You’re a few dollars short of paying your rent this month and are at odds with how you’re going to come up with the money. You could sell some things that you don’t need anymore or let a stranger drive your car.
Renting out your car can feel a little nerve-wracking. You don’t even want to let your teenager use your car, let alone someone you don’t even know. We’re here to tell you that it’s not as bad as you may think.
It’s so easy that some people do it for a living. Keep reading to learn how to start making extra money using your vehicle.
How to Rent Out Your Car
It’s not too hard to set up your car for rental. All you have to do is visit https://www.carshair.com/, Turo, or another company and register your ride. In most cases, it has to be less than ten years old and have fewer than 125,000 miles on it to make the cut.
Once you’re approved, people will be able to rent your car. If you get a hit, you’ll drive it to a drop-off site and get paid when the renter brings it back. That’s all there is to it!
How Much Can You Make?
There are a lot of things that factor into how much you can make by setting your car up for auto rental. Depending on the make and model of your car, the number of days you can rent it out, the mileage, the year it was registered, and the value of the vehicle, you can make some serious bank.
What If the Driver Gets Into an Accident?
It can be nerve-wracking to put your vehicle in the hands of someone you don’t know. What if they crash your car while they’re out?
Will you have to pay for the damages? Will your insurance go up? The answer here is no.
On top of having your own insurance, you’ll also be covered by the vehicle rental company. How much coverage you get depends on the business. You’ll have to read their policy before you get started.
Benefits of Renting Out Your Car
Other than money, are there are other benefits of renting out your car? For one, you’ll get your payment fast. Again, as soon as the renter turns the car back over, you’ll get your money.
If you’re renting your car as a full-time job, all you have to do is make sure that your vehicle stays cleaned and kept up. Other than that, you’ll have all the free time in the world.
It works off of your schedule. You’ll have your vehicle when you need it and when you’re not using it, you can rent it out for a little extra cash.
Make Extra Money by Letting Others Borrow Your Ride
As you can see, renting out your car is the perfect way to make a little more money to pay for the things you need. All you have to do to get started is sign up. After that, everything else will fall into place.
If you’re looking for more ways to make some side cash, we’ve got you covered. Check out the Finance section of our blog to get started.