ridesharing company that allows passengers to hail a ride and pay drivers after a successful trip. It is flexible; you get to set your schedule and work whenever you like.
The Lyft driving app has been around since 2012 and has more than 2million riders according to recent Lyft statistics. Lyft works similarly to Uber; passengers can request rides and pay for those rides automatically.
Drivers who have branded their car with the Lyft logo make money around $16 per hour as reported on Glassdoor.
They have a flexible payment method; they automatically deposit your earnings into your account weekly, or you can withdraw them by using the Express Pay option.
Bolt is also another ridesharing app to consider. It has been around since 2013 and has been operating in over 35 countries with more than 500,000 drivers worldwide.
4. Rent Out Your Car When It’s Not In Use
Another fortune way you can make money from your car is to rent it out. If you’ve got a car just sitting around idle, wouldn’t it be nice to put it to work and earn serious money from it?
Below are several ways to make money from your car by renting it out.
Best Places To Rent Your Car
HyreCar allows you to list your car for renting and earn money. According to HyreCar, the average car owner makes $14,000 a year renting out their vehicle through HyreCar.
Turo is one of the best-known car renting services to make money with your car. The company offers hosts up to $1million in liability coverage and protection for damage and theft.
It only takes a few minutes to list your car with Turo. Again, there are no sign-up fees; all you need is to provide a description of the car and upload some photos of it.
Another exciting company you can list your car for rent is Getaround. The only company that gives its host a $50 monthly driving credit to rent a car through the site. That is, as a host, you can use your credit to rent a larger vehicle other than yours if you have to convey too many items or luggage.
The company pays very well. According to Getaround, car owners make thousands of dollars per year sharing their cars through the platform. It is estimated that one could earn more than $800 a month renting out a car through Getaround.
Consider checking the following company to list your car for rent:
5. Sell Your Car
One last thing to acknowledge when you’re looking for ways to make money from your car is to sell them for profit.
Do you have a car or two you rarely use them? You could make profits by selling them out. Selling your old cars could also give you a chance to enter the car flipping business—the act of buying old cars at a low price and selling them for a profit.
Gideon Awuah is a digital marketer and SEO specialist with 3 years of experience in affiliate marketing. Gideon is also the founder of Youths4success.com, a blog that provides tips and tutorials on using the online presence to improve your life.