Latest news with #RuthCalkins
Yahoo
3 days ago
- Automotive
- Yahoo
4 Ways To Use Your Car for Passive Income in the Next Year
Looking for ways to make extra money? Look no further than the car you're driving. According to experts, the car you have can become a moneymaker if you know the right ways to put it to work. Read More: Find Out: GOBankingRates spoke with two auto experts to find out how to make your car work for you and how much money you can expect to earn. Melanie Musson, an auto industry expert with highly recommends using Turo to rent out your car. Provided your car has less than 100,000 miles on it and is worth less than $200,000, according to Turo's eligibility guidelines, you can make money by renting out your car to people who are looking to drive around your city for a bit. 'Depending on your vehicle, you could make $100 a day or even more,' Musson said. Turo's website also had a figure that households renting out one car can pocket an extra $10,000 a year. You can get even more if you have more cars to rent out. Discover Next: People are always going to need rides and want food delivered, which is good news for people looking for another income stream. Auto expert and general manager at Find By Plate, Ruth Calkins, said drivers can use their cars to drive for ridesharing or deliver food. Earning potential, Calkins said, really depends on the specific app. 'Car owners [are] able to earn as high as $10-$25 per hour, although different platforms may have different rates.' Making money off your car can be as easy as affixing an ad to the door. 'With wraps and magnetic graphics, you can turn your car into an advertisement,' Musson said. Calkins agreed with Musson, saying if drivers know where to go, they can earn up to $500 a month advertising. 'Things like how much they drive, the routes they take, and the areas they frequent, because at the end of the day, the point of advertising isn't just to get messages across, but also to ensure that these messages get across to the right audience, and make enough of an impression.' Did you know that companies want to study your vehicle? Musson said that looking for studies concerning driving or drivers could earn you some extra money. 'Some research groups actually will pay you to allow them to monitor your driving habits and where you go. You could earn $100 a month through this avenue.' More From GOBankingRates 6 Big Shakeups Coming to Social Security in 2025 This article originally appeared on 4 Ways To Use Your Car for Passive Income in the Next Year Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Automotive
- Yahoo
3 SUVs That Will Break Down More Than the Average Vehicle
Not all SUVs are built with long-term reliability in mind, and some models are more likely to leave you dealing with unexpected repair bills. 'While some are known for their exceptional reliability, others are prone to frequent breakdowns and costly repairs,' explained Ruth Calkins, general manager and car expert at Findbyplate. 'This is just one of the reasons buyers shouldn't be easily swayed by the physical appearance or feature of an SUV when deciding to buy.' Trending Now: Find Out: If you're shopping for a dependable ride, these are three SUVs experts say tend to break down more often than the average vehicle. The Land Rover Range Rover isn't cheap. Kelley Blue Book shows a starting MSRP of over $109,000 brand new, but 'it costs a lot of money to buy new, but it loses value quickly because of how problematic ownership can become,' Melanie Musson, auto industry expert with wrote in an email. One of the most frustrating issues is with the infotainment system, which often malfunctions, as well as electrical issues and air suspension failures. 'Engine problems can result in repairs that take weeks to restore the vehicle's operational status,' Musson added. Consider This: The Volkswagen Taos is notorious for its engine issues, which are expensive to repair. According to Edmunds reviewers, maintenance issues are frequent, and the vehicle has unreliable electronics and some have faced costly repairs early on in ownership. 'Fuel system problems can cause drivers to run out of gas because the gauges malfunction, preventing them from accurately indicating the fuel level,' Musson wrote. 'The brakes often wear out quickly,' she added. This leads to frequent brake service, which can be costly. While it's known for off-roading, it doesn't mean the Jeep Grand Cherokee is reliable overall. 'Jeep, as a whole, has a reputation for breaking down,' Musson said. 'With the Grand Cherokee, different model years tend to have varying breakdown issues; however, there are consistently recurring issues that affect reliability and are frustrating for owners to have to repair.' This doesn't apply only to the newest model. 'There is also a serious concern with the fact that the 2024 Jeep Grand Cherokee has been recalled 11 times by NHTSA, over various safety concerns including issues with airbags, electrical systems, suspension and steering,' Calkins wrote. 'This recall points to potential gaps in the design or manufacturing of this vehicle, that may compromise its reliability as well as safety.' More From GOBankingRates 7 Luxury SUVs That Will Become Affordable in 2025 This article originally appeared on 3 SUVs That Will Break Down More Than the Average Vehicle
Yahoo
08-06-2025
- Automotive
- Yahoo
4 Ways To Use Your Car for Passive Income in the Next Year
Looking for ways to make extra money? Look no further than the car you're driving. According to experts, the car you have can become a moneymaker if you know the right ways to put it to work. Read More: Find Out: GOBankingRates spoke with two auto experts to find out how to make your car work for you and how much money you can expect to earn. Melanie Musson, an auto industry expert with highly recommends using Turo to rent out your car. Provided your car has less than 100,000 miles on it and is worth less than $200,000, according to Turo's eligibility guidelines, you can make money by renting out your car to people who are looking to drive around your city for a bit. 'Depending on your vehicle, you could make $100 a day or even more,' Musson said. Turo's website also had a figure that households renting out one car can pocket an extra $10,000 a year. You can get even more if you have more cars to rent out. Discover Next: People are always going to need rides and want food delivered, which is good news for people looking for another income stream. Auto expert and general manager at Find By Plate, Ruth Calkins, said drivers can use their cars to drive for ridesharing or deliver food. Earning potential, Calkins said, really depends on the specific app. 'Car owners [are] able to earn as high as $10-$25 per hour, although different platforms may have different rates.' Making money off your car can be as easy as affixing an ad to the door. 'With wraps and magnetic graphics, you can turn your car into an advertisement,' Musson said. Calkins agreed with Musson, saying if drivers know where to go, they can earn up to $500 a month advertising. 'Things like how much they drive, the routes they take, and the areas they frequent, because at the end of the day, the point of advertising isn't just to get messages across, but also to ensure that these messages get across to the right audience, and make enough of an impression.' Did you know that companies want to study your vehicle? Musson said that looking for studies concerning driving or drivers could earn you some extra money. 'Some research groups actually will pay you to allow them to monitor your driving habits and where you go. You could earn $100 a month through this avenue.' More From GOBankingRates Mark Cuban Tells Americans To Stock Up on Consumables as Trump's Tariffs Hit -- Here's What To Buy This article originally appeared on 4 Ways To Use Your Car for Passive Income in the Next Year Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
