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How to make money from your car
So I am a big fan of the shared economy, where you can make money from renting out things you own, think JustPark or AirBNB.
Now can that be done with a car? I asked Richard Laughton CEO of easyCar Club to share some ideas on how to make money from your car.
Most of us own or need access to a car, but is your car working hard enough for you? A huge 96% percent of the time cars are sitting unused, providing great potential to make some extra cash when you’re not driving it. A car can be considered a ‘hidden asset’, capable of bringing in revenue in a number of ways. Here are five ways that could help you earn some extra cash.
Using your car for ads:
One easy way to …
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Get access to a car without the headache – Zipcar
I don’t drive my car often so schemes like easycarclub and ZipCar appeal to me. No insurance, maintenance or other overheads.
If you need access to a car, but don’t want the headache of running and maintaining a car, this deal that is running Groupon at the mo may appeal. It’s offering a year’s membership to Zipcar, with up to 60% off.
Available for the next day (so hurry up) for just £38.00, customers will get one year’s membership plus £35 of driving credit, a total saving of £56.50. Alternatively, customers can buy a one year membership plus £55 of driving credit for £49.00, saving £65.50.
Zipcar offers drivers all the convenience of car ownership without the hassle of insurance and other expensive obligations. Members can make bookings from home using the website or while …
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Make money by hiring out your car
As you may know, I rent out my drive using Parkatmyhouse. In the last nine months, I have made £501, and that’s not full occupancy either.
So when I heard about a car lending service I had to take a look, especially as my car has only done 20,000 miles in seven years so stays idle much of the time.
easyCar Club, from the guy behind easyJet was launched earlier this month.
The service provides a way to make money from your car when not in use, and also, gives a cheaper alternative to renting a car through Hertz or the like. Londoners trialled easyCar club for the past year, and found that they made an average of £1,800 per year (£150 per month), up to £3,500 per year!
I definitely like the idea …
