The average motorist spends about $2,200 a year to maintain and repair their automobile, which rapidly adds up in expenditures. These expenses might severely cut into your budget or cause a financial disaster if you don’t have the money or finance for vehicle repairs. Let’s take a glance at some auto repair financing options that can be of great help to you:
Instalment loans known as personal loans can be used for almost anything, including paying for vehicle repairs. You will have predetermined payments for your repayment period, which commonly lasts 12 to 60 months, as they have fixed interest rates. Personal loans do not typically come with interest-free offers, in contrast to payment plans from vehicle repair shops or certain credit cards. Personal loans can be unsecured or secured and are typically offered in amounts as little as $1,000.
For loans and funding for vehicle repairs, you have many choices.
Should you utilize your credit card or look for a loan in this situation in Winnipeg? For any payment plan, there are benefits and drawbacks. Credit cards, for instance, are accepted at your auto repair shop however the ease of using your credit card can increase your monthly charge and the interest rate applied to your balance.
At AutologiQ in Winnipeg, you receive the credit you need for your repair by accessing some of the equity of your vehicle. We’ve created a digital platform with all the tools you need to calculate your available credit, choose a payment plan and even access a pre-approved AutologiQ service center in Winnipeg. If you prefer, you can access one of our virtual advisors to guide you through the process. Monthly payments as low as $20/Month.
Whatever the issue when it comes to an easy monthly payment plan for getting the cash you need to complete your Auto repairs, autologiQ should be your number one option in Winnipeg. Find out how much available credit we can offer you by completing our online calculator (link to the Calculator) or contact one of our virtual service advisors (link to the service Advisor chat box)
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