Making Necessary Car Repairs

Molly Wider
August 26, 2009

Molly Wider
http://bhmfinancial.com

Let's face it - cars are expensive. From regular wear and tear to intricate engine problems, cars can cost you a lot of money. The problem is that most people do not have enough money set aside to make necessary car repairs. This results in a car that doesn't run...and a job that's suddenly a lot harder to get to.

There are a couple of ways to pay for necessary car repairs:

- Credit Card: some garages accept credit cards, though you'll have to watch out for the credit card trap.

- Borrow: ask your friends and family members for some extra cash

- Loan: speak with a lender about an auto-repair loan.

If your credit card happens to be "maxed-out," and your friends and family members are tapped-out, then your only available option is to obtain a loan. Traditional lenders used to give out loans for car repairs on a regular basis, though this isn't the case any longer. Ever since the economy came crashing down, traditional lenders aren't quick to, well, lend money. While this may seem rather silly (after all, what good are lenders that don't lend?), it's simply a matter of the current economic state.

What can you do if you need money to repair your car, but a traditional lender won't approve your loan application? Well, you can turn to the once loan source that many Canadians have been turning to over the past few years: private lenders.

Unlike traditional lenders, private lenders offer fast cash at a good rate. Almost all applicants are approved for car repair loans within a matter of moments, which means that you can have your cash in-hand when you arrive at the garage.

Instead of attempting to accumulate enough money to pay for your car repairs, why not get your car back on the road today? Even if you take public transportation to and from work, nothing beats the speed and freedom of having your own vehicle.

If you have a truck to repair, keep in mind that private lenders can provide funds for truck repairs too. No matter what kind of vehicle you need to have repaired, a private lender is the best possible option. While traditional lenders won't even consider most applications these days, private lenders are more than willing to help you get your car, truck, big rig, or other vehicle on the road in no time.

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