Four Ways to Make Money Off Your Car
Let’s talk about some ways that you can make money off your car—and no, I don’t mean creative ways of selling it. What I’m talking about are ways you can easily make money on the side. There are ways to multitask with your car and make the most out of your transportation device. Ready to buckle up? Lame jokes aside, let’s discuss the four ways you can be thrifty with your ride.
Make Money Off Your Car with Wrap Advertising
Did you know there are companies that pay you to wrap your car for advertisement? You can make a nice passive income by doing this with your car, so long as you don’t mind standing out while driving on the road. Companies like Carvertise will pay you $100 a month to advertise on your car. Sometimes they’ll pay even up to $200 a month for up to six months. They also offer $30/hour to park in specific areas. It’s easy to make money off your car in this way.
According to their site, the wrap comes off easily enough and does not damage your car. You can even use a leased car! There are other companies that have similar needs in advertising, and just by driving around you can make some money off your car to put towards debt, save, or just a little extra in your pocket for spending. It’s really not a bad gig.
Drive for Uber or Lyft
Apps are so incredibly efficient and useful these days. With companies like Uber and Lyft, you can easily sign up to be a driver and make some money off of your car on your own time. There are requirements for your car to be in working order and not totally gross on the inside. So long as you meet those requirements you can start a pretty easy side job that has all hours available. You make money off your car in this war, particularly in cities.
Just to break it down a bit more, Lyft in particular offers automatic auto insurance as you become a commercial driver. I do stress taking a look at the fine print with that to see where gaps in that coverage lie. You get paid by a per minute and mile basis, plus tips, so depending on how frequently you commit to this job will determine just how much money you make off your car.
Deliver Food, Packages, & Groceries
Similar to Lyft and Uber, you can make money off of your car by delivering not just people, but products too! Amazon Flex, Uber Eats, DoorDash, etc. are all services that rely on independent drivers to deliver packages and food. This obviates the whole people interaction thing that has to happen when you’re serving as a cab. You work your own hours for these services as well, which can make scheduling it around your full-time job so much easier.
Moving Truck Services
People pay an awful lot of money to get their furniture moved from one house to another. If you have a truck that can manage it, you have the potential to make a lot of extra money off your car by providing a moving service. This option gets a little tricky though. Big companies have insurance plans for their customers and have the luxury of being well-known and responsible. Often customers will question an independent party’s reliability, but if you are able to advertise yourself a little and write up a small contract, you could develop a nice side-business.
You can definitely make this a very lucrative way of making money off your car, but it does require more commitment than the previously listed options; however, it is also so far the quickest way to make much larger sums of money. You could certainly casually offer this service to those you know, including coworkers and neighbors as well as friends, but it might be easier to get a second part-time job if you aren’t up for the bigger task.
Don’t Spend It All In One Place!
Just be careful not to burn through these extra earnings. This article goes over 6 Ways to Budget Your Part-Time Income. It makes some good points on how to divide your earnings and be thrifty with any extra income. The whole point of making extra money is to have extra money, so make sure you don’t waste all that extra work!