Now that you’re done with school, it’s time to start thinking about your next steps. For many recent graduates, that means finding a job and starting to pay back student loans. But what if there was another option? You can make money with your student car long after graduation.
Here are a few ideas to get you started:
Use your vehicle for advertising a local business
Suppose you own a vehicle with a large or visible advertising area. You can contact local businesses and offer to advertise their products or services on your car. Be sure to agree on a fee and a schedule ahead of time so there are no surprises.
Rent out your car on a short-term basis
If you live in a city or college town, people may be looking to rent a car for a day or two. It could be perfect for someone who needs a car for a special event or weekend getaway. You can advertise your vehicle on sites like Turo or Getaround and set your rates.
Working as a driver at goPuff:
GoPuff is a food and alcohol delivery service in more than 500 cities across the United States. They are continuously looking for additional drivers, and you can work as many or as few hours as you want.
To become a driver, you must be at least 21 years old and have a valid driver’s license. It would be beneficial if you also had a car insured and in good condition.
How much do goPuff drivers make: Drivers for goPuff make an average of $14 per hour. However, the pay can vary based on factors like the number of deliveries you make and the tips you receive.
Use it as a shuttle service between popular tourist destinations and airports
You can make money by shuttling people between these destinations and the airport if you live in a city with many tourist attractions. It is an excellent option if you have a large car or SUV that can fit multiple passengers.
You can advertise your shuttle service on sites like Craigslist or Airbnb. Be sure to set your prices ahead, so there are no surprises.
How much do food delivery drivers make: Drivers for food delivery services average $10 per hour. However, the pay can vary based on factors like the number of deliveries you make and the tips you receive.
Charge people to use it as a designated driver on special occasions like weddings or bachelor/bachelorette parties.
If you wouldn’t care about being the designated driver, you can make extra money by offering your services to people celebrating special occasions. It is a fantastic alternative if you don’t want to work late or on weekends.
To become a designated driver, you must have a valid driver’s license. It would be beneficial if you also had a car insured and in good condition.
How much do designated drivers make: Drivers for designated driving services make an average of $20 per hour. However, the pay can vary based on factors like the number of trips you make and the tips you receive.
Assist people in moving
You can earn money by assisting people with their move to a new home or apartment if you have a truck or van. It is a great way to make extra money, and it’s a service always in demand.
To become a mover, you must have a valid driver’s license. You also need to have a vehicle that is insured and in good condition.
How much do movers make: Movers make an average of $25 per hour. However, the pay can vary based on factors like the number of trips you make and the tips you receive.
Sell your car for a profit
You can always sell your car for a profit if you’re not using it. It is a great way to make some extra money and an excellent way to get rid of a new car.
You need to list your car on Craigslist or Autotrader to sell it. Be sure to set a reasonable price that reflects the condition of your vehicle. Once you’ve found a buyer, you’ll need to arrange a meeting time and place. Bring all required documentation, including the title and registration.
Considerations Before Using Your Car for Extra Income
Before you start using your car to make extra money, there are a few things you need to consider.
First, you must ensure that your car is in good condition. It should be regularly serviced and have no major mechanical issues.Second, you must ensure that your insurance policy covers you for commercial use. If it doesn’t, you could be liable for any accidents or damage while working.
Third, you need to set aside some money for gas and maintenance. It is essential if you’re going to be using your car for Uber or Lyft. Fourth, you must be informed of the risks involved in using your car for commercial purposes. These include the risk of accidents, theft, and damage to your vehicle.