Not owning a car can earn you money – here’s how

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Promoting your 2nd-hand car or truck for financial gain was so 2021. Here’s how you can gain above $15,000 a year by not even owning a auto!


It’s crystal clear now that as a modern society, we will shell out nearly something for comfort. From folks who bring you food items to endless video clip on need, if there is a much easier or much more effortless way to do matters, then it is a monetizable services.

Scenario in issue: finding a car or truck park is not 1 of life’s great joys.

Irrespective of whether you want somewhere to securely store your weekend wheels or just need to have to know that there will always be a spot for you, proper the place you require it, the business of securing that place has become fairly major business.



This week, Australian-centered ‘asset space’ facilitator Spacer concluded an acquisition of the North American on the net parking marketplace, WhereiPark.

This is more to the startup’s preceding acquisition of rival Australian provider Parkhound in 2019.

Getting on WhereiPark enables Spacer fast access to North American marketplaces (Usa and Canada), and far more than doubles the 50,000 house assets the business retains in Australia.



Generate spoke with Spacer CEO Mike Rosenbaum who claimed “we’re [Spacer] anticipating to see at minimum 50 for each cent growth year on yr above the future 12 months” for the Australian Parkhound business.

“What we’re viewing is a lot more demand from customers than offer at the second. Post-lockdowns, there are a lot more people seeking to travel again to the place of work or push in standard, they’re still hesitant to applying general public transportation since the virus is nevertheless in the community, so we’re constantly looking for far more men and women and companies.”

Running as a peer-to-peer facilitation system (like car or truck and accommodation sharing platforms), Parkhound permits you to provide your vehicle area (or storage space) for regular monthly hire.



You use a widget to function out a information cost, but you can established it to be regardless of what you like. This can variety from just more than $50 per thirty day period in an unreserved outside the house ton in the outer suburbs to effectively around $1000 for every month for safe parking in the town.

Undercover parking (close to the metropolis) tends to average around $300 for each thirty day period, or about $3600 for each 12 months. The most high-priced we discovered was $1280 for every month for secure swipe-access undercover in Sydney CBD.

Areas can even be flagged if they help electrical automobile charging.



You can rent a room, a garage, even your driveway.

“They can make on regular $300-400 a thirty day period and it really is passive revenue,” Mr Rosenbaum explained of Parkhound end users.

“Ordinarily the bookings are extensive-long lasting – they’ll e book for the study course of the 12 months. It’s seriously a get earn. People would be shocked that persons have to have parking in pretty much each and every suburb – even some of the fringe suburbs, individuals could will need an added place for a weekender.” 



The system will take an approximate 23 per cent commission, but that is used to the visible listing. So if you listing your garage for $200 per month, you generate $200 ($2400 for every calendar year) but the listing will display up as $246.

Not poor for just owning a parking location you are if not sitting on.  

James Ward

James has been section of the digital publishing landscape in Australia given that 2002 and has worked within the automotive sector given that 2007. He joined CarAdvice in 2013, still left in 2017 to work with BMW and then returned at the stop of 2019 to spearhead the material route of Travel.

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