We all know that a car is by no means an investment. Studies show that cars can lose up to 96% of their market value over their lifetime—some less, some even more. It’s clear that a car is not an investment, even with the worst math skills. Still, a car is a necessity for many people in their daily lives, despite often feeling like a bottomless money pit.
Until now, we haven’t really been able to talk about cars as an investment (unless it’s a rare collector’s item). But GoMore has changed that. With GoMore, your car can generate additional income. In several of our markets, car owners have started investing in cars specifically for rental purposes. This means that GoMore enables not just personal car-sharing but also professional or "side hustle"-style investment opportunities.
How Can You Make Money with Your Car?
GoMore is perfect for you if you own a car and use it like most people do—meaning it sits unused for most of the time because your full-time job doesn’t require it. With GoMore, you can rent out your car whenever it suits you, at a price you set yourself, allowing your car to earn passive income.
Additionally, our Keyless service makes renting even more convenient—you don’t even need to meet renters in person to hand over the keys. Learn more about Keyless here.
How Much Can You Earn from Car Rental?
Renting out your car through GoMore has already become popular in several countries, including Finland. Your monthly earnings depend on how many days you rent out your car, where your car is located, and what kind of car you have. On average, active car owners in Finland earn up to €300 per month, while Keyless car owners can make even €500 per month. These are average figures—there are no limits, and earnings vary based on the mentioned factors.
In Estonia, the upcoming car tax has been a concern for many. With GoMore, you can offset some or even all of these costs through car rental. Why not cover other car-related expenses or even fund a trip to Egypt?
Sounds interesting, right? Try it out and see for yourself how your car can generate income!
"Save money on the big, boring stuff so that you have something left over for life's little pleasures." – Elisabeth Leamy
