The Fabulous Ways You Can Make Money From Your Motoring Obsession

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If you’re obsessed with motoring, cars, and all things four-wheeled, then you know that they can be a money sink. No matter how much money you earn each month, it’s never enough to cover the costs of your motoring desires. You want track days, new parts, and the latest model of Lambo. It’s a never-ending cash drain.

Or is it?

It turns out that savvy motoring enthusiasts have found smart ways to transform their hobby into something that has the potential to have a net-positive effect on their bank balance. But how?

Check out the following fabulous ways you can make money from your motoring obsession.

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Put Your Garage Up For Rent

If you hop onto Rightmove and search for properties to rent and then filter by price low-to-high, you’ll notice something: the first few results are people renting out their garages. You can make as much as £300 per month in some locations, making it something well worth doing if you’ve got the space.

So long as you don’t mind giving up your indoor space for your vehicles, you can make quite a bit of cash on the side from renting out your garage space and put all that money you get into a fund for your next car.

Rent Out Your Parking Space

It’s a similar thing when it comes to parking spaces: you can rent out your space to other people if you don’t need it.

Granted, renting out a parking space isn’t as lucrative as renting out a garage – after all, you can’t do as much with a parking space as you can a garage. But if you live near to a major transport hub, like a train station, you can potentially make a lot of money. People want to be able to park their vehicles for cheap during the day, and if you’ve got space, they’re often willing to pay for it by the month.

Invest In Private Number Plates

Private number plates aren’t just for millionaires or people with big egos: they’re also a smart investment. Private number plates from Primo Registrations, for example, have increased in value substantially over the years. The reason for this increase is the fact that there are only a limited number of road-legal number plates in existence. Every year there are more cars on the road, people get slightly wealthier, and the price goes up. Buying private number plates is a little bit like buying wine, art, or gold. It doesn’t create any new wealth, but it’s a great way to store value and get a return that beats inflation.

Rent Your Car Out When You’re Not Using It

Renting out your car isn’t the easiest thing in the world. But if you can make use of it, at the weekend when you don’t use it, then you could make a fair bit of money. People will pay more than £50 a day to rent a vehicle, so you could make lots of money each month, even after factoring in agency costs and insurance extras.

Start A Car Blog

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If you know a lot about cars, then there’s a chance that other people want to gain your insights. The car enthusiast market is enormous, with millions of people interested in all aspects of motoring.

It takes time to build a blog, but once you’ve got an audience, you can start making money from advertising to supplement your income.

Become A Local Courier

Courier services are becoming more popular as people demand next-day and same-day delivery of valuable, one-of-a-kind items. Firms have popped up, offering casual and temporary work to people with cars to ferry goods from one location to another. If you love driving and want to spend more time in your car and earn money to boot, then signing up to become a courier in the evening could be the perfect way to make a bit of money on the side.

There are a number of companies that allow you to sign up and become a driver. These include Amazon Flex, Yodel and Hermes.

Use Your Car As An Advert

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Not all motorists will find the idea of putting a commercial wrap on their private vehicle a good idea. But there are agencies which connect companies who want to advertise their brand on the road with private motorists. The company pays the agency who takes a cut and then passes the rest on to you. Agencies include CarQuids and Rollin’ Ads. Just remember, you can always say no to an advert you don’t feel comfortable with.