Rent Out Your Car or Parking Space for Passive Cash
Let me ask you something: Is your car sitting in the driveway collecting dust? Or maybe you’ve got a parking spot that stays empty 90% of the time? If so, you’re missing out on a powerful stream of passive income that doesn’t require you to lift a finger.
Today, you’ll learn exactly how to make money renting out your car or parking space, which platforms to use, how to stay protected, and how to turn these idle assets into real monthly income—even while you sleep.
Let’s turn that space (or car) into a side hustle that pays.
🧠 Why This Works in 2025 and Beyond
In today’s sharing economy, people want access without ownership.
- Travelers want cars but don’t want rental counter headaches.
- City dwellers want to park near venues but don’t want to pay premium garage rates.
- Remote workers don’t drive daily and want to monetize their unused vehicles.
And here’s the kicker—demand is growing thanks to inflation, car rental shortages, and a rise in remote work.
You’ve got what others need. It’s time to start charging for it.
💸 How Much Money Can You Make?
Here’s a snapshot of potential income:
- 🚗 Car Rental (e.g., Turo, Getaround): $20–$100+/day
- 🅿️ Parking Spot Rental (e.g., Spacer, SpotHero): $75–$400/month
- 🏟️ Event-based Parking: $20–$50/night near venues
Multiply that by days, weeks, or seasons and you’re looking at $300–$1,500+/month in passive or semi-passive income depending on your location and availability.
🚗 Option 1: Rent Out Your Car
This works especially well if:
- You work from home
- You have a second vehicle
- You don’t use your car every day
- You travel often and leave your car behind
🔧 Platforms That Let You List Your Car
1. Turo
The Airbnb of car rentals. Turo allows you to list your car, set availability, pricing, and even approve renters.
- You keep up to 90% of the trip price
- Turo offers up to $750,000 in liability insurance
- You can rent out your car by the day, week, or long-term
2. Getaround
Unlike Turo, Getaround offers keyless entry tech so renters don’t need to meet you in person.
- Instant bookings
- Hands-off handoffs
- You get paid monthly
3. HyreCar
Ideal if you want to rent to rideshare or delivery drivers.
- Weekly rentals
- Drivers must pass a background check
- Great for longer-term passive income
🧼 What You’ll Need
- A car in good working condition
- Clean title and registration
- Insurance (platforms may supplement this)
- Phone with the platform’s app
📈 Pro Tips to Maximize Earnings
- Offer extras (bike rack, child seat, GPS)
- Keep your calendar up to date
- Upload clear, professional photos
- Respond quickly to inquiries
🅿️ Option 2: Rent Out Your Parking Space
Have a driveway? An unused garage? A commercial space that’s empty after hours? People are looking for parking every day—and they’re willing to pay for it.
🧭 Best Use Cases
- Near stadiums, venues, universities
- Downtown apartments with unused spots
- Driveways in urban/suburban neighborhoods
- Spare garages or covered carports
🔧 Platforms That Let You List Parking
1. Spacer
This is one of the biggest platforms in the U.S. and Australia for renting driveways, garages, and even storage.
- You set the availability
- You earn passive income monthly
- Can be short-term or long-term
2. Neighbor
Known for peer-to-peer storage, but people also use it to rent covered parking.
- You set your own price
- Payments are automated
- Insurance protection available
3. Parklee, SpotHero, JustPark
These apps help people find parking during big events or daily commutes.
💡 Want a weekend hustle? Charge for event-based parking near concert venues, festivals, or stadiums.
🔐 Is It Safe?
Totally fair question. These platforms invest heavily in user verification, insurance, and customer service. Here’s how they protect you:
For Cars:
- Insurance coverage during bookings
- Renter ID verification
- Damage photos + documentation
- 24/7 support
For Parking:
- Encrypted payments
- Verified renters
- Optional security cameras
- Clear terms set by the owner
Want to go the extra mile? Install a dash cam in your car or security cam facing your driveway.
📌 Recommended Product: A compact dual dash cam like the Vantrue N4 3-Channel Dash Cam gives peace of mind when others drive your car.
🛠️ Getting Started in 5 Simple Steps
Whether it’s your vehicle or your parking spot, setup is easy:
- Take good photos – Clean, bright, realistic images attract the most attention.
- Write a strong listing – Highlight features, convenience, safety, and flexibility.
- Set your schedule – Block off times when the car or space isn’t available.
- Decide on pricing – Check local competitors and price just under them to get noticed fast.
- Create your account and go live – Most platforms can get you listed in under 30 minutes.
💡 Real-Life Example: How James Made $900/Month
James lives in Chicago, walks to work, and realized his car sat unused 5 days a week. He signed up for Turo and started renting it out on weekends.
He made:
- $210/weekend on average
- $900/month consistently
- Paid off his car 2 years early
James now uses that income to fund investments—and his car essentially pays for itself.
🌱 Turning This Into a Bigger Income Stream
Want to level up?
Here’s how you can stack your income from this one idea:
- Own multiple cars and rent them out (fleet owners do this!)
- Buy undervalued vehicles, detail them, and list them on Turo
- Create content or reviews about your experience on YouTube or a blog
- Refer friends to platforms and earn referral bonuses
This doesn’t have to stay a side hustle. With smart planning, this can be the start of your online income journey.
🎓 Want to Learn How to Turn Ideas Like This Into Passive Income?
Renting your car or parking spot is a great way to start—but it’s even better when paired with other online income streams.
I personally recommend using Wealthy Affiliate to learn how to build a website, grow traffic, and earn money promoting services you already use.
Inside, you’ll learn:
- Affiliate marketing
- SEO and content strategy
- How to create digital income streams
- And how to earn while you sleep
👉 Click here to join Wealthy Affiliate and start building the skills that grow your income beyond parking spots and car rentals.
🙋 FAQ: Renting Out Your Car or Parking Space
Q: What type of car earns the most on Turo?
Premium or fuel-efficient models like Teslas, Jeeps, and hybrids are popular—but even basic sedans rent well in tourist areas.
Q: What if someone damages my car?
Turo and Getaround include insurance coverage. Always take photos before and after each trip.
Q: Do I need to meet renters in person?
Not always. Platforms like Getaround offer remote unlocking tech. You can also hide keys or use a lockbox.
Q: What if I only want to rent my parking space on weekends?
That’s fine—set availability however you like. You can even charge more for event nights.
Q: Can I do both—rent my car and my space?
Yes! If you time it right, your space earns when your car is gone, and your car earns when you don’t need it.
🏁 Final Thoughts: Your Driveway = Your Paycheck
Your car and your parking spot don’t have to sit idle. In fact, they can pay your phone bill, your rent, or fund your next vacation.
You already own the asset. Now it’s time to let it work for you.
With just a few clicks, you can turn your car or driveway into a real revenue stream—and that’s just the beginning.
🔥 Want to turn smart ideas like this into long-term income?
👉 Join Wealthy Affiliate today and start building a digital income plan that works while you sleep.
Larry Mac
Hi there, and thanks for stopping by! My name is Larry, and I’m the voice behind 6fig.com. I search the Internet to try and find Money making opportunities to share.. Thanks for stopping by, feel free to subscribe and comment. Thank You!
You Got This, I Learned these skills and More at Wealthy Affiliate. Hey if this 65 year old Grandfather can make money online, you can too!
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