Why drive to work, when you can drive for work?
A huge number of people say that owning a car can be an expensive hassle. But would the same hold true if they thought about ways their car could make money for them? It’s true, your car can be more than a money sink – you can use your car to make money.
Here are 4 ways to make money with your car.
1. Become a Gig Driver
Uber has experienced a meteoric rise over the last few years. It’s a shining example of the gig economy.
It’s not the only name out there for gig drivers, either. There are plenty of other options available for those who want to take a shot at the gig-based lifestyle.
These gig-based services have made it practical for individuals to make money by giving lifts. If you enjoy driving, this is an excellent way to make money – it can even become a full-time job.
2. Rent it Out
If you don’t use your car on a regular basis, it can turn into a large money-sink.
So why not flip that negative into a positive? Renting out your car can get it off your driveway and out there earning its keep.
There are various apps and websites out there to make renting out your car easy. Provided your insurance covers it, then it’s an easy way to make some passive income.
3. Courier Some Parcels
The rise of delivery services with super short turnaround times (we’re looking at you, Amazon) has created a high demand for couriers.
If you have a car and the ability to organize yourself, then picking up courier jobs can be a great earner. Again, you’ll need to make sure your insurance is up to scratch for this one.
If you find enough success as a courier, you might even consider upgrading to a van to increase your potential to make money driving.
4. Get a Car Title Loan
While a loan isn’t so much making money as borrowing money, car title loans are still a way to turn your car into some immediate cash flow.
Auto title loans allow you to borrow against your car. Of course, you’ll get to keep your car, so you can even continue to make money while you borrow.
A car title loan can help you overcome temporary financial problems and steer the way to calmer waters. You’ll need to keep up repayments on your loan to hold up your end of the deal, but combine it with some of these other ideas and you should be able to handle that.
Make Money With Your Car The Simple Way
These simple ideas should show you’re that there’s plenty of ways to make money with your car out there. All it takes is a little imagination and you can turn an everyday tool into something that turns you a profit.
Hit a snag and looking for a repair? Check out our repair manuals here.
