Auto Repair Financing | Car Loans

Auto Repair Financing with a Lendly Installment Loan

Between fender benders, potholes, wear and tear, and more, it’s common to have an automobile in need of repair. It’s also common to be unprepared for the expense — if you didn’t expect to have car problems, you probably didn’t plan to pay for car repairs either. But that doesn’t mean you’re out of luck.

When your vehicle isn’t fit to drive, auto repair financing may be the best solution to help you get back on the road fast (and furious). That’s why Lendly offers installment loans with CC Connect, so you can borrow the cash you need whenever you need it. Start financing your auto repair with the click of a button.

What Can You Use an Auto Repair Loan For?

As its name implies, an auto repair loan — a loan, such as an installment loan, you take out to pay for any needs your vehicle has — can be used to finance auto repairs. This can include the following:

Axle Shaft Replacement

Full Brake System Replacement

Catalytic Converter Replacement

Engine Rebuild

Radiator Replacement

Steering Rack Repair

Suspension Overhaul

New Tires

Transmission Repair

Have loan money left over after the “big” repairs? You can use your auto repair financing to cover oil changes and other “small” repairs or upkeep items too. Funds from an installment loan you take out for auto repairs can be used to fix anything that needs fixing, not just your car.

Can Cars with Auto Repairs That Are Financed Be Repossessed?

Vehicle repossession occurs when a lender or leasing company seizes your vehicle for nonpayment. Yet this is specific to car loans and other secure loans where the vehicle acts as collateral in case you default on your payments.

The Lendly loan by CC Connect is an unsecured loan. So, if you use this installment loan for auto repair financing, your car won’t be repossessed if you fall behind on repayment. But if you also have a car loan and fall behind on those payments, the car can be repossessed — no matter how many repairs you’ve made to the vehicle.

Regardless of the loan type, however, it's best practice to make all your payments on time. After all, while not every loan will require you to put up your vehicle as collateral, falling behind on payments for any loan could crash your credit score, making it more difficult to finance future cars, homes, and more.

Finance Auto Repairs with an online Lendly Loan

Having car troubles? You can use a Lendly installment loan by CC Connect to help finance any auto repairs you need. Loans range from $1,000 to $2,000 and are funded in as soon as 24 hours. That way you can pay for your auto repairs and get back on the road fast and easy.

Repaying is easy too. Lendly loans are payable by payroll direct deposit. And Lendly’s payroll linking technology will help you set up automatic payments directly from your paycheck, so you never have to worry about missing a payment.

You can also make payments gradually. Personal installment loans don’t require you to pay off your full loan amount all at once. Instead, you can make set payments over time. And if you want to pay off your loan early — a move that may save you money on interest — you can still do that too!

Applying usually takes just five minutes. So, if you need auto repairs ASAP, don’t delay. You could be back on the road before you know it!

Apply Now

Lendly is not a lender and does not make loans. Lendly connects interested persons with a third-party lender. Lendly loans are not available in all states.

A bank account is required in order to obtain a Lendly loan. Also, a Lendly loan requires setting up payments through a payroll direct deposit. Learn more about payroll direct deposit here.
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The Lendly loan is an installment loan in amounts up to $2,000. For the typical loan, the annual percentage rate (APR) is approximately 225%.
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Florida loans are subject to a Documentary Stamp Tax. The tax amount is not included in the above quoted APR range. The amount of this tax, which is 35 cents per $100 or portion thereof (or $3.85 for a $1,000 loan), will be added to your loan amount if your loan application is approved and funded.
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Important Information About Procedures for Opening a New Account. To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. This means that when you open an account, you will be asked for your name, address, date of birth, and other information that will allow you to be identified. Your driver's license and other identifying documents may also be required.

Auto Repair Financing with a Lendly Installment Loan

Questions?

1-888-853-6359

theteam@lendly.com