Make Money with Your Car: Here’s How

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If you have a car, try out these flexible side gigs that can boost your income

For most Americans, a car is an absolute necessity. However, owning a car is extremely expensive. Monthly finance payments, insurance, filling it up with gas, and maintenance fees really add up fast. Did you know there are many ways to use your car to make money as a side-gig?

You can turn your car from a source of expenses into a revenue stream! Whether you choose to do it full-time or part-time, there are many ways you can make a significant chunk of change with your vehicle

Drive with Lyft

Lyft is a popular ride-sharing platform that allows you to earn money by driving passengers to their destinations. To get started, you’ll need to meet Lyft’s driver requirements, which include having a valid driver’s license, insurance, and a car that’s less than 10 years old. 

Once you’ve passed the background check, you can start driving whenever you want and earn money based on the number of rides you give. People love working with Lyft because it gives you flexibility on when you want to work. They are currently offering $2,000 guaranteed if you give more than 200 rides in the first 30 days. 

Drive with Lyft here.

Put a Billboard on Your Car

Another way to make money with your car is by putting a billboard on it. Companies such as Wrapify and Carvertise pay drivers to wrap their cars in advertisements. You can earn over $200 per month simply by driving your car around town. It’s an easy way to make extra money and turn your car into a rolling billboard.

Be aware that you need to be driving through populated and high-traffic areas where people will see the advertisements — no you can’t make money with a car that sits in a garage all day!

If you can stomach having an advertisement on your vehicle, this is a great way to earn some passive income.

Rent Out Your Car

If you have a car that you don’t use very often, you can rent it out on platforms such as Turo and Getaround. This way, you can earn money when you’re not using your car. Renters will pick up the car and return it to you. When they’re done, you’ll receive payment through the platform. It’s a convenient way to make extra money and offset the costs of car ownership.

Turo offers liability insurance as well as roadside help in case your renters have any car trouble at no cost to you. This is a great way to earn some passive income as well. 

Bottom Line

Making money with your car is easy if you know how to leverage it. Whether you drive with Lyft, put a billboard on your car, or rent it out, there are plenty of opportunities to turn your car into a source of passive income. Combining some of these methods can also increase your earning potential and give a notable boost to your income. 

Give it a try and start earning extra money today!