5 Ways To Make Extra Cash With Your Car
There are a lot of ways to make extra cash for the holidays, but what if you don’t have time to get a part-time job or babysit your neighbors’ kids all day?
Most people that already have day jobs but are still in need for extra cash are looking for jobs that allow them to work on their own time, so they can fit it in between their busy schedules. There are a lot of options for jobs like this that you can actually do from your own car. The typical delivery and moving services have evolved, and here are some jobs that prove that.
Become a Driver
The holidays are the busiest time of year for traveling, which means there is a higher demand for more transportation. Being a driver with Lyft or Uber is a great way to make extra money for the holidays.
It allows you to be your own boss and work flexible hours. You can put in some hours after work and on the weekends, or some even make it a full-time job.
You just have to meet certain requirements to be an Uber or Lyft driver such as…
- Having a four-door car
- Having a valid US driver’s license
- A profile photo
- Proof of vehicle insurance
- Must be at least 21 years of age
- Have an iPhone or Android phone
- And pass a background check
Once you start driving you could make around $15 per hour and it fluctuates depending on how many rides you give per hour. The amount you make is calculated by the distance and time it takes to complete a trip, so the more trips you make the more money you make.
Rent Out Your Car
Just as you can rent out your house on Airbnb, you can now rent out your car to tourists needing a ride. It’s basically an alternative to the typical car rental.
It works very similarly to how Airbnb works in that you create an account, enter your travel dates and location, and book your vehicle of choice. All cars are locally owned so you either pick up the car at their specified location or they set up a meeting location to deliver the car to you, like the airport.
At the end of your trip you meet up with the owner to drop off the car and as long as the car isn’t damaged you’re done.
Now as for the car owner, a popular car rental service called Turo makes the process safe with liability insurance and 24/7 roadside assistance for your car, so you can rest easy while strangers are driving it around town.
So how much money can you actually make by renting out your car to strangers? With Turo, your car’s rental price is determined by the market value, location, time of year, and other data sets, or you can set your own daily price.
To give you an idea of a typical income with Turo, suppose your car has a market value of $16,000. If you rent out your car 10 days a month or just about every weekend, you could earn around $3,500 a year. Sounds like an easy way to make some extra cash to me.
Deliver Food
Another great way to make extra money is to deliver food to people through services like UberEats, Favor, Grubhub, or DoorDash. It’s just like being a driver because it allows you to be your own boss and have flexible hours.
The requirements vary for each company, but all include you to have a valid driver’s license, registration, and insurance. The requirements also vary by your form of transportation as some allow you to deliver on bikes and scooters.
On average, you can make $10-$20 an hour delivering food depending on the time you worked and the location you delivered in. You usually make more when you deliver at peak times, such as 6 pm to 9 pm for dinner, and in heavily populated locations.
To piggyback off food delivery, you can also deliver groceries to people using services like Shipt or Instacart. It allows you the same flexibility since you decide when you would like to be available for grocery pick-up and delivery.
The requirements are similar to food delivery but differ in that you should be able to lift about 40 pounds and have a decent knowledge of produce selections. Some even require you to have insulated cooler bags.
Again, how much you make depends on how much you work, but on average you could make anywhere between $10 to $20 an hour. The more deliveries you make the more money you make.
Help People Move
If you have a truck or cargo van this is a great way to make extra cash. Through companies such as GoShare and Buddytruk you can earn money by helping people move.
The requirements differ for each company so be sure to check out their requirements or FAQ page for all the information you need. However, this job will require you to do some heavy lifting so you’ll most likely be required to lift a certain amount. You will also be required to provide your own moving materials, so you might have to spend money before you make money.
Once you become a driver you get notified when there are pickups in your area. You get to choose which pickups you accept and can do as many as you want. Drivers typically get paid $40 an hour or more, depending on the type of vehicle they have, and payment usually comes in on a weekly basis by direct deposit.
Sell Your Car
While all the above are great ways to get extra holiday cash, there is a way to get hundreds of dollars within one day. If you need money fast or don’t have the time for a side job, consider selling your car to CashForCars.com!
If you have a used or unwanted car we will buy it from you, no matter what condition it’s in. Wrecked, running, or not we can pay you cash for your car in as little as 24 hours. We offer free towing nationwide, same-day pickup, and payment at the time of pickup. You could get rid of your unwanted car and have cash in one day.
With over 35 years of experience in the car buying industry, our expert car buyers give competitive offers that are guaranteed. No curbside negotiation. Call us at 1-800-227-2893 or fill out this form to get your instant, guaranteed offer from us today!
