Everything can go smoothly for a long time, and suddenly, you’re in a financial hole. You get into a car accident and have to cover medical bills and auto repairs. You might need to take time off work, making it hard to pay rent. During financial emergencies like these, you can use your car to earn extra money.

In this guide from Alabama Title Loans, Inc., learn how to use your car to make money. Discover how to make passive income with your car to help when expenses get too high. We will also review how you can use your car title as collateral to borrow a title pawn for quick emergency cash.

5 Easy Ways To Use Your Car To Make Money

If you own a car, you have ways to earn money just sitting in your driveway. While you might think your car is only useful for driving, there are many ways to use it to generate income. You can earn passive income with your car with little effort, or take on side hustles that involve driving.

Learn more about five of the best ways to monetize your car below:

1. Rent It Out On Turo

You can make a solid amount of money (more than $3300 a year) by renting out your car. Of course, this isn't for everyone. If you don't drive during weekends or the workweek, you can enjoy many benefits just by renting it to others.

Thankfully, sites like Turo exist. You can sign up and outline your price, the pick-up location, and when your car is available. Once that's finished, you'll just need to be ready to hand over the keys when someone sends a request!

There is one downside, though. Your car must meet specific requirements before the website allows you to join. It needs to be of a certain age and value. Not to mention that you'll have to check with your insurance company to see whether your policy covers renting. However, if you can, you can make passive income with your car by renting it to other drivers.

2. Earn With Car Advertisements

If you're okay with stickers all over your car, you could wrap it with advertisements. Companies like Carvertise, Wrapify, and Rollin’s Ads can help turn your car into a moving billboard. This lets you make passive income by earning money while driving around.

You can sign up with these companies online. They will create a custom wrap for your car. After that, you can drive to their warehouse, and they will wrap your vehicle. Once wrapped, you can drive around and start earning money. How much you can make depends on where you live, how many ads you put on your car, and when you drive.

3. Work As A Delivery Driver Or Courier

If you’re looking for a side hustle with your car, you can become a delivery driver. With the rise in online shopping, online vendors are seeking couriers to deliver packages directly to customers.

Amazon Flex and other delivery services let you sign up as a self-employed courier. All you need is your car, a clear background check, good knowledge of your local area, and a driver’s license! Drivers can earn up to $20 per hour, depending on their experience and the company they work for.

4. Rideshare For Extra Cash

Another way to earn money with your car is by driving for rideshare companies like Uber or Lyft. As long as you meet their vehicle requirements, you can sign up to pick up riders in your area. You earn cash based on the trip's distance, how long it takes, and tips from the rider.

After you open the app, you'll start receiving ride requests in your area. You have a flexible schedule, making it an ideal side gig after your regular job or on weekends. Your earnings depend on how often you choose to work. The more time you spend as a rideshare driver, the more you can earn. It’s a great way to use your car to boost your income.

5. Get Quick Cash With A Title Pawn

Those looking for fast emergency cash should consider a title pawn. This fast cash loan allows you to borrow up to $15,000 by pawning your lien-free car title. As long as you have fully paid off your car, you can access its value through a title pawn.

How much you can borrow depends on the value of your car as determined by an inspection. At Alabama Title Loans, Inc., we will inspect your car’s age, make, model, condition, and mileage to determine your title pawn value.

Title pawns are a great financing option using your car because we have simple required items to get approved:

• A state-issued photo ID that displays your full name and age
• A lien-free car title in your name
• Your vehicle for a quick inspection

How To Get A Title Pawn In Alabama

The process for getting approved for an Alabama title pawn is simple and only requires a few easy steps. You can get approved the same day you apply with our efficient process. You can start the process right now on this website and get approved in person in less than 30 minutes at one of our Alabama store locations.

The following are the steps involved in the Alabama title pawn approval process:

• Fill out our online loan form with your basic information
• Speak to a loan specialist over the phone about title pawn terms
• Visit an Alabama store with your required items for verification
• Have your car inspected for its value
• Sign the loan agreement to finish the process
• Receive your title pawn money later the same day or by the next business day

Get A Title Pawn In Alabama – Receive Up To $15,000 Today!

Title pawns in Alabama can assist you quickly when you need cash for urgent expenses. At Alabama Title Loans, Inc., we welcome borrowers with bad or no credit. Borrow up to $15,000 today while keeping your vehicle. Get started now—submit your information online and visit one of our Alabama locations to get approved for a title pawn in less than 30 minutes!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.