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Car troubles never seem to happen at opportune times. Unfortunately, when you're stuck with an unexpected mechanical issue that renders your vehicle unusable, you may have a lot at stake. Without a vehicle, for example, you may have a hard time getting to work and you may not be able to keep up with other daily responsibilities.
Fortunately, there are some tips for affording an unexpected car repair, even if you don't have an emergency fund in place or cash sitting in your bank account.
1. Shop Around for the Best Price
Most auto repair shops will charge a flat fee for a diagnostic (if you're not sure what's wrong) but will waive that fee if you use them for your repair. Once you know what the issue is, however, there's no reason not to call around to a few other reputable mechanics to see if you can find a better price elsewhere. Just be sure to factor in the cost of the diagnostic fee if you end up using another repair shop.
2. Negotiate With Your Mechanic
Many vehicle owners don't realize that you can (and should) negotiate with your mechanic, especially on the cost of major repairs. In some cases, you may be able to save a nice chunk of change if you can pay for your repair in cash. Other mechanics may even offer no-interest payment plans that allow you to pay off your repair balance in equal installments.
3. Use Your Insurance/Warranty Coverage
Did your car come with a warranty? If so and if it's still under warranty, it never hurts to check with the provider and see if your repair is covered. On the other hand, if the problem was caused by an issue covered by your auto insurance, you may be able to file a claim and seek reimbursement for your repairs.
4. Take Out a Car Repair Cash Loan
Another option is to take out a car repair cash loan that you can use to pay for your auto repairs. Often times, you can secure this type of financing with no credit check, so long as you have proof of stable income and/or employment. From there, using cash to pay for your auto repairs could even qualify you for a discount as opposed to using a credit card.
Nobody wants to run into unexpected auto repair costs, but these tips can help to make them more affordable.
Share16 April 2019
