People normally don’t think of their cars when it comes to making an extra income. Little do they know, there are a lot of ways to make money with cars.
There are now one billion cars worldwide. Quite a large number, right?
Imagine how much extra money you can make with that dormant car sitting in your driveway. There’s everything from selling one to using it as advertising space and everything in between.
Who couldn’t use a little more cash in their wallets? These are easy ways that won’t require much effort at all.
Ready to find out what they are? Let’s get into it!
1. Car Flipping
You’ve heard of house flipping, right? This is the same tactic, except with cars!
No one wants to buy a car that has holes in the seats or a cracked dashboard. If you’re lucky to sell a car like that, it won’t be for much money.
Fixes like those won’t cost you an arm and a leg. Most of the time, people don’t understand what their car is actually worth.
Which is great for you. If you can snag a used car for around $1,000 to $4,000 (including the cost of repairs), you can spruce it up to make a $1,000 to $2,000 profit.
Just be sure to check the most important things. These include:
- Body condition
This covers your end in case the car doesn’t perform at its best.
2. Ride-Sharing Driver
Apps make it easy to make money with cars. If your car is in good shape and you have a clean driving record, that’s all you need.
Ride-sharing apps make it easy for people needing a ride to find one. You sign up with the app and start picking up passengers near you.
You take them to where they need to go and they pay you for it. You can also set your own schedule so you can work as little or as much as you want.
3. Sell Advertising Space
Companies are always looking to get their business in front of more people. That’s where you and your car comes in.
If you don’t care what your car looks like cosmetic-wise, let a company advertise on it. You’ll get it wrapped with their logo and message and get paid for it!
Payment does depend on where you’re located, the company and the type of car you have. But, it’s an easy way to make money with cars.
4. Independent Food Delivery Driver
This is similar to the ride-sharing apps. Instead, restaurants go through a third-party app where customers order food that way.
Then, they enlist independent drivers to deliver the food on behalf of the restaurant. It works for them because they don’t have to pay that driver.
It works for you because you still get paid through the app. Again, you can work as much or as little as you’d like. And don’t forget, you also get tips.
5. Keep Your Car in Good Condition
Leasing a car is great but if you don’t keep it in good shape, it can end up hurting you. auto leasing los angeles requires that you keep it under a certain mileage per year.
If you don’t, you end up paying for all the miles you go over. Then, by the time your lease is over and you eventually sell the car, you won’t be making much profit.
Wrapping Up on How to Make Money With Cars
Making a little extra cash on the side with your car isn’t as hard as you once thought. All it takes is a little know-how.
Repairing your car doesn’t have to be hard either. We’re your one-stop-shop for all things mechanical.
Have a question about fixing your car? Chat with a mechanic or contact us today!