Car wrap advertisements can be a great way to cash in on your commute (and pay down student debt), but the industry is rife with scams. If you’re looking for a way to get paid to advertise on your car, here’s what to know before you sign up.
The average American spends 27 minutes (each way) commuting to work each day, according to the U.S. Census Bureau. Although you can use that time rocking out to your favorite music or listening to audiobooks, you could also be making some extra income.
Companies like Carvertise and Wrapify will pay drivers to put advertisements on their cars. These types of companies typically work with local or national businesses to develop the ads and connect them with drivers in their target area. Once you’re approved as a driver, the company will apply colorful decals — also called wraps — to your car for a set period of time.
The longer your commute, the more you can get paid to wrap your car. The more you drive, the more exposure the businesses get, so they’re willing to pay a premium for those who cover lots of miles. Depending on your commute, location and the campaign, you could potentially earn between $100 and $400 a month, or in some cases, more.
When Sonya Fishel Lawrence saw a post online for Carvertise, she thought it was too good to be true. The Pennsylvania-based registered nurse was looking to boost her monthly earnings, so this passive source of income intrigued her.
She decided to submit her application to Carvertise after looking up reviews. Within a few weeks, the company put the ad on her car and she was earning money. “I was paid $300: $150 after I took my car to be wrapped and the other $150 at the end of the campaign,” said Lawrence.
Although car advertisements can’t replace your salary, it can be a good source of income since it requires no additional time or work from you.
So how do you wrap your car? When you sign up for a car advertisement service, the company will prompt you to enter information about your location, daily mileage and car. Some companies have minimum requirements you must meet. For example, Carvertise has a 30-mile daily driving minimum, and your car must be a 2008 model or newer.
Custom paint jobs or specialty finishes could make your vehicle ineligible, as that can affect how the car wrap looks. Most companies require that:
- Your car has its factory paint job
- You have a clean driving record
Once you submit your application, the company will evaluate your submission and see if you’re a good fit for an upcoming campaign. In some cases, it can take weeks or even months before you hear back.
If the company selects you for a campaign, they will contact you to let you know. Though you might not get to choose the ad that’s applied to your car, you can opt out if you find the ad inappropriate in any way.
If you decide to move forward, the company will work with you to schedule a time for a specialist to wrap your car. The decals are applied with an adhesive made especially for vehicles so that it won’t damage or scratch your paint.
A campaign, depending on the advertiser and the car wrap company, usually runs anywhere from one to six months, or in some cases, even longer. After a campaign is complete, you make another appointment with the car company to have the decal removed.
Although you can get paid to advertise on your car, there are many scams out there. In fact, the Federal Trade Commission issued a warning in 2019 about car wrap companies scamming college students. Shady companies will say that you can get paid for having an advertisement on your car only if you pay a fee first. Or, they might send you a check for more than they owe you and ask you to wire them the difference. After you’ve wired the money, you’ll find that the check was a fake and you’re out the cash you sent.
It is important to research the companies before applying or giving away any of your personal information.
Legitimate car wrap advertising companies will meet the following guidelines:
- They don’t charge a fee: Real car wrap companies don’t charge drivers an application fee. You should be earning money, not paying for the service.
- They cover the wrapping cost: Car wrap businesses cover the cost of applying and removing the car wraps. If they ask you to pay or say they’ll reimburse you, look for another company.
- They have minimum requirements: Shady companies don’t care what model your car is or if you have a bad driving record. They just want your money. Legit car wrap advertising jobs mean that the company will ask about your car’s make, model, year and your driving history before accepting you.
- You must have car insurance: To drive with the reputable companies, you’ll need to show proof of car insurance coverage.
- They have a customer service line: If you have questions or run into problems during a campaign, you should be able to contact the company and talk to a real person.
If you have a long commute, it is possible to boost your monthly income by wrapping your car and just going about your daily routine, but be careful before signing up. Make sure you research each company before sending in an application or giving them any personal information to verify that it is legitimate.
If car wrapping doesn’t sound like a fit for you, there are other ways to increase your income. Here are 10 side gigs you can start this week.
Maya Dollarhide contributed to this report
Interested in refinancing student loans?Here are the top 9 lenders of 2022!
|Lender||Variable APR||Eligible Degrees|
|2.49% – 11.72%1||Undergrad & Graduate|
|2.50% – 6.30%2||Undergrad & Graduate|
|4.13% – 7.39%3||Undergrad & Graduate|
|2.49% – 7.99%4||Undergrad & Graduate|
|2.49% – 7.99%5||Undergrad & Graduate|
|3.24% – 8.24%6||Undergrad & Graduate|
|2.48% – 7.98%||Undergrad |
|1.74% – 7.99%7||Undergrad & Graduate|
|3.69% – 9.92%8||Undergrad & Graduate|
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1 Important Disclosures for Splash Financial.
Splash Financial Disclosures
Terms and Conditions apply. Splash reserves the right to modify or discontinue products and benefits at any time without notice. Rates and terms are also subject to change at any time without notice. Offers are subject to credit approval. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet applicable underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers. If approved, your actual rate will be within a range of rates and will depend on a variety of factors, including term of loan, a responsible financial history, income and other factors. Refinancing or consolidating private and federal student loans may not be the right decision for everyone. Federal loans carry special benefits not available for loans made through Splash Financial, for example, public service loan forgiveness and economic hardship programs, fee waivers and rebates on the principal, which may not be accessible to you after you refinance. The rates displayed may include a 0.25% autopay discount. Fixed loans feature repayment terms of 5 to 20 years. For example, the monthly payment for a sample $10,000 with an APR of 5.47% for a 12-year term would be $94.86. Variable loans feature repayment terms of 5 to 25 years. For example, the monthly payment for a sample $10,000 with an APR of 5.90% for a 15-year term would be $83.85.
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2 Important Disclosures for Laurel Road.
Laurel Road Disclosures
All credit products are subject to credit approval.
Laurel Road began originating student loans in 2013 and has since helped thousands of professionals with undergraduate and postgraduate degrees consolidate and refinance more than $9 billion in federal and private school loans. Laurel Road also offers a suite of online graduate school loan products and personal loans that help simplify lending through customized technology and personalized service. In April 2019, Laurel Road was acquired by KeyBank, one of the nation’s largest bank-based financial services companies. Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. All loans are provided by KeyBank National Association, a nationally chartered bank. Member FDIC. For more information, visit www.laurelroad.com.
As used throughout these Terms & Conditions, the term “Lender” refers to KeyBank National Association and its affiliates, agents, guaranty insurers, investors, assigns, and successors in interest.
Assumptions: Repayment examples above assume a loan amount of $10,000 with repayment beginning immediately following disbursement. Repayment examples do not include the 0.25% AutoPay Discount.
Annual Percentage Rate (“APR”): This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.
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KEYBANK NATIONAL ASSOCIATION RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of April 29, 2021. Information and rates are subject to change without notice.
3 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
Subject to floor rate and may require the automatic payments be made from a checking or savings account with the lender. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is canceled, any increase will take the form of higher payments. The lowest advertised variable APR is only available for loan terms of 5 years and is reserved for applicants with FICO scores of at least 810.
As of 09/09/2022 student loan refinancing rates range from 4.13% APR – 7.39% Variable APR with AutoPay and 2.99% APR – 9.93% Fixed APR with AutoPay.
4 Rate range above includes optional 0.25% Auto Pay discount. Important Disclosures for Earnest.
You can choose between fixed and variable rates. Fixed interest rates are 3.99% – 8.74% APR (3.74% – 8.49% APR with Auto Pay discount). Starting variable interest rates are 2.74% APR to 8.24% APR (2.49% – 7.99% APR with Auto Pay discount). Variable rates are based on an index, the 30-day Average Secured Overnight Financing Rate (SOFR) plus a margin. Variable rates are reset monthly based on the fluctuation of the index. We do not currently offer variable rate loans in AK, CO, CT, HI, IL, KY, MA, MN, MS, NH, OH, OK, SC, TN, TX, and VA.
5 Important Disclosures for Navient.
6 Important Disclosures for SoFi.
Fixed rates range from 3.99% APR to 8.24% APR with a 0.25% autopay discount. Variable rates from 3.24% APR to 8.24% APR with a 0.25% autopay discount. Unless required to be lower to comply with applicable law, Variable Interest rates on 5-, 7-, and 10-year terms are capped at 8.95% APR; 15- and 20-year terms are capped at 9.95% APR. Your actual rate will be within the range of rates listed above and will depend on the term you select, evaluation of your creditworthiness, income, presence of a co-signer and a variety of other factors. Lowest rates reserved for the most creditworthy borrowers. For the SoFi variable-rate product, the variable interest rate for a given month is derived by adding a margin to the 30-day average SOFR index, published two business days preceding such calendar month, rounded up to the nearest one hundredth of one percent (0.01% or 0.0001). APRs for variable-rate loans may increase after origination if the SOFR index increases. The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. This benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. The benefit lowers your interest rate but does not change the amount of your monthly payment. This benefit is suspended during periods of deferment and forbearance. Autopay is not required to receive a loan from SoFi.
7 Important Disclosures for Purefy.
Purefy Student Loan Refinancing Rate and Terms Disclosure: Annual Percentage Rates (APR) ranges and examples are based on information provided to Purefy by lenders participating in Purefy’s rate comparison platform. For student loan refinancing, the participating lenders offer fixed rates ranging from 2.73% – 7.99% APR, and variable rates ranging from 1.74% – 7.99% APR. The maximum variable rate is 25.00%. Your interest rate will be based on the lender’s requirements. In most cases, lenders determine the interest rates based on your credit score, degree type and other credit and financial criteria. Only borrowers with excellent credit and meeting other lender criteria will qualify for the lowest rate available. Rates and terms are subject to change at any time without notice. Terms and conditions apply.
8 Important Disclosures for Citizens.
Education Refinance Loan Rate Disclosure: Variable interest rates range from 3.69%-9.92% (3.69%-9.92% APR). Fixed interest rates range from 4.49%-10.11% (4.49%-10.11% APR).
Undergraduate Rate Disclosure: Variable interest rates range from 6.39%- 9.60% (6.39% – 9.60% APR). Fixed interest rates range from 6.58% – 9.79% (6.58% – 9.79% APR).
Graduate Rate Disclosure: Variable interest rates range from 3.69% – 9.16% (3.69% – 9.16% APR). Fixed interest rates range from 4.49% – 9.35% (4.49% – 9.35% APR).
Education Refinance Loan for Parents Rate Disclosure: Variable interest rates range from 3.69%- 9.09% (3.69%- 9.09% APR). Fixed interest rates range from 4.49% – 9.28% (4.49% – 9.28% APR).
Medical Residency Refinance Loan Rate Disclosure: Variable interest rates range from 3.69% – 9.16% (3.69% – 9.16% APR). Fixed interest rates range from 4.49% – 9.35% (4.49% – 9.35% APR).