Owning and maintaining a vehicle has become very expensive for the average person: insurance, maintenance, gas prices, taxes and so on. Is there any way to remedy this financial problem? A new report from Daily Finance’s Kyle Taylor highlights three simple ways to make money from your car, even if its value diminishes 20 percent as soon as it exits the lot.
“Owning a car doesn’t have to be a financial burden, though — and I’m not talking about cutting corners by choosing cheap gas or skipping necessary maintenance,” wrote Taylor. “Instead of looking at your car as a money-pit, turn it into a money-making tool.”
Here are the three ways to earn money from your car:
1. Ridesharing (think Uber)
2. Renting (think Flightcar)
3. Advertising (turn it into a driving billboard; think Advercar)
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