1. Money-making strategy: Drive for Uber or Lyft

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Every time.

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How to Become an Uber or Lyft Driver

However, this does not influence our evaluations. Our opinions are our own. Driving for Uber or Lyft is often presented as an easy way to make money : sign up, then drive.

View Larger Image 10 Ways to Make Money Fast If you want to make some extra money on the side, there are quite a few options available to you.

But the reality is not that simple. You need to meet certain age, vehicle and insurance requirements, and pass a background check — which can take a few weeks — before you can start earning on either platform.

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Driver requirements Uber and Lyft have slightly different requirements for drivers. Here are the basics for each service: Uber driver requirements Meet the minimum age to drive in your city. Have a valid U.

How to Become an Uber, Lyft Driver - NerdWallet

Pass a screening process, which will include a review of your driving record and possibly a background check. Provide proof of residency in your city or state.

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Make money fast for cars driver requirements Meet the minimum age to drive for your city and state. In some states, you need at least one year of licensed driving experience. An out-of-state license will suffice in some cases. Pass a screening process, which includes a criminal background check and review of your driving history. Make money.

  1. 32 Proven Ways to Make Money Fast
  2. Getting paid for it!
  3. TitleMax will continue to service existing loans originated before January 1,
  4. Selling to a private party gives you the ability to ask a retail price for your vehicle and potential to make the most money, if you sell it fast.
  5. Real ways to make money without leaving home (or your car)

Each service also has specific requirements for cars: Uber vehicle requirements Passes required inspections at an Uber Greenlight Hub or local inspection center.

Inspection requirements vary by city and state. Drivers can still get inspections via local inspection centers where available.

Meets vehicle age requirements in your city and state typically 10 to 15 years old, maximum. Not titled as salvage or rebuilt.

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No commercial branding. Working windows and air conditioning. A minimum of five factory-installed seats and seat belts. Passes any inspection required by your city or state. Not titled as salvage, nonrepairable or rebuilt.

Meets vehicle age requirements in your city and state typically or newer.

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Insurance requirements Uber and Lyft drivers need to have auto insurance coverage in their name. Minimum insurance requirements vary by state, and some places have special requirements for ridesharing drivers. Your personal policy could also leave you with coverage gaps. A commercial auto policy may be required for certain types of Uber drivers.

6 Ways to Make Extra Money With Your Car

How to maximize earnings Familiarize yourself with the various earning and bonus options offered by each ridesharing service. Check for guaranteed-pay promotions in your area, which ensure your weekly or hourly earnings as long as you meet certain requirements.

Take advantage of peak hours — when demand for rides is high — through Uber surge pricing. That might mean waiting for rides after a special event or making yourself available to drive during the morning commute.

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Maintaining a stellar rating can also boost your earnings, so remember to keep your car clean, be friendly and use a reliable GPS. About the make money fast for cars Kelsey Sheehy is a personal finance writer at NerdWallet. Read more Devon Delfino is a former personal finance writer for NerdWallet.

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