Vital Dollar may receive compensation from companies, products, and services covered on our site. For more details, please read about how we make money.
This article is sponsored by Fetch. All opinions are my own.
If you own a pickup truck or cargo van, you know how useful they can be. Whether you’re moving to a new house or apartment, buying/selling furniture, hauling an appliance, or simply running errands that call for a little extra space, there are plenty of situations where a truck or van is necessary.
Those who don’t have a truck or van may need to rent one from time to time. Additionally, many small businesses need a truck or van on a regular basis. If you own a vehicle that you’re willing to rent out to others, this provides an excellent opportunity to make some easy money.
In this article, we’ll look at how you can rent out your truck or cargo van in a simple and practical way. It’s easier and more lucrative than you might think.
Why Rent Out Your Truck or Cargo Van?
Before we get into the details of how you can rent your truck or van, let’s first look at the reasons why you might want to do it.
- Make Extra Money. Are you looking to make some money outside of a full-time or part-time job? There are plenty of side hustle options, and renting out a truck or van is a possibility that’s often overlooked.
- Start Making Money Right Away. Many side hustles that involve building a business require a lot of work and some patience before you start making money. If you’re looking to start earning quickly, renting out your truck or van could be a good choice.
- Passive Income. One of the great things about a rental side hustle is that it doesn’t require a lot of your time. Your truck or van can become an income-genrating asset that brings in money without much effort on your part.
- Build a Business. Renting out a truck or van is a great side hustle, but it can also become something bigger. It’s possible to grow your fleet and turn it into a full-time business.
How Much Money Can You Make?
According to Fetch, you can earn up to $1,800 per month by renting out your truck or van. Fetch helps truck and van owners find renters (more on that below) and as a partner, you’ll earn 65% – 80% of every rental. Fetch helps with pricing your rental to achieve maximum utilization. You can also increase your earnings by offering add-ons like moving supplies and pre-paid cleanings. Fetch pays vehicle owners on a bi-monthly basis.
Fetch guarantees that you’ll earn at least $1,500 in your first 90 days of listing a vehicle (per vehicle, for up to five vehicles). All the details are available on Fetch’s website.
What is Fetch?
Fetch is a convenient platform that allows people to rent pickup trucks, cargo vans, and box trucks by the day or hour. Customers can reserve a vehicle with a mobile app and then 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.
How to Rent Out Your Truck or Cargo Van
If you’re interested in making some extra money from your truck or van, it’s easy to create an account and list your vehicle on Fetch. Fetch will promote your vehicle to renters in your local area and will handle all of the details related to payments. They also handle renter verification and general customer support.
One of the reasons why renting out your truck or van through Fetch is so passive is their smart device. The device is easily installed on your vehicle and will then allow renters to access the vehicle so you don’t have to meet each renter in person. The device will also track details like the location, mileage, and fuel level.
Where is Fetch Available?
As of February of 2022, Fetch is available in many cities and states, with more coming soon. Popular cities include Atlanta, Dallas, Los Angeles, Philadelphia, Miami, Orlando, Tampa, Jacksonville, Baltimore, and Washington, DC. Check the locations page to see if Fetch is available in your area.
What Vehicles are Eligible?
Of course, Fetch has some requirements in order for a vehicle to be eligible for rent. It must be a pickup truck or cargo van manufactured within the past 12 years, with no salvage title, and with current registration and insurance. Existing rental businesses with commercial insurance also have the option of listing box trucks (12 feet or less) for rent.
Is It Safe to Rent Out My Truck?
Peer-to-peer rentals through Fetch are covered by insurance and protection plans. If you have a rental business and your own existing commercial insurance policy, you may opt-out of the coverage from Fetch.
The policy from Fetch provides $1 million in liability coverage during the rental period (the insurance policy does not cover the vehicle when it is not being rented by a Fetch customer). You can find more details in the summary of vehicle owner earnings and protection plans.
Final Thoughts on Renting Out Your Truck or Cargo Van
While there is no shortage of side hustle options out there, most of them take a lot of time and effort. That’s fine if you have the time available, but people with very busy schedules may have a hard time finding a way to earn extra income.
By renting out your truck or cargo van, you’re able to turn that vehicle into an income-producing asset that makes money with very little time required of you. And you may be surprised by how much you can make through this simple rental side hustle.
Of course, you’ll need to consider factors like putting additional miles on your vehicle, but it can be an ideal option for truck or van owners who are looking for ways to make passive income. Visit Fetch’s website to learn more.