03 October 2011

How to Make Money Using Your Car

As the cost of living continues to soar people realize that what they make from their regular jobs is not enough. With an existing uncertain economy making some extra income is what everybody would be thinking of. Ideas like launching a side business may sound appealing, but without start-up capital, you may be limited to your existing skills and assets. And one such asset you can leverage is your car.

Look at how you can make your car as a source of income.

Rent Your Car


How to Make Money Using Your Car


If you are a person who uses your car only on the weekends then you can consider renting it out during the week to someone who needs it. Or if you only use your car for the commute to work during the week, why not rent it out to someone who requires a car for a getaway over the weekend? You can a separate income by renting out your cars. There are some sites that you register to rent your car. In this case your car gets insured automatically and you receive entire details of the person using your car.

Do Paid Advertising

How to Make Money Using Your Car


Consider allowing companies to use your car as advertising space for a set period. But with this your car will be pasted with colorful ad's. You can decide how much of your car you want to cover and how much you earn will depend on this. Prior to that check with your car insurance company to see whether having advertisements on the car bodywork will increase your premiums. It's also important to ensure the company you've signed up with fits the adverts professionally so that damage to your car is minimized.

Sell It

How to Make Money Using Your Car


Old or used car accessories that are probably aren't necessary and can be sold. Try and be innovative when you sell it so that you get a better deal for what you selling. There are several options for doing this. You could sell it privately by marketing in the local newspaper, or by putting an advertisement on your car window. Or approach a local car dealer garage. Or you could even try to sell it through an online auction.