Can I Get Car Repair Financing?

We know how tempting it can be to put off necessary repairs if you’re a little short on cash! Nevertheless, we want to caution our Greenwich-area neighbors against doing so. If you don’t have the money to get the help you need, pursuing car repair financing is almost always a better option than waiting for the problem to get worse. Land Rover Darien is here to help!

What is Car Repair Financing?

Car repair financing is a small loan that you take out to cover the cost of repairs or maintenance. Depending on who you ask, this type of support may also be referred to simply as an auto repair loan. No matter where you go in New Canaan or Stamford, most forms of car repair financing are simply personal loans that may or may not require collateral. 

Here at Land Rover Darien, we offer an accessible form of car repair financing with the Synchrony Car Care™ credit card. Although you’ll still need to apply for the program, and a credit check will be necessary in most cases, putting repairs on a credit card is often easier and less stressful than taking out a loan.

Should I Opt for Car Repair Financing?

Ultimately, any form of car repair financing should be used as a last resort. Many drivers will be able to mitigate the cost of repairs in advance, by opting for an extended warranty or making sure they have collision insurance. 

In some cases, purchasing a new or new-to-you vehicle may be a better option than continuing to pay for expensive repairs! Ask yourself what your car is really worth before you continue to invest in it.

Can I Get Car Repair Financing with Bad Credit?

Since almost all forms of car repair financing will require a credit check, it may not be available to all drivers. Consider the following before you apply for car repair financing with bad credit:

• Interest rates get higher for drivers with lower-than-average credit
• Lenders may ask you to prove your ability to pay
• If you are able to secure financing, making payments on time could help to improve your score!

Our Finance Experts Are Here for You

If you need help with your Synchrony Car Care™ application or just want to talk to an expert, our financing team is here for you. Don’t forget, you should also check out our service specials and parts coupons before you stop in!