Do you own a vehicle? If so, you may be able to use it to make some extra cash. Thanks to the emergence of the gig economy, there are plenty of ways to earn an income, including with your car.
Read on to discover some of the more popular apps available that pay you for use of your vehicle in a variety of ways.
How To Make Money Driving Your Car
If you have a car — or at least access to one — you can use the following strategies to earn some extra money:
- Advertising on it
- Renting it out
- Delivering food
- Driving others
Let’s go into a little more detail about each monetization tactic and the platforms that can help.
Advertise On Your Car And Earn Cash
You’ve probably seen vehicles on roadways with company logos and slogans plastered on them. Odds are, you probably just assumed the people driving these cars are the owners or employees of such companies. But that might not always be the case.
These days, you can get paid to drive your car around town with advertisements plastered on your vehicle. You literally don’t have to do any work — simply drive to wherever you have to go and let your vehicle and the advertisement do the work for you. You won’t get paid very much, but this tactic doesn’t require you to dedicate any time or effort.
Here are a few platforms available that will pay you to use your vehicle as a mobile advertisement.
What is rideshare car insurance and do you need it?
Wrapify
Wrapify offers drivers the chance to make extra cash by wrapping their vehicles in advertisements. You have the freedom to choose the advertiser and the look of your car, such as partial, full, or panel wrap covering. Plans range from 3 months to 1-year contracts.
Payments are as follows:
- Lite coverage: $196-250/month
- Partial coverage: $196-250/month
- Full coverage: $264-452/month
Drivertise
Drivertise pays drivers to put commercial messaging on their vehicles. Your car will need to be in good condition, and your driving record should be relatively clean.
Drivertise pays as follows:
- Rear window: $70/month
- Rear window and 4 doors: $130/month
- Half wrap: $170/month
- Full wrap: $250/month
Carvertise
When you apply to advertise other businesses with Carvertise, you’ll be matched to a specific brand. Your car will then be wrapped with advertisements according to your specifications.
Drivers can make anywhere from $350 to $1,500 per campaign. Payments are made once a month. Once the campaign is complete, the wraps are removed from your car.
Are you a gig worker in Canada? These are the tax tips you need.
Rent Your Car To Make Money
If you have a car, odds are it’s parked for a good portion of the time. During these downtimes, why not rent it out to others in exchange for cash? With the following platforms, you can rent your car out to make some extra money.
Turo
Turo is the world’s largest peer-to-peer car-sharing company that lets car owners rent out their vehicles. It’s available in more than 56 countries, including Canada.
You can list your vehicle for free and earn 70% to 80% of the cost of each trip if the renter pays the fee. Share your car with other drivers when you don’t need it and earn an average of $620 each month.
Here’s how it works:
- List your car for free.
- Set your price and rules, or let Turo automatically adjust the price to help you maximize earnings.
- Confirm where and how to give the keys to the renter before the trip.
- Check the renter in with the Turo app.
You’ll earn 70% of the price of the trip and will be paid by direct deposit within 3 days following the trip.
Drivers are covered with $2 million in liability insurance. Otherwise, you can boost your payments to 80% of the trip price by waiving this policy if you already have commercial rental insurance. You’ll also get reimbursed for fuel and any mileage over your limit.
Getaround
Similar to Turo, Getaround is a carsharing program that lets you rent your car out to another driver whenever you don’t need it. Or, take things a step further and start a carsharing business.
You can use a car you already own, or start building a small fleet of vehicles that you can use to rent out. You can use your earnings to re-invest into your business as you see fit.
Getaround offers innovative technology that allows you to track your earnings performance. Drivers are screened and verified for safety purposes and are limited to 200 miles per day. When this limit is exceeded, they’ll pay extra fees.
Getaround comes with 24/7 roadside assistance and up to $1 million in insurance coverage.
Apps That Pay You To Deliver Food
Restaurant deliveries are nothing new, but not all restaurants offer these services. Nowadays, you can have food and drinks from just about any eatery — including coffee shops and other smaller food options — delivered to your front door thanks to food delivery services.
These platforms also provide opportunities for money-making gigs that you can take advantage of if you have a vehicle accessible to you.
UberEats
UberEats is a popular food delivery service operated by Uber. Customers can order food from a variety of eateries and have a driver from UberEats deliver it to their front door.
As an UberEats driver, you can earn extra cash delivering food orders and work around a schedule that works for you. According to GlassDoor.ca, drivers can earn anywhere from $18 to $19 per hour on average.
User requirements :
- Be at least 21 years old
- Have a 2 or 4-door car no more than 20 years old
- Have proof of vehicle registration
- Have proof of car insurance
- Have proof of eligibility to work in Canada
- Pass a background check
DoorDash
DoorDash is another food delivery service operating throughout Canada and the US. If you have your own car and some extra time on your hands, you can become a DoorDash driver and earn money by delivering food orders to DoorDash customers.
You can work whenever your schedule permits you and earn an average of $21.88 per hour, according to Indeed.com.
User requirements:
- Be at least 18 years old
- Have a car, bike, or scooter
- Have a valid driver’s license
- Have proof of car insurance
- Pass a background check
- Have access to a smartphone
SkipTheDishes
SkipTheDishes is a Canadian food ordering service that allows customers to order food from their favourite restaurants and have their orders delivered to their front door. As a SkipTheDishes driver, you can earn extra money in your spare time, as long as you have a reliable vehicle.
According to Indeed.com, you can earn an average of $20.43 per hour and get paid every week.
User requirements:
- Have a reliable vehicle
- Have a valid driver’s license
- Have proof of car insurance
- Have a smartphone
- Pass a background check
Instacart
Instacart is a grocery pick-up and delivery service app. Your job is to pick out groceries according to the customer’s requirements (and make requested substitutions if the original items are unavailable) and deliver the groceries to the customer’s door.
According to Indeed.com, Instacart drivers make an average of $742 per month, and any tips that customers leave are 100% yours to keep.
User requirements:
- Be at least 18 years old
- Have a reliable vehicle
- Have a smartphone
- Be able to lift 50 pounds
- Pass a background check
Amazon Flex
It’s estimated that about 84% of Canadians order items online from Amazon, so there are certainly plenty of employment opportunities with the online retail giant. That includes becoming an Amazon Flex driver.
Many Amazon boxes that are delivered to homes are dropped off by drivers who use their own vehicles to make deliveries.
Drivers in Ontario and Alberta will get Amazon Insurance Coverage that provides contingent collision coverage. According to GlassDoor.ca, Amazon Flex drivers make an average of $22 per hour. Payments are made every Wednesday.
User requirements:
- Be at least 19 years old
- Have a 4-door, mid-size sedan or larger vehicle
- Have proof of car insurance that allows for the delivery of goods
- Pass a background check
- Have a smartphone
Get Paid To Drive Others
Taxi services are still available to transport people, but ride-sharing platforms have given commuters another option to consider. And if you’ve got a car, you can use it to drive people wherever they need to go and make some money doing it.
Here are a couple of the more popular ride-sharing apps to consider.
Uber
Uber is the world’s largest ride-sharing company. You can drive for Uber part-time or full-time, depending on your current schedule. According to Glassdoor, you can earn an average of $17 to $21 per hour.
User requirements:
- Have at least 1 year of driving experience
- Have a vehicle in good condition
- Have a valid driver’s license
- Have proof of car insurance
- ass a background check
Lyft
Lyft is another popular ride-sharing program that you can take advantage of to make some cash driving people around in your car. As per Glassdoor, you can earn an average of $17 per hour as a Lyft driver. You’ll be paid weekly and get to keep all tips.
User requirements:
- Be the age of majority in your province
- Have a valid driver’s license
- Have proof of car insurance
- Pass a background check
- Have a 4-door vehicle or rent one through Lyft’s Express Drive program
Final Thoughts
If you have access to a car, there are plenty of ways you can use it to make some extra cash. Consider any one of the above-mentioned platforms to start earning.