How to earn extra money with your car
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If you are looking to earn some extra income, why not do it with something that you use every day? Your car can be a giant cash cow, especially if it’s fuel efficient. Countless people earn full-time income just by driving their cars alone, and so can you. If you are a good driver, this can be a spectacular side activity for you. Let’s talk about a few ways for you to earn extra cash with your car.
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Ridesharing apps like Uber and Lyft have become incredibly popular these days, and for good reason. After a simple signup process, you can start picking up and depositing customers to earn cash instantly. It really doesn’t get any easier than that. To register, you will need to pass a background check and have your driving record reviewed. It’s about ensuring the safety of passengers.
In addition, you will need to meet the minimum vehicle age and quality standards, which means you cannot drive just any car, especially a broken down car. Unfortunately, you will have to pay for all of your vehicle’s day-to-day expenses, including gasoline, repairs, maintenance, and insurance. It would be a dream if working for a rideshare app meant that all of your car expenses were taken care of.
Of course, the company you sign up with will take a portion of your earnings, but the amount varies by application. It’s a good idea to check how much commission each rideshare app takes before committing to one. This way you will know which app to prioritize, which one takes the lowest commission. The best part of being a ride-sharing driver is being able to work on your own schedule. You can drive as much as you want in addition to your job. If you are bored overnight and want to earn some extra cash, jump on the app and start driving! Always be sure to take all necessary precautions when dealing with strangers in your car and follow the rules carefully.
If you don’t like the idea of having strangers in your car, you can become a delivery driver instead. There are many different delivery drivers out there, including food and grocery delivery, parcel delivery, and other delivery services. Check what type of delivery services are available in your area and see if that interests you.
For food delivery, you can sign up on popular apps like Uber Eats, DoorDash, and Grubhub. These apps follow many of the same protocols as rideshare apps, but they can vary. For example, DoorDash requires that you be at least 18 years old and have a valid driver’s license to register. However, there are no minimum vehicle requirements, so you can deliver food on a scooter or bicycle if you wish. You must also pass a background check and have a clean driving record.
UberEats, on the other hand, may require you to be 18-21 and over, depending on where you live. You must also have a valid driver’s license, but you must meet their minimum vehicle requirements this time around. This means having at least a year of driving experience and a car that runs well and is not too old.
Other delivery services such as Instacart, Shipt, and Amazon Flex might be a bit different. Instacart, for example, requires you to be able to lift up to 40 pounds. This helps ensure that you can reliably pick up your customers’ groceries and deliver it to their doorstep. Shipt is similar to Instacart, but instead of working only with the grocery store, you’ll pick up and deliver housewares, pet supplies, and other retail items.
As you can see, delivery services can vary, so you’ll want to dig deeper into each one to see which ones are best for you. Go through all of the terms and conditions to find out what to expect, including salary, hours, rules, and other policies.
If you didn’t know, leasing your car can be very profitable! This can be the ideal choice for those who do not use their vehicles often. Of course, leasing your vehicle means you won’t be able to drive it. If you don’t have other means of transportation to get to the places you need to go, renting might not be for you.
Travelers and those who don’t own cars are heading to car rental apps because they are usually cheaper than dealerships so there is a lot of business to be done. Apps like Turo and Getaround are great options to consider, and the process is exactly what you’d expect.
For Turo, simply sign up with your licensed and insured vehicle that is less than 12 years old. The app will then help you determine the price customers should rent your car, but you can manually set it yourself. There is a calculator you can use to get a good idea of how much you’ll earn, and it can vary depending on where your car is located. There are other options, such as forgoing protection for your vehicle and purchasing your own rental insurance policies to earn more money, but it’s entirely up to you.
Getaround is similar to Turo, except that they focus on connecting new vehicles with drivers who only need to rent cars for a short time, such as a few hours or a few days. As always, read the terms and conditions and compare the different options between apps to see which ones work best for you.
We wanted to include advertising as another option, but this is generally not wanted. By wrapping your car in advertisements, you can earn extra money while driving, but there are certain requirements. For example, Carvertise requires that your car be no more than 10 years old and that you have a clean driving record. Your car’s paint should be new and you should be driving at least 30 miles a day, which can be a lot. There are many concerns about automotive advertising companies, some of which can be shady (Carvertise is a reputable company). It’s up to you to decide if this is something you want to do.