Most people tend to think of cars as expenses. You have to pay for maintenance, gas, insurance, and of course for the car itself. But did you know there are a lot of ways you can actually use your car as a source of income and use it to earn extra money?
There are all different kinds of money-making options when it comes to your car, whether you’re looking for a part-time gig to get some extra spending money for the weekends, or if you’re looking to quit your boring day-job and turn your car into your new office. Here are a few different ways you can start earning money with your car.
Drive for Lyft or Uber
If you have a somewhat newer car and some free time, you can make a lot of money using your car to drive for Lyft or Uber. Both companies have different requirements for how new your car must be, and this requirement also varies by state and city, so check into that if you’re considering driving for either company. You also won’t automatically be ruled out from driving if you have a speeding ticket or other infraction on your record, so don’t rule this option out right away if that’s the case.
Your income here can vary depending on your own goals and driving availability. You can drive full-time as your main job and make your entire paycheck using your car, or you can drive part-time or whenever you have some spare time and want some spare cash. It’s so easy to register to drive with either company that you might as well do it just to have the option on standby. That way if an unexpected expense comes up, you can take some passengers and boost your income temporarily and take care of your bills, or save up for that upcoming big purchase you plan to make.
Uber even offers a delivery option you can sign up for so you can choose to take passengers around, or deliver goods in your local area.
Delivery Drive for Local Retailers and Restaurants
You can really clean up by being a delivery driver. More companies than ever are setting up delivery services, either directly with the company or through a third-party delivery service. You’ll be able to earn a set pay rate, plus tips in most cases. Check with top delivery driver hirers like local pizza joints and other popular restaurants for delivery. Don’t forget about places like florists, too.
Drive for Amazon
Amazon has expanded its delivery by hiring local people to deliver in their own local areas. Check with Amazon Flex to get started and make money part-time as your schedule allows. There may be a wait-list in your area so sign up today and you’ll get put in the line-up to deliver as soon as a spot opens up.
Rent out Your Car
If you don’t use your car all the time, consider renting it out and making some money instead of just leaving it parked in your driveway. People will pay top dollar to rent a private car on sites like Turo, especially if you have something unique from what standard car rental places typically offer.
If you have a classic car, look into renting it out. People love classic cars for weddings, to showcase in auto shows, parades, and even Hollywood movies!
Rent Out Your Space
If you have a truck, van or SUV with a decent amount of room, you can easily make some extra money by renting it out to people who only have smaller vehicles or maybe no vehicle at all. Help people move on weekends or in your free time so it won’t affect your schedule. Put an ad in the local newspaper as well as an online resource like Craigslist to reach the most people. Whether you’re helping move whole houses or just being available to help someone pick up a big piece of furniture at a store and take it to a house, you’ll be able to make money just by having a more roomy vehicle.
Don’t forget to renew your ad when it expires so that you’ll always show up for potential customers, especially around popular moving times like right before college classes start, and in the springtime.
Get a Hybrid
Spending less on gas means more money in your pocket!