You’ve come to the right place if you’re a car owner living in Nigeria and wondering how to make money with your car. Whether you’ve just purchased a car or have one sitting in your garage, there are numerous ways to turn your car into a source of income. In this article, we’ll explore ten unique ways you can start making money with your car in Nigeria in 2023.
Ways to Make Money in Nigeria with Your Car
Here are some novel ways to make money with your car right now:
1. Online taxi services
Because of the income it generates in the short term, this is the first way to make money with your car in Nigeria. You can use your car for Uber, Taxify, or any other e-hailing service and earn money immediately. The process can be stressful even if you have all the necessary documents. If your vehicle qualifies, the registration process is simplified.
To make money with your car through the e-hailing business, you must be able to drive or have someone drive it for you. I recommend that you drive your car yourself based on my experience. This is to avoid unneeded stories from hired drivers about why they cannot meet their daily delivery amount.
If you are unable to drive or do not have the time and are seriously considering starting an e-hailing business, it is recommended that you put your car on hire purchase. This entails putting your car on a specific amount and having the driver pay you daily. He becomes the car owner once he has reached the specified amount.
You can earn between #200,000 and #300,000 per month as an Uber or Taxify driver. If you bought a car with a car loan, you can pay it off quickly by providing this service.
2. Car Rental
Another way to make money with your car in Nigeria is to use it as a car charter or drop. Many Nigerians, particularly older people, dislike e-hailing services because their prices cannot be bargained. Instead of going somewhere, this group of Nigerians prefers to charter a car. This could be a meeting or an owambe.
They will charter your car and pay you handsomely for your services. The main advantage of using your car for chatter is that the profit is solely for you. Unlike e-hailing services, you are not required to share your profits with any third party because the agreement is solely between you and your customer.
The amount you earn from this type of service is largely determined by the type of customers you have and how frequently they patronize you.
3. Automobile Rental
Do you own a unique vehicle with unique features? You can start making money in Nigeria by renting out this car. Car owners in Nigeria who make money from car rentals typically own Ferraris, Bugattis, or other high-end vehicles.
However, if you own a regular car or a Sienna, you can still make money by renting out your vehicle. To begin a car rental business today, first, inform your friends and family that you have started a car renting business so they can use you if they need someone to rent a car.
4. Moving Company
This is the fourth way in Nigeria to make money with your car. My Sienna-owning friend made some quick cash the other day by assisting my neighbour with his move to his new apartment. He didn’t mind going on three trips.
You, too, can use your car to assist people in moving out or in and earn money in the process. The amount you can earn from this business is determined by the distance you travel, the number of trips you make, and the type of load you carry on those trips.
5. Airport Transportation
If you live near an airport in Nigeria, this could be your best option. The airport shuttle business involves transporting passengers from the airport to any location in Nigeria. For example, a passenger arriving from the United States will require an airport shuttle to take him to Victoria Island.
You can charge this passenger between #10,000 and #20,000 for that ride. It is simple to start making money with your car using this method; however, joining the association may take two weeks or more. The best thing about the airport shuttle business is that it allows you to meet and network with influential people.
6. Vehicle Promotion
This is very common among Nigerian car owners. They use their cars to promote companies’ products and services. This advertisement is typically in stickers placed inside or outside the vehicle. Transporters frequently advertise their vehicles.
Aside from moving people, they frequently use this to supplement their income. The amount you earn from vehicle advertisements is determined by various factors, including the ad size, the length of time the ad will be displayed on the vehicle, and the type of vehicle on which the ad will be displayed.
7. Interstate Travel
Interstate transportation is another way to make money with a car in Nigeria. If you are unfamiliar with the term “interstate transportation business,” it simply moves people with vehicles from one part of the country to another.
The distance determines the cost of transporting people from one state to another and the amount of luggage carried. Consistently, you can earn #200,000 – #400,000 per month in this business. It is critical to note that cars used for interstate transportation must be strong and long-lasting.
8. Transportation Services
When you work in the delivery services industry, you assist businesses in delivering goods or products to their customers. You must register your vehicle with Nigerian e-commerce companies such as Konga and Jumia to make money with delivery services. You can begin working in two days if your paperwork is in order.
9. Courier service
This is related to the delivery of parcels from courier companies to individuals. These parcels could contain letters or items. You can use your car to deliver these packages and earn money. In Nigeria, courier service is one of the best ways to make money with your car.
10. school vehicle
Another way to earn money as a car owner in Nigeria is to drive your children to and from school. To get started, send proposals to schools in your area. Inform them that you are available if their school bus is delayed.
You can also discuss with some parents how you can assist them in getting their children to school for a fee. If you don’t like any of the options I mentioned above, you could start a driving school.
If you want it to, your car can be both an asset and a liability. Who says you can’t make extra money as a big boy or girl with your car? In these difficult times, you can use these methods to earn money daily and bring a smile to your family.