Investing in a car is the norm for most drivers, but what if you could get a return on the investment? As more and more people are looking to find a side hustle, vehicle owners are discovering how to make money from their car.
From renting out your car when you don’t need it, to running deliveries in your free time, there are ample ways to utilise your car to its fullest and make some quick cash in the process.
If you’re looking to ride share or rent out your vehicle, it’s crucial that it is fully serviced and has passed its MOT, so check out our MOT Essentials to make sure everything is running smoothly.
Ride Sharing
Ride sharing is a popular way for commuters to reduce both their expenses and the environmental impact of using their own car every day. For those who don’t have friends or family to share with, ride sharing apps connect people in the same area who want to do so.
Signing up to one of these services as a driver is a great way to make money from your car; you’ll just need to make sure you have the necessary documentation to pass the screening process.
To make a good impression with your fellow passengers, you’ll probably want your vehicle looking spick and span, so invest in some cleaning accessories before you start sharing.
Renting Out Your Car
Drivers who don’t use their car frequently and find it goes unused for periods of time can make a bit of quick cash by renting it out online. Over three-quarters (78%) of drivers say they don't use their car every single day1, meaning they could take advantage of this lucrative side hustle when their car is sat on the drive. Hiyacar and Turo are great examples of online services which allow drivers to rent out their vehicle to other people on the sites, as well as rent cars when they visit somewhere and need a car.
Effective verification checks ensure that you’re renting to trusted members and that your own car is safe and secure. But for that extra peace of mind, check out our range of safety and security accessories.
Renting Out Your Driveway
Similarly, a great way to make money from your car is by renting out your driveway when it is unused or if you have extra room. You can sign up to online services such as Just Park, or rent to people who you know, and take an hourly or daily fee for the time used. It creates an affordable parking option for people visiting the area and has become a lucrative side hustle.
Deliveries
If you have plenty of spare time, signing up to be a delivery driver can help bring in extra cash. Whether you register with a specific brand or opt to work for a delivery service, you can choose how many hours to work and block out time during the day to make deliveries such as groceries, coffee, courier deliveries, takeaways and more.
Advertising
Not feeling too precious about the appearance of your car? You can sign up your vehicle to be a moving billboard, where companies pay you for adding stickers and other ads to your car. Most companies will be looking for specific makes and models so it might not be available for everyone, but if your car fits the criteria, you can earn a decent sum of money. Just make sure you keep up with the maintenance and cleaning of your car, so the ads are always visible and appealing.
Utilising your car is a great way to bring in some extra cash. If you’re thinking of trying a side hustle, our guide to essential car maintenance will help ensure your car is safe for use.