When many hear of the expression earn money with your car, Uber or Lyft immediately come to mind. Indeed, they are probably the best ride-sharing services right now. But, there are many companies that are providing better alternatives. Turo is one of those. The company allows private car owners to rent out their vehicles via an online and mobile interface.
Takeaways: If you have a spare car this is a great way to make money by leveraging the power of the community. Furthermore, you can list your car while you are at work doing your 9-5. Instead of having it on the parking lot. At the end of the day, you get your car back and cash. But you have to be comfortable with strangers renting your car. However, before you jump-start find out if peer to peer car rental is good for you.
- Earn passive income: List your car, set your hours, price and conditions. Then wait for a person to contact you.
- Community-centered: Because some people will rent your car to do a ride-sharing or logistic business, they will earn money and you will earn money. It is a win-win.
- Off-set your car payment: The revenue can help you pay back your car payment.
- Facile: No effort required.