Do you have a nice car that is just sitting there getting dusty? Well, in case you do, this one's for you. Oh, by the way, I thought I'd give you a picture of my old jalopy after a hard day's work (see image above).

I know people who have pretty nice cars that they hardly ever use. Or maybe they only use them at the weekends. Whatever the reason for your four-wheeled friend sitting around all day, it is possible to send the jalopy out to work for you.

Typically, your car is an out-and-out cost, but it doesn't have to be. Your car can quickly become a breadwinner if you see it as an asset to use.

Rent Out Your Car on Car-Sharing Platforms

If you don’t use your car daily, you can rent it to others and earn passive income. Platforms like Turo and Hiyacar allow you to list your car for rent on their websites or apps.

How It Works:

• Turo:

  • Sign up on Turo.

  • List your car with photos, a description, and its availability.

  • Set your daily rental price (Turo provides pricing suggestions based on your car type and location).

  • Renters book your car, and Turo handles insurance and payments.

• Hiyacar:

  • Similar to Turo, Hiyacar helps you rent out your car locally.

  • They also provide keyless technology so renters can access your car without meeting you in person.

Earnings:

• Depending on the car type, location, and demand, you can earn £30–£100/day.

• Popular cars in busy cities can generate £200–£500/month or more.

Why It’s Great:

• Passive income with minimal effort—just keep your car clean and in good condition.

• The platform handles insurance, and your insurance is unaffected.

Potential Challenges:

• Wear and tear on your car.

• Limited demand in rural or less populated areas.

Don't worry about the mileage going crazy; you can easily decide when to stop, and when managed and balanced correctly, excess mileage can be prevented by giving old Herbie days off!

Here's To You And Herbie!

John Duncan