Make money with your car. Owning a car is getting more expensive due to higher fuel prices, insurance costs, and inflation. Keeping up with these costs can be tough on your budget. Luckily, there are several ways you can use your car to earn extra money. Here are seven simple ideas to help you make money with your car.
How to make money with your own car
One easy way to make extra money is by renting your car to friends or neighbors when you’re not using it. Ruv.de suggests creating a simple rental agreement that clearly outlines who is responsible for the car and any costs. This can help you cut down on maintenance expenses by sharing your vehicle with others.
Read also: Avoiding Scams: Tips to Spot Mileage Tampering on Used Cars
Reducing fuel costs
If you frequently drive long distances, you can pick up passengers through platforms like BlaBlaCar. Charging fares from passengers helps lower your fuel costs and is also eco-friendly. BlaBlaCar provides travel insurance, reducing risks when transporting others.
Carpooling – shared commuting rides
Carpooling, or sharing rides to work, is another effective way to save money. By sharing your car with coworkers or neighbors, you can cut down on fuel expenses while also helping to reduce traffic and emissions.
Working as an uber driver
Uber offers a flexible way to earn money by giving rides in your car. You can choose your own hours, and your earnings depend on how many rides you complete. However, it’s important to consider the costs of maintaining your car before starting this type of work.
Car advertising
Companies pay to advertise on private cars, and the more noticeable your vehicle is, the more money you can make. Broker platforms can help you find the right advertising partners, but as Gruender.de points out, it’s important to select only trustworthy companies.
Special car rental for events
Do you own a classic or luxury car? You can rent it out for special events like weddings or photo shoots. These vehicles often earn a lot in rental income, especially on weekends and holidays.
Read also: Orange arrow on the German highway and what it means
Become a workshop tester
Testing services at car workshops can provide extra income and even free car maintenance. According to Merkur.de, workshop testers can save up to 400 euros a year on upkeep costs.