how much money can you make renting out your car?
to be clear, you won't be getting rich. renting out your car might generate a little bit of income for you, but not much more than what it'll cost to keep it going and insure it for the next day. if you want to make any real money from this endeavor, your best bet is to buy a whole fleet of cars so you have lots of options at all times.
in most cases the answer would be about $10-$15 per day which usually provides about $750-$1200 per month in revenue including gas expenses ($300-$500), paying off other debt ($1000), saving ($250). that means after deducting expenses one can expect an average monthly profit between $475-675 – not
can i legally rent my car to someone?
yes. there are two types of companies that already rent out cars, and you can just start a business on your own and go into the car rental industry as well. there will be certain guidelines and licensing requirements that come along with any new business investment but they should not deter you from starting this kind of enterprise if it's what you want to do.
#1) auctions: these events put customers in direct contact with sellers so there is little leg work for either party before the sale is made.
#2) chauffeur referral service: this service makes an introduction at a pre-negotiated fee between any of their chauffeurs and clientele who needs transportation services of any sort, including airport
