Owning a car can be expensive, no matter how much you might love it or how much you might need it. However, there are also many ways that you can make money with your car to offset the expenses associated with it. If you can utilize at least some of the following ideas, your car ownership might not cost very much at all, and if you’re very savvy, it might even become profitable. Read on to find out more.
Rent It Out
This option won’t work for everyone; it can only really be considered by those who don’t use their cars all the time. But if you only use your car during the week, or you only need it at the weekends, then whenever you’re not using it, and it would usually be parked somewhere doing nothing – and certainly not making you any money – you can rent it out instead. In that way, you will be earning money, and you won’t be sacrificing your own need for the car either.
It’s best not to do this privately; a lot can go wrong, and your insurance probably won’t cover renting your car out for profit should there be an accident. Plus, you run the risk of coming into contact with criminals and the car being stolen. If you do like this idea, however, there are numerous websites you can sign up to. The site will find suitable renters for your vehicle and thoroughly vet them so that you know your car will be safe.
If you don’t like the idea of renting your car out, what about your parking space? If you’re not using it all the time because you’re at work, why not allow someone else to park on it and pay for the privilege? Again, it’s best to do this through authorized sites to make sure you’re not going to run into trouble.
Sell Advertising Space
If you’re not worried about having someone else’s company name and contact details all over your car, then you can make a good income selling advertising space. This could be done through magnetized signage, through car stickers, or even through complete vehicle wraps. The more you have on your car and the more work it takes to put it there, the more you can earn.
You can even choose how much of your car is wrapped, although the less you choose, the less you will earn. If you park in a prominent place when you go to work or live on a busy street, you can make a good amount. If you live out in the middle of nowhere and only use your car to go to the store and back once in a while, you won’t earn so much.
Become A Courier
Internet shopping has become more and more popular over the past few years, and since we’ve all had to be at home recently, it’s become something we all do much more often now. This means that couriers are always in demand, and although some larger companies require you to drive a van, there are others that will allow you to use your own car and even dictate your own hours to some extent. This means you can work before and after work, and you can fit your courier job into your own schedule.
You’ll need to check that your insurance will cover you for this work, and you may need to upgrade it if you do decide to go down this route, but the key thing to remember is that couriers are definitely required in all areas, and there will be a job for you if you want to try this out and make an additional incoming using your car.
Do you really need a car, or do you only have one because you have a license and feel you should? Could you manage perfectly well without a car? If so, you can sell your current vehicle and keep the money you make from it.
Alternatively, you can sell your current car and then buy a cheaper one. Although you’ll still have to pay out for the new car, you’ll be saving money overall if it costs less than the old one. Circumstances change, and if you can no longer comfortably afford the car you initially bought, there is no shame in looking for a new one that is easier to pay for.
If you do want to sell your car to make some money, you’ll need to consider the best way to do this. It might be that you decide to sell privately as you can get more money this way, although selling through a dealer is easier, even if you won’t get as much for the car.