Short on cash? Well, if you have a car, you can use it to make some cash when you’re between jobs. You probably already know of the more popular ways to earn extra cash with your car like signing up as an Uber driver. But do you know how much money you could make on the side as an Uber driver? Or, if you’d rather not drive strangers around, do you know other ways you can make money with your car?
In this article, we’ve covered a few ways you can make extra cash from your car.
- Make Your Car a Moving Billboard
There are companies that will pay you to warp your car in advertisement. Of course this is only a good idea if you are not completely attached to how your car looks. According to Forbes, you could potentially make up to £600 a month by simply turning your car into a moving billboard. The amount of money you make will depend on the service you choose to advertise, the size of your car, where you live and how much you are willing to drive around.
- Rent it Out
If you don’t plan on using your car for a while, you should consider renting it out. There are sites like Turo and Getaround that allow you to temporarily lend someone your car. Your car could even end up appearing in a movie. As for the amount of money you can expect to make renting out your car, Getaround estimates that you could make up to £10,000 a year.
Of course you have better chance to earn more if you have a specialty or very old vehicle.
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- Sign Up for a Delivery Service
With sites like Postmates, Doordash and TaskRabbit, you can easily sign up and accept jobs to deliver items or even foods in your local area. Although these are freelancing sites and the total amount you could make very month can’t be calculated easily, they offer you a great way to make extra cash. And, the good news is; the more you deliver the more you make.
- Consider Signing up as an Uber or Lyft Driver
It is the more obvious choice when looking for ways to make money with your car and with good reason. On average, a Lyft driver can make up to £35 an hour and an Uber driver more than half that. If you live in a big, city that can translate to a lot of extra cash every year.
- Offer Driving Lessons
This one is really only possible if you have the car and a lot of time on your hands. It also requires a lot of patience since you will mostly be dealing with young, inexperienced drivers who will most likely drive you up a wall. You may also need a permit, insurance and your vehicle will need to be adjusted to become safer for young drivers.