4 Creative Ways To Earn Cash With Your Car Beyond Uber and DoorDash
The gig economy is filled with workers using their vehicles to deliver food or participate in ride-hailing programs. While those side hustles used to be novel, the market is now saturated, and it is time to figure out a new way to use your car to generate some additional revenue streams.
Kathy Kristof, founder of SideHusl.com, noted that there are many ways of using your car to make money outside of services like Uber and DoorDash, “...but the right option for you will depend on the type of car we're talking about and whether and how you want to participate.”
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Here are four ways to turn your car into an extra income generator without resorting to the more conventional options.
Package Delivery
Platforms like Roadie let drivers choose individual delivery jobs, including larger items that may require an SUV, pickup or other cargo-friendly vehicle, according to Resume Genius career expert, Lauren Mastroni.
“Amazon Flex is another option,” Mastroni pointed out. “Amazon says drivers typically earn $18 to $25 per hour, although actual earnings vary by location, tips and expenses.”
Vehicle Rental
Kristof highlighted renting out your car to tourists through a site like Turo, so you get paid for the usage of your vehicle while not having to be the one in the driver’s seat.
Mastroni shared how this is especially appealing for someone who works from home, travels frequently or has a second vehicle that spends most of the week sitting unused.
“Turo reports that U.S. hosts earn an average of over $10,000 per car, but that's gross earning potential, not take-home pay,” Mastroni noted. “Hosts still need to account for maintenance, cleaning, insurance, depreciation and time spent managing bookings.”
Film and Photography
“You can rent your car to movie producers or photographers to use as a prop through Giggster,” shared Kristof, adding that with cars, it will depend on the type of car (i.e. a classic Model T, which is going to be harder to find versus a Pinto) From there, Kristof described that you set the rate and the rules — particularly with cars.
“You can dictate whether it's driven or just used as a prop,” Kristof continued, noting that the same holds true for time commitments.
Moving Services
If you own a pickup truck or a bigger vehicle (think along the lines of a cargo van or box truck), and you don't mind a little heavy lifting, a personal moving side gig could turn your truck into real income, according to Holly Benjamin, the head of marketing at Lugg.
“You're helping people through one of their most stressful days, right in your own community, and getting paid well for it,” Benjamin shared, adding that there's no time requirement and everything is slot-based. Therefore, once you're onboarded, you can pick up two, five or even eight-hour shifts that fit your availability.
“Our longest tenured Lugger just crossed $1 million in lifetime earnings!” exclaimed Benjamin. “He's certainly an exception, not what to expect up front. But it shows what consistency with a platform like Lugg can build!”
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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