repairs

How to Finance Unexpected Car Repairs

Getting you back on the road quickly and inexpensively

We are all guilty of occasionally not paying attention as much as we should be when we are driving. Unfortunately, you fell victim to this trap; you got yourself into a little fender bender and now need car repairs that are anything but minor. If you are like many Americans today, you operate on a strict monthly budget with little extra savings and little wiggle room for unexpected emergencies like these.

This is a stressful situation, no doubt about that, but you have options available to you that will help you recover quickly. Avoid overpaying or committing to high interest rates when financing your car repairs. Use this list of options to help you get yourself out of this jam and back onto the road.

Don’t be afraid to ask questions

You don’t have to be a car expert to find out whether or not you are getting a good deal. Before you get any repairs done, have the dealer or repair shop print out a detailed statement of what they plan to do and how much each item will cost you.

If you don’t know what a certain repair is on the statement, ask them. There are no silly questions when it comes to your money. If something seems off, or you see an added repair cost that is not necessary for the function of your vehicle at this time, eliminate it. This will save you time, money and a lot of headaches later.

Look for alternative repair shops

When you are in an accident, the first reaction will be to go to your respected dealer to get the repairs done. Unfortunately, because of the expertise that dealers usually have in their shops, they are the most expensive option.

Ask around and check reviews online for other repair shops. Some may have just as much experience working with your make and model, but will do it for a fraction of the price that the dealers are charging. Do your research first to make sure you are getting the best deal possible. It’s hard to set aside extra time when you need to get your car back quickly, so that you can get on with your normal routine, but the extra time without a car will be reimbursed in the repair fees that you will avoid.

Utilize other financing options

Instead of settling for the financing option that the dealer or repair shop gives you, look for other ways to finance your car repairs. Loans, like TitleBucks.com, can be a more appropriate option if you are looking for lower interest rates and you need to get the cash fast. Your bank may also have loan options that can help you avoid paying high interest rates.

Most importantly, you should make sure that whatever payment plan you choose, that the payments will fit into your monthly bills without creating more debt. Avoid another financial emergency by covering all your bases now.


Image: http://www.checkbook.org/interactive/autorepair/other/dc/article.cfm

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