Not using your vehicle? Here’s how you can make money from it

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[SPONSORED] In an environment where working from home has become more common, the opportunity to turn one’s car into an additional income source could be lucrative. Moneyweb sidehustle finance

Cash-strapped car owners can now rent out their private cars via the RentMyRide platform, much like homeowners use Airbnb to rent out rooms or their homes for additional income.

Linda Trim, director at Giant Leap, one of South Africa’s largest workplace design consultancies, says that by June 2021, an estimated 50% of the South African workforce was working from home on a full-time basis. As the pandemic continued larger companies have become more flexible, either allowing employees to work from home or implementing a hybrid model requiring two to three days in the office rather than the previous five-day-per-week working model.

Molepo says she has already referred four of her friends to the platform and they are also successfully earning a second income via RentMyRide. To list a car on RentMyRide, your car must be licensed and have less than 200 000km mileage.

 

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