4 Ways to Use Your Car to Make Some Extra Cash
Extra Cash
Most of us could probably use some extra cash now and then, and you can use your car to earn additional income.
Here are several ways you can make money by putting your car to work.
Be a Paid Driver
Use your car to drive for a pizza company while making deliveries. You will probably get mileage compensation along with regular hourly pay and customer tips.
You may also be interested in driving for DoorDash, another popular food delivery service, or Uber, which lets you earn mileage for driving passengers to their destinations, similar to a taxi service or a private car.
If your car is in good condition, and you hold a valid state driver’s license, you can start earning money with your driving skills.
Sell Unneeded Parts
If your car has had extra features installed that you longer need, you could sell them while keeping the car.
Speakers, remote entry, and a high-quality radio are popular items that you might be able to earn money from.
Snow tires or a spare tire, along with a flat tire repair kit and tools, might attract buyers as well.
Certain kinds of seats or deluxe floor mats could also be sold.
Sell Your Vehicle
If your car is not running very effectively or not at all, and if it needs costly repairs that you can’t afford to get, you could sell your car outright and use the earnings as a down payment on your next vehicle.
Post on Craig’s List or online ad with a statement like “buy my junk car,” and you will probably see quick results.
Many people like to rebuild older cars as a hobby or to save money instead of buying a newer vehicle.
Post your ad on social media or through an auto sale website with a photo and brief description of the car.
Donate It
Some vehicles can be donated to certain charities that use them for transportation of their clients.
In return, you would receive a tax deduction, although that would not be available cash for the present.
It might, however, help to reduce your tax liability when filing returns.
An older beat-up car doesn’t have to go to waste. Often, it can be repurposed, sold, or donated to make a profit.
If you have a vehicle that you want to have hauled away, before surrendering it and receiving nothing, consider the above options to bring in some extra cash in one form or another.
Category: Family Finances
As you work out if this is often worthwhile to you, these can even assist you buy your car which is great. Some people are already doing that. Confirm you think about the wear and tear also as depreciation on your vehicle. Don’t drive yourself into poverty.