If you own a car, you are living with a monster! Not only was your car expensive to buy but it continues to cost you money for as long as you own it. The average UK car costs +£1,355 a year to maintain, and that is without taking into account variable costs and without even driving it! Check out how much a car can cost you every year and how you can offset these expenses.
How to make the monster work for me: RideLink
Worst of all, you are paying all these costs and only using your car a tiny fraction of the time. The average car in Britain is actually parked 96% of the time.
Instead of letting the car sit idly parked in front of their houses, car owners could put them to work for them. How is that? By renting their car out to other people when they don’t need it. That would allow them to defray the majority or even all of the costs of car ownership.
How much can car owners earn by renting their cars?
If a car owner rented for a price of only £25 a day for only 2 days a week they would be pocketing £1,820 a year! That would go a long way against the annual cost of £1,355, plus variable costs. Car owners with high end cars renting them out for £50 (or more) a day, would get £3,640.