How to Use Your Car to Make Cash Fast
October 23, 2020 | Emma Frost
If you own a car, or you've owned one in the past, you know how much easier life is with your own mode of transport. From saving you time to being a source of income, there are tons of benefits to having your own car. Read on to find out how you can use your cash to make fast cash.
Have Your Car Make You Extra Cash
Offer Babysitter/Driver Services
Working parents often find it hard to balance their work schedules around their children's schedules, especially if they involve driving their children from one place to another. If babysitting is your cup of tea, why not add driving to the babysitting services you offer? That way, you can babysit children and drive them to places when needed.
If this is something you can see yourself doing, check out the app Z?m, a US-based organization that allows drivers to earn money from babysitting children and driving them to different places. Z?m drivers can make up upwards of $700 per week, so it's definitely an option worth considering.
Offer Moving Services
One of the biggest advantages of having your own car is how easy it makes moving large items such as furniture. If you want to make quick cash using your car, you can offer to help people who are moving homes to move their furniture and appliances.
However, if this is an option you're considering, keep in mind that you'll probably need to be able to carry the objects you're helping move.
Offer Long-Distance Journeys
If you're one of those people that can never get tired of driving, offering long-distance journeys could be the option for you. You can offer long-distance journeys i.e. across cities or states. In particular, if you provide customers with routes that are hard to reach, i.e. no public transport option, customers will likely be willing to pay higher prices.
The best part about this option is that you'll be earning money while doing what you love: driving. You will also be exposed to new places and people, which is an added bonus.
Rent Out Your Parking Spot
If you have a car, chances are you also have a parking spot. If that's the case, you might consider renting out your parking spot during times when it's not being used. Renting out your parking spot can rake in anywhere from $50 to $500, depending on where the parking space and how long/often you rent it out.
This option is especially lucrative for people who live in busy or crowded areas, such as city centers, or commercial areas. The best part of it is that you'll be earning money without having to move a finger!
Take Out A Title Loan
Finally, another viable option to make cash through your car is by taking out title loans online. A title loan is a loan in which the borrower's car is used as collateral. It's a great option if you're in need of quick cash.
Advantages Of Getting A Title Loan In Tennessee
One of the biggest advantages of title loans is that you can keep your car when you receive the loan. The lender keeps only the car title until the loan is repaid. So you can get the cash and keep using your car!
Another advantage of title loans is that it's much easier to get than conventional loans. You don't need to have a great credit score to get a title loan. In addition, the process of getting a title loan is relatively quick and easy, and you can usually expect to receive the loan within a day or two of applying for it.
Title loans are also pretty easy to repay. Lenders tend to offer practical conditions to pay the loan back, and you can usually pay in multiple installments, which eases the financial burden.
How To Get A Title Loan
Thinking of getting a title loan but not sure what the process entails? Check out our step-by-step guide below:
- Start off by filling out the short online form right on our homepage;
- When we receive the form, we will give you a call to confirm your information and walk you through the rest of the process;
- You will then come to the nearest Tennessee title loans locations near you. Make sure you have your ID, vehicle’s title, and vehicle with you;
- We will sit down with you and review your items. We will also inspect your vehicle to determine how much you qualify for;
- If we are able to approve you, we will go over the loan terms and have you sign the agreement. Once the paperwork is signed, we will give you the cash.