RENT OUT YOUR
CAR FOR CASH
What's it all about?
Peer to peer car renting has shaken up the car rental market in recent years and it is incredibly easy to get a piece of the action.
In very simple terms, you can rent out your car to somebody local whenever you are not using it.
Simply sign up with a website such as hiyacar and follow the process to get up and running.
The first step is to enter your Car registration number which enables them to provide you with a suggested daily rate that you can charge potential customers.
Profitability Factor High
Prior Knowledge/Expertise None
Location Restrictions Demand varies with locations
Overall Side Gig Rating 4/5
Practical Considerations: Your car must be less than 8 years old and you should tell your insurance company that you are renting out your car.
Realistic Earnings: Earnings vary depending on what car you have and the demand in your local area. You can earn £65 per day with a 4 year old BMW 3 series and £39 per day with a 4 year old Ford Fiesta. This is a superb side gig with very little effort needed as customers will pick up and deliver back your car to your home address.