17. Car Sharing – you can generate income from an extra car by renting it out on a daily basis.  Investing in a new car solely to rent it out may not be profitable.

However, keeping a used car for car sharing and as a backup (instead of trading it in or selling it) can create a profitable income stream if you have the right car and there is enough demand in your city.

It is also a way to generate income for a car that would normally just sit in the garage if you frequently travel or go days without actually needing to use your primary vehicle.

Rental cars seem to be always in demand.

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