How to Make Money With Your Car (Guide)

Your car can be a valuable asset for making extra money. Whether you want to drive for a rideshare app, deliver food, rent out your car, or even advertise on your car, there are numerous opportunities to turn your car into a source of income. In this guide, we will explore various ways to make money with your car and provide you with practical tips on how to get started.

Key Takeaways:

• Earn money with your car through various side hustles and passive income opportunities.
• Consider driving for rideshare apps like Uber or Lyft to provide transportation services and make money.
• Deliver food with popular food delivery services like DoorDash, Uber Eats, or Grubhub.
• Rent out your car to rideshare or delivery drivers through platforms like Turo, Getaround, or HyreCar.
• Wrap your car with advertising and get paid for driving as a moving billboard.

Use a Rideshare App

One popular way to make money with your car is by driving for a rideshare app such as Uber or Lyft. By becoming a rideshare driver, you can earn money by providing transportation services to passengers. The convenience of using a rideshare app allows you to work on your own schedule and be your own boss.

As a rideshare driver, your earnings are directly tied to the number of rides you complete. The more rides you give, the more money you can make. The busiest times for rideshare drivers are usually weekends, nights, and morning rush hour when surge pricing is present. Surge pricing, which occurs during times of high demand, can significantly increase your rideshare income as fares are multiplied.

However, there are a few factors to consider before jumping into the world of ridesharing. The wear and tear on your vehicle are inevitable as you will be putting more miles on it. Regular maintenance and repairs should be factored into your rideshare earnings to ensure your vehicle remains in good condition.

Additionally, some cities and states require rideshare drivers to have a special type of insurance known as rideshare insurance. This type of insurance protects you and your passengers while you are driving for a rideshare app. It is important to check the regulations and requirements for your specific area before signing up as a rideshare driver.

Benefits of Using a Rideshare App

Rideshare apps offer several benefits to drivers:

• Flexible working hours that allow you to choose when and how much you want to work.
• Potential for high earning potential, especially during surge pricing.
• Easy-to-use app interface that connects you with passengers and calculates fares.
• Opportunity to meet new people and interact with a diverse range of passengers.

Did You Know? According to a survey by Ridester, the average rideshare driver in the United States earns around $14 to $15 per hour after expenses.

Rideshare App Comparison

Here is a comparison of two popular rideshare apps, Uber and Lyft:

Both Uber and Lyft offer similar earnings potential and require drivers to meet basic requirements such as having a valid driver’s license, car insurance, and a smartphone. Surge pricing is available on both platforms, allowing you to maximize your earnings during peak times.

Ultimately, the choice between Uber and Lyft depends on your personal preference, the popularity of each app in your area, and any unique features or incentives that may be available.

Work with a Food Delivery Service

If driving for strangers is not your preference, you can consider working with a food delivery service. Apps like DoorDash, Uber Eats, and Grubhub allow you to deliver food to customers. The frequency of opportunities may be higher in the evenings and weekends. It is advisable to sign up for multiple services to maximize your earnings and minimize waiting and driving times.

Working with a food delivery service provides a flexible way to earn money with your car while avoiding the need to transport passengers. You’ll have the opportunity to deliver delicious meals from restaurants to people’s homes, making their day a little bit tastier and earning money in the process.

Signing up for food delivery services is simple and straightforward. You’ll typically need to download the app, complete a registration process, and provide necessary documentation such as a valid driver’s license and proof of insurance.

“Working with food delivery services allows you to be your own boss and work on your own schedule,” says Sarah, a DoorDash driver. “I love the flexibility it offers, and the ability to earn income while exploring different neighborhoods in my city.”

The demand for food delivery services has grown rapidly in recent years, and it continues to increase. With the convenience of ordering food from the comfort of one’s home, more people are choosing this option regularly. As a delivery driver, you play a crucial role in ensuring that customers receive their meals promptly and with excellent service.

Benefits of Working with Food Delivery Services

There are several benefits to working with food delivery services:

• Flexibility: You can choose your own hours and work as much or as little as you want.
• Extra income: Food delivery can be a great way to supplement your existing income or earn money while pursuing other interests.
• Exploring new places: As a delivery driver, you’ll have the opportunity to discover new neighborhoods and local restaurants in your city.
• Meeting new people: Interacting with restaurant staff and customers can be a fun way to connect with people from different backgrounds.

To give you an idea of the earning potential with food delivery services, take a look at the table below:

As with any job, your earnings will depend on various factors such as location, the number of orders you complete, and tips from customers. It’s important to keep in mind that these figures are average hourly earnings and can vary based on individual circumstances.

If you enjoy being on the move, interacting with people, and the convenience of flexible work hours, working with a food delivery service can be an excellent opportunity to earn money with your car. Embrace the joy of delivering delicious meals while turning your car into a valuable asset!

Rent Out Your Car

If your car is not being used frequently, renting it out can be a great way to generate passive income. Platforms like Turo, Getaround, and HyreCar allow you to participate in peer-to-peer car rental, giving you the opportunity to rent your car to rideshare or delivery drivers, and potentially earn over $700 per month.

By renting out your car, you can take advantage of the growing sharing economy and make money from an underutilized asset. This type of car rental service allows drivers without a car to access a vehicle when needed, while car owners like you can earn money without doing any additional work. It’s a win-win situation!

When you rent out your car, you have the flexibility to choose when and for how long you want to rent it. Whether you prefer daily, weekly, or monthly rentals, you can set your own terms and pricing.

However, there are a few things to consider before you rent out your car. If you currently have an auto loan, it’s important to check with your lender to ensure you are allowed to rent out your car. Some lenders have restrictions on this, so it’s better to be safe than sorry.

Additionally, insurance costs may vary when renting out your car. Make sure you have the appropriate insurance coverage that protects you and your vehicle during the rental period. Platforms like Turo and Getaround offer insurance coverage options for added peace of mind.

Overall, renting out your car can be a lucrative way to earn passive income and make the most of your vehicle when it’s not in use. Take advantage of the growing popularity of peer-to-peer car rental services and start earning money from your car today!

“Renting out your car is a smart way to generate passive income and make the most of an underutilized asset.”

Top Peer-to-Peer Car Rental Platforms

*Earnings potential may vary depending on factors such as the location, type of vehicle, and demand.

Wrap Your Car with Advertising

If you’re looking for a unique way to earn money from your car, consider wrapping it with advertising. Companies like Carvertise, Nickelytics, and Wrapify provide opportunities for you to make money while driving by turning your car into a moving billboard.

By partnering with these advertising platforms, you can connect with advertisers who are seeking to promote their brands through mobile advertising. The amount of money you can earn depends on factors such as your daily commute and the size of your car, which determines the advertising space available.

Wrapping your car with advertising offers several benefits. Firstly, it allows you to generate passive income while going about your daily routine. Secondly, it provides advertisers with a unique and eye-catching way to reach their target audience. And finally, it helps offset the costs of car ownership while adding a touch of individuality to your vehicle.

So how does it work? Once you sign up with a car advertising company like Carvertise, Nickelytics, or Wrapify, you’ll be matched with suitable advertising campaigns. After your car is wrapped with the provided advertising materials, you simply drive as usual, letting the ads do the talking.

Car advertising offers a flexible and convenient way to earn money from your car without disrupting your daily routine. Plus, you have the opportunity to be part of innovative marketing campaigns and contribute to the growth of brands.

If you’re interested in turning your car into a lucrative advertising platform, explore the possibilities offered by Carvertise, Nickelytics, and Wrapify. Start earning money from your car while making a unique statement on the road!

Help Move Large Objects

If you own a pickup truck or SUV, you can turn it into a reliable tool for helping people move large objects that can’t fit in their cars. With apps like TaskRabbit, you can offer your services for specific tasks, including moving items.

By providing your physical labor and transportation services, you can earn money and help people with their moving needs. It’s a win-win situation that allows you to use your vehicle to its full potential.

Before getting started, it’s important to assess your ability to lift heavy objects and ensure that your pickup truck or SUV meets the necessary vehicle requirements for these tasks.

Consider the following benefits of using your pickup truck or SUV to help move large objects:

• You provide a valuable service to individuals who need assistance with moving.
• You can earn money with task-based jobs while leveraging the capabilities of your vehicle.
• Your pickup truck or SUV offers the necessary space and strength to transport bulky items.
• Helping people move can be a physically rewarding experience, allowing you to stay active and fit.

Whether it’s helping someone transport furniture to their new home or picking up large items from a store, your pickup truck or SUV can make the task significantly easier for both you and the person you’re helping.

“Using my pickup truck to help people move has been a great way to earn extra income. It’s satisfying to see how relieved and grateful they are when I arrive to assist them with their heavy items.” – Mark, TaskRabbit mover

Operate as a Shuttle Service

If you enjoy driving and have experience with caregiving, consider operating as a shuttle service. Companies like HopSkipDrive offer transportation services for children, providing you with an opportunity to earn money driving kids as a care driver. With HopSkipDrive, you can earn up to $40 per hour by safely transporting children to and from school, extracurricular activities, and other appointments.

In addition to driving children, you can also offer transportation services for elders through platforms like ElderCare.com. As an eldercare driver, you can provide much-needed transportation assistance to seniors, helping them maintain their independence and attend medical appointments, social events, and errands. While these opportunities may require specific qualifications and may not guarantee a consistent income, they offer a flexible way to utilize your car to make extra money while making a positive impact in your community.

By operating as a shuttle service, you have the chance to earn money while doing something you enjoy. Whether it’s driving kids or providing transportation for elders, these opportunities allow you to leverage your caregiving skills and contribute to the well-being of others while earning a competitive hourly rate. So, if you’re looking for a rewarding and flexible way to make extra money with your car, consider becoming a care driver or eldercare driver through reputable platforms like HopSkipDrive and ElderCare.com.