With the cost of living ever rising, more and more people are looking for ways to make extra money each month. Whether you have just bought your car or have been driving for years, we can all agree that motoring is costly. Expenses can build up quickly, sometimes to the point where you need to get rid of your vehicle. However, a car isn’t just a money sucker – It can be a side hustle too. With that in mind, here are six smart ways to make money using your vehicle.
Loan Out The Keys
Unless you sleep, eat, work, and play in your car, there will be times that you’re not using it. Rather than leave it to gather dust on your driveway, you should send it out to make money. By registering with a car share company, you can rent your vehicle out to other motorists. This involves very little work, requiring you only to set the time and place your car is to be picked up.
Advertise It For Sale
Perhaps the most obvious way to make money with a vehicle is to sell it on. This is when owning a used car can really benefit you. If you bought your car from Wavertree Car Centre LTD or another used car site, you would save money. This is because the value of your vehicle will have depreciated much less. Sticking to the maintenance schedule will help to boost the value too.
Run A Taxi Service
Anyone with children already knows what it’s like to be treated as a taxi service. However, these days, you can get paid for the time you spend driving. Companies like Lyft and Uber make becoming an independent taxi driver incredibly easy. There are a few requirements that you must meet, but, as long as you do, you can work whenever and wherever you choose to.
Teach Others To Drive
Driving schools are quite expensive, which is why many parents try to teach their own kids how to drive. The trouble with this is that the high-intensity situation can cause huge arguments. If you have nerves of steel and lots of driving experience, then you could offer your services as an alternative. As you don’t live together, any meltdowns won’t cause too many problems.
Share That Parking Space
While you’re away from home, your parking space will be left empty. Not only is this a waste, but it makes your house a target for burglars, as they can see that you’re there. A simple solution to both issues to rent out your parking space to anyone that might need it. While this might not work in smaller towns, homes in large cities and close to airports should see plenty of demand.
Place Adverts All Over
The car that you drive is seen by hundreds, if not thousands of people every single day. Keeping that in mind, it should be no surprise that companies will pay fairly to place advertisements on your vehicle. As long as you don’t mind driving around a billboard, you should sign up to a car advertising site. The amount that you earn will depend mostly on the size of your vehicle.
If you’re looking for extra ways to make money, try turning your car into a side hustle.