Ways to Finance Your Car Repairs

Are you looking for auto repair financing? You could use your car title as collateral for a car repair title loan. Since car repair title loans are a secured loan option, qualified borrowers can access a flexible approval process and quick funding.³

Paying for unexpected expenses can be challenging, especially if you live paycheck to paycheck. Most Americans have less than $1,000 in their savings account, and over 40% of Americans have a credit score below 700. When you don’t have enough money to repair your car, you might consider taking out a personal loan. But, if you have a bad credit score, you may not be able to qualify for a traditional bank loan.

If you need to finance your car repairs, you could consider applying for a car title loan serviced by LoanMart online! Many applicants are able to complete the application process online and over the phone without leaving their homes. That can be incredibly convenient for applicants that have hectic schedules and are unable to visit a storefront location. To get started on your car title loan inquiry, just fill out the pre-approval form or call 855-422-7412 to speak with a title loan representative.

Are There Auto Repair Financing Programs Available?

auto repair financing

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The cost of small car repairs, such as changing your brake pads or replacing your windshield, is usually under $300. But, if you need to replace your transmission or repair your vehicle after an accident, you might be looking at a bill of over $3,000.

Contact your regular mechanic to see if they offer payment plans or any auto repair financing options. Or, you can apply for car repair title loans if you need money to fix up your vehicle! Just fill out the prequalification form or call 855-422-7412 to speak directly with a title loan agent.¹

Using Title Loans for Car Repairs

A car title loan, otherwise known as an auto title loan, is a type of secured loan that can allow you to access anywhere from 25%-50% of the total value of your car. Your car can be in the shop when you apply for a title loan, but the vehicle must be in running condition. Additionally, you must be able to access it in order to take the necessary photos during your loan inquiry. These photos are used to determine the value of the vehicle as well as its current condition.

You can use auto title loans for car repairs, car maintenance expenses or other unexpected expenses. Car repair title loans can have a quick and convenient application process, so you could get your money in as little as one business day, and get your car back on the road!³

With title loans serviced by LoanMart, prospective borrowers can start their loan application online or over the phone with a title loan agent at 855-422-7412. You can therefore even submit your loan inquiry while you’re at the auto shop if you need to! There’s no store visit required to get car repair loans. If you’ve been searching for auto repair financing, a title loan could be the answer.¹

Can I Get an Auto Repair Loan with Bad Credit?

Yes! You can apply for car repair title loans even if you have substandard credit. If you want to apply for car repair title loans, a credit check is a necessary part of the application process. But, your car’s value, your income, and your ability to repay the loan may play a more significant role during your loan application.¹

Additional Requirements for Car Repair Loans

title loans for car repair

While you don’t need a perfect credit score to qualify for a title loan, you must meet a few requirements to access the quick funding you need. Take a closer look at the initial criteria to obtain approval for an auto title loan:¹

  • Be an Adult at Least 18 Years of Age
  • Have a Title to a Qualifying Vehicle or Truck in Your Name
  • Be Able to Provide Evidence of Your Ability to Repay the Loan

You will need to meet the initial requirements mentioned above and submit the correct documentation during your application to qualify for title loans for car repairs.¹ You must also submit the following paperwork during your inquiry for car repair title loans:

  • A Valid, Government-Issued Photo I.D.
  • Proof of Address
  • A Vehicle Title in Your Name
  • Proof of Income or Alternative Income
  • Recent, Clear Photos of Your Car

With title loans serviced by LoanMart, you can upload your documents online during your application! You can also send them via email or text them to a title loan representative directly.

How Can I Apply for Car Repair Title Loans?

If you need emergency money to fix your vehicle, car repair title loans could be helpful! There is no physical vehicle inspection required, and you don’t need to visit a store to apply. With LoanMart, you can submit a few clear photos of your car online instead of bringing your car in for a physical inspection. With an online car inspection, you are required to submit photos of all sides of the vehicle as well as the odometer reading.

The application process for a title loan serviced by LoanMart is just three simple and short steps:¹

  • Fill out the pre-approval form online or call 855-422-7412 to speak directly with a title loan agent
  • Upload the required documents online or submit them via email / text message
  • Find out if you qualify and get title loans for car repairs!

The application process for car repair title loans can be short and convenient. Apply for a title loan serviced by LoanMart near you today by filling out the prequalification form or calling 855-422-7412 to speak with a title loan agent.¹

Frequently Asked Questions:

Can I Apply for Car Repair Title Loans Without a Job?

You don’t need to be traditionally employed to apply for car repair title loans! You are required to provide proof of income during your application, but you may submit evidence of alternative income instead. Examples include:

  • Social Security Benefits
  • Workers’ Compensation
  • Settlement Income

How Long Does it Take to Get Approved for Car Repair Title Loans?

If you gather the correct documents and meet the initial requirements, you could get approved for a car repair title loan the same day you apply!¹ ³

What are the Best Auto Repair Loans for Bad Credit?

Since title loans are secured by collateral, you can apply for them even if you have bad credit. If you need emergency cash to fix your car, consider applying for a car title loan serviced by LoanMart. Qualified borrowers can receive their funds in as little as one business day.¹

How Can I Borrow Money to Fix My Car With a Title Loan?

You could potentially access anywhere from 25%-50% of your car’s value if you qualify for a title loan. The funding you receive could be used to fix your car or pay for other emergency expenses.

Can You Refinance a Title Loan to Make Car Repairs?

Yes. If your loan is in good standing, you may be able to refinance your existing title loan with LoanMart and get extra money to pay for car repairs.¹