Best Side Hustles for Renting Car

Renting out your car is one of the best side hustles in Canada, offering flexibility and substantial income potential. This guide explores the top car rental side hustles, income potential, essential tools, and how to get started.

Turo

Turo is a peer-to-peer car rental platform where you can list your vehicle for others to rent. It's a convenient way to earn money by sharing your car when you're not using it.

Income Potential:

Earn up to $1,000/month depending on your car model, location, and demand.

Tools and Resources:

• Turo Website: Turo Canada
• Insurance guidance through Turo’s partner plans.

How to Get Started:

1. Create a Turo account.
2. List your car with photos, pricing, and availability.
3. Set your car's rental rules.

HyreCar

HyreCar connects vehicle owners with gig economy workers who need cars for ridesharing or delivery services. Ideal for those who want a consistent flow of renters.

Income Potential:

$800-$1,500/month depending on demand in your area.

Tools and Resources:

• HyreCar Platform: HyreCar Canada
• Background check services for renters.

How to Get Started:

1. Sign up on HyreCar.
2. Upload your car's details and availability.
3. Accept rental requests from gig workers.

Getaround

Getaround offers a simple way to rent out your car hourly or daily. The platform focuses on urban areas where short-term car rentals are in high demand.

Income Potential:

$600-$1,200/month, depending on usage.

Tools and Resources:

• Getaround Canada: Getaround
• Keyless car entry hardware provided by Getaround.

How to Get Started:

1. Register on the platform Getaround.
2. Install Getaround’s Connect device for keyless entry.
3. List your car for rentals.

Enterprise CarShare

If you own a fleet of vehicles, you can partner with Enterprise CarShare to rent them to users in need of a vehicle for a few hours or days.

Income Potential:

$2,000-$5,000/month for fleet owners.

Tools and Resources:

• Enterprise Canada: Enterprise CarShare
• Professional fleet management tools.

How to Get Started:

1. Contact Enterprise to discuss partnership opportunities.
2. Meet their fleet and vehicle standards.
3. List your cars for rental.

Essential Tips for Success

1. Maintain Your Car: Regular servicing and cleaning keep your car rental-ready.
2. Competitive Pricing: Research similar cars in your area to set the right price.
3. Leverage Reviews: Encourage renters to leave positive reviews to boost your listing’s visibility.
4. Optimize Availability: Make your car available during peak times for higher earnings.

Renting out your car in Canada is an excellent way to generate passive income while maintaining control of your schedule. Choose the platform that best suits your needs, and start earning today!