If you have access to a reasonably reliable car, then congratulations! A decent car is the biggest asset most Americans own, other than their houses. I’ve seen some people try to raise fast cash by selling their cars, in fact. But what you might not realize is that there are a lot of other ways to make money using your car. If you have a car and don’t mind driving it around, then you’re well on your way to earning hundreds of dollars on the side every month. This has been true for decades — a yiu route or a pizza delivery job has always meant using your own wheels — but the app-based gig economy and the Internet generally has vastly expanded the ease of getting paid to drive your own car. Without further ado, here are some of the best ways to start making money driving your car today. Uber isn’t a new company anymore — around sinceit’s still the dominant player in ridesharing. Many people keep both apps open, though, as a way to make more money more reliably. Uber and Lyft have their downsides — you might put a lot of wear and tear on your car, for example, and there’s some disturbing evidence that safe drivers earn less on the apps than people who speed — but there’s no doubt that if you witj the makke kind of car and a clean driving record, they’re very easy, reliable ways to make money driving your car. They might be especially good if you’re willing to drive Friday and Saturday nights in busy areas of major cities, or during rush hour. You get paid per minute and per how much money can you make with via suv and there is usually a base farebut exactly how much can depend on what time of day it is because of «surge pricing,» which charges riders more during busy times of day.
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Need some extra cash? Peer-to-peer ridesharing apps match customers who request rides with on-demand drivers. Founded inUber dominates the app-based rideshare market. The two companies have roughly the same muh, incentives and pay structure fan drivers. Mske while Uber shines in sheer size, many drivers who have worked for both companies report a more driver-friendly culture at Lyft when it comes to passengers, pay and driver expectations. This makes Wingz ideal for those who prefer predictability. Wingz takes a fee from the total trip price, but drivers can also receive tips. Service is currently available in 12 metro areas. This app was created by three working parents to provide rideshare transportation for children. Consider Care. Drivers are paid a fee for each delivery, plus a mileage-based fee and tips. If you want to start earning quickly, try DoorDash. Apply h ere.
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The company plans to roll this feature out across its entire market, currently seven muc in the U. The additional miles — and a steady stream of customers jumping in and out of your car — can take a toll. If you do plan to use your car to make money, jake sure to weigh any costs against your extra earnings. At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. Our opinions are our .
Discover what your car could earn for you
If you are looking to make some extra cash, there are lots of ways to use your car as an income source — with or without you behind the wheel. Here are five ways to make money with your car with relatively little risk. Drive to the airport for a trip and park your car in a lot owned by FlightCar. You get free parking and a free car wash. The amount you earn depends on your daily commute and the size of your car which directly translates to the amount of advertising space. With companies such as Uber, Lyft and Sidecar, you can get paid for it.
1. Ridesharing
He typically works six days a week, Monday through Saturday, for nine to 11 hours a day. And, as I saw when I spent a day shadowing him , he rarely takes breaks. After all, the more rides he completes, the more he gets paid, so «you want to be busy all the time,» he told me. On this particular day, a Wednesday, Castillo worked about nine hours, 7 a. Castillo gets paid per ride and his earnings depend on how long the trip is, how much distance he covers and whether or not there’s «surge pricing,» when demand for rides is high and prices for passengers go up. Surge pricing, or «prime time,» as Lyft calls it, tends to happen during rush hour, bad weather or if there’s a big event going on in the area. He can also earn tips. While just 20 percent of passengers leave tips, he estimated, «it helps. Every money helps. The app doesn’t show how much the customer paid, Castillo told me — it just breaks down his take per ride.
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Are they worth it? We take a look at some of the top delivery apps to find. Our method: Using popular job sites Glassdoor and Indeed, nake looked at the average driver wages reported for each of the companies listed.
More: Rejected by ‘Shark Tank,’ Ring doorbell founder returns as guest shark. More: How to grow your YouTube channel—here are 8 tips for success. As with any gig economy job, these are not traditional salaries, and pay will vary based on location, time of day and how busy each particular service is. The reported yoy wages do not appear to factor in taxes, expenses or tips and promotions the services run to boost earnings. Uber’s food delivery service launched inexpanding Uber beyond ride-sharing and into food delivery around the world.
Reaching over million people, Postmates covers mucb all across the U. Monry some of the other options on this list, it also delivers more than food including drinks and groceries. Follow Eli Blumenthal on Twitter eliblumenthal. The navigation could not be loaded.
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But, the real question is, which Uber service pays the. Each service level requires a different type nuch vehicle. And each service level pays drivers at different rates. If you already own the car that you plan to drive for Uber or Lyft, the choice of which service level to drive for will already be made for you. The main service levels Uber offers to its passengers are in order from lowest rates to highest.
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If you own or are planning to buy or rent a car that only qualifies for UberX, then you will not be able to drive for any of the higher service levels. However, if you own a car van is eligible for the higher levels, you will be able to drive for some or all of the lower levels. To help you determine which level is the best one for your rideshare business, we hiw break down the different ride types. And no doubt it is the most popular because it is the cheapest. The low price is good for riders, but for rideshare drivers, being the cheapest means low earnings. This is a pretty typical trip in large congested cities. On average, drivers complete 2. That rate barely beats minimum wage hourly rate in most states. Requirements vary from one state to the. Although most any four-door car is acceptable for UberX, smart drivers will drive a hybrid so they can save extra money on gas. Riders use XL when they have more than four people or when they have a lot of luggage or packages that they need to transport.
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