If you own a car and looking out to make some money from it then I can tell you 10 different ways to do that.
It is wise to make best use of your car for something more than just being used for a personal transport or just being sitting in the garage doing nothing.
It really does not matter what type of car you got, you can make money with it irrespective of the car you own. However bigger the car the better it is.
If you have time then you personally can do it or else give to someone else. You earn both ways.
10 Ways to Make Money with your Car
You can make money with your car or any 4 wheeler. Here are the 10 ways you can try-
1. Get Paid to Drive your Car with Uber
With UBER you can earn as much as you can depending upon the city you live in. It just takes less than 3 minutes to sign up with UBER and get started.
The best part is, you are your own boss and set your own working hours without having any issues with the company.
You choose your way! Whether you want to make money from rides or delivering items, it totally depends on you.
On average you can earn anything between $1500 and $2000 per week depending on how much effort you’re willing to put in.
If you live in first tier cities like New York, LA, San Francisco, Chicago then an UBER driver can easily earn up to $35 an hour. In fact there are drivers who are making more than 6 figure income yearly just driving their car for UBER.
You also make extra bonus for first few number of trips you complete.
In New York City you Earn $1150 for your first 150 trips
For DC it is $2800 for 400 trips
LA $2100 for first 200 trips
Chicago $2300 for first 200 trips
SF $2500 for the same
To make maximum out of it you can choose to work only at peak hours. It is because at peak hours riders are willing to pay 2 times to 3 times more for each fare.
UBER does not charge anything extra for peak hours. Usually, UBER charges 25% commission on each ride plus 1% – 3% for booking fees.
The best working hours where you can make the most are
So drive only at these hours and spend rest of the time doing some other job.
If you own a high end car like Mercedes or BMW then you can make even more from each ride.
If you don’t like sharing a ride then you can also make money through delivering goods. UBER does allow this.
2. Start Giving Driving Lessons
If you are too busy and can’t become an Uber cab driver then you can start giving driving lessons.
You can open a small driving school where you can teach new recruits how to drive. You can start with just one car, as your business grows you can buy few more.
You can teach on weekends if you like. You need the license and a little bit of advertisement to get customers.
You make good cash.
3. Car Wrapping: Run Advertisements on Your Car
You obviously have seen cars and buses wrapped around advertisements.
You have to stick posters of the companies on your car you are promoting for. Your car will show ads by placing a poster on the rear window or whole body of the car.
The full wraps can even pay you up to $500 a month. However rear window wraps pays you just over $75.
If your driving route is extraordinary that generates a lot of business then you will definitely be paid more.
You join a company online and wait for a sponsor to come by. Once you get a sponsor you will approve the visual design of the poster and stick it onto the car.
The ad will stay on your vehicle for 1 to 2 years as per contract. You get paid through PayPal, bank transfer or checks.
4. Rent or Lease Out Your Car to another Driver
This is one of the best options if you don’t want to drive personally.
Just give your car to someone who you know and trust. He will use the car and pay you a rent on daily basis.
If he/she wants to make money driving a car as taxi and doesn’t own one (or not want to rent from UBER) then you can rent out your car to him/her.
You can rent your car for $15 to $25 per day depending upon the type of car you own. For high end cars rental is more and for low end it is less.
The person you rented will pay you this amount every day. You can also lease out your car for a year and get money lump sum.
You can literally make money sitting in your home.
5. Delivering Groceries and Food Items
You can offer services like running errands and other home deliveries in your area. Errands like groceries, vegetables, milk etc can be done using your car.
You don’t have to do yourself. Instead, you can hire a driver. You get paid for every delivery you complete.
You can also tie up with various food chains like McDonald’s, pizza Hut and other restaurants to deliver food items and related supplies in bulk quantity on daily basis.
6. Ride Sharing or Car Pooling
This is nothing new and you already know it. People have to commute to their offices and you can offer your car and charge a fee.
Similarly you can also transport school children every morning and evening and make good money.
The best part is you can do it on part time basis because you have to carry them only in morning and evening, in between you are totally free.
7. Transporting and Shipping Goods
If you don’t like to run errands or home delivery then you can use your car to carry parcels.
You can deliver Amazon packages through its program called AmazonFlex. If you live in one of the operating city then you can easily earn $25 per hour delivering various packages door to door.
Moreover you can also deliver items from airports to the offices of the courier company you are currently working with.
It is not necessary that you have to drive the car as you can always hire a driver. You will be paid for every delivery you make based upon the weight you carry.
8. Tourist’s Guide and Sightseeing Tours
If you don’t like cab services then there is another option. Use your car for sightseeing tours. You will take your customers on a sightseeing tour around the city.
You have to know about the city and have a decent communication skill. Here you will get high end visitors who are willing to pay you more.
They will book your car for a day or two. Especially if you have a high end car like a BMW or Mercedes then it is even better.
9. Food Truck
If you own a minivan or a MUV (multi utility vehicle) or even a recreational vehicle then you can use it to earn some money.
Instead of sitting in garage all the time you can rent it out to someone who is into food truck business. I know there is a problem with food truck because you may not be into cooking and catering.
But the great thing is you don’t have to cook the food as you just have to rent your car to someone who can use it as a food truck.
10. Sell Your Car
Finally you can downgrade your car and sell it at a best price.
You get the lump sum amount after you sell your car. You can use that money and invest into something new that you always wanted to.
Especially if you rarely drive then this is the best option for you.
You can sell your car through your contacts or by placing free ads on classified sites like Craigslist, and eBay.
Whether you want to get paid to drive car or use other options, you can definitely make some extra cash with your car.