Rent Your Pickup Truck to Earn Extra Money

If you own a pickup truck or you’re thinking of purchasing the latest Ford Ranger, you’re already on the right track to making a passive income!

Renting out your pickup truck might just be the perfect side hustle for you – whether you’ve got extra bills to pay or you’re trying to save up for a holiday in the Bahamas.

Keep reading to learn more, and get ready to make some money!

What You Will Need

Before you start making money through this new venture, there are a few things you need to consider.

All pickup trucks are different. Some are more suited to certain tasks, and some are better work trucks. Depending on the brand and model, pickup trucks come in a range of sizes, heights, weights, engines, and bed lengths.

The type of pickup truck you own, and the condition that it’s in, of course, will play a part in your earning potential.

It’s needless to say that you’ll need to have vehicle insurance, and it’s important that you notify your insurance company before you begin to rent out your truck for cash.

You will also need an alternative means of transport when your truck isn’t around for a day.

How Much Money Can You Make From Renting Out Your Pickup Truck?

Did you know that you can easily make over $50 a day renting your pickup truck?

That could equate to more than $500 per month for not doing much at all!

Your earning potential will vary according to different factors.

For example, are you renting privately or through a 3rd-party app?

While you can charge more for renting your truck out privately, it may be more challenging to create a customer base when you’re first starting out. Or you’ll have to be prepared to spend on marketing yourself.

There are some excellent apps on the market that connect pickup truck owners with those looking to rent, making the whole process extremely simple. For example, Car Next Door.

Is your truck relatively new and in good condition, or old, with a lot of miles on the clock and in need of some TLC?

In general, you can make anywhere from $50 and up to $200 per day!

Other Ways To Make Money With Your Pickup Truck

As a pickup truck owner, you can choose whether you simply want to rent it out or offer another type of service (or both!).

The list of ways to make money with your pickup truck is seemingly endless!

Here are some of the main ways that you can make some extra cash:

• Food delivery
• Grocery delivery
• Junk removal
• Landscaping services
• Moving service
• Towing service
• Snow ploughing
• Advertising on the side of your truck
• Scrap metal collecting and selling
• Other odd jobs

Whatever job you decide to take on with your trusty pickup truck, most importantly, you’ll need to have a valid driver’s license and insurance.

The Pros and Cons to Rent Out Your Pickup Truck

Now you’re probably kicking yourself for not thinking of using your pickup truck to make money sooner!

But, before you jump into things, it’s always a good idea to consider all the pros and cons of the side hustle.

The Pros

• Choose your own schedule
• You won’t be doing the driving or work yourself
• Typically earn well over the minimum wage per hour
• Have the potential to receive tips
• Earn cash by making use of your truck when you wouldn’t normally be using it
• A side hustle that can be developed into a full-time business
• There are many ways to make money with a pickup besides renting it out

The Cons

• Your vehicle might depreciate faster (higher mileage)
• As a freelancer or independent contractor, you won’t receive benefits
• Have to file your income taxes accordingly
• Higher risk of damage to your vehicle

The Bottom Line

If you’ve been looking for another income stream and you own (or will be owning) a pickup truck, why not let it make money for you by renting it out?

And if you don’t like the idea of having a stranger behind the wheel of your precious vehicle (and you have some free time), why not try one of the several other options on the list of pickup truck-side-hustles?

That way, you will be responsible for driving your own truck, and you can pick something that you enjoy – whether that’s dealing with people, doing deliveries, getting down in the dirt, or whatever you fancy!

So, what are you waiting for? You could be making cash today!