There’s Money Hiding in Your Driveway—Most People Just Don’t Realize It Yet
Peer-to-Peer Car Rentals
Another burgeoning market is peer-to-peer car rentals. Platforms like Turo and Getaround allow car owners to rent out their vehicles when they're not in use. This can be particularly profitable for those who own vehicles that are in high demand, such as luxury cars or electric vehicles. Turo reports that the average host in the U.S. can earn over $10,000 annually by renting out their car2. This model not only provides additional income but also maximizes the utility of vehicles that might otherwise sit idle.