Can I Get Car Repair Financing?

At Scott Robinson Chrysler Dodge Jeep Ram, we don’t just have a finance center for helping with buying new and certified pre-owned vehicles, but we also offer car repair financing! If you’re considering car repair financing with bad credit near Hawthorne, read to learn more. You can also call us at 424-404-5521 or reach out online for more information before your next visit.

What is Car Repair Financing?

Also known as auto repair loans, Car repair financing is designed to help cover the cost of vehicle repairs. Some programs can help eliminate the need for an auto repair loan, including:

• New car warranties
• Extended and Used car warranties
• Collision insurance

If your vehicle is not covered by any of the above-mentioned programs, expenses like accident damage or replacing manufacturing parts will be hard on your finances. Car repair financing can help alleviate some of this financial stress. These car repair loans are usually personal loans. 

Whether they are unsecured or secured can vary by lender. If your loan is secured, the vehicle’s title will be used as collateral. A credit check is usually required before you obtain a car repair loan. 

Should I Opt For Car Repair Financing?

Before choosing car repair financing, there are several things that Redondo Beach drivers should consider before making a final decision:

• How much is your car worth right now?
• What would it cost to buy a new or pre-owned car?
• What are the overall costs associated with the required repairs?

If your repair costs are similar to what it would cost to purchase a new or pre-owned vehicle, it’s a better idea to replace your current model.

Car Repair Financing with Bad Credit

For those with a poor credit score, considering car repair financing with bad credit can be an okay option, but it’s important to consider all of your financial options. Why? If you secure repair financing with bad credit, you should expect to pay a high interest rate on the funds borrowed from the lender. Always make sure that you can pay off the principal on any loan that you take out for your vehicle.

Explore All Your Financing Options With Scott Robinson Chrysler Dodge Jeep Ram

Now that you know about car repair financing, turn to our dealership in Torrance for all your service needs and repairs. If you need to speak to us, a member of our finance center is standing by to assist you with all your questions.

Check out our service specials to see how much you might save on your next visit. Make Scott Robinson Chrysler Dodge Jeep Ram your dealership of choice near the Manhattan Beach area!