Personal loans for car repair
Repair costs vary with the vehicle and the work needed. A personal loan is one way to spread the cost over time. Here's what to compare, other options to consider and how checking your options with Lendara works.
What to expect when using a loan for a car repair
- Get a written estimate, and a second opinion on larger jobs, before you choose a loan amount. Check whether any of the work is covered by a warranty or your insurance.
- Some repair shops offer their own financing or payment plans. Compare those terms, including any deferred interest, with a loan's APR, fees and total cost.
- Some lenders' minimum loan size is above the cost of a smaller repair, and on a small balance an origination fee takes a bigger share of what you receive.
- Each lender sets its own APR, fees and terms based on your credit history, income and the amount you request.
Estimate your monthly payment
Enter a loan amount, a term and an APR to see an illustrative fixed monthly payment and total interest.
Estimates only, based on the numbers you enter. Not an offer of credit. Lendara is not a lender.
How checking your options works
When you check your options for a personal loan for a car repair through Lendara, you answer a few questions about the loan you want, your income and your finances.
If participating lenders have options for you, you can compare them side by side: APR, fees, monthly payment, term and total cost. Nothing is accepted until you choose an offer.
If you decide to apply, the lender reviews your application, may check your credit, and decides whether to approve you and on what terms. Lendara doesn't make that decision.
Frequently asked questions
Should I finance a car repair or pay with a card?
Compare both. A card may cost less if you can pay it off quickly; a personal loan gives you a fixed payment and payoff date. Look at the total you would repay in each case.
How much does a car repair loan cost?
It depends on the APR, fees and term a lender offers you. Enter an amount, an APR and a term in the calculator above to see an illustrative payment; an actual offer may differ.
Is Lendara a lender?
No. Lendara is a free marketplace that connects you with participating lenders. We don't make credit decisions or lend money.
Related guides
- Personal Loan vs. Credit Card: Which Costs Less to Carry a Balance
How carrying a balance on a credit card compares with borrowing the same amount through a personal loan: interest, fees, payoff timing and what to check before you choose.
- How to Compare the Total Cost of a Loan (Not Just the Monthly Payment)
Why the lowest monthly payment isn't always the least expensive loan, and a step-by-step way to compare offers by APR, fees, term and the total you'll repay.
- Loan Origination Fees, Explained
What loan origination fees are, how they factor into APR, and a simple illustrative example that can help you compare the true loan cost.
Lendara is not a lender and does not make credit decisions. Lendara is a free online marketplace that connects you with participating lenders, who set their own eligibility rules, rates, fees and terms. Lendara may receive compensation from partners, which may affect which offers appear and their order.