In America, over 91% of households have at least 1 car. This means it’s highly likely that you have access to one too!
As you might already know, purchasing and maintaining a vehicle isn’t cheap. Plus, you’ve got other bills to pay as well.
Are you wondering about ways to make money with your car? Then read on for 5 great ways to do so!
1. Drive for a Rideshare Company
You’ve mostly like heard of Uber and Lyft, which are huge rideshare companies. Because you make your own hours, it can be a great way to earn some extra cash while still having a day job.
However, do be aware that you usually need a newer car that’s in good shape to drive for these companies.
2. Drive for a Delivery Service
If your car isn’t in great shape and you can’t qualify for ridesharing, don’t worry, as there are other driving jobs available. For instance, you can drive for a delivery service instead!
These services have become immensely popular, especially during the pandemic. You can deliver food, groceries, gardening tools, jewelry, you name it! it’s one of the best ways to make money driving.
3. Rent Out Your Car
Does your car just sit in your driveway unused? Then why not make some money by renting it out?
We don’t mean regular leases. Instead, think Airbnb. You can let people rent your car by the day so it doesn’t sit around collecting dust.
Like with rideshare companies, these rental companies usually require that you have a newer car with a clean title. You’ll also have to be under a certain number for mileage.
4. Help People With Moves
This one will only really work if you have a bigger vehicle or are willing to make multiple trips if you have a smaller one.
In most cases, you won’t have to help people actually move either. They’ll just pay for the privilege of you driving their belongings from one place to another.
5. Get a Car Title Loan
Car title loans don’t actually make you any money, but they can certainly give you a starting point.
When you get a car title loan, you put your car title up as collateral. This enables you to get some quick cash without being subjected to a credit score check. If your credit score isn’t so good, then this can be a great solution to getting a loan.
This almost-instant cash can then help you improve and make repairs to your vehicle so you can go ahead with some of the suggestions on this list, such as drive for rideshare companies.
Use These Ways to Make Money With Your Car
Now that you have some ways to make money with your car, you can offset your expenses and put a little more money back into your bank account. So make sure you get the most out of your vehicle with our tips, as it has lots of potential for generating some extra income for you!
If you found this article on how to make money with your car helpful, then make sure you read our other blog posts too!