Remember, buying a car is not an investment; however, you can make some money to offset your vehicle-related bills by learning how to make money driving your car. And if you are serious about this, you can make a decent living doing this.
It can serve as your full-time job, earning you a decent pay annually, depending on where you reside. One thing to consider, though, it’s not as easy as it seems. Driving itself, especially for long hours, isn’t an easy task and comes with a whole under layer of health risks. So, if you choose to do this as a full-time job, take things easy, earn as much as you can, but don’t push yourself to the extreme.
Making Money Driving Your Car in 2020
This is probably the first thing that comes to mind if you want to make money driving your car. It’s also one of our best side hustle ideas for 2020, becoming an Uber or Lyft driver.
These companies, Uber and Lyft, have been around for a while. And with the use of a sophisticated app, Uber and Lyft have been in the business of connecting car owners with passengers in major cities across many countries.
All that’s needed to start making money with your car, in this case, is to register with Uber or Lyft. But before you do, make sure to go through both driver and vehicle requirements. Some of these requirements include having a valid driver’s license, undergoing a safety screening, being at least 21 years of age, etc. And for vehicle requirements, a working radio, air conditioning system, the vehicle must be four doors, and your car’s model’s year may matter in some countries, car insurance, and license too. The good news, this information is available on the Uber and Lyft official websites.
Some popular alternatives to Uber and Lyft include Curb, Flywheel, Via, HopSkipDrive, etc.
2. Food Delivery Service
If the first option doesn’t appeal to you that much, moving people around, you can try out delivering food packages instead. This is a stressfree option compared to the former. Unlike ridesharing, delivering foods give you a better flexible schedule, it’s way easier to get started with, and you still get to earn the right amount of money feeling good about what you do.
You can get started today, delivering food in your city by requesting food delivery services such as UberEats or Shipt. Other alternatives include Postmates and DoorDash.
3. Car Rental Service
Do you own a car? Maybe an economical vehicle. Does it just lay idle at your parking lot most of the time? Why not put it to good use, make it earn you a couple of bucks while you go around doing your stuff. One way to go around this is to rent out your car. You can make up to $1,000 monthly renting out your car. We are not sure how much you got your vehicle, but you’d probably be making that money back renting out your vehicle in a few months to a year.
You are probably concerned at this point about the safety of your car. Well, its nothing to worry about. Your vehicle would only be given to verified travelers, and what’s more, you’d be covered by $1 million liability insurance. So, you are really in safe hands. To get started, Turo is one of your best options if you live in the United States.
4. Package Delivery Service
Other than getting people to their destinations, delivering food in your city, you can also deliver packages driving your car. Delivering packages is similar to food delivery; however, you need to pick up these packages in bulk and distribute them during the day. You can make an incredibly substantial income from this too. To start making money right away delivering packages, you need to check out Amazon Flex. A popular alternative to that would be Roadie.
There are a lot more options available to those who own cars and want to make some money driving their cars. The number of choices available to you depends on where you live – country or city. Share with us more options accessible to you in the comment section below.