Running a car can be expensive, so why not put it to work and make it pay for itself?
There are lots of fun ways you can make money with your car (becoming a driving instructor, selling a rare number plate etc.) and we cover a lot of the more exotic ideas in this fun article here.
But if you want some easy and realistic ways to make money with your car each month, here are five possibilities. You could be making over a grand a month!
Rent out your car – £800 a month
If there are times when your car is just sitting on your driveway or parked outside your house, doing nothing, then renting out your car is something you should seriously consider.
You could be charging people in your local area to rent out that car and there are specific apps to help you do just that.
For example the Drivy app offers you the opportunity to organise check in and check outs with people who are interested in renting your car. Even better, you can earn 3x more if you use ‘Drivy Open’ which allows users to book, locate and unlock your car using the app.
Essentially your car is renting itself out, and all you have to do is sit back and wait for the money to roll in.
You could also look to list your car in Turo, which has only recently launched in the UK.
Your car is fully covered by an insurance firm which replaces your own driving insurance all the time a rental trip is happening. You can set your price but apps like Drivy and Turo will take a chunk of your profit (usually between 20-25%) for using their service.
In a similar vein, you might want to check out Car & Away. It’s like AirBnB for cars, allowing you the chance to leave your car at Gatwick airport for someone else to rent whilst you’re away. Admittedly it’s only something you can do while you’re on holiday, so it’s not a regular source of income, but it’s just another way you can make your car pay for itself by renting it out!
Car wrapping – £100 a month
You know you’ll sometimes see a poster on a bus or a logo on a taxi?
Well companies will pay you to put ads on your car – you’ll get paid because you’ve turned your car into what is, essentially, a portable billboard.
It’s called vehicle wrapping and, what’s more, you can make about £100 a month doing it!
In order to be considered you’ll need to have:
- a clean driver’s licence
- a current MOT and road tax for the vehicle
- valid insurance for the duration of the contract
- no convictions for drink driving, manslaughter or dangerous driving causing death.
Ads on your car can be added and taken off without spoiling your paintwork and there’s full insurance should something go wrong – so don’t worry about that.
Each company works differently – some ask you to drive a certain amount of miles before you get paid whereas others will match the advertising to your usual routine.
However, do be careful of scams – for some reason car wrapping seems to appeal to scammers and cowboys, so make sure you fully research a company before handing over any details.
Search for reviews of the company on the Google, find an email address on their site and send a message to get some information before handing over information and make sure the company has a Facebook and Twitter page which has recent updates.
If it seems fishy, it probably is!’
But, if you do find a legitimate company, what an easy way to earn a bit of extra cash!
Become a courier – £200 a month
Being a courier is a great way to make money with your car because unlike some other car related jobs, such as become a driving instructor, you don’t need to quit your job or invest any money, you simply do jobs as and when you can.
There are thousands of courier companies dotted throughout the UK.
As a courier you’d be carrying parcels in your vehicle to their destination; on time and with minimum hassle.
You’d be self-employed, but contracted out to various courier companies. All the jobs are recorded by you and the company, and you invoice the company at the end of the week.
Beginning as a freelancer means you can start in your spare time and work around your current job. If you don’t work, you don’t earn. But the further you go and the more you can carry, the more you’ll get paid.
Obviously, if you’re planning on delivering a lot of items then it makes sense to have a bigger vehicle – you don’t necessarily have to deliver big, bulk items but it’s important to have sufficient room for a few items if you’re going to make a real go of it.
Earnings vary considerably but you could expect to be earning between £140-£300, depending on how much time you can put into it.
This is a perfect way to make a little extra income on the side using your car, completely flexible so you can decide how many hours you put into it.
Remember, if you do become a courier, don’t forget to notify the Inland Revenue so you’re paying the right amount of tax and won’t get a nasty fine later.
Do the school run – £200 a month
This is a bit of a strange idea and requires you to be around for the school run, but if you’re free at that time, then it might be a nifty earner for you.
Lots of parents have to get to work, are unable to do the school run and so are happy to pay for a school run nanny.
As a school run nanny it would be your job to pick the kids up from school and then supervise them as they do their homework until their parents return.
You don’t need to be qualified to do this but it will help if you have a nanny qualification or you’re an ex nurse or teacher (this reassures the parents that their kids will be safe with you!). Or if you have provable experience of looking after children – including having brought up your own – that is often acceptable to agencies and parents.
Whatever your qualifications, though, you’ll definitely need:
- An up-to-date CV
- A copy of a Disclosure and Barring Service (DBS) certificate
- Nanny certificates (if you have any)
- Written references (ideally from parents you have already worked for)
- An up-to-date first aid certificate – if you don’t have a first aid certificate, or your certificate has expired, you can get a new one by attending an approved first aid course
You may need to alter your car insurance as well to cover the child passenger – if this is the case, make sure the parents reimburse you. Speak to your insurer to find out how to do this.
The most effective way to get a job is through a nanny agency, and you should expect to be making at least £10 an hour.
Become an Uber driver – £400 a month
If you’ve got a few hours spare during the day, why not make some money as an Uber driver?
You’ll get paid to essentially function as a taxi in your local area, and you might even have a few interesting conversations as you earn.
To become an Uber driver, you’ll need to fit the following criteria:
- Be at least 21 years old
- Have a full UK driver’s licence
- And quite often you’ll need to show you have a certain amount of experience driving around in the city that you’re based
- You’ll also need a clean licence – you can see their points policy here
According to a recent report, Uber drivers earn about £11 an hour after costs (such as fuel and licencing).
So, if you could fit in around two hours a night, five days a week, you could be earning £440 a month on the side!