5 Ways Owning Your Vehicle Can Get You Quick Cash
If there’s one thing 2020 has taught all of us, it’s that you can never be ready for all the emergencies life might throw at you. You might plan, budget, and have a strategy ready to go for everything you can think of, and life will still surprise you.
The best you can do, if you find yourself a few or more dollars short of being able to cover your emergency expenses, is know how to use the available resources to make money quick. And if you’re lucky enough to be a car owner, then you have more options than most to get some cash together fast.
Here are some reliable ways you could make some quick, emergency cash when you really need it.
1. Deliver Food
If there’s a business that keeps growing from year to year, despite all the hurdles of the current economic state, it’s the food delivery business.
If you need to make extra cash fast, you can always try signing up for one of the bigger apps – like Uber Eats or DoorDash – that cover large areas and have an ever-increasing client base – ergo, the ever-increasing need for more drivers.
You do need to satisfy certain requirements for each app, such as age limit, driving experience, insurance, etc.; but if you do qualify – you could make good money pretty fast. Uber Eats, for example, allows payouts up to 5 times a day.
2. Start Advertising
There are plenty of companies out there that would love some easy advertising, wherever they can get it.
If you have to drive around often, or just have a long regular work commute, you could try to get some advertising decals on your car. The largest car-wrapping company around is Wrapify – and snagging a deal with them would let you earn up to $450 a month - all for driving around.
Do keep in mind that you will have to satisfy a minimum miles requirement – so it’s not a job worth getting unless you already drive around a lot, seeing as though pay-per-mile is low.
3. Help People Move
If you’ve ever had to move before or had to haul furniture around, you know how difficult it is. You could have a nice side gig by offering to help people either move or haul any of their furniture.
This option will work better if you have a large car, but it’s not a necessity. Offer up your services as a mover to those in the close-by area via Craigslist or by putting up some flyers.
You’d be surprised how many people are willing to pay a good amount of money to get some help moving. Or even to simply help move out larger items if they’re just trying to clean up some space.
Ridesharing is a classic side gig. You can sign up as a driver for companies such as Uber or Lyft and make some cash getting people from place to place.
However, ridesharing comes with several downsides you have to keep in mind. If you do qualify and get hired, your income will largely depend on the area you’ll be servicing and the hours you’ll be able to keep. If you’re not available for weekday rush hours and weekend late-night drives, your potential to earn money as a rideshare service driver drops dramatically.
Add in the factor that you’ll be the one covering all the car expenses like gas, insurance, and maintenance, and competition for lucrative drives can be quite stiff – and it might just not be worth it.
If you’re available for the busier hours though? You might get good cash out of it.
5. Take Out A Title Loan
If you’ve been hit by the type of emergency that needs handling immediately, your best chance to get emergency cash quickly is likely a title loan.
Title loans are a type of short-term, secured loans that use your vehicle’s title as collateral. They can range between $300 to $15,000 and are pretty easy to acquire. Plus, title loans come with a lot of added benefits you need to know about.
What Are The Benefits Of Fast Vehicle Title Loans?
First of all – auto title loans are quick! Typically, the approval process takes around 30 minutes and you will likely get the money the next bank business day at the latest.
They’re also accessible. Since it’s a secured type of loan, our lenders are freer to accommodate all types of incomes and don’t let credit get in the way; so even if your credit score is bad or outright nonexistent, you can still get approved.
And the last benefit is how few title loan requirements we have! All you have to do is make sure you are 18 years or older, own a vehicle, and have that title be free of prior loans or judgments. We also have a very streamlined process.
How Do I Take Out Arizona Title Loans?
The process of getting the best title loans in Arizona is simple and convenient. The process goes like this:
- Go to our website and fill out the form;
- Wait for the loan representative to contact you to explain the process in detail and schedule a meeting either at one of our title loan places in Arizona or a location of your choosing;
- Provide them with your valid government-issued ID, your vehicle for assessment, and the title of the vehicle in question that must be in your name and completely lien-free;
- The representative will assess everything and determine if you qualify to be approved;
- Once you get approved for a certain amount of money, you will receive it either the same day or the next bank business day.
And all it takes is for you to go to our website and begin! You don’t even need to leave the comfort of your house.
If you require fast cash and happen to own your vehicle, you are literally sitting in a goldmine! Your vehicle can make you a lot of extra cash with any of these five options.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.