Can I Get Car Repair Financing?

car repair financing

If you are a bit short on cash, it can cause you to delay making the necessary repairs your vehicle needs. Putting off these repairs can cause unsafe driving conditions and can lead to more expensive repairs in the future. Fortunately, there is a way to still take care of your vehicle even during a difficult financial situation. Have you been wondering, “Can I get car repair financing?” Yes! It is possible to finance vehicle repairs. Lindsay Volkswagen of Dulles would be happy to share the details on car repair financing with our neighbors in the Tysons Corner area. 

What is Car Repair Financing?

Car repair financing, also known as auto repair loans, can allow you to bring your vehicle in for the maintenance it needs, even if you do not have the cash on hand at the current moment. Before you opt for car repair financing, see if the repair you need is covered by any of the programs below: 

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

If your vehicle is not covered by warranty or insurance, repair costs can add up quickly. Car repair financing can help to alleviate some of that financial stress. Typically, a car repair loan is a personal loan. Depending on the lender you choose, the loan may be secured or unsecured. For secured loans, in most cases the vehicle title will be used as collateral. Before you can take out an auto repair loan, you will likely have to undergo a credit check. 

Is Car Repair Financing Right for Me?

If you are a Springfield driver considering car repair financing, there are a couple of things to keep in mind before making a final decision. In some cases, it may be better to purchase a new or gently used car rather than pay for repairs. Consider the following: 

  • 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 there is not much difference between what your repair costs would be and the cost of a new vehicle, it is likely in your best interest to purchase a new car rather than apply for car repair financing. 

Car Repair Financing for Bad Credit

If you have less than perfect credit, you may be wondering if you will get approved for car repair financing. While it is possible, it can be a challenge to get car repair financing with bad credit. If you are approved, keep in mind that the interest rate will be significantly higher. 

Trust the Finance Experts at Lindsay Volkswagen of Dulles

If you have any additional questions about car repair financing or any other part of the financing process, do not hesitate to contact the team at Lindsay Volkswagen of Dulles. Whether you’d like to learn about the available Volkswagen Easy Drive Protection Plans or want to explore the difference between buying vs. leasing a car, we would be glad to assist you.


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Lindsay Volkswagen of Dulles 38.9978364, -77.4331695.