6 Ways to Make Extra Money From Your Car

Every day we use the car, and we look at our car just as a transportation means. Or some of us think it as a symbol of status or just a convenience providing a machine.  your car is not just a simple machine which will take you from one place to other or will provide you comfort. It can help you in earning money too. There are many available options by which your car will generate money for you.

But, let me remind you, there’s no easy way to earn money. A lot of hard work is required whichever way you want to make money. If you want to earn money from your car, you need to put a lot of time to do the groundwork. You need to do a lot of social networking and word of mouth advertisement. Once you do the initial groundwork, earning money from your car becomes a lot easier. The best advice is to start locally. Be it a pizza delivery, rideshare or dropping people at their destination. Try to start with local people onboard.

x(SEE ALSO – Ways to reduce your auto insurance premium)

In fact, there are so many ways you can earn money from your car. If you are entrepreneurial enough the earnings can be more than $5,000 per month.

There are tons of companies offering paid advertisements on your car. There are agencies who rent out your car parked at the airport. Don’t worry, they’ll find a renter who’ll return the car before you return from your tour to drive back home.

There are ways to get fellow rider when you embark on a long-distance journey. You’ll get a company and some handsome cash for extending the favor. One of my colleagues got his life partner from such a rideshare, the price he got for this – priceless, isn’t it?

Those ways are very simple and you will not need to take too much effort to earn money from your car.  So your car will start helping your budget and it will surely help you to maintain your economic condition in spite of rising inflation.

(Related – Save money on car rental)

Make Extra Money From Your Car

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1)   Rent out your car

You can give your car on rent, through an agency like HyreCar, GetAround, relay ride or through a personal channel. This is a comfortable way because you will not need to pay attention round the clock, kind of passive income stream it looks, like. Average rental cost is usually from $3 to $15 per hour atGetaround, 

These companies rent out your car to Uber or Lyft drivers so you typically have much longer rentals and a higher daily cost.

The Get Around service is a registry of providers and renters. You can list your car for someone to rent it out on days you have no use for the car, earning you some easy money. you can also arrange for a driver and provide a chauffeur driven service to wealthy travelers.

 2)   Taking children to school and picking up

Seriously, my friend’s wife does this. She teaches at an elementary school and on her way she picks up kids in her minivan. She earns $5 one way per child.

You will have to drop students to school, and after school, you will have to drop them at their homes. You need to be very particular about time. You have to map out your route covering all the homes which reach school in the shortest route possible. You’ll need to be arriving each home to pick up on-time, every day.

Like everything else, this method also requires you to have discipline and efficiency at work. You may lose your customers for the lack of discipline. Nobody wants their kid to be at school late. And it costly proposition for parents if their kid stays at school afterward for you being late at picking them up from school.

To go this route, ideally, you should be a parent, to earn credibility. You need some social skills and word of mouth advertisements. Start with your neighbors slowly people would turn to you for their drop off and pickup needs.

(Also Read – Buy a new car or keep the old one?)

 3)   Use it for a taxi service

You can start taxi service using your car. (or a delivery service). You’ll need a special license for that though.  your driver’s license you not do.

Taxi service pays well. Just keeping Taxi board on a top of your car will convert your car into a taxi, no further modification is needed to convert your car into a taxi. If you already have a license then you should complete further legal procedures before starting taxi service.

if you happen to live in an area which attracts tourist you can be a weekend tourist guide, I know one such person in Miami, he works as a contractor in our company. He makes good money on the weekends showing tourists the Miami attractions.

You can enlist to become a driver for services like Lyft, Uber, and RelayRides, etc.

4)    Do paid advertising

In this way, you will have to do advertising of various products or companies. You will have to put posters of that company on your car. The most preferred position to place posters in a car is on a rare window of a car which is visible to others on road most of the time compared to any other place on your car.

So by placing a poster on the rear window of the car will show ads to people. Many companies know that this kind of advertising is one of the best ways to reach to people and hence they give good money for doing such advertising.

There are sites like adzinmotion, MyFreeCar Where you can register and wait for a sponsor to pick your profile up and offer you a deal. Usually, it goes like this

1. Sign up and join
2. Fill out applications to become a driver
3. Wait for an interested sponsor to be interested in your profile
4. When chosen by a sponsor, you can approve the visual design that will go in your vehicle.
5. That vinyl graphic will be installed on your vehicle using safe material that will not harm your paint.
6. The advert will stay on your vehicle for the duration of the advertising campaign, sometimes up to 2 or 3 years.
7. Collect monthly payments via check or PayPal

You need to adhere to the terms like below.

• Be 18 years or older with no serious traffic violations or criminal record
• Must pass a background check and credit check
• Vehicle must be kept clean and free of damage, and be repaired if damage should occur
• Vehicle must be kept in great working order and driven daily
• Advert cannot be removed or tampered with

Read more on BBB site for the scams that must be aware of before trying this route.

5)    Deliver pizzas

This may require your time as well unless you have someone at home who can do it for you. Many pizza stores hire people who can deliver pizzas. Search for nearby pizza stores and apply for off-hour delivery.

Usually, this sector has year-round demand for people with vehicles. If you have time and a car you can earn $10 -$20 per hour by delivering Pizza, including tips. Watch out “now hiring” stores signs.

approach your local pizza joints, look for “hiring” notice, check if you have a few hour every day to deliver pizza. Apart from fixed payment, you get to keep the tips.

 6) Offer Driving lessons

Get a permit and start driving lessons. this again can be your weekend fun activity which could earn you extra money. This can be a sustainable business if you show results. Be a careful and safe teacher.

I would have turned in to a weekend instructor had I not have this blog. Our 2002 Hyundai Elantra can be a perfect fit for turning it into a car with two brakes on both front sides. Now that we almost never use it.

Which option do you want to choose readers? Not only your car, your parking space can also earn you money, to know about using parking space to earn money read Save money on parking cost.

So far I have only though a car as an instrument which loses value over the time. A car is needed only for personal comfort. Now I know useful ways my car be used when I am sitting at home or working in my cubicle.

At last, here’s one bonus item. When your car can’t drive anymore and no one willing to buy it, you can still earn money by selling the parts. My old Hyundai Elantra was sick and it needed a $3000 engine work, with a market value under $2,000 we decided to sell it. we got no buyer. at last, we got hold of a mechanic who sold the parts to other mechanics on a 25% commission. Still not a bad money. at the end, we got around $1,000 from the junk.

(Read – Car repairs you can do yourself to save money)

Readers, do you make your car work for money? Or, like mine, your car is just another money draining machine?