A car's monthly income will be seasonal and affected by many factors. On average, over the course of a year a car earns $250 to $350 per month, SUVs earn $300-$500, vans and utes earn $350 to $750.
It is difficult to predict your car's income precisely. The average number of bookings is around six a month, but some cars are booked much more frequently. Some cars are busy right away and others might take a few months to build up a group of regular borrowers.
We'll be able to give you a more personalised earnings estimate after you submit your car listing. Our Owner Onboarding team will give you a call and let you know the average earnings for similar cars in your area.
Note: Car Next Door takes a commission on your car's earnings to cover our costs of running the platform.
The income averages above are based on cars that are available at least 50% of the days each month. The figures are for owner income after we take our commission. You'll still have costs for running your car, but many of these may be tax deductible.
Factors that affect earnings
There are many variables that affect how often a car is booked, including the car's location and seasonal demand. However the most important are:
- length of time on the platform
The more competitively you set your rate and the more hours you make your car available (particularly on the weekends), the more you're going to earn. It's also important to note that it can take a few months for bookings to build. If your earnings are slow when you first join it's worth sticking with it a bit longer as it's likely your earnings will grow the longer you rent your car out.
Doing additional promotion of your car in local hotspots, with some tools we provide you, will also help.
Availability is key
For optimal earnings, we recommend maintaining an availability of at least 70% on weekdays and weekends. The cars in the top 10% earnings bracket have an average availability of 90% in both periods.
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