Easy ways you can make money from your car
Whether you’ve recently purchased a car or have been driving for years, you’ll understand that driving every day can be costly. Expenses can quickly add up, to the point that you may contemplate selling your car. There are, however, ways for your car to help pay for itself. We live in a time where anybody who has the opportunity to earn a little additional cash jumps at it. With COVID-19 putting a financial strain on everyone, the opportunity to earn some extra cash is even more appealing. But how can you profit from your car?
Photo by Michael Heuser on Unsplash
Clear out your garage
If you’re like a lot of petrolheads, you probably have a garage full of cars you’ve picked up for cheap or inherited from friends and relatives. Why don’t you have a clear out? Are there any vehicles that you’re unlikely to ever drive again? Consider selling your vehicles to a towing service. On the positive side, you’ll have more space in your garage to rent out or use for future cars!
Rent out your car
Why not rent out your car while it’s not in use, if it’s solely used for commuting to work and dropping the kids off at school? You can easily publish your price, pick-up location, and availability of your vehicle on platforms like Turo. Check with your insurance company first, as doing so may void your policy in some situations. This is because if the other driver gets into an accident your policy may not cover them.
You may also consider speaking to the best lawyer for car accident cases even when you do find the right cover for renting out your car. Even though it may not be you driving, you need to make sure you’re not liable for paying any repairs.
Alternatively, if you have a large garage or parking lot, you may rent out a parking place for year-round income.
Consider putting adverts on your car
Adverts plastered all over your car may not be your cup of tea, but it’s an extremely simple way to earn some additional income while simply driving your car! Car Quids, for example, will let you choose whatever brands you want on your vehicle, send you the advertisements, and all you have to do is drive about as usual (and, of course, watch the money roll in). You could make up to £100 each month if you work hard enough!
Courier work
If you have some spare time and enjoy driving, courier work could be the right fit for you. Companies such as Amazon pay regular drivers to help in the delivery of products to happy customers. All you’ll need is a running car with a valid M.O.T. and some spare time to go driving!
Carpool to work
Finally, choosing to car share on your commute to work is a terrific opportunity to earn some additional cash using your car. Instead of taking congested buses and trains, invite a colleague to join you on your commute in exchange for a small fee. You’re saving money even if it just covers your fuel expenditures!
