Car Repair Loans

Has your car seen better days?

Whatever your choice of motor, car repairs can cost a pretty penny.

Get yourself sorted, compare loans and get back on the road asap.




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Representative 49.7% APR. Representative Example: Amount of credit: £1,200. Interest rate: 0.34% per day for up to 75 days (25.5% (variable) per annum). Representative 49.7% APR (variable). For example, if you borrow £150 for four days, the interest per day would be £0.51 and the total interest would be £2.04 representing four days at £0.51 per day.

Car Repair Loans

Loans for Car Repairs

You never realise just how much you need your car until it’s out of action.

Whether it’s to get the kids to school or get yourself to work, being without a car can feel like a real-life nightmare. Not to mention how much it’s going to cost you.

Luckily, there are finance options available and whether you want to use a loan to repair your current car (check out the table above) or find a loan for a new car, Choose Wisely is a good place to be to compare your options.

Can I pay monthly for car repairs?

If you take out an installment loan, you can pay for your loan on a monthly basis but receive the full amount at the beginning of your loan term. The majority of lenders in the table above offer this option.

How much you want to borrow will determine how much you need to pay each month but you can use the Choose Wisely Budget Planner to help you figure out how much you can afford.

There are some vehicle costs you can avoid when it comes to your car - check out our guide on reducing transport costs.

Car Repair Loans for Bad Credit

Does your credit score need as much repair as your car? Don’t panic, you’ve still got options. Bad credit lenders will let you borrow money for many different purposes but there’s a catch; you will often be charged much higher interest than if you had good credit as the risk to lending to you is higher.

Despite the higher cost, there are still deals to be had. You can find out which lenders will accept your application before you apply using the Choose Wisely Loan Search Tool.

Is it worth repairing my car?

Repairing a car can feel like an endless money pit that never seems to end but it might be time to throw in the towel. If you’ve received a quote for your repairs and it costs more than the car, it might not be worth doing.

As always though, compare your options. You could be able to buy a car for the price of the repair quote but look at how much insurance and road tax will cost for a new car. It all adds up.

Depending on your circumstances you may have the option to get a car loan to buy another car but make sure you can afford the loan and upkeep of a new car. Generally speaking, the higher value of the car, the more the repairs might cost you in the future, so do some research before you commit.

Start saving towards a financial safety net so you’re more prepared for emergencies like car repairs or a broken boiler.

Final Word

By saving money in preparation for such a frustrating time, the more money you’ll save by not paying interest on a loan or a credit card. If you’ve got unfavourable credit, check your credit file now so you can start making improvements and get on the road to a better financial footing. If you do opt for finance to help you out, remember, know where you stand, compare your options and Choose Wisely.

Warning: Late repayment can cause you serious money problems. For help, go to