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What To Consider Before You Sell Your Car

The desperate need for cash, regardless of your reasoning, can lead to impulsive decision making that can do more harm than good. This is a common problem for most people outside of the top 1% of society, where financial decisions come with sacrifice and ramifications. A common ploy is to sell your vehicle for some instant cash, but before doing so read on.

As a provider of car title loans in Southgate CA, we know how much our customers’ cars mean to them. We’re also aware that when people sell their car for a quick buck, they may not come out on top.

Let’s discuss what you should consider before selling your car.

How Cars Serve Drivers On A Daily Basis

A car isn’t simply our means of transport to and from work, although that is often the predominant use of a car in our modern society. For those considering selling their vehicle to pay a debt or for whatever reason, you need to analyze how it contributes to your life.

Freedom

Since their inception, cars have been sold to us as much more than just a means of transport, they also represent a form of autonomy and freedom. A life filled with cruising around, going on road trips, taking your family on picnics, and being able to thoroughly explore the great outdoors. The options are endless when you have a car, as long as you have gas and the means to maintain the vehicle, the possibilities are endless!

Selling your car will strip you of this freedom and autonomy, forcing you to rely on public transport, which can be a viable alternative, depending on where you live, but not always.

Shared Experiences

Having a car doesn’t just benefit the owner, but also everyone around them as they have long been considered something which one can share with those around them. Whether it’s your family, your friends, or even your colleagues, your car may benefit many more people than just you.

While it may not be your responsibility to drive your family, friends, or colleagues around, this is always an option for those who actively need consistent methods of transportation

They Provide Much Protection And Comfort

Our hectic modern lives require us to be here, there, and everywhere, and we can often find ourselves needing to wait in places which may not be that safe or comfortable. Having a car means you can have shelter wherever you drive it, protecting you from weather conditions and other uncontrollable circumstances. Many people are also comfortable sleeping in their vehicle when on long drives or while out camping, so having that backup accommodation may be a lifesaver for some.

Alternatives

Depending on the reason you’re considering selling your car, one of the following alternatives may offer you some relief.

Having A Side Hustle

If your financial situation has been shaken, but you’re not in immediate need of cash, then using the car to make money may be a great option. This may only apply to those unemployed or partially-employed, but there are many driver and delivery services out there who are always looking for more staff.

By keeping your car and using it for side hustle work, this will allow you to keep the car and fund the essentials for maintaining it.

Monetize those Wheels

If you’re already busy with one job, but have the freedom of not needing your car throughout the day, then you may consider a peer-to-peer rental service. While these are still new, and can have obvious risks to all parties involved, it does offer a unique way of monetizing your vehicle. Be sure to do your research into the different providers of these services, and to ensure all valuables are removed from the car prior to renting it out.

Car Title Loans

If your financial situation has taken a serious turn, and you need more than just supplemental income to get by, then you may want to talk to us about our car title loans in Southgate CA. Unlike selling your car, getting a car title loan simply means getting a loan out which is backed by the title of your car. This can give you access to money now (depending on the quality of your car), and will allow you to use your car on a daily basis.

Be sure to do your research into your ability to repay loans, and check out some of our other blog posts for tips. For any more information about our car title loans in Southgate CA, check out our website, or call us today.