When looking for a way to earn some extra money, most people will think about selling their vehicle. It makes sense to consider selling your vehicle as, aside from your home, it is likely to be your most expensive possession. However, just because your vehicle might seem more expendable than your home, it does not mean that selling is the best idea. Whether you use your vehicle for work or getting from place to place, an automobile is essential for many people. Luckily, there are many ways of making some extra money from your vehicle that do not need you to sell it off.
1. Car Title Loans
The information in Fast Money Car Title Loans new blog article shows that a car title loan is one of the quickest and easiest ways of freeing up some money via your vehicle. A car title loan involves you giving the lender the title of your vehicle, which could be a car, a motorcycle, an RV or a truck. A Fast Money Car Title Loan allows you to borrow up to 50% of the value of your vehicle when you qualify. Getting a title loan from your vehicle will enable you access to money quickly and is perfect for individuals who only need the cash for a short time.
2. Rent Out Your Car
If you do not need access to your vehicle for a certain time, then you can make money by renting it out. Getaround is a service that enables car owners to rent out their vehicles to people in their local area. The reason that this app is so useful is that it allows car owners to rent out their vehicles for a specific period within the day. If you work from nine to five, you can use the app to rent your vehicle while you would not otherwise be using it.
3. Work as a Taxi Driver
If you are currently out of work or capable of working a few extra hours a week, then you might want to consider working as a taxi driver. Ride-sharing applications like Uber and Lyft allow qualified and insured drivers to use their vehicles to transport customers. The advantage of using ride-sharing apps is that you are still in control, you are free to accept or deny a travel request and you can choose your working hours.
4. Work as a Delivery Driver
If you are looking to work as a delivery driver there are two routes you can choose from, either you can deliver food or packages. If you value a flexible working schedule then you are like to prefer food delivery services. Uber Eats is a food delivery service that in a similar way to Uber allows drivers to accept or deny journeys and work flexible schedules. Individuals looking to use their car to make money full-time are likely to prefer package delivery driving work. Rather than being paid per trip that they take, delivery drivers usually make their money per-parcel they deliver.