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5 Easy Ways to Make Money With Your Car
Monday, 24 February 2020

 Owning a car increases your money-making potential significantly. Find out five easy ways to make money with your car here.

 Do you have financial goals that you want to reach every month? Making extra cash is a good way to do that. About a third of Americans need to pick up extra work to pay bills or to have more income for other things.

It can feel impossible to pick up a side gig if you’re already working a full-time job, but you can use your car to make extra money.

Before you think about driving people around with Uber or Lyft, you should know that there are more creative ways to make money with your car.

Read on to learn the top ways to earn extra money with your car.

1. Rent Your Car

Does your car spend a lot of time sitting in a parking spot or driveway? You can make money when you’re not using it.
Sites such as Turo let you list your car and rent it out to people who need a ride or to run some errands. Think of this as an Airbnb site for cars. The site is an intermediary between the renter and the owner.

2. Make Deliveries

You can make deliveries as a courier or for e-commerce companies like Amazon. You do need to pass a background check and have a valid driver's license to make deliveries. Most of the time, you can choose when you work when you do deliveries. 

3. Rent Your Parking Space

Do you live in an area where parking is always difficult? You can rent out your parking spot or driveway to people willing to pay for parking.
It’s a simple way to make money when you’re not using the space.  

4. Get a Loan

When you need quick cash, you can turn your car into a personal loan. Car title loans are loans where you use your car title as collateral to get cash fast.
Getting a title loan is usually a fast process. You fill out an application and show that you can pay the loan back. The amount you can borrow is a percentage of the value of the car.

You do need to pay the loan back and on time. If you miss payments, your car will belong to the lending company since you used your car as collateral.
5. Turn Your Car into a Billboard

This is probably the easiest way to turn your car into a money maker. You can sell advertising space on your car. There are sites like Wrapify and Carvertise that will pay you to wrap your car in branded stickers.

You drive around like you normally do and earn money at the same time.

Creative Ways to Make Money with Your Car

If you’re like most Americans, you need to find a way to supplement your income. You can turn your car, which is a big expense every month, into a money generator.

There are a lot of ways to make money with your car. You don’t have to spend hours driving people around, either. You can sell advertising space, get a title loan, and rent your car and parking space when you’re not using them.
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