Car problems can be really stressful, particularly if you really depend on your car for getting to work and back, or live in an area where there is no public transport. If your car has broken down and you don’t have the money to get it fixed, what can you do to get it repaired and be back on the road again?
Let’s take a look at some handy tips in this article.
Ask For Help
If you’re really stuck for cash and your car has suffered mechanical problems, or you’ve had a minor accident, don’t be afraid to ask for help from the people you know. Resolving your problem could be as simple as making a few phone calls to family and friends. Chances are, someone will be able to front you some cash to get your car fixed. Give them a firm repayment date for the money you borrow and you’ll increase your chances of receiving assistance.
Maybe Your Boss Can Advance You the Money?
If you’re currently employed and have a positive rapport with your boss, maybe they might be willing to advance you some cash against your salary so you can get your car fixed. It would be to your employer’s advantage as well if it means you have no issues in being able to get to work each day. The money could be repaid a week at a time, or you could get an advance on your holiday pay. It doesn’t hurt to at least ask.
Try and Negotiate With Your Mechanic
If you’ve used a particular mechanic a few times before and you’ve always been reliable when paying the cost of repairs, parts and servicing, you might be able to strike up a deal where you can pay off the debt over a relatively short period of time.
As an added incentive, you could even offer to pay a little more than the total of the final bill, so there’s something in the deal for the mechanic as well. It’s worth a try.
Do You Have a Friend Who Can Repair Cars?
Whether they’re a mechanic or not, if you have a friend who is handy with cars, they might be able to do the repairs for you at a cheaper price. Alternatively, you could just pay for any parts required and do some sort of services swap for the labour part of it.
It’s something to consider, provided you know somebody who could fix your car.
What’s the Best Way To Pay For Car Repairs?
One of the fastest and simplest ways to pay for car repairs and get back on the road is to borrow the money from a lending institution.
How should you finance car repairs?
Well, you could apply for a credit card and use the available funds to pay for your car repairs, but credit cards can take a while to get and most of them have very high rates of interest attached.
A better alternative is a Personal Loan. Most lenders will allow you to use the funds from a Personal Loan to fix your car. You could apply at a bank, but the process can be sluggish at times. If you’re in a hurry to get back behind the wheel, approaching a private lender is the best option.
Private lenders focus on speedy processes and you can apply for a car repair loan online from home. Many private lenders will process and approve your loan application within a day or two, so you’ll have the funds you need very quickly and be able to give the nod to your mechanic to get started on repairs.
Loans for car repairs can prove to be a real lifesaver.
Car Broken Down? Give Cashify a Call
Cashify is a private lender. We specialise in rapid approvals and smaller Personal Loans ideal for car repairs. If you prefer, we even often short-term loans from as little as 3 months to repay the debt. Give us a call and talk to us today, so we can help you get back on the road again.
Disclaimer: Please note this content is of general nature only and does not take into account your personal objectives, financial situations or needs. For advice tailored to your financial situation, it is advised that you seek guidance from an accountant or financial advisor. The information contained in this article is correct at the date of publication.