Auto Repair Financing for Your Car

You may need a car repair when you least expect it, and it may cost you hundreds or even thousands of dollars. If you don’t have the funds to pay for fixing your car, don’t worry. There are plenty of car repair financing options that can help you cover the cost of new tires, brake work, an engine tune-up, and more.

How can you get  auto repair financing?

Car repair financing can allow you to pay for sudden car repairs, even if you don’t have the cash to do so all at once. In many cases, you can borrow money and pay back what you owe over time. 

What is a car repair loan?

A car repair loan is any loan you can use to cover the cost of car repairs. It can help you pay for a tire replacement, new brakes, or even engine repairs. 

Can I get auto repair financing with bad credit?

Fortunately, you can still get an auto repair loan with bad credit. Many lenders have lenient requirements and are willing to lend to borrowers with less-than-perfect credit histories. 

Ways to finance your car repair

There are a number of car repair financing options you may want to consider, including:

Personal loan

If you take out a personal loan, you’ll receive a lump sum of money that you can put toward your car repair and you can pay it back through fixed monthly payments.

Credit card

A credit card is a flexible auto car repair financing solution because you can borrow as much or as little money as you’d like up to your set credit limit. 

Mechanic financing

Many mechanics offer car repair financing that can allow you to pay them back for their services over time. Some mechanics partner with lenders that provide personal loans and credit cards. 

Emergency fund

An emergency fund is money that you can set aside to cover unexpected expenses like car repairs. This extra cash can help you avoid emergency car repair loans and save money on interest and fees.

Types of car repair loans from Advance America

National Quick Cash lenders offer a number of car repair loans, including:

Payday loans

Payday loans are small-dollar, fast cash loans you can repay when you get your paycheck.

Installment loans

With installment loans, you can receive a lump sum of money upfront and pay it back through fixed monthly payments.

Lines of credit

A line of credit is similar to a credit card, but usually comes with lower interest rates and larger amounts. You can withdraw money up to a set credit limit whenever you’d like, and will only pay interest on the amount you borrow. If you’re unsure of exactly how much your car repair will cost, a line of credit may be a useful option.

How to apply for a car repair loan

1. Click the Apply Now Button: Start by clicking the apply now button online.
2.  Fill out the online application  Enter your basic information on the application and then click the submit button.
3.  Receive a fast loan decision: Omce you submit your application you will receive a loan decision in about 90 seconds.
4. Get approved, get funded: If you are approved and you agree to the rate and terms of the loan. The lender will send the money by direct deposit and should show in your bank account ready to use as soon as the next business day.