Most people consider their car to be an additional cost to their current expenses. However, what most people don’t take into consideration is that they can turn this around and use their car for an extra income stream. Use it to create cash and you could let the car pay for itself, and you can even turn a profit.
We’ve put together a list of 11 different tasks you can do to make some extra money with your car. The great thing is that most of these can be done part-time. See one that’s not on the list and should be? Let us know in the comments below.
1. Turn Your Car into a Professional Cab Service
Once you’ve mastered the above, you can consider turning your car into a professional cab service. This has never been easier because of services like Uber and Lyft. It doesn’t require much effort to become a registered driver for these services. If you live in a bigger city, you’ll have no problems finding people who want to ride with you.
You can potentially make a few hundred dollars every month, depending on how often you make yourself available. There are even stories of drivers turning their Uber exploits into a career, earning close to $6,000 in one month off of 3 of these services. Just remember that some cities and states have tightened regulations on car-sharing services, so you may have to conform to further checks to qualify.
2. Become a Driving Billboard
If you don’t mind wrapping your car up in the colors of a corporation, you can turn your car into a moving billboard. Companies like Wrapify are allowing drivers to advertise on behalf of companies.
You don’t have to adjust your schedule to make hundreds of dollars every month. You’re paid by the mile, so if your daily commute to work is significant you can essentially refund your travel costs through doing next to nothing.
When you register with these companies you have total control over the advertisements you accept. You don’t have to take on a project if you don’t feel comfortable advertising something. Different companies will offer different rates for advertising, so it’s worth shopping around.
There are also options when it comes to the type of coverage. If you don’t feel comfortable wrapping your whole car, you can opt for a partial wrap or simply a panel. The more of your vehicle you’re willing to cover, and the larger the vehicle, the more money you can make.
With genuine advertising companies, there are no upfront costs involved.
3. Complete Surveys on the Road
We only suggest this if you’re stuck in your car and not driving or are a passenger. One of the most popular methods of earning money without much effort is to give your opinion. Companies in all sectors are desperate for the opinions of ordinary people. They help to inform their marketing decisions and design products that are going to sell. To get to that point, they’re willing to pay you for what you think.
Those who live in major cities will understand how frustrating it can be to sit in traffic on the way to and from work. You should consider taking advantage of this time by completing surveys. There are a range of different survey companies that operate online. With so many Internet hotspots, more and more people are completing paid surveys on the road.
It can take some time to get a regular stream of surveys. However, if you belong to a desired demographic you can easily make a couple of hundred dollars sitting in traffic. It’s a great use of your time if you’re not driving. Here’s a quick list of some survey sites that you can participate in:
4. Take Delivery Jobs
Many drivers taking advantage of one of their greatest assets are not deviating from their schedules. If you simply don’t have the time this is perfectly fine, but you should know that you’re not making the most of your asset. Drivers willing to move outside their comfort zones will find far greater earning opportunities. Here’s a list of jobs you can complete:
Fast food joints are always looking for reliable drivers. If you’re quick and are polite this can be a lucrative form of income. Not only will you get paid the minimum wage, but you’ll receive tips and reimbursements for a percentage of your driving miles. Here are 10 different food delivery services that you can apply for.
Grocery delivery services are growing in popularity. Only major supermarkets can enjoy a full workforce dedicated to this. Smaller stores tend to settle on workers from the local community. You could deliver groceries to people in your locality during your spare time. In fact, you can make up to $25 per hour delivering with Shipt.
Help People Make Appointments
People who don’t drive and only need a car sparingly may need help when they’re at their most vulnerable. For example, you could help the elderly make an appointment at their local hospital. You might not be working as often as standard car-sharing provider, but you’ll have a warm glow because you know you’re making a difference.
A variety of businesses need transport. See how you can serve them in your own unique way and it could even form the core of a successful new career.
5. Airport Rental Services
The US is a nation of drivers. It’s extremely difficult to get around without a car. Anyone who gets off at the airport will need some form of transportation in order to go about their business. Traditional car rental services can be incredibly expensive. This is where Turo comes in – a service dedicated to matching up ordinary people’s cars with new arrivals.
All you must do is park your car at the airport in a Turo parking space. The parking will be entirely free and your car will be washed for free. Once someone rents out your car, you’ll be paid based on a few factors. The first of these is the number of miles driven. The other factors are the car, the make, and the model. Newer cars will command higher fees.
Take note that this service isn’t yet available in every city. It’s only available in major cities like Boston, Oakland, Los Angeles, and Seattle. However, be sure to check back since they’re rapidly expanding.
This service is ideal for the person who has an extra car or who doesn’t intend on driving their car for an extended period.
6. Rent Out Classic Cars For Events
Some people happen to have special or “classic” cars that could become classics, or they’re cars that people will envy.
One option is to lease it out for special events. An old sports car could be the centerpiece for someone’s wedding. You might also want to consider offering it out to parties. It might only happen once or twice a year, but it can put hundreds of dollars in your pocket every single time.
7. For Bigger Vehicles
If your ride has some extra space in the trunk, you should think about how you can make use of that space. A van or a large truck could be rented out to help people move. Think about your local area and whether there’s a need for something like this.
For example, smaller college towns could have an army of students who need help with moving in and out every year. The town is so small that the major moving companies haven’t yet moved in. This is good news for you and could provide you with some temporary work.
To make the most of an opportunity like this, you should think about taking into consideration whether you can lift heavy objects or not. You don’t want to lose money because you accidentally dropped someone’s prized plasma screen TV, nor injure yourself.
8. Do You Live in an Area of Interest?
If you’re lucky enough to be in an area of interest, you could use your car to give out private tours. There are no laws that state you can’t offer your services as a private tour guide. If you don’t claim you’re qualified or sponsored by the community, you’re allowed to do whatever you’d like with your vehicle.
You can advertise your services practically anywhere, including on Craigslist. The key to success in this business is word of mouth. It can take months for you to build up a following that can give you plenty of work. However, it still can turn into a lucrative business. Depending on the length of the tour, it’s not uncommon to chart up to a hundred dollars per person.
For example, you could target high-end tourists. For this you would need a good car and an expert knowledge of your local area. Younger backpackers might just want someone who can show them some cool hangout spots.
Another option is to combine it with hiking or camping. Remember that many of the most beautiful spots in the US can only be reached by car, and a lot of people don’t have the knowledge to even recognize these places. A local with a car can be extremely valuable.
9. Rent Out Your Parking Spot
Some families decide to downsize from a two-car family to a one-car family. This leaves you with an extra parking spot. In big cities like New York and Boston, parking spots aren’t in abundance. Residents pay hundreds of dollars per year to maintain that spot.
An increasingly lucrative industry is to rent out these parking spots. If you live near a major area of interest, you can ask for much higher rental prices. Not only that, but renting out your space during large sporting events can be beneficial if you happen to live near a stadium or arena.
10. Donate Your Car and Save on Your Tax Bill
If you’re car is near the end of its life, you can consider donating it to charity and claim it back as a tax deduction. It’s more lucrative than simply selling an old car or scrapping it for parts. Check what the value is of your car is on sites like Kelley Blue Book and see if it’s worth it.
If your car is above the value of $5,000, you need to get an official appraisal from an independent agent. You will also have to submit the details of your car through IRS Form 8283.
Take note that you should also check second-hand car prices in your local area. You may be able to claim a bigger income than the tax deduction. Balance it out alongside your personal financial circumstances.
11. Consolidate Your Tasks
There are so many different tasks you carry out in your car every day. For example, a mother may spend the morning fighting her way through the morning rush-hour to get her children to school. A father may be responsible for taking the kids to soccer practice. These tasks all use gas and they all use time.
Step back for a moment and think about what else is going on in both scenarios. The chances are other families are doing the same. Consider charging a small amount to pick the kids up and take them to school, soccer practice, and anything else in one go.
You can cover your gas money and make a profit in the process. It won’t earn you a lot of money or anything at all, but because you perform these tasks anyways it won’t seem like an extra burden.
You don’t have to do anything particularly strenuous to claim even a small amount of money by using your car. We suggest using car ride services such as Uber to earn the highest amount of income, potentially helping you earn up to thousands per month.
Do you have any experience using your car for extra income? Let us know in the comments below. Thanks for reading and happy driving!