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6 Ways to Make Money with Your Car

6 Ways to Make Money with Your Car

By on Jan 6, 2015

When you have urgent expenses that you’re unable to cover with your current income, you need to take action. If you have a running car, here are a few suggestions that might help you get over the hump.

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1. Rent your Car: There are a number of websites that can help you facilitate renting out your car by giving you a free marketplace to list your car. A couple of popular options include RelayRides.com and GetAround.com. Granted, there are risks involved in renting to complete strangers and due diligence is required to ensure a viable outcome and insure your vehicle. Also check your city ordinances for permit requirement if any.

2. Offer Advertising Space on Your Car: This grassroots approach was popular when gas prices were very low but for doing nothing other than your daily driving routine, it’s still viable. You need to do some homework though to get that customer who will pay the most. A great place to get started is social media. Post your offer everywhere and get ready to negotiate. Check with your insurance if adding advertising on your vehicle will affect the cost of your insurance.

3. Run Errands: Do you go to the market 2-3 or more times a week? You know anyone who hates doing it? Well there you have it. Start taking orders and charge a fee for the trouble. With a little planning you just might find ways to get a convenient route. Don’t stop there though, you just never know what errands you might get asked to do. Promote  your availability online and see.

4. Offer Tours: Every tourist wishes they had a local to guide them to the hidden gems at their vacation spot. Why couldn’t that be you? Offer to take them and get rewarded for it. That’s better than renting a car and not knowing where to go, isn’t it?

5. Rent your car near the DMV: Ever seen a long line at the DMV? Well, many of those people are new drivers looking to pass the Test. Make yourself visible and available. Offer driving lessons. Remember those people you offered errands to? They could be your student. Get yourself up to date with the latest driving rules and help someone else pass the Test. And make sure you’re vehicle is properly insured.

6. Sell Your Car: If you’re out of time you could sell your car. You’ll find plenty of articles online on how to get the most for your used car. However, if selling your car is really not an option you can always get a car title loan. A local provider you can meet face to face is always your best option.