How To Make Money From Your Car

Have you ever thought about making money from your car? Cars are one of the biggest expenses in a person’s life, so it only makes sense that you may want to offset these high expenses by trying to make some money off your car.

Just think about it. Your expenses may be much higher than you think once you add it all up. You have to actually buy the car (and that can be expensive), then you have to pay for gas (many families spend around $300 to$400 per month on gas), maintenance such as oil changes and tires (oh boy, can tires be super expensive!), and when you sell it you usually do not get a return of any sort (for the most part, it is hard to sell a car for more than you paid for it).

If you are looking to make extra money, then trying to find ways to make money with your might be a good idea.

 

Place advertisements on your car.

I’ve heard of people placing advertisements directly on their cars for cash. You might cover your whole car, or you might cover just one door.

 

Rent your car to others.

Just like with Airbnb, there have been several websites and ideas about how to make money by renting your car. You can rent your car to others for an hour, a day, a week, a month or more.

 

Flip it.

If you are good with cars and know a good deal from a bad deal, then you might also be able to make money by buying and selling cars. Keep in mind that in most states (if not all), you will need a license for selling cars once you get over a certain amount.

Some states are as low as six, so definitely keep this selling limit in mind. However if you are looking to sell just a few cars, then you may be able to still turn this into a decent side job.

 

Have you ever thought about making money with your car? Why or why not?

 

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