Do dealerships do financing for repairs?

Some dealerships offer financing for vehicle repairs, but this isn't a common route in Canada. Usually, dealerships provide financing to help with purchasing your vehicle, either through in-house financing or by partnering with local lenders. If you're interested, simply call or visit your dealer's website to see if it provides financing to pay for repairs.

Do auto repair shops do financing?

Some do. It's worth asking your auto repair shop, or visiting its website, to see if it offers in-house financing or works with a partnered lending company to provide car repair loans. While securing financing through your mechanic may seem convenient, double-check that the rates and terms they're offering are competitive compared to other options.

Can I get an auto repair loan with poor credit?

Yes, but be prepared for high interest rates. You have a few ways to finance your car repairs if you have bad credit: personal loans, car title loans and payday loans. Payday loans are the most expensive, so only use them as a last resort.

How do I know how much my car is worth?

There are many free websites online that can help you estimate what your car is worth, and you might be able to find websites that will help you determine the trade-in value of your car.

Will my car insurance cover repairs after an accident?

It depends on your provider and the type of insurance coverage that you have. If you have comprehensive and collision coverage, the answer is most likely yes. If you have basic insurance, you may not be covered. Contact your insurance provider and find out about your coverage. You may find that you have partial coverage instead of full coverage, which can still provide some necessary financial relief.