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Smith Collection/Gado/Getty Images July 20, 2022 Rhys has been editing and writing for Bankrate since late 2021. They are passionate about helping readers gain the confidence to take control of their finances by providing clear, well-researched information that breaks down otherwise complex topics into manageable bites. Bankrate logo The Bankrate promise
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You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. Your car makes it easy to get around without having to rely on public transportation. But it also offers another significant benefit — the ability to make some extra cash. Even better, there’s a variety of ways to use your car as an income source — with or without you behind the wheel. So, consider leveraging these opportunities to boost your income. The funds you earn can be used to meet financial goals, whether it’s paying off debt, saving for a rainy debt or taking that dream vacation. 7 ways to make money with your car
Here are seven ways to make money with your car with relatively little risk. 1 Use a rideshare app
If you have a good driving record, are at least 21 years old and have some extra time on your hands, working for a rideshare app is a great way to make money. There are a few options for becoming a local taxi driver. and are the most popular and offer a great way to make money just by driving. If this fits into your schedule, consider weekend driving when “surge pricing” is present and you can make a few more bucks later at night. 2 Work with a food delivery service
If you aren’t interested in driving with strangers, becoming a food delivery service driver might be a better opportunity for you. Like ridesharing apps, you sign up and get notifications to pick up and then drop off food for hungry customers. There are a few options here with varying benefits, including , , and . 3 Shop for groceries
Along the same line as working with a food delivery service is to shop and deliver groceries. and are two well-respected options. You will receive a shopping list through the app, shop accordingly and then deliver the food to the home of the person who ordered. Delivery drivers can make $10 to $25 an hour depending on the busyness. 4 Wrap your car with advertising
If you don’t mind your car being a moving billboard, sign up with a car advertising company to “wrap” your car with advertising. You’ll get paid while you’re doing your regular driving. The amount you earn depends on your daily commute and the size of your car — which directly translates to the amount of advertising space. Some options for this include: , and . 5 Help move large objects
If you own a pickup truck or SUV, you can put it to work by transporting large items that don’t fit in other people’s cars. You can do this if you’re registered with a service like Uber, but a better option is a company like , which allows people to hire you for specific tasks. You’ll get paid for your physical labor as well as the actual transportation. 6 Rent your vehicle out
If your car is collecting dust in the garage, renting it out can be a great way to make money back on an asset that isn’t being used. There are a few services available, but you would simply rent your vehicle out just as you might rent out a spare bedroom for a service like Airbnb. and are options for this. 7 Deliver for Amazon
is an option for drivers to deliver directly for Amazon. There are a few shift options that are available, including local delivery for groceries and picking up for a warehouse. You can arrange your delivery windows around your availability, so it can be a great option if you’re busy with another job. 8 Operate as a shuttle service for children
is a transportation service for children. You can earn up to $40 per hour plus bonuses as a Care Driver and set your own work schedule. Even better, the mobile app gives you the ability to schedule rides up to seven days in advance. To qualify for the role as a Care Driver, you must be at least 23 years old with five years of caregiving experience, a good driving record and a four-door vehicle that’s no more than 10 years old. The bottom line
There are a wide range of options available for car owners looking to help cover their car payment and spend less out of pocket at the pump. Take advantage of the world of gig economy and make some cash behind the wheel of your own car. Consider trying out multiple options until you find those that are most worthwhile. But before you do, make sure your is up to date. Learn more
SHARE: Rhys has been editing and writing for Bankrate since late 2021. They are passionate about helping readers gain the confidence to take control of their finances by providing clear, well-researched information that breaks down otherwise complex topics into manageable bites. Related Articles