For most Americans, their car is one of their biggest expenses in their budget. Certainly top five. These gas-guzzling demons lose value daily, require constant maintenance and rarely ever see any type of financial upside. But there’s hope. The true purveyors of the stealthy and wealthy life have found a way to hack this system and turn their biggest expense into an income producing asset. From delivering food and giving rides with Uber to getting paid to wrap your car in advertising, there are a number of ways you can make money with your car. Most of them require less than a week to get started and can make you some serious cash. Definitely enough to at least offset your car payment, gas and depreciation expenses. Check out six of my favorite ways to earn money with your car. I’ve personally tried four of these and can’t wait to hear from anyone in the comments what you have tried.
|Ways to make money with your car||Potential Earnings|
|Rent your car on Turo||$23.00 – $98.00 per day|
|Drive for Uber or Lyft||$15.00-$35.00 per hour|
|Deliver food for Postmates||$8.00 – $25.00 per hour|
|Deliver packages for Amazon Flex||$18.00 – $25.00 per hour|
|Haul for other people with your truck||$25.00 – $50.00 per hour|
|Wrap your vehicle with advertising for money||$100.00 – $400.00 per month|
Rent your car on Turo
I’ve written a number of times about making money with Turo and how it has pretty much paid for my insurance and monthly car payment since I’ve been using it (minus a long period when I was out of the country and didn’t rent). Turo, formerly called RelayRides, is a peer-to-peer car rental service that allows you to loan out your car to those in need of transportation for a period of time as short as a day and as long as you’d be willing to go without it. You are paid by the day, with Turo taking between 25 and 35% of the total rental cost. Cars typically rent for $30.00-$80.00 per day, depending on the model and demand in your area. To start renting your car on Turo, you can click the button below to sign up and you will even get $25 off your first rental if you choose to use Turo as a driver.
Become an Uber or Lyft driver
Becoming an Uber driver and/or Lyft driver (many people do both at the same time) can be one of the most profitable ways to make money with your car. The beauty of both Uber and Lyft is that you can drive on your own schedule by simply turning the app on and accepting rides, so you can literally make money any time that you please. I have been driving for both Uber and Lyft for almost two years now. With the buttons below, you will get an extra $10 from Uber when you register as a driver and you’ll get an extra $100 for signing up with Lyft after you complete 50 rides in 30 days.
Deliver food for Postmates
Postmates is a mobile app that allows people to order food for delivery from restaurants that don’t typically deliver. That can include anything from Chipotle to your local pharmacy to high-end or fast-casual restaurants. When you become a Postmates driver, you download the driver app and you can accept orders, go to the restaurant to pick them up, then deliver them to the person that ordered. You get paid a flat rate plus an incremental rate for your time and mileage. In most cases, you will also earn tips. Unlike Uber and Lyft, the vehicle requirements are far less stringent and you can sign up after a quick background check and a one-hour training session.
Deliver Packages for Amazon Flex
With a very simple sign-up process, you can start delivering Amazon Prime and Amazon Prime Now packages through the Amazon Flex app. You drive in scheduled four hour blocks of time and will be paid at least $72.00 for each of these shifts. For many of the deliveries, you can also earn tips from the purchaser of the package, so there is definitely some upside to driving for Amazon Flex. Unlike Uber or Lyft, you barely interact with other people, so for the introverted crowd or those who just want to jam out to their music or listen to an audiobook while they work, delivering packages is a great way to make money with your car.
Hauling with your truck
You know when you are the person with the truck that every friend calls when they need to move, haul a couch, pick up an appliance or tow something? Well, now you can make money for being the good friend who helps people move things. With startups like Lugg and the Pickup App, you can get paid to move or haul items for people using your truck. Both of these apps are still fairly young, so they haven’t expanded nationally yet (Lugg is only in San Francisco and Pickup is only in Texas), but keep an eye out if they aren’t in your market yet.
There will certainly be similar apps gaining popularity as well that can help you make some side money with your truck. In the meantime, you can check out TaskRabbit or just browse posts on Craigslist for people who need help moving items.
Get paid to advertise on your car
Did you know that you can advertise on your car and get paid for it by registering with a vehicle-wrapping service? The way that it works is advertisers will pay a company to put their brand or messages on a certain number of vehicles that will be driven enough to be seen. They are essentially paying for the eyeballs of the other people in traffic who would see your car with advertisements on it. You can then register with these services, have your vehicle wrapped, then get paid each month for simply driving as you normally would. Be mindful when you are looking for car advertising wrapping companies as many of them will try to charge you to sign up, then won’t have availability in your area. Here are a few companies that seem to be among the most reputable for vehicle advertising:
There you have it. You now have a half-dozen ways to turn one of your biggest expenses into a money maker. Let me know in the comments if you have any questions or feel free to share your experience as you go out and make money with your car!