If you have access to a fairly reliable car and have some time to spare. Bingo! You found yourself a quick and effective way to make money.
Many companies pay you just for owning a car and renting it out so they can use it. Some pay you to drive them, and some even pay you to use them for their requirements.
The best part? You can make up to $5,000 a month.
But, some high-paying opportunities do demand a significant amount of driving on your end. If you enjoy driving or spending time in your car, you might as well get paid for it.
However, some companies even offer passive income opportunities to make money with your car if you don’t want to stamp extra miles.
You can easily monetise this opportunity to earn some extra cash and cover your car expenses at the least.
Read on to find out ways you can use to make money with your car.
Did you know Uber drivers can make up to $50,000 a year?
Consider this – driving around in the buzz of New York City will fetch you more money than in a random suburb on a Sunday afternoon. This happens due to the increased demand of Uber drivers.
Ridesharing requires you to give rides to people from their pickup point to their destination, just like a local taxi driver. The only difference is that you will receive the ride invitations and major proceeds from the app itself.
Depending on your locality, you can register on any rideshare app.
- Uber: Registering on Uber is fairly simple
- You must be at least 21 years of age
- Carry a valid US license
- Minimum one year of driving experience
- Clean driving and criminal record
- The vehicle can be four doored and newer than 15 years.
Uber drivers are generally paid per mile driven or per hour basis.
- Lyft: A major competitor in the market known to be more beneficial to drivers as tipping is customary.
- You must be 21 years or older
- Pass the driving test
- Clean driving record
- Have a 4-door vehicle
Though the requirements for rideshare drivers are the same everywhere, they might differ in some states. So, make sure that your vehicle fulfils all the requirements.
Become A Food Delivery Partner
Being a food delivery partner is similar to being a rideshare driver, just without strangers.
If delivering food through ordering apps is something you can do, then this might be the best opportunity for you.
You can easily make up to up to $25 an hour, along with tips and other benefits. But, this pay can increase if you consider working shifts during lunch hour or dinnertime when the demand is usually high.
Everyone wants food to be delivered to their doorstep, indicating a high demand for food delivery drivers.
Even college students can register as delivery partners and work 15-20 hours a week to earn extra money.
The most popular apps are:
- Uber Eats: Brought to you by Uber, it’s a service where you will be driving food instead of people. The requirements are:
- At least 19 years old
- Have a valid driver’s license
- A reasonably reliable car (works for bikes and scooters)
- One year of experience
- DoorDash: Another popular delivery service which requires:
- At least 18 years old
- Need to pass a background check
- Any car, scooter or bicycle
The plus point is that you will be guaranteed a minimum of $10 per hour even if the business is slow, and you get to keep 100% of your tips!
Make Your Car A Moving Billboard
Driving to your workplace every day adds to your cost but wrapping your car in an advertisement gets you paid in return!
You don’t need to drive extra miles around the city. Instead, you will be paid for your regular driving.
It is one of the best ways to earn passive income.
Your car will be a moving billboard whether you attach a small ad on your windows or wrap your whole car with advertisements.
The cash you earn depends on the size of the car and the number of hours you drive each day. A full wrap will be most lucrative (almost $400 a month), but even smaller ads can get you over $50 a month.
They do have certain requirements:
- Minimum number of hours driven per day
- Clean record
- A car that passes their quality check
Rent Out Your Car
If you own a car but don’t use it often, Airbnb it! You can easily make $1100 a month just by renting it out.
A few car-sharing services are available in the market. They utilise these vehicles for sightseeing, business travel, events, photoshoots or other transport services.
It does have some downsides, like a potential risk of damage by strangers and extra miles stamped to your meter. But such companies do provide you with additional insurance coverage for the same.
This service is most popular among people who buy a new car and rent out the older one to earn some extra cash.
- Turo: List your car for free and become a vehicle host.
- Pass a vehicle inspection
- Clear background check
- Eligible car
The plus point is that you’re covered with $750,000 in insurance for any damage from travellers.
- Getaround: Another company where you can list your vehicle for free.
- Car must be 2005 or newer
- Less than 125,000 miles on the meter
- Eligible 4-wheel car
List As A Carrier For Amazon
Amazon pays you to deliver packages to its customers with Amazon Flex.
You can make up to $18-$25 per hour delivering packages every day.
Once you register on the Amazon Flex app as a delivery driver, you can set your availability block. All you need to do is reach the warehouse in the time frame, scan and load your package and deliver it to its destination.
The app even has a GPS to guide you to the delivery location.
You need to have:
- A valid driver’s license
- An eligible and reliable car
- Clear a background check
- Must be at least 21 years old
Help People Move
Your car’s empty trunk and backseat can be put to great use for helping people haul large furniture and other objects.
Registering with dedicated apps gets you paid for your physical labour as well as help you make money with your car. You can make up to $20-$50 an hour, depending on what kind of services you offer.
Apps like TaskRabbit allow customers to hire you for specific or combined tasks.
Now you don’t always need cargo vans or SUVs to help people haul stuff.
GoShare is an app that allows you to sign up even with smaller vehicles. However, Dolly, another app, allows only users with a pickup truck or van capable of lifting heavy loads to register as a user.
Register For A Shuttle Service
You can work for transportation services like HopSkipDrive, which is a shuttle service for children.
Being a care driver pays you roughly $40 an hour plus bonuses. You can also enrol for nannying, babysitting, and driving to increase your pay scale.
The app allows you to set your schedule even seven days in advance. To qualify, you should:
- Be at least 23 years of age
- Have childcare experience of 5 years
Start A Pet Transport Service
If you are an animal lover, then you can make money with your car by offering to transport pets.
Your jobs can include taking the pets to the vet, breeders, and trainers or simply driving them back and forth from a pet care clinic.
The earnings vary depending on the number of services you offer. Pet care facilities are generally located far from the customers, so they are willing to pay an extra price for that distance.
Enrol As A Grocery Shopper
Another side hustle you can go for is to sign up as a grocery shopper.
Picking up people’s groceries from the store and driving it to their homes can fetch you $20 every hour.
You can sign up on apps like :
- Shipt: With Shipt, you are paid on an hourly basis. Once you receive an order request through the app, you shop for it, load it in your vehicle and deliver it to the destination.
Shipt often offers one-hour delivery, so you must ensure that the order reaches within the stipulated time.
- Instamart: This service also allows you to become a personal shopper for someone or an in-store shopper. You help them get home with their groceries and get paid for your services.
Assist The Seniors And Disabled
If you have a wheelchair-accessible vehicle like an attached ramp, you can assist senior citizens or people with disabilities in their regular commute.
You can look for people in your neighbourhood or at a nearby clinic who are willing to pay you for your services.
Their medical conditions or circumstances restrict them from using public transport, and assisting them would get you easy extra cash.
When it comes to making money with your car, there are innumerable ways to monetise opportunities coming your way. Owning a car is possibly one of the most lucrative assets you can have, among others.
Take advantage of the opportunity you have with you and capitalise in the best possible to earn some extra money. This would, at the least, help you cover your insurance and maintenance expenses to break even.
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A startup enthusiast, optimist and full time learner. With keen interest in finance and management, Khushi believes communication to be the key to every management. Always ready to explore more and walking that extra mile in putting efforts.