If building a car sharing business is your driving motivation, or you’re looking to buy a car and want one that will earn as much as possible while it’s rented out, this data on average earnings will be helpful.

  In summary

The highest earning cars in the Car Next Door fleet are vans, located within 5 kilometres of the city. Other cars are also in demand - the biggest factor affecting earnings is how much of the time the car is available for bookings.


For all of the data presented in this article, we have looked at cars that:

  • are available at least 30% of the days each month
  • have been rented out on Car Next Door for at least one month

In this article, we look at the owner's income after we take our commission. You'll still have costs for running your car, but many of these may be tax deductible.

Top earning car types

  1. Van
  2. Convertible
  3. Ute
  4. SUV
  5. People mover

We have not seen any trends towards particular makes or models.

Median monthly earnings by car type

by_car_type.png

Other factors that impact on earnings

Aside from car type, there are several other factors that impact on earnings. The relevant combination of these factors will have a big impact on your car’s earning potential.

Due to the consistent high demand for vans, these factors have less impact on van earnings than they do on car and ute earnings. For all the graphs below, we’ve presented the data separately for vans to provide a more accurate picture of how the various factors impact on median earnings across the Car Next Door fleet.

Availability

Availability is the number 1 factor impacting on earnings. There is a definite trend between availability and earnings. The more available your car is, the more bookings it will get and the more money it will earn.

Cars and utes: Median monthly earnings by availability

availability_-_utes_and_cars.png

Vans: Median monthly earnings by availability

availability_-_vans.png

Age

New cars (under 3 years old) are popular and earn more - but there’s not a lot of difference between a 5 year old and 12 year old car’s earnings. Older cars are great to rent out, as long as they are well kept and in good mechanical condition.  

Age isn’t really an issue for vans: they earn just as much if they’re 10 or 12 years old as if they’re new.

Cars and utes: Median monthly earnings by year of car

age_-_cars_and_utes.png

Vans: Median monthly earnings by year of van

age_-_vans.png

Transmission

Borrowers are not able to borrow manual cars unless they are experienced manual drivers, so manual cars get fewer bookings. Automatic cars earn around 46% more than manual cars, and automatic vans earn over 100% more than manual vans.

Cars and utes: Median monthly earnings by transmission

transmission_-_cars_and_utes.png

Vans: Median monthly earnings by transmission

transmission_-_vans.png

Common questions

Do particular car types do well in certain suburbs?
Not that we have noticed.
 
If there are other cars in my chosen location, does that have a positive or negative impact for me?
More cars make for a more active network and attract more borrowers, for a positive impact overall.

Related articles

Eligibility criteria for cars
The income guarantee

Get your car earning for you now. Learn how easy it is to rent your car here!
List your car on the Car Next Door platform

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