Own Your Car? Get Emergency Money Fast! Here's How
With remote work on the rise and most larger events being canceled, right now, your car may seem like more than a relic from ancient times. After all, there’s not much you can do with it, right? Wrong.
If you own a car and you’re just letting it sit unused in the driveway, you might be missing out on some great opportunities to get a little extra cash.
Become a Rideshare Driver
Admittedly, in times like these, a lot of people probably aren’t going to be too keen on taking a ride in a stranger’s car, and you may not be keen on the idea of having strangers in your car, either. Nevertheless, ridesharing apps like Uber and Lyft are still active, and you can still sign up to be a driver, giving you a little extra cash each time you give someone a ride.
Work as a Delivery Driver
Right now, most restaurants, grocery stores, and other retail stores are experiencing far more online orders than ever before. So, if letting strangers ride in your car makes you a little uncomfortable, you can cut down on human contact a little and help retailers keep up with demand by becoming a delivery driver.
In most cases, all you need is a car, a driver’s license, and auto insurance, and you can be out on the streets in no time, bringing people food, clothes, groceries, or even Amazon orders. Some apps where you can sign up to be a delivery driver are UberEats, Postmates, Instacart, DoorDash, Grubhub, Shipt, Amazon Flex, and more.
Keep in mind that each of these services has different requirements for the minimum age of their drivers, the age or type of car they drive, and other considerations, so check to make sure that you qualify before signing up.
Turn Your Car into a Rolling Advertisement
If you’re still using your car regularly to drive to and from work or other places, a great way to get some extra income is to turn your car into an advertisement.
Companies such as Carvertise and Wrapify match you with a brand that wants to promote itself in the areas where you usually drive. After that, you simply stick some decals onto your car or get it wrapped in advertisements for that brand, and then go about your day.
The upside of this compared to becoming a rideshare driver or delivery driver is that, depending on how much you drive in your everyday life, you may not have to change anything about your normal routine. Most of these places do require you to drive a minimum number of miles each day, but if you already drive a fair amount, you shouldn’t have a problem.
Get a Title Loan
These options are all great for accumulating some extra income over time, but if you need a lot of cash very quickly, a good option is to look into title loans.
In most cases, a title loan will take as little as 30 minutes to be approved. Depending on your vehicle’s condition, you could receive up to $15,000 the same day.
A car title loan is money that a title loan company lends to you using your car as collateral. Like other types of loans, they do have to be repaid, and so they should typically be used only for emergencies, such as medical bills, car or home repairs, or unexpected travel or events.
Advantages of Title Loans
The biggest advantage of title loans is probably the ease of access. For example:
- There are no credit requirements. If you have good credit, bad credit, or no credit, you can still be approved for a title loan.
- You don’t need to have a checking account to get approved.
- Title loan offices will work with people with all kinds of income.
- In some cases, you don’t even have to come into the store to be approved. Simply fill out a request form online and a representative will be in contact with you as soon as possible.
How to Find Title Loans
You may be wondering, “how do I find title loans near me?” If you’re in Idaho, your best choice is Idaho Title Loans, Inc. for help. We have store locations all over the state, and when you fill out our online request form, it will automatically be sent to the one nearest you.
After that, you simply need to wait for the customer service representative to get in contact with you. They will tell you where to go and what to bring with you when you come.
Typically, all you’ll need is your driver’s license or state issue ID, the lien-free title to the vehicle (in your name), and the vehicle itself. After a quick inspection, you’ll have your loan. It’s as easy as that.
Just remember that your vehicle provides the option to get the quick same day cash you need in the event that a financial emergency arises.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.