Own Your Car? Here's How You Can Use it to Get Financial Relief
November 4, 2020 | June Mckaig
If you're in a tight financial position or just need a few extra dollars to get you through the workweek, there are plenty of options available to you just by owning a car.
The good news? These are just a few of our favorite opportunities to get financial relief using just a reliable vehicle.
Make Your Car Work For You With These Tips
Drive For Money
As you probably already know, Lyft and Uber are great ways to make fast and easy money with just your own car!
You will be an independent contractor with the flexibility to make your own hours and schedule. So whenever you feel like getting in your car and driving, or need some quick and easy cash, just hop on Lyft or Uber. The process to sign up is extremely simple and fast, and they are always looking for new drivers.
If you're not comfortable with others in your car, you can also always do food delivery services. Postmates, DoorDash, and Uber Eats are all great and easy options to supplement your income. With these services, you will hardly have to interact with anyone. You just drive, pick up the food, and deliver.
Instacart is another great option. Aside from having a car, the only other thing you'll need is to know how to get around a grocery store.
Advertise Using Your Car
Are you constantly driving a long commute, and are still in need of some extra cash? Then we suggest looking into car advertising.
Companies are always looking into new ways to get their product's name out there into the public's consciousness. Using your car as a way to provide that advertising can pay you surprisingly well, for the absolute lack of effort it actually takes. If you're alright to drive around with a few removable decals on your car, then you can reap the extremely easy benefits of car advertising.
Rent Out Your Car
If you're familiar with Airbnb, then you can guess how renting your car out works. Apps such as Turo, Getaround, and Maven list your car out to people that need a vehicle for a short time. Renting out your vehicle is similar to you renting out your home on Airbnb. You give them the keys, they use it to get where they need to go, and they return it on an agreed-upon time. It's simple, efficient, and pays you for nothing more than not using your car!
While there is the initial fear of renting your car out to a complete stranger, the same was said about Airbnb, and look how commonplace that has become. Especially if you own multiple cars, renting one out really can be the easiest way to make money. You don't even have to lift a finger.
Help People Move
This works especially if you have a truck or large SUV. Offering your vehicle and yourself to those who are in need of an extra pair of hands can get you some extra spending money fast.
TaskRabbit is a website connecting you to those that need help moving, but don't have anyone else to contact. If you don't mind putting in some extra labor for the money, this could be a simple way to get moving and meet some new people.
When Financial Emergencies Strike, Use Your Car For Auto Loan Cash!
Anyone of these options can give you money through your vehicle. But there is one more option you need to know about. You can use your vehicle for an auto title loan. Many of us have had to deal with financial problems that require cash as soon as possible. With a title loan, you can have between $300 and $15,000 to help you out. Using your car to get loan cash can help a lot!
If I left you wondering ’what is a title loan’ it’s simple really. A title loan is a secured loan that uses your vehicle’s title as collateral. Some things you can use auto loan money for include emergency home repairs, medical bills, or late utility bills. And we will work with you regardless of your credit score.
When you take out a title loan at Fast Auto Loans, expect our process to be quick and simple. We’ll let you know if you’ve been approved within minutes of sitting down with us. We also work with you to make sure you have a manageable repayment schedule. And don’t worry about losing your vehicle while we hang on to your title. As long as you stick to the repayment schedule, you get to keep your car.
How To Apply For Title Loans
Applying for title loans is conveniently quick in Arizona. That’s the reason we call it fast auto loans. We actually offer you two ways of getting approved. You can either come to us at one of our locations or we’ll go to you! Just follow this step-by-step guide and you will be on your way:
- Fill out the online form that is right on our homepage. The form will then be sent to the nearest Fast Auto Loans where a loan associate will give you a call;
- During the call, the associate will walk you through the process and answer your questions;
- They’ll tell you all about the required items you need for either option and what title loan places are nearest you – which is all over Arizona. Or this is also when you can let them know where to meet you;
- Make sure to have your state-issued ID or driver’s license, your vehicle’s lien-free title that’s in your name, and your vehicle;
- Once face-to-face, we will go over your items, inspect your vehicle, and see if we can approve you. If all goes well, you can sign the loan agreement and either have your cash the same day or the next bank business day.
Get Some Cash Just By Using Your Vehicle, Today!
If you can actually use your car to get extra cash, why wouldn’t you? If you have the car and the extra time to spare, make it worth your while. Give yourself a nice little financial cushion with these tips.