How to Drive Yourself Out of Debt with GrabCar
Ready to be debt-free but not sure how to pay off your car, study or credit card loans? You’re not alone. Singapore has been ranked the world’s most expensive city to live in. And with rising costs of living, you could be paying off loans all the way until you are 70 years old. If you’ve recently lost your job or find yourself struggling to repay your loans, why not take up a job that could earn you a nice bit of extra income? Signing up as a GrabCar driver could help you work your way out of debt. Here’s how.
Turn Your GrabCar Into an Asset
The phrase “cars are the worst investment” is true: the value of a car starts to drop at the very second you own it.
But you can turn your worst investment into an asset by signing up to be a GrabCar driver. Not only will you be able to cover the cost of petrol and your monthly loan, but you will also be able to make some side income. If you’re already holding a job, you can pay off other loans with this additional income. If you are applying to be a full-time driver, you could bring in enough to eventually pay off your loans and earn a decent living.
Make Every GrabCar Hour Count
While looking for a job, you can drive part-time with GrabCar and earn enough to continue paying off your loans. This way, you don’t have to worry about eating into your emergency fund.
If you don’t own a car yet, then being a Grab driver gives you an added bonus — freedom of movement. That means you can make every hour count by spending your day at interviews or earning while on the road. No more hours wasted on travelling time.
If you’re already holding a job, signing up as a GrabCar driver gives you an extra source of income. Did you know that many GrabCar drivers leverage rideshare to promote their side businesses and speak to passengers as potential customers?
Stay in Control with GrabCar
Forget working long hours with no compensation.
As a GrabCar driver, you control the amount you earn every month. The more rides you take, the more money you earn. Driving during peak hours also gets you more money and we also give exclusive incentives. So if you drive smart, you maximise your earnings.