If you don't use your car then it's pretty well obvious it will rot in your garage. There are some ways mentioned in this article by which you can earn passive income without even driving your car.
There may be some apps names mentioned here but wherever the app is promoted, I will ensure it in this article.
How to earn money out of a car without even driving?
1. Rent the car to a driver
There are many drivers out there who want to upgrade their mode of transportation and some may not be able to purchase a new car, rent them your car with a monthly or daily commission.
You can rent out your car to an Uber driver or to an aspiring Uber driver. Make sure that the renting pay is not too much for the driver causing him unable to pay you as well as make sure you don't have any issue with it.
You can even hire a person who is aspiring to become an Uber driver but do not have his own car.
Now how to find a driver?
You can ask your relative or a friend, or in some cases, you may have to trouble yourself to find a driver around you.
Another instance is to find any driver at the taxi service department who really wish to rent a car from you for Uber or other digital taxi services.
Or else, you may have to find a student who wants to earn passive money out of taxi service at Uber or another platform and is willing to rent a car.
Examp
2. Place the car on rent at Enterprise or Turo
Zoomcar is an Indian car rental company while on the other hand, Turo and Enterprise are American car rental companies.
Depending on the location, you can choose the rental app and place your car on rent. You can get paid when your car is rented by people.
You can earn money depending on the stuff presented by those respective rental apps.
How to put your car on rent?
Example:
3. Rent it out to a food delivery person
There might be a person at a food delivery place who wish to have a good car like you do and is frustrated with his old granny's car.
Where is that guy who need your car?
I can't say the exact location but you can certainly put a notice with the permission of the food delivery agent displaying the rental fee or you may directly go and talk to find out if you're quite of an extrovert.
Example:
4. Put advertisements on your car
Might be a better option if no car rental service wants your old car. Wrapping advertisements on your car can pay you a good amount of money.
Some popular advertising companies are Wrapify, Carvertise and Nickelytics. Unfortunately, I didn't get any popular companies from Asia and Europe.
About these ad wrapping companies:
(A) Wrapify:
- Location: New York, Chicago, Boston, Dallas and surrounding areas.
- Requirement: 2008 or newer registered vehicle and 30 miles per day or more.
- Earning: 100-200 USD per month
(B) Carvertise:
- Location: Nationwide
- Requirement: 2010 or newer registered vehicle and daily 50 miles commute.
- Earning: 100-450 USD per month (full wrap)
(C) Nickelytics:
- Location: Florida, Maine, Colorado, Louisiana
- Requirement: 2010 or newer registered vehicle and daily 30 miles commute.
- Earning: 100-500 USD per month (full wrap)