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.