Earn Passive Income From Your Cars

[timewo]

The income from the cab is not fixed, it depends on the demand for the vehicles and the competition in the area. In popular tourist spots there is more demand for cabs.

 

[eldavis]

The income from the cab is not fixed, it depends on the demand for the vehicles and the competition in the area. In popular tourist spots there is more demand for cabs.

True but these days things have changed to some extent. People usually prefer to take a cab than to use their personal car due to the cost of petroleum and the likes, then not to mention the fact that there is an increase in companies like bolt and the other car hire organizations.

 

[Fidelia]

You can hire your car out on days that you art not going out to make some money from it. But it is risky though and you have to manage the risks.

 

[Hate2Wait]

Its not fixed but if you are available and have passion to work then you register on various apps and work and make good money

 

[Passiveearner]

Placing advertisements and sponsorship ads on your car is also one of the great Aya to earn money by putting ads on cars.

 

[Shavkat]

In my country, shared car business is not feasible. Renting vans is sweeping over here.

 

[Starmix]

A car for rent cannot be made a passive income because it depreciates, however, you can save the rents for future usages.

 

[fcbetting]

I have personal car but I didn't have idea working as cab service. Here we don't have many taxi users. Most people have personal cars or rent cars.

 

[Stardom22]

Owning the cars is a very great thing for sure. The Car owners couldn't sleep hungry for sure.

 

[Starmix]

No, my car is for me alone. Renting is not on my vocabulary. I might have a criminal rider.

 

[Hate2Wait]

We don't need to give away our car on rent but if we have number of cars or we have the option to buy another even if used and use that to earn by allowing someone to drive it

 

[Stardom22]

When you own cars one can easily run a car hire business for that matter.

 

[Passiveearner]

Many people have been purchasing cars so they they can use cars to offer services in companies like uber. This became a common trend around 7 to 8 years ago.

 

[cherry123]

Good passive income and it is not bad. just get a company to brand it's name on your car and get paid for doing so

 

[Hate2Wait]

Now in India many have stared to earn passive income from E-Rickshaw and what they do is they buy these E-Rickshaw and then give it to a person who is interested to drive and earn and will take daily rent from him/her