You're not alone if you’re struggling to find cash for an emergency auto repair. According to a AAA survey, a new car costs an average of almost $1,200 per year to maintain and repair — and only one-third of U.S. drivers are financially prepared to cover unexpected repair costs.
Your car needs repairs, but your credit is damaged. You don’t have family or friends who can lend you the money. Your car is the most valuable property you own, and it’s not worth very much because it’s damaged, too.
Let LoansinaDay provide the short-term loan you need to repair your car.
The steps are mentioned and described below. Apply online in minutes, get approved within 90 seconds, and receive your funds directly into your bank account.
To apply for auto repair financing, you must complete an application and provide some basic information about your vehicle and your finances. After that, the lender will run a soft credit check and assess your eligibility to determine what loan options are available for you.
If the expenses for the car repairs are too high compared to the car value, purchasing another car may be an option to consider.
Auto repair loans can cover several repairs, from oil changes to transmission replacements. It’s up to you which repair or service you wish to pay for.
Take care. If any mechanic or auto repair shop asks for upfront payment before making repairs, it can be a fraud. It might be an exception only if your car needs an expensive part that must be ordered. Reliable car repair shops require payment only after the complete repairs.
A short-term payday loan is a good option for emergency car repairs. You’ll appreciate the short and speedy request process (just a few minutes) and faster access to the money you need from the verified lender network at LoansinaDay.
Yes, you can get bad credit loans through LoansinaDay.
Your credit scores are prominent in your eligibility for traditional loans like bank loans. Bad credit can be a significant barrier in securing a loan for a car repair from most financial institutions. In these cases, short-term auto repair loans for bad credit can be helpful to get your car fixed and back on the road fast.
The "best" online payday loans are those that fit the needs of the person. But what some people may not realize is the best loan for them may not be a payday loan — or even (technically) a “loan” at all!
To be eligible to apply with LoansinaDay, you must:
Depending on where you live, you may not be eligible to apply with LoansinaDay. Check out our Rates & Terms page to learn which products (if any) are available in your state.
If you receive some benefits as per the government’s plans to support the retired, disabled, and unemployed people financially, you can apply for loans for benefits. These are types of loans that are given based on your repayment capacity.
At LoansinaDay, we strive to provide a fast and hassle-free process. Most direct lenders fund in 1 business day. Part of the reason is they must wait for the bank to process the deposit. The exact timing of receipt of funds depends on the customer's banking institution. There are rare cases, during weekdays, when an approved loan that is early in the day can be deposited the same day. Ask your lender if this is possible in your case.