Running a car can be an expensive business.
The cost of buying the car, maintaining it, fuel and insurance all add up – so it’s time to start making your car pay for itself.
Here are eight ways you can use your car to make you money.
- Get paid over £200 with ads on your car
- Make money from your number plate
- Take part in a car boot sale and turn your trash into cash
- Become a driving instructor
- Become a courier
- Make a £1,000 with your old tax disc
- Turn your empty seats into cash in hand
- Make money doing the school run
Well companies will pay you to put ads on your car – you’ll get paid because you’ve turned your car into what is, essentially, a portable billboard.
It’s called vehicle wrapping and, what’s more, you can make about £100 a month doing it!
In order to be considered you’ll need to have:
- a clean driver’s licence
- a current MOT and road tax for the vehicle
- valid insurance for the duration of the contract
- no convictions for drink driving, manslaughter or dangerous driving causing death.
Ads on your car can be added and taken off without spoiling your paintwork and there’s full insurance should something go wrong – so don’t worry about that.
Each company works differently – some ask you to drive a certain amount of miles before you get paid whereas others will match the advertising to your usual routine.
We would offer up a note of caution about this method of money making however.
For some reason car wrapping attracts more than its fair share of scammers and cowboys so it’s important to fully research a company before deciding to hand over information and getting the ads on your car.
Search for reviews of the company on the Google, find an email address on their site and send a message to get some information before handing over information and make sure the company has a Facebook and Twitter page which has recent updates.
If it seems fishy, it probably is!
In 2009, £352,000 was paid for the number plate 1D, which shows number plates can bring in serious money.
They make a good collecting opportunity but there’s a chance that the number plate you have now might just hold some value.
If your number plate happens to contain a word then someone will pay a fair bit to get their hands on it.
Even if it doesn’t spell a word it might have popular initials – this again would entice people to spend good money so they can get their hands on it.
If you think your number plate might be worth something you can get a free evaluation from sites such as carreg.co.uk.
Places you can sell your number plate include:
If you’re serious about number plates then you can make good money investing in them, it’s just a matter of knowing what kind of plates to look out for and holding on to them until their value is at its peak.
Most of us have a load of junk that we could probably sell for a bit of money and a car boot sale is a great way to do this.
It’s a case of digging deep and finding what is lying around your house that’s potentially worth a few bob and loading it into the boot of your car.
Use a site like Car Boot Junction or Your Booty to find a good place to sell and make sure you arrive early so you can get the best spot.
Go around a few car boot sales first so you can pick up on what works well, keep your pricing simple and come prepared for all sorts of weather – it’s the UK after all!
If you’re serious about a career in driving instructing then there are certain things you’ll need. You must:
- Hold a full UK, European Union or European Economic Area unrestricted car driving licence.
- Have held a car driving licence for a minimum of four years.
- Not have been disqualified from driving in the four years before you apply to join the Driving Standard Agency’s register of driving instructors. (You must also declare any points held on your licence in the last six years. If you have six or more points you may struggle to get on a driving instructor training course).
- Pass a Disclosure and Barring Service (DBS) check. All offences (not just motoring ones) will be taken into account when deciding your suitability to be a driving instructor, as you’ll obviously be working alone with your customers. We have more information on DBS checks here.
- Be good with people! Are you patient, calm, and good at explaining things clearly? Don’t underestimate the importance of this – many people don’t hold these skills.
- Pass three tests: on driving theory, practical driving ability, and teaching skills. These tests are not easy – the pass rate is about one in three.
If you’re being paid to teach someone to drive, you must be an Approved Driving Instructor (ADI). This qualification is provided by the Driving Standards Agency.
You’ll have to be dedicated if you want to become a driving instructor – training can take a year to 18 months to complete and will cost anything between £2,500 – £4,000.
Click here to find out more and to see if becoming a driving instructor is for you.
There are over 60 courier companies in London alone, and more than 1,300 across the whole of the UK.
As a courier you’d be carrying parcels in your vehicle to their destination; on time and with minimum hassle.
You’d be self-employed, but contracted out to various courier companies. All the jobs are recorded by you and the company, and you invoice the company at the end of the week.
Beginning as a freelancer means you can start in your spare time and work around your current job while you build your business network. If you don’t work, you don’t earn. But the further you go and the more you can carry, the more you’ll get paid.
Obviously, if you’re planning on delivering a lot of items then it makes sense to have a bigger vehicle – you don’t necessarily have to deliver big, bulk items but it’s important to have sufficient room for a few items if you’re going to make a real go of it.
Earnings vary considerably but you could expect to be earning between £140 -£300, depending on how much time you can put into it.
Remember, if you do become a courier, don’t forget to notify the Inland Revenue so you’re paying the right amount of tax and won’t get a nasty fine later.
The paper tax disc might be a thing of the past but hopefully you didn’t throw yours away – it could be worth a nice sum of money (we did warn you)!
Admittedly your tax disc probably isn’t worth very much at this particular moment, even tax discs from 1926 in average condition are only selling for £40, but hold on to it and the value will increase.
People actually collect tax discs (veleologists) and the highest amount paid was for a disc from 1921, which sold for £810.
Much like stamps, your tax disc may become a rare collectable and a veleologist might be willing to pay big money for it.
Collectors are often most exited about the first and last of the items they collect, so it will be your last tax disc that’s most desirable.
If you happen to have a tax disc without perforated paper around it then you’re in luck – the DVLA ran out of the paper towards the end which means your disc is rare!
Remember, look after your disc well as you wait for it to become valuable. Any damage will reduce the value straight away.
Wouldn’t you much rather turn your empty seats into cash in hand?
To do this look at the regular journeys you make, whether it be to work each day or a trip to see your family over the weekend, and find out if anyone you know is heading the same way.
If there’s a colleague at work who regularly gets the train, why not offer to give them a lift in return for a contribution towards the petrol money?
We all know the cost of train travel, so you’ll be saving them money and making some yourself.
If you can fill all your empty seats then you could cover your fuel bill completely!
As a school run nanny it would be your job to pick the kids up from school and then supervise them as they do their homework until their parents return.
You don’t need to be qualified to do this but it will help if you have a nanny qualification or you’re an ex nurse or teacher (this reassures the parents that their kids will be safe with you!)
Whatever your qualifications, though, you’ll definitely need:
- An up-to-date CV
- A copy of a Disclosure and Barring Service (DBS) certificate.
- Nanny certificates
- Written references
- An up-to-date first aid certificate
You may need to alter your car insurance as well to cover the child passenger – if this is the case, make sure the parent’s reimburse you.
The most effective way to get a job is through a nannies agency, such as Top Notch Nannies, and you should expect to be making at least £10 an hour.
Which of these methods will you be using to make money from your car? Maybe you’re already doing a few of them? Let us know in the comments section below.