{"id":1418,"date":"2019-12-18T17:02:56","date_gmt":"2019-12-18T11:32:56","guid":{"rendered":"https:\/\/www.extramilefinance.uk\/blog\/?p=1418"},"modified":"2019-12-18T17:02:58","modified_gmt":"2019-12-18T11:32:58","slug":"how-to-make-pounds-by-renting-your-car","status":"publish","type":"post","link":"https:\/\/www.extramilefinance.uk\/blog\/how-to-make-pounds-by-renting-your-car\/","title":{"rendered":"How to Make Pounds by Renting Your Car"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_52 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69f70b6b99fbd\"><span class=\"\"><span style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69f70b6b99fbd\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.extramilefinance.uk\/blog\/how-to-make-pounds-by-renting-your-car\/#List_Your_Car_on_Turo\" title=\"List Your Car on Turo\">List Your Car on Turo<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.extramilefinance.uk\/blog\/how-to-make-pounds-by-renting-your-car\/#Rent_Your_Car_to_a_Rideshare_Driver\" title=\"Rent Your Car to a Rideshare Driver\">Rent Your Car to a Rideshare Driver<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.extramilefinance.uk\/blog\/how-to-make-pounds-by-renting-your-car\/#Rent_Your_Car_To_a_Local_Courier\" title=\"Rent Your Car To a Local Courier\">Rent Your Car To a Local Courier<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.extramilefinance.uk\/blog\/how-to-make-pounds-by-renting-your-car\/#Things_To_Consider_Before_Renting_Out_Your_Car\" title=\"Things To Consider Before Renting Out Your Car\">Things To Consider Before Renting Out Your Car<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.extramilefinance.uk\/blog\/how-to-make-pounds-by-renting-your-car\/#What_are_the_Alternatives\" title=\"What are the Alternatives?\">What are the Alternatives?<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>There\nwill hardly anyone who would not like earning extra cash. You more often than\nnot are in quest of finding ways to earn extra money to tide over. From\npart-time jobs top renting out a room, you try every possible thing to allow\nfor cash inflows.<\/p>\n\n\n\n<p>Some\npeople work as a driver, but it is an expensive deal because it may cost your\nfull-time job and weekend schedule. Many of you have cars parked idle, disbursing\nmoney on maintenance. Is it not nice to earn some money by your car?<\/p>\n\n\n\n<p>You can rent out your car and earn a good amount of money every day. However, if you do not have a car, you can <strong><a href=\"https:\/\/www.extramilefinance.uk\/loans\/borrow-money.html\">borrow money<\/a><\/strong> to buy it and then rent it out to earn extra money. This will make the loan payment easier too. Here is how you can earn money by renting your car.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"List_Your_Car_on_Turo\"><\/span>List Your Car on Turo<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Once you create your profile, the rest job Turo will do. It will set the price based on the model and location. However, it also allows you to set your own price. You will receive a notification if someone prefers to hire your car. You will have to quickly confirm or decline the request. Turo recommends checking the driver\u2019s license, fuel level, and mileage before handing the keys. <\/p>\n\n\n\n<p>Payout\nis between 65% and 80% of the trip price depending on the package you choose. You\ncan also rent classic cars through Turo, but the market value should be over\n\u00a380,000. The best thing about this app is it insures a car in case of damage or\ntheft. <\/p>\n\n\n\n<p>If\nyou have commercial rental insurance, you can escape the protection scheme\noffered by Turo and can earn up to 90% of the price. &nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rent_Your_Car_to_a_Rideshare_Driver\"><\/span>Rent Your Car to a Rideshare Driver<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There\nare various ridesharing companies like Uber and Lyft offering rise services to\npeople across the UK whether they have to run an errand or they want to explore\nthe city. If you have a friend who wants to work as a rideshare driver, you can\nlet them borrow your car. <\/p>\n\n\n\n<p>This\nis a perfect way to charge daily rent. However, you need to get their names\nadded to the insurance policy. This will increase your premium, but you can\nalways remove them down the road anytime. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rent_Your_Car_To_a_Local_Courier\"><\/span>Rent Your Car To a Local Courier<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Many\npeople work as a local courier to earn some extra cash along with their\nfull-time jobs. However, not all of them have their own cars. If you have a\ncar, you can rent it. Make sure that your car is in good condition, and you\nhave all relevant documents such as vehicle insurance documents. <\/p>\n\n\n\n<p>Before\nyou rent your car to a local courier, do not forget to verify the background as\nyou may be taken for a ride. Verify that the person has a driving licence and does\nnot have a criminal background.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Things_To_Consider_Before_Renting_Out_Your_Car\"><\/span>Things To Consider Before Renting Out Your Car<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>You\ncan earn money by listing your car on Turo, renting to a ridesharing driver and\na local courier, but bear the following points in mind before you set off.<\/p>\n\n\n\n<ul><li>Cities\nconcentrated with large companies are better areas for renting your car.<\/li><li>Negotiate\ncarefully before you sign a contract. If the deal does not seem profitable, you\ncan cast it aside.<\/li><li>Make\nsure that your car is in good condition. well-maintained cars are highly likely\nto be hired, <\/li><li>Be\ncareful about letting another person drive your car. Make sure that the person\nis reliable and not a reckless driver.<\/li><li>Look\nfor the additional cost you may bear if you list your car on Turo and rent it\nout to rideshare driver. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Alternatives\"><\/span>What are the Alternatives?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Renting\nout is not the only way to earn money with your car. <\/p>\n\n\n\n<ul><li>You\ncan rent your parking garage or parking lot if you are living in a highly\ncrowded area, for instance, the airport and sports stadium. <\/li><li>Wrap\nadverts around your car. Display ads are one of the greatest ways to earn\nmoney. Advertisement agencies use vehicles for brand building. <\/li><\/ul>\n\n\n\n<p>If\nyou are looking forward to earning money through your car, rent it out\nimmediately. It is not a time-consuming job. You can get it off the ground as\nsoon as you enter into an agreement. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>There will hardly anyone who would not like earning extra cash. You more often than not are in quest of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1419,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[149],"tags":[150],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.extramilefinance.uk\/blog\/wp-json\/wp\/v2\/posts\/1418"}],"collection":[{"href":"https:\/\/www.extramilefinance.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.extramilefinance.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.extramilefinance.uk\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.extramilefinance.uk\/blog\/wp-json\/wp\/v2\/comments?post=1418"}],"version-history":[{"count":1,"href":"https:\/\/www.extramilefinance.uk\/blog\/wp-json\/wp\/v2\/posts\/1418\/revisions"}],"predecessor-version":[{"id":1420,"href":"https:\/\/www.extramilefinance.uk\/blog\/wp-json\/wp\/v2\/posts\/1418\/revisions\/1420"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.extramilefinance.uk\/blog\/wp-json\/wp\/v2\/media\/1419"}],"wp:attachment":[{"href":"https:\/\/www.extramilefinance.uk\/blog\/wp-json\/wp\/v2\/media?parent=1418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.extramilefinance.uk\/blog\/wp-json\/wp\/v2\/categories?post=1418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.extramilefinance.uk\/blog\/wp-json\/wp\/v2\/tags?post=1418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}