If you own a truck but you don't use it that often, then you can rent it out to others so that it earns you passive income.
Many people who need a truck to do some kind of job are willing to pay for truck rent. Or, small businesses may need to rent a truck for a long-term period.
The beauty of renting out a truck is the profit that you can make with no effort.
Below, find how to rent out a truck for profit and the solutions to do so.
How much can you make by renting your truck
By renting a truck, you can earn up to $1000 and more per month. But it's impossible to give you a set-in-stone number and to promise you that you will earn that amount of money.
The reason why I and nobody can give you a clear estimate of how much you can make by renting a truck is that there are too many moving parts that influence this process. And your earnings will depend on how well you manage those processes.
Your profit will depend on the below factors:
- How many trucks do you have.
- What types of trucks do you have.
- How well those trucks rent out.
- How much you can rent them out for.
- How well you manage your expenses, and a variety of other factors.
How to Rent Out Your Semi-Truck
A couple of websites can provide you with a marketplace where you can list your rent-out wheels.
To apply to these websites, you need to share the make/model of your truck, proof of ownership, and a rent-out schedule.
Typically, rental companies don't list a truck if it is in poor condition or older than 10 years old.
However, once your truck is accepted, these rental companies do all the marketing and leg work.
Some of them even install electronic devices that allow the renter access to your truck after they have made the payment online and signed a rental agreement.
A couple of the most popular websites are:
Coop
If you have a semi-truck, a cargo van, or a box truck that doesn't see a lot of action then you can rent it out on sites like coop.com.
Coop.com is a Ryder company. So, they are certainly a reputable truck rental partner.
Rent out truck categories:
- semi-truck
- box truck
RentalYard
You can advertise your truck for rental on their https://www.rentalyard.com/ website or in their monthly newsletter.
Rent out truck categories:
- semi-truck
- box trucks
- tank trucks.
- dump trucks
- others.
Fetch
Fetch helps truck and van owners to find renters.
As a partner of Fetch, you can earn 65% – 80% of every rental.
For people who want to rent a truck, Fetch is convenient They can rent their truck by days or hours. Customers can reserve the vehicle through a mobile app and pick it up 24/7 by checking in and out with a phone.
While Fetch is convenient for customers, it’s also a great platform for truck and van owners who want to make some extra money. Vehicle owners can list a truck or van, or an entire fleet, for rental. Fetch helps with pricing, promotion, management, and customer service.
Rent out truck categories:
-- box truck
-- cargo van
-- pickup truck
FluidTruck
Fluidtruck enables businesses and people to rent a commercial vehicle at a tap of a button.
Rent out truck categories:
- box truck
- cargo van
- pickup truck
GetAround
GetAround is a non-traditional car rental company. It's like the BNB of car rentals.
Anyone who wants to rent out their vehicle can post it on getaround.com and interested individuals contact you directly.
Rent out truck categories:
- cargo van
- pickup truck
Turo
Create a profile on Turo about your vehicle and write a short description of the truck. Include all its features for the people looking to rent.
Rent out truck categories:
- cargo van
- pickup truck
Start a truck rental business
If renting out your truck works for you, that is a good prerequisite to scale this into a truck rental business.
If you have good credit score, than you can use it to acquire more trucks to rent them out while slowly paying back a low monthly payment.
