6 Ways to Make Extra Money With Your Car

How to make money for driving license, How to Become an Uber, Lyft Driver - NerdWallet

Every time. We believe everyone should be able to make financial decisions with confidence. So how do we make money? Our partners compensate us.

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This may influence which products we review and write about and where those products appear on the sitebut it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.

Get Paid for Driving Your Car: 5 Legit Ways to Make $20+ Per Hour

Here is a list of our partners. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Driving for Uber or Lyft is often presented as an easy way to make money : sign up, then drive. But the reality is not that simple.

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You need to meet certain age, vehicle and insurance requirements, and pass a background check — which can take a few weeks — before you can start earning on either platform. Driver requirements Uber and Lyft have slightly different requirements for drivers.

Here are the basics for each service: Uber driver requirements Meet the minimum age to drive in your city. Have a valid U. Pass a screening process, which will include a review of your driving record and possibly a background check.

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Provide proof of residency in your city or state. Lyft driver requirements Meet the minimum age to drive for your city and state. In some states, you need at least one year of licensed providers of quotes for binary options experience. An out-of-state license will suffice in some cases. Pass a screening process, which includes a criminal background check and review of your driving history. Make money.

Each service also has specific requirements for cars: Uber vehicle requirements Passes required inspections at an Uber Greenlight Hub or local inspection center.

Inspection requirements vary by city and state. Drivers can still get inspections via local inspection centers where available. Meets vehicle age requirements in your city and state typically 10 to 15 years old, maximum. Not titled as salvage or rebuilt. No commercial branding.

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Working windows and air conditioning. A minimum of five factory-installed seats and seat belts. Passes any inspection required by your city or state. Not titled as salvage, nonrepairable or rebuilt.

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Meets vehicle age requirements in your city and state typically or newer. Insurance requirements Uber and How to make money for driving license drivers need to have auto insurance coverage in their name. Minimum insurance requirements vary by state, and some places have special requirements for ridesharing drivers.

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Your personal policy could also leave you with coverage gaps. A commercial auto policy may be required for certain types of Uber drivers.

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How to maximize earnings Familiarize yourself with the various earning and bonus options offered by each ridesharing service. Check for guaranteed-pay promotions in your area, which ensure your weekly or hourly earnings as long as you meet certain requirements.

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Take advantage of peak hours — when demand for rides is high — through Uber surge pricing. That might mean waiting for rides after a special event or making yourself available to drive during the morning commute.

How to Become an Uber or Lyft Driver

Maintaining a stellar rating can also boost your earnings, so remember to keep your car clean, be friendly and use a reliable GPS. About the authors: Kelsey Sheehy is a personal finance writer at NerdWallet.

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How to make money for driving license more Devon Delfino is a former personal finance writer for NerdWallet. Read more On a similar note