Can I Get Car Repair Financing?

finance calculator on a desk

Repairs can be costly, and it can lead to putting off important vehicle repairs. As a result the cost of repairs keeps growing, and you could be put in an unsafe situation when driving the vehicle in certain conditions. Instead of postponing these repairs, consider car repair financing. With Beaver Toyota St. Augustine, learn more about why you should consider financing and if car repair financing on bad credit is an option. If you have questions about financing, contact our Jacksonville-area team.

Car Repair Financing

When Palm Coast drivers need to get back on the roads, they can consider car repair financing, or auto repair loans. These services are in place to help drivers cover the cost of vehicle service like oil changes or tire rotations. There are programs in place designed to help remove the need for an auto repair loan, including:

Without the assistance of one of the programs above, accident damage or large malfunctions can hit your finances hard. Car repair financing is another option for relieving that financial stress. These loans usually come in the form of personal loans, and whether they can be secured varies by lender. Typically, to obtain a loan, a credit check is performed, and the vehicle’s title will be used as collateral.

Should You Choose Car Repair Financing?

Palatka drivers should consider a couple factors before deciding if car repair financing is the right decision. It may be a better idea to purchase a new or certified used vehicle.

  • How much is the car currently worth?
  • Is a new or used car affordable within the personal budget?
  • Are there additional costs associated with the required repairs?

The better option may be to replace the current vehicle if the repair costs are similar to a vehicle purchase.

Car Repair Financing with Bad Credit

Drivers whose credit score isn’t where they want it to be may be wondering if they have the option to find car repair financing with bad credit. It is possible, however, it can be hard to get financing. If financing is found, drivers should expect high interest rates on what’s borrowed from the lender.

Explore Financing Options with Beaver Toyota St. Augustine!

Continue exploring car repair financing with the finance center at Beaver Toyota St. Augustine. Our knowledgeable team can talk you through car buying tips like buying vs. leasing, Toyota Rewards, or other care plans like ToyotaCare.

Beaver Toyota St. Augustine 29.8389318, -81.32452610000001.