How To Make Money Out Of Your Car
The majority of people purchase cars for leisure and personal convenience. Still, there are those who view their cars as money sources. You might be confused how you can view a car as an investment yet its value depreciates with time. Nonetheless, you can actually make money out of your car. How? Read to find out.
Provide Transport Services
Ever heard of Grab or Uber? Car transport services are increasingly becoming popular because of the convenience they provide to customers. The customers only need to input their location and car requirement to place their bid. Once a customer chooses your car (and if you’re also near where they are), you can then fetch them and drive them to their designated destination. Many people rent out their cars to these transport services because of the high demand, and it can be your sideline and a source of income.
Run Errands and Make Deliveries
Some online businesses and shops cannot afford to have delivery services yet, probably because it takes money to invest a delivery car. In this case, why don’t you offer your car to run errands and make deliveries on their behalf? That way, you will be able to earn some money if the business you are running errands for continues to prosper and expand. You can even rent your car as much as $25/hour when you deliver food and run errands for Task Rabbit, Postmates, Amazon Flex (now in Seattle, but expanding to other cities), and Munchery (San Francisco Bay Area, Seattle, Los Angeles, New York).
Help People Move
Just like you, most people dream of owning a house. Why don’t you help in the process of moving in? If you have a van or a pickup truck, you can earn as much as $40/hour by moving stuff such as furniture. You can also rent your car to businesses that forward goods from rural to urban areas (and vice versa). You can go to GoShare.com or BuddyTruk.com to register your car for pickup delivery. You can browse which deliveries to place your bid or just wait when a customer contacts you.
Lease Your Car for Special Trips
Almost everyone loves to travel; that’s given. Therefore, many travel agencies offer land trips and accommodation packages to their customers. However, their quotes are a little more expensive than DIY. Why not offer your car to those people who want to do DIY traveling in groups?
You can lease out your car for them at a fixed rate depending on the number of days they decide to rent your car. Let your friends or coworkers know that your car is available if they want to make vacation trips.
Or if not, you can register to offer official services to customers to and from the airport. You can drive your customers from the airport to their designated destination (or vice versa) at a fixed rate. In this way, your customers don’t have to put up with long queues finding the right cab to pick them up.
If you just have the right mindset to make money out of your resources, you will think more of your car as an asset than a liability. If you get creative and try to apply the tips above, you won’t have to worry about paying your car loan and insurance. The car business is booming, so you should seize the opportunity.
More inLife Style
Why You Should Be Your Own Financial Advisor
While having your own financial advisor is generally a wise choice, sometimes, finding the right advisor for you might prove to...January 12, 2018
Teenage Car Insurance: Pros And Cons
Purchasing teenage car insurance sounds like a good idea if you do not want to stay on your parents’ plan. However,...January 12, 2018
The Most Expensive Cars to Insure
It would feel good to own a new sports car or a luxury sedan, but before buying one, you need to...January 12, 2018
Everything You Need to Know About Getting a Car Loan
When you own a car, people view you as a prosperous person. A car also serves as a quick transport means....January 12, 2018
The Self-Driving Cars: The First Steps to New Regulations
The future in which we will not have to steer our vehicles seems to be just around the corner. However, a...January 12, 2018
Ways Of Getting An Affordable Car Insurance Policy
Cars and houses are associated with prosperity in life. However, once you buy a car, you pay for more than the...January 12, 2018
Have You Seen The New Range Rover Velar?
Are you looking for a new car? Do you want something that’s relatively new to the market and has proven as...January 12, 2018
Car Insurance Myths
If you want to find a good car insurance, sometimes, it is not enough to ask your friends and colleagues as...January 12, 2018
Outstanding Financial Advisors Need To Have These Qualities
Financial advisors advise people on how to plan their future. Unfortunately, many financial advisors do not display the qualities that set...January 12, 2018