How much can you earn with SnappCar

How much can you earn with SnappCar
01-10-2024 SnappPartners
Our SnappPartners and owners have listed thousands of cars on SnappCar across different locations, with various car models and pricing. We crunched the data to determine which strategies yield the best returns and how much you can potentially earn as a SnappCar Partner.

If you want to start a business with cars 

 

 

Recommended purchase price

We recommend purchasing a car for around €5,500. This price range tends to offer the best return on investment (ROI), meaning it balances the cost of buying the car with the money you can earn from renting it out.

How Much Can You Earn?

Each month, you can expect to make around €600 from renting the car out through SnappCar. This is the amount paid directly to you.

What Are the Monthly Costs?

While earning €600 sounds great, you will have some regular expenses to keep the car running and available for rentals:

  • Insurance, keyless subscription, road tax, and maintenance: These are the basic costs to keep your car legally on the road and make it convenient for renters. These expenses average €208 per month.
  • Depreciation and interest: Over time, your car will lose value (depreciation). If you took out a loan or financing to buy the car, you’ll also need to pay interest on that loan. Together, these will cost around €126 per month.
How Much Profit Do You Actually Make?

After paying your expenses, you’re left with about €266 per month. This is the money you keep before taxes are taken out.

What About Taxes?

Since everyone’s tax situation is different, we can’t give an exact amount of how much you’ll make after taxes. This will depend on whether you’re renting the car personally or through a business and your overall income.

Why Is This a Good Investment?

If you invest €5,500 into a car and make €266 in pre-tax profit each month, that’s a 58% return on investment (ROI) over a year. In comparison, if you leave your money in a bank, you’d typically earn around 3.5% interest.


If you want to start a business with vans 

 

Recommended purchase price

We recommend purchasing a van for around €8,500. This price range tends to offer the best return on investment (ROI), meaning it balances the cost of buying the van with the money you can earn from renting it out.

How Much Can You Earn?

Each month, you can expect to make around €850 from renting the van out through SnappCar. This is the amount paid directly to you.

What Are the Monthly Costs?

While earning €850 sounds great, you will have some regular expenses to keep the van running and available for rentals:

  • Insurance, keyless subscription, road tax, and maintenance: These are the basic costs to keep your van legally on the road and make it convenient for renters. These expenses average €357 per month.
  • Depreciation and interest: Over time, your van will lose value (depreciation). If you took out a loan or financing to buy the van, you’ll also need to pay interest on that loan. Together, these will cost around €195 per month.
How Much Profit Do You Actually Make?

After paying your expenses, you’re left with about €298 per month. This is the money you keep before taxes are taken out.

What About Taxes?

Since everyone’s tax situation is different, we can’t give an exact amount of how much you’ll make after taxes. This will depend on whether you’re renting the van personally or through a business and your overall income.

Why Is This a Good Investment?

If you invest €8,500 into a van and make €298 in pre-tax profit each month, that’s a 42% return on investment (ROI) over a year. In comparison, if you leave your money in a bank, you’d typically earn around 3.5% interest.

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