Is Car Repair Financing Available to Me?

Has a major vehicle repair taken you by surprise? If you’re facing an expensive repair and are worried about the cost, your first thought may be to delay the service until you’re better prepared to afford it. However, when repairs are left for later, the issue at hand can often worsen and become even more expensive. More importantly, your vehicle may not be safe to drive in Cary and Apex until you have it repaired. Thankfully, there is car repair financing available that allows you to pay for your repair over time rather than all at once.

At Hendrick Chevrolet Cary, our service center partners with Ally Lending to offer flexible car repair financing. You can receive a customized auto repair payment plan that works for your financial situation. Learn more about car repair financing with us below to determine if this could be a good fit for you.

How Does Car Repair Financing Work?

Similar to the financing you can get for a new or used vehicle, automotive repair financing allows you to get top-notch service as soon as you need it, with the ability to pay for that service in monthly installments after it’s completed. Depending on the repair, your car may already be covered by other programs that could help lower the cost, potentially eliminating the need to get an auto repair loan:

• New vehicle warranties
• Extended warranties or prepaid maintenance plans
• Collision coverage as part of your auto insurance plan

If none of these apply to your situation, the expenses brought on by auto body work after an accident or the replacement of older mechanical components can be significant. For some Raleigh drivers, that’s where an auto repair loan may come in handy.

If you’re working with Hendrick Chevrolet Cary and Ally Lending, your repair loan will be an unsecured personal loan, meaning there’s no requirement to provide collateral and you won’t have to worry about putting up your car title to afford your repair.

Is Car Repair Financing Right for Me?

Getting pre-approved for service financing with us only takes about one minute, but before you move forward, consider these questions:

• What does your car’s current value look like?
• After factoring in any replacement parts, the cost of the service you need, and the cost of labor, what is the estimated total cost for the repair?
• How much would a new or pre-owned vehicle cost?

Sometimes, the cost of a big repair equals or outweighs the cost of a new or pre-owned vehicle. In these cases, your money may be better spent on paying off a new or new-to-you car.

Is There Car Repair Financing for Bad Credit?

Getting car repair financing with bad credit can be difficult, but it’s not impossible. It largely depends on the flexibility of the lender, and you may be quoted a higher interest rate. At Hendrick Chevrolet Cary, our top priority is the safety and satisfaction of our customers. We know there’s more to your story than your credit score, which is why we offer credit assistance programs that can help you get the financing you need without stressing your budget.

Learn More About Repair Financing in Cary, NC

Whether you’ve decided service financing is right for you or you’d be better off purchasing a new or used vehicle, Hendrick Chevrolet Cary is here for you. Visit us in Cary, NC when you’re ready to get started, or contact us if you have additional questions about car repair financing for bad credit.