by Turo
posted on August 13, 2019
How to make money with your car
You worked hard to buy the car of your dreams. You put in overtime, ate in instead of going out, and maybe even skipped out on a few parties, just so that you could save up enough money for that down payment.
Now that you finally own your car, it’s the perfect time to let it return the favor. If you’re ready to put your new car to work, here are a couple of ways you can leverage your new asset and earn cash, both in and out of the driver’s seat.
Earn money even when you’re not driving
Most people use their cars only 11 hours per week on average, and only 59% of drivers say they use their vehicles daily. What if you could turn all that idle time into cash, all without climbing behind the wheel?
Turo has turned the car rental industry upside down, giving individual car owners like you the opportunity to share your car and earn extra income. You get to customize your availability, so you only share your car when you’re not using it.
Drive your car for cash
If you have a dependable ride and a clean driving record, there are several options for you to earn money by driving your car. People have been using their vehicles to deliver pizza and newspapers for decades now, but with the growing gig economy, there are countless new ways to make use of your car.
1. Download a ridesharing app
Uber and Lyft pay drivers for every ride they pick up. Whether you work just two hours a day or opt for a full 40 hour work week, your schedule’s completely up to you, and everything’s taken care of through their mobile apps.
2. Use your car to advertise around town
If you already spend time driving around town, why not make money by turning your car into a mobile billboard? Be careful: not every car advertising opportunity is legit, so keep your eye on the lookout for scams.
3. Get paid to help people move with your car
If you live in a big city, you can use your vehicle to help people move across town or into the suburbs. You can earn anywhere from $20 to $50 an hour, depending on location and demand.
4. Deliver food and groceries in your car
There are dozens of food and grocery delivery services looking for dependable drivers. Sign up for Doordash or Uber Eats, and then pick the delivery assignments that fit your schedule. Delivery jobs are especially useful for college students looking to earn some extra pocket money or get ahead of their loan payments.
Turn your car into a steady source of income
Your car is a huge investment. Don’t just let it depreciate — leverage that asset into a reliable source of income!
If you have time to spare, use your car to work for a ridesharing or delivery platform. Or, if you want to earn without spending time behind the wheel, consider becoming a Turo host.
Put your car to work with Turo
From car enthusiasts to college students to parents, thousands of car owners share their vehicles on Turo to offset ownership costs and earn extra cash. Many of these people are strapped for time, but with Turo, the world’s largest car sharing marketplace, they can make better use of their cars without needing to get behind the wheel.
Still not convinced? Here are a handful of car owners who let Turo make a huge difference in their lives.
- Sean and Megan, proud parents of two boys, use their Turo earnings to manage their medical bills.
- Natalie, a grad student who juggles two jobs, leverages Turo as a third source of income.
- Jemma, a cardiovascular technician, bought her dream Tesla by hosting it on Turo.
Ready to see how you could earn money by sharing your car on Turo? Plug in your car’s make, model, and year into the Carculator to get an estimate tailored to your local market.
