Forget finding a second job or side hustle to earn extra cash.
You can earn truly passive income by sharing your car whenever you don’t need to drive it. Unlike those working for rideshare or food delivery companies, you don’t need to spend time behind the wheel or interacting with others in order to earn money sharing your car.
If you’ve recently searched “how to make money with my car,” then this guide is for you. We’ll dig into how car sharing works, what you can expect to earn and how to rent your car out with Avail.
How much money can you make car sharing?
The money you can make through car sharing depends on several factors, including your car’s size, how long you can share it and how often it’s booked during the sharing period. But if your question is, “How much can I rent my car for?” then Avail makes the answer pretty transparent:
With Avail, you’ll earn $20 a day when someone borrows your standard-size car, mid-size SUV or van. If you share a large SUV, you’ll make $25 a day when someone borrows it. So, what if your vehicle isn’t borrowed? Avail pays out guaranteed earnings of $50 per week. If your car is borrowed more often, you can make even more.
5 reasons to share your car
There are other benefits to sharing as well. For example, you can park your car for free in the Avail lot during its sharing period — an excellent perk for street parkers — and it will be returned to you refueled, inspected and cleaned, both inside and out. Avail prescreens all drivers and protects your vehicle with Allstate insurance* so you can sit back and earn worry-free. If easy money and saving on parking aren’t convincing enough, here are a few additional reasons to consider car sharing as a source of passive income:
1. No additional investment required
You can make money with your car as long as it meets Avail’s sharing requirements. No need to buy anything additional or pay a fee to participate.
2. No disruptions to your workday or routine
With Avail, you only need to remove your personal items from your vehicle and drop it off. Your “work” stops there. Avail will handle everything else, including bookings, key handoff, cleaning, refueling and payouts. We use a secure key box to facilitate key exchange between car owners and borrowers, so you never need to meet up with anyone in person to share your car.
3. Car sharing happens on your schedule
If you’re staycationing, vacationing or don’t need to drive for five days or more, you can share your car and make money. You set the sharing schedule that works best for you. If you have an unexpected need, you can reserve and use your car while it’s listed for sharing, as long as a borrower hasn’t booked it for a trip.
4. Quick payment
Avail will pay you at the end of each booking as soon as the borrower returns your car. You can immediately transfer your earnings from the Owner dashboard to your bank account or let it accumulate for a bigger payout. With Avail’s transparent earnings and guaranteed income, you’ll know what to expect each time your car is borrowed.
5. Vehicle protection and customer support
When you leave your car with Avail, we take precautions to secure it from the inside out, including equipping it with a monitoring device and protecting it with Allstate insurance coverage*. You’ll also have access to 24/7 customer support should any questions arise.
How to make money sharing my car with Avail
Leave your keys with us and come back to a clean car and easy money. Getting started is simple:
1. Verify your car’s eligibility
We have a few requirements your car must meet to be accepted for sharing.
2. Create an account
Create an account with Avail and share details about your car to get it approved for sharing.
3. Set your sharing details
Choose your sharing location and the dates you want to share your car (at least five consecutive days).
4. Get your car ready for sharing
When your sharing period begins, remove your personal items from your car and drop it off with your keys at the Avail lot or garage you selected.
We handle everything from there, so the money you earn is truly passive. How easy is that?
Start making money with your car today
If your vehicle is collecting dust in a parking garage or your driveway, there’s no better way to put it to use and make money than by renting it out via a car sharing service like Avail. With our simple reservations, easy payment process and flexible scheduling, earning some extra income is about as simple as it gets.
If your car meets our requirements and you’re ready to earn extra cash, start sharing with Avail today!
Frequently asked questions about making money with your car
How does car sharing differ from traditional car rentals?
Car sharing works differently than traditional car rental companies in several ways. When renting a car from a conventional rental company, you rent from a fleet of vehicles that may or may not be local to your area. Car sharing lets you borrow a car from a local in your community when you need one or share your own car with others to make money.
When you rent a car from a company, it can sometimes be a complicated process. Avail offers flexibility that allows you to book a car ahead of time or pick one up from a location near you in as little as four hours. It makes car sharing a convenient option for impromptu road trips and errands requiring a vehicle. Other differences include:
- Car rental companies can charge additional fees or even restrict you from renting a vehicle if you’re under 25 years old. Avail charges all drivers (21+) the same rate. You can also add a second driver to your reservation at no extra cost.
- Many rental companies require you to wait in line or spend time with an agent to pick up your car. Avail offers self-service pick-up and drop-off that get you on the road faster.
- Most rental companies require you to get and return your car during traditional business hours. Avail lets you pick up and drop off the car between 5 a.m. and midnight, for flexibility that fits your schedule.
How can I make passive income from my car?
Making passive income with your vehicle has never been easier. While using your car to earn money with rideshare or delivery services is always an option, they’re not passive — you still have to drive around. What you can do, however, is make money renting your car to others.
With Avail, you can let others borrow your car when you don’t need it. Earn as little as $50 per week without doing anything beyond dropping your car off and letting others drive it. If a borrower uses your vehicle, you can make as much as $25 per day.
Read additional peer-to-peer car sharing FAQs.
*Avail owners are required to have collision and comprehensive coverage on their personal policy (Avail Plus owners are exempt from this requirement). All owners, including owners with Avail Plus status, are responsible for meeting their state’s minimum insurance coverage requirements.