How to Make Money With Your Car
Updated: Nov 8, 2020
There are several ways to make money with your car whether you do it actively or passively. The key is finding the right legitimate companies that pay you for something you already use or even don't use.
So stick around and find out the different ways you can use your vehicle as a cash cow.
The companies Uber and Lyft are pretty much synonymous with ride sharing when it comes to people earning money by utilizing vehicles in the gig economy.
Although I will touch upon driving for such companies, the bulk of this article are the other ways to make money with your car that most people either haven't heard of or they never knew which legitimate companies to contact to earn money with their car.
Let's get ride sharing out of the way first to build on momentum for the drum roll moments.
Also known as the opening act.
Because let's face it, we already know about Uber and yada, yada, yada, Uber this and that.
So I get it, you are here to see the main act.
Whoever they are.
Because at this point you don't even know what I'm talking about.
That's the beauty of me writing and you reading.
It's a mystery.
Now judging from statistics Uber isn't that lucrative as an income and I don't think it's really worth going through all that hassle when the average Uber driver only makes $364 per month and only 2% earn $1,500 to $1,999 a month.
Most likely this depends on where you live.
But this statistics of course is based on driving people to and from destinations. This doesn't include driving for Uber Eats.
In fact, Uber Eats delivery business is now bigger than the Uber ride-haling service under these current conditions.
Although Uber Eats drivers earn around $8 to $12 per hour after accounting for vehicle expenses, those in the know, know how to earn $1000 per week driving for Uber Eats.
TIPS ON EARNING MORE FOR UBER EATS:
Work within a small radius to minimize time and gas expense. The smaller your radius, the more you can take in more deliveries.
Take advantage of surge periods (lunch and dinner times). Uber Eats increases the pay rate to incentivize drivers to work during these times. This means, learn to tame your stomach to eat during odd lunch and dinner hours to be able to deliver during those peak times.
Get in on the action with Uber's Boost Earnings. Whenever there's an event, Uber increases driver rates to make sure there's enough cars to meet the demand. An example of that would be if the Boost Earnings is three times the average rage, instead of making $7 for completing a drop off, you'll be making $21.
UBER EATS ALTERNATIVES:
Deliver Other Goods Besides Restaurant Food
According to Indeed, drivers for Postmates report an average pay of $21.06/hr with several earning over $37/hr.
I'm sure having to smell those delicious food you can't eat must be sheer torture especially if you're delivering these goodies from our good ole Korean friends who have mastered the art of fried chicken goodness.
In order to save you from the pain, here are some Postmates alternatives that help you deliver things that won't make your mouth water as much:
Delivery jobs, check! I think I've pretty much covered that.
If you love being behind the wheel with the wind in your hair, the music to keep you pumped up, the freedom to wake up late, then by all means, delivery drive away!
Plus extra income is extra income.
Make sure though you protect yourself as an independent contractor and know what is needed to keep more of your hard earned money by reading the article here.
Now that we have that part out of the way, let's move to the pièce de résistance of this article.
Let's call it the lazy way of making money with your car...
Passive Ways to Make Money With Your Car
There's nothing like doing nothing or barely doing anything to make money. So sit back, relax and enjoy the sound of your bank account growing
Since the dawn of time, man has always been searching for ways to earn passive income via the art of doing nothing.
Hence why it's called passive.
Contrary to popular belief, doing nothing takes a whole lot of concentration wondering what other nothings you can do for the day.
It's pretty cerebral.
It's a mind-numbing event.
If only you can get paid for it.
But wait, yes you can!
Plato and Aristotle would have given their left hemispheres for such an opportunity as this.
This means, don't let those ancient philosophers down and take advantage!
According to Nielsen, out-of-home advertising report shows wrapped vehicles as the most noticed medium on the road.
This is why companies are willing to pay you to advertise their brand on your car. All you have to do is drive.
Okay, that's not technically doing nothing.
However, what you're being paid for considering you're just doing your daily routine, and you're getting extra money for it, is in a sense doing nothing to earn that particular something.
It's over-complicated. I know.
Whether you're driving to and from work, delivering what we would hope would be legitimate products and/or services, or going on a trip--you get paid for it.
Of course only reputable companies would pay you to put ads on your car, not the other way around. So steer clear of the ones that ask you to pay them.
That's called a scam.
And only scambags do scams.
And yes, it's purposely misspelled to create a fun and cheesy pun. So feel free to add a "[sic]" when quoting me.
The income varies depending on how big of an advertisement on your car and depending on the company.
Here is a list for you to check out and pick the one that your car wouldn't mind being touched by:
Wrapify pays $264 to $452 per month for a full wrap coverage level.
To qualify for Carvertise, you must drive at least 30 miles per day, have a clean driving record and own a 2008 model car or newer.
They pay between $100 and $200 per month.
You can also earn an additional $30 an hour to park your car in certain places at certain times.
Get paid up to $400 a month depending on the advertiser you are matched with.
StickerRide is a mobile app that allows drivers to make money with ads. You can calculate your approximate earning level before the registration process.
Because the ads are placed on top of your car like a taxi, it's not so intrusive if you were driving for Uber or Lyft for example.
ReferralCars is also less intrusive and they match drivers to commission-based and non-commission-based campaigns.
According to Nickelytics drivers average $250 per month but can also earn $500 per month.
And if you have more than one car, they're also open to a fleet opportunity.
Now that you've learned on how your large piece of moving metal can be an asset instead of a liability, let's learn the second way of earning passive income with your vehicle.
Sharing is caring.
Or so they ingrain the minds of innocent toddlers who just want to eat their double chocolate chip cookie with macadamia nuts without having to give a piece of it away.
How does the Car Sharing world work?
If you have an extra vehicle that's not in use, instead of it sitting idle and accumulating dust bunnies and ugly rust, why not actually rent it out.
Even if you have just the one car, if you're not using it for a certain time of the day or week or month, rent it out.
Luckily, you don't have to do all that much work because there are sites that are looking for you to post your car's availability.
Plus these companies also have insurance that cover both renters and vehicles in case of an accident.
So if your car looks like this Corvette down below and you don't even want anyone to touch it, let alone drive it, then this way of making passive income is definitely not for you.
But if you have that regular car of which dings and scratches is just a part of every day life, then check out these companies:
According to Turo, the average earners are $706 per month. Which means you can still earn more.
Average just means average.
Getaround claims that some owners make up to $10,000 per year or around $800/month with their car.
Rent your car out to people who want to make money driving for Uber or Lyft. You set your own pricing and commission.
Don't think I've neglected you our neighbors of the world.
For you too have enterprising folks who want participate in the awesomeness of not letting your car go to waste.
So click here for the list and see if your country has it.
If your country doesn't have it, don't cry.
And if you have no tear ducts, then you need to see a doctor.
Otherwise, see this as an opportunity to be the one to start car sharing in your country.
Because clearly, there's a demand for it.
Just because this looks like the end of this article, of which it is, and you are correct in your visual analysis, this doesn't mean this is the only way to make money with your vehicle.
Because you need to stay tuned for the article where you learn how to get paid $1,000 a day with your modern horse and buggy. So make sure you subscribe here for that.