You won't have to modify your schedule or lifestyle if you choose to pursue these chances. You'll be able to drive your car normally while also earning some extra cash.
Some businesses will compensate you for your mileage data. This is a simple way to earn some passive cash with your car if you drive a lot and don't mind selling that information.
1. Tapestri
Tapestri is a location data broker that works with big companies to assist them understand consumer shopping behaviors. They accomplish this by selling the anonymized location data of all app users.
You're already handing out your location data if you use Snapchat, Instagram, Facebook, TikTok, Waze, or a million more apps. (When you downloaded and activated the app, you gave your approval.)
Tapestri is an app that you install and then forget about. That is all there is to it. As you travel about town with your automobile, it records your location history. You don't have to interact with the app in any way, and simply leaving it installed will earn you up to $25 per month, every month.
I earned a little more than $5 in the first ten days of using the app, and I couldn't care less if Target wants to know I work from home all day.
2. OnMyWay
OnMyWay is a data collection app that helps people avoid driving while distracted. You can acquire a link to download the app by going to the website and entering your phone number. You'll get $10 just for downloading it, plus $0.05 per mile driven without texting.
Although you won't get paid in cash to your bank account, PayPal, or Venmo account, you can use your profits to buy in-app discounts or shop at obscure stores like Hollywood Sensation or Jordan Lash. These are coupon codes that advertisers have purchased, and they range in value from $10 to $100.
3. Mobilo
Mobilo is a smartphone software that aims to eliminate distracted driving by paying users with points rather than cash. Your phone's Google Maps or another GPS app will be activated by the app. You'll earn points if you drive faster than 12 mph for at least two minutes.
Every minute you don't use your phone, Mobilo will give you one point. Every time you use your phone while driving, you'll lose a point. Your points can be exchanged for Mobilo, a new cryptocurrency. Mobilo will be accepted as a method of payment in the future by insurance companies and others who prioritize safe driving, according to the business.
The sole thing you can buy with the cryptocurrency as of February 2020 is Mobilio Airbag, which will help you if you get into an accident while riding with Zipcar or Share Now. You can use Mobilio Airbag to pay the damage cost Zipcar or Share Now will charge you if you buy it 30 minutes before your ride and don't use your phone throughout the journey.
4. Getaround
Getaround is a car sharing app that allows car owners to connect to people who need to rent a vehicle. According to the company, you can use it to earn hundreds of dollars per month as long as your car meets its requirements:
- Model year is 2010 or newer
- Has fewer than 125,000 miles
- Seats a maximum of 8 passengers
To get started with Getaround, create a free account, including details like the dates your car will be available as well as a pick-up and drop-off location. After a 30-day free trial, you’ll pay a one-time fee of $99 and a flat fee of $20 per month to continue to use the app.
A Getaround representative will install Getaround Connect, a device that allows renters to locate and unlock your car. You’ll also receive a digital key so you can access and unlock your car from your phone any time you’d like. Additionally, your car will carry a $1 million insurance policy when you rent it out.
You can read more about the company and how it works in our Getaround review.
5. Turo
Another car-sharing app is Turo. According to the company, if you own a car registered in any state except New York, you can utilize it to make $500 per month or more. Your vehicle must also meet the following requirements according to the platform:
- Be no more than 12 years old
- Have 130,000 miles or fewer
- Doesn’t exceed $150,000 in value
To join Turo, establish an account and then select "List Your Car." Enter information such as the make, model, and license plate number from there. Include information such as the size of the trunk and whether your vehicle has features such as a built-in GPS or leather seats.
Turo will recommend a daily charge for your car, but you can set your own price. How much of the rental payments you get to keep depends on the insurance coverage you choose.
Here’s an overview of your options.
- Standard Plan: The standard plan provides liability coverage as well as physical damage protection. You'll also get 70% of the cost of your vacation back.
- Premium Plan: If you choose the premium plan, you will receive 65 percent of your trip revenue. This plan is similar to the basic one, but it additionally includes wear and tear as well as the loss of rental income.
- The basic plan does not include coverage for wear and tear or loss of rental income. Turo will cover 20% of the first $3,750 in car damage expenditures and then 100% beyond that. You'll get to keep 85 percent of the cost of your trip.
Standard Plan: The standard plan provides liability coverage as well as physical damage protection. You'll also get 70% of the cost of your vacation back.
Premium Plan: If you choose the premium plan, you will receive 65 percent of your trip revenue. This plan is similar to the basic one, but it additionally includes wear and tear as well as the loss of rental income.
The basic plan does not include coverage for wear and tear or loss of rental income. Turo will cover 20% of the first $3,750 in car damage expenditures and then 100% beyond that. You'll get to keep 85 percent of the cost of your trip.
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