Can I Get Car Repair Financing?
Find yourself a bit short on cash, but need an important vehicle repair? The longer you hold off, the more likely you are to cause more costly repairs down the road. This can also cause your vehicle to be unsafe to drive. When it comes to it, you may be wondering, “Can I get car repair financing?” The answer is yes! Our financing team at Findlay Acura near North Las Vegas can help you learn about car repair financing and more before you get back on the road.
What is Car Repair Financing?
So what is car repair financing and what does it cover? Car repair financing, or auto repair loans, are designed to help you cover the cost of vehicle repairs. There are a few programs available to help eliminate the need for an auto repair loan. These include:
- New car warranties
- Extended and used car warranties
- Collision insurance
If you’re not covered by one of the programs listed above, the cost of damages or of replacing malfunctioning parts can hit your finances hard. Car repair loans can be a great help. Car repair loans are typically personal loans. Whether they are secured or unsecured can vary by lender. If the loan is secured, the vehicle’s title will likely be used as collateral. The lender will most likely require a credit check in order for you to obtain a car repair loan.
Should I Opt for Car Repair Financing?
There are a few things to consider before deciding whether to opt for car repair financing or not. These include:
- How much is your car worth right now?
- What would it cost to buy a new or used car?
- What are the overall costs associated with the required repairs?
If the cost to repair your car is similar to what it would be to purchase a new or used car, you might be better off replacing your current vehicle. And with the available new and used vehicle specials at Findlay Acura, we can help you save more when driving off to Mesquite.
Car Repair Financing for Bad Credit
Credit score not perfect? That’s okay. If car repair financing is the route you want to take, it can be hard to obtain, but not impossible. If you are able to get car repair financing with bad credit, expect to pay a high interest rate on the funds that you borrow from the lender.
Learn More With Our Finance Experts
At Findlay Acura, we have a plethora of resources available to help you find the information you need. Contact us today to learn more, with any questions, or to check out our new models available!
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