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5 Ways to Earn Money with Your Car

If you’re considering buying a car, you may wish to know more about how to help your four-wheeled friend pay for itself. Everyday vehicle expenses can mount up. Therefore, looking at ways to supplement your income with your vehicle is sound advice. Here are just a few of our favourite ways to earn extra cash while driving.

1. Rent Your Car Out

Are you using your car to its full potential? Are there days where it’s sitting idle in the driveway? Why not let someone pay you so they can use it for a few hours here and there?

Renting out your car is an excellent idea if you feel comfortable doing so. Perhaps more advisable for long-term owners than new buyers, there are plenty of different per-to-peer car rental schemes online, including CarNextDoor and DriveMyCar. You merely need to register your details and set your rates.

However, you will likely need to speak to your insurer before you rent any vehicles out which are covered.

2. Become an Online Car Guru

There are how-to videos for everything nowadays. If you know your way around your car and feel you have some knowledge to share, why not film yourself fixing problems?

You could show novice drivers how to jump-start a car, or how to clear your windscreens after a night of frost. By hosting on YouTube, if your videos gain enough traction, you may able to start making money from your views.

However, this can take time and a lot of patience. You'll need to record and upload regularly! It's a great way to get extra cash if you fancy yourself as an online star.

3. Run a Rideshare Taxi

This has been made easy thanks to services such as Uber and Lyft in some territories. Everyday drivers can now work for themselves by signing up with Uber and allowing travellers to call for your cab from their smartphone.

However, Uber, in particular, does have some requirements you'll need to check before signing up. It's worth doing some homework.

4. Do Errands

You could help local people for a few extra dollars by picking up dry cleaning, groceries, or taking dogs to the park. Those who are unable to get out and about or to afford public transit will be grateful for the help. You could list your services in local papers, websites like AirTasker or via Facebook.

5. Be a Moving Commercial

You could help out local businesses by placing adverts on your car. Stickers, decals and temporary paint jobs will help to get the word out and about for their business. It's always worth talking to local business people and smaller firms who may be interested in paying you to advertise for them.

There are lots of great ways to make money, with a car. Why not have a think about what’s available to you in your local area? For help and advice with running a car – and paying for it – call Auto Car Loans today on 1300 301 051.

DISCLAIMER : The thoughts and opinions conveyed on this website are those of the authors only and are of a general nature. This does not constitute financial or general advice to you from Auto Loans Group. You should seek your own independent advice from a professional which is specific to your circumstances before considering any of the items referred to in this article, including finance, insurance, and car buying.