September 22, 2020
How to Pay For Vehicle Maintenance Costs with a Short-Term Loan in Kansas City
A Car Title Loan Can Help You Pay Bills and Keep Your Car on the Road
The car you own can actually help you secure the finances you need to keep that car in good shape for the long run. Yes, you read that right. A car title loan in the Kansas City area can be used to perform regular maintenance or major repairs, and for titling and even improvements.
By using a car title loan to get the cash you need, you can help keep your vehicle on the road and running longer – thereby lengthening its useful life and saving you money. The quick cash from a short-term loan from Midwest Title Loans can be used for a variety of car-related expenses.
Cover Important Maintenance Needs with a Title Loan
Performing regular vehicle maintenance is vital to your safety and the longevity of your vehicle. A regular check-up of your oil levels and quality is the first step, and depending on what the technicians find, you could be looking at more than the cost of an oil change. When your technician is performing an oil change, most will perform a routine check on the rest of your vehicle’s “vitals,” much like getting an annual physical at your doctor’s office.
The check-up is typically included in the cost of your oil change. Other costs like air filters, other fluids, tire rotations, repairing leaks, and replacing light bulbs could come up during an oil change, most of which will need quick attention to keep your car running at an optimal level, and in some cases, keep you legal. While oil changes are typically fairly affordable, depending on your vehicle type, the many issues that can come up in a routine check can have mounting costs. If you’re short on cash, you might need to take out a short-term loan to get your vehicle back up to snuff.
Registering Your Car with the DMV
Keep an eye on your vehicle registration expiration – if you’re not preparing for the renewal, many times that cost feels like it comes up unexpectedly. In Kansas City, to get your vehicle registration renewed, you’ll need to pass an annual safety inspection. During the safety inspection, the technician will review the safety features of your vehicle to make sure everything is operational and safe to use. If something presents as non-operational, such as a headlight, window, brakes, or other important part, they will require replacement before they will issue approval from the shop for annual registration. Depending on the condition of the vehicle, this cost becomes expensive each time you renew your car’s registration.
Another cost of your vehicle’s registration is the annual taxes you have to pay on your vehicle. If your vehicle’s taxes aren’t paid every year, the state will not renew the registration on your vehicle. Car taxes are an annual fee paid to the state. For Kansas and Missouri, this tax rate varies based on the assessed value of your vehicle. Newer, more expensive vehicles will be charged a higher personal property tax amount than older, less valuable vehicles. If you haven’t paid your personal property tax for the year, this is a cost you’ll be looking at when renewing your registration.
How to Pay Your Car Insurance Premium with a Title Loan
Another cost that you can take out quick cash with a car title loan to cover is your car insurance. Some people pay car insurance monthly, some pay quarterly, some pay every six months, or even annually. As you can imagine, an annual car insurance payment could be overwhelming, but paying annually could be less expensive over time. If taking out a bad credit loan to pay an annual car insurance payment could save your family money in the long run, it may be the right decision for you.
Car insurance costs vary depending on the type of vehicle, age of vehicle and level of coverage required by the state you’re covered in. If you’re looking for full coverage on a newer, high value vehicle, your car insurance costs could be steep, but driving without coverage is illegal. If a title loan can help keep you driving legally, it could save you legal fees and ticket costs down the road.
Using a Car Title Loan to Pay Seasonal Maintenance Needs
As we go into the winter season, your car may need additional seasonal maintenance needs. With fast cash from a title loan, you can get your car ready for the seasonal changes without impacting your credit score or incurring large amounts of debt. If your tires are old, and the tread is wearing down, you’ll need new tires before the winter weather moves in so ensure you and your family’s safety.
If you’re looking to be extra safe this winter, consider investing in some snow tires to use throughout the coldest winter months. While snow tires are costly, they will make you feel more secure on the icy or snowy roads this season. In the winter, our days are also getting shorter, you’ll want to ensure that all of your lights are working properly so that you can both be seen and see others on the road.
In the summer, making sure that your air conditioning unit is properly functioning is pivotal to surviving the brutal Kansas City area heat. It’s also important, after the snowy months, to get your car deep-cleaned so that the ice melt and salt don’t cause rusting on your vehicle.
Car Title Loans Can Help Maintain Your Vehicle
While owning a vehicle can mean lots of maintenance costs, it’s also true that you can use your car title to take out short-term loans, bad credit loans, and quick cash to help in the maintenance of that vehicle. The investment over time that you’re building in order to have the car title as collateral can be worth the costs and repairs you might have to do on your vehicle.
By using the car title to take out quick loans and perform regular maintenance, you can help extend the life of your investment. If your vehicle needs some fall maintenance to keep it in good repair, consider taking out a car title from Midwest Title Loans in Kansas City, MO; Kansas City, KS; Overland Park, KS; or Gladstone, MO. Get pre-approved today.