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Did you know you can use Your vehicle to generate an income? Yes, you can do that by using it to provide transportation services or by renting it out for advertising space. If you have a car, truck, van, or another vehicle that you're not using all the time, why not put it to work and earn some extra money?
Hustle opportunities using a vehicle come in multiple forms, and some don't even require you to drive it. Here are a few ways to do just that:
Become a Driver Through Ridesharing App
You can consider becoming a driver through a ridesharing app as a way to earn some money using your vehicle. Doing it means taking the customers from point A to point B. Then, they will pay you the fare through the app. It's that easy.
It's vital to know that ridesharing drivers' incomes vary widely. They earn about $25 every hour or even more during peak hours (usually on weekdays when people rush to work). Depending on where you live, you can choose among ridesharing apps like Lyft, Uber, Wingz, and other local alternatives available in your area.
Wrap Your Car with Ads
You can also choose to make money wrapping your car with advertisements. It's a great option if you live in a high-traffic location where you can park it. You can earn a good amount of money doing this.
One of the main benefits of this one is that you don't have to spend time on this. Just get a few ads and earn a side income while doing your other jobs.
Rent It Out
If you are not using your vehicle that often, you better consider renting it out for extra income. This is known as car sharing, but most people think of it as an Airbnb for vehicles. You can list your car on a site like Turo and earn money when someone rents it.
Rental car providers typically earn more money than other types of drivers, but it requires a bit more work since you’ll need to manage the bookings and clean the car between rentals.
Deliver Food
Another excellent option is to consider becoming a delivery driver. You can deliver food or packages for companies like Grab Food, Uber Eats, or Amazon Flex. It’s a flexible job that you can do on your schedule.
You sign up for a specific app, get notified of food orders, and then deliver to hungry customers.
Shop for Groceries
Shopping and delivering groceries is also an opportunity to make money with your vehicle. Shipt and Instacart are popular options for this side hustle.
With this job, you will receive a shopping list through the app, buy them, and then deliver it to the customers. Delivery drivers tend to make about $10 to $25 per hour, depending on the number of orders.
Help People Move
You can help people move and earn money using your car. A decent-sized trunk and a spacious backseat are a great advantage for this job. It would also help if you were willing to put in some extra physical labor to help your clients transfer their things.
You can help people move through Uber. However, TaskRabbit is also a great option since it allows the customers to hire you for specific functions.
Be an Amazon Flex Delivery Driver
One of the world's largest online marketplace, Amazon, can be an excellent opportunity for you to earn money using your car. Customers' demand for home delivery continues to rise with time. It means they require delivery drivers to provide their services to customers.
You can start by signing up using the Amazon Flex app and setting your available working hours. After that, you can drive to the warehouse and pick up packages requiring delivery. You will then scan the packages, which reveal the address in the app using the GPS, and deliver them to the customers.
What You Should Consider
It's essential to know that using your vehicle to earn money involves several complications, risks, and trade-offs. Depending on what job you want to take, you might encounter any of these considerations:
Independent Contractor Status
The ways you can earn money with your vehicle classify you as an independent contractor. Being one entails the following responsibilities:
Collecting and paying income tax;
Covering your expenses;
Paying self-employment tax.
Accelerated Wear and Tear
Most of the jobs mentioned earlier involve driving extra miles, resulting in more wear and tear on your vehicle. You may also have to pay for higher maintenance and repair expenses.
Potential Decrease in Resale Value
Generally, the value of your car depreciates over time. However, the value of a vehicle used for side hustles is more likely to decline faster than a well-maintained, less-driven car. So, if you are thinking about selling your car in the future, best not to pursue using it to earn money.
To Sum It Up
There are multiple ways you can earn money with your car. Some of them involve driving more than usual, while others don't. Either way, you should never forget that using your vehicle to earn money requires much consideration before deciding to pursue this career path.
