Are you looking for ways to earn a little extra cash? Look no further than your driveway. That’s right, we’re gonna put your car to work for you.
Cars are pretty much a modern-day necessity, unless you live in a major city with great public transportation. Nevertheless, owning a car can be extremely expensive and some days it feels more like a liability than an asset. The good news is that your car can earn extra money to pay for its associated costs. Transform your car into a money maker from the current status of money-draining machine. Below are five ways your car can provide extra income.
Rideshare services
One of the fastest growing ways to make money with your car is ridesharing services. You can make money being a driver in your free time. Sign up with an established rideshare company like Uber or Lyft and watch the fares roll in! You’ll need a valid license and insurance, which you should already have.
Delivery Services
Delivery services are in high demand. You can deliver the traditional items like newspapers, pizza, groceries, and food using your vehicle to make some income. Consider delivering morning newspapers in your area. There’s always a need for pizza delivery drivers. You can earn wages and tips, and sometimes even a free meal.
Local home delivery through the newer services like Amazon Home Delivery, Shipt and Instacart is creating a huge need for drivers, and you can work when it’s convenient for you. If you have a larger vehicle, like a van, SUV or a truck, you might consider doing package deliveries. How often do you find an amazing item only for it to not fit into your car?
Advertising
I don’t know about you, but it seems like every time I’m out and about I see a car that’s advertising something. Whether it’s an at home business, a delivery truck, or a car that’s wrapped with an ad. With the newer vinyl car wraps, your car can become a moving advertisement. Advertising is available from window decals to full car wraps, and you can earn money by simply going about your daily driving routine. There are several legitimate companies that provide this service; check online for one near you.
Rent it out
If you don’t use your car all the time, consider renting it out to make a few extra bucks. Only use your car during the weekend? Rent it out on weekdays. If you use your car during the weekdays to commute to work, consider renting it out on weekends, or during the hours you’re in your office. Perhaps someone would like to rent it for a weekend getaway.
Check out websites like EasyCarClub, Turo.com, or Hyrecar to match you with people are looking to rent a car. This is a great option if you live in a college town or big city, where someone may only need a vehicle for a short time span.
Title Loan
As long as you have a car, you can generally qualify for a title loan. A title loan is an easy and fast way of getting money but should be considered a last resort. Maybe you need money for an urgent financial need; a title loan comes in handy. The amount of money you need, the value of your car, and your ability to repay determine the size of your title loan. You can use this car title loan calculator to find out the amount you qualify for and the estimated loan repayment and interest charges. Funds will be available quickly; if you’re in a bind, this could be an option.
If you need some extra income, earn it using your vehicle! Your car doesn’t have to be a money-draining machine; you can turn it into to an income generating contributing member of the household.
