How to Finance a Car Repair - Audi, VW, Seat and Skoda Specialists in Guildford and Surrey
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How to Finance a Car Repair


How to Finance a Car Repair in 2019

In a 2016 report carried out by Front & Sullivan, an independent research consultancy firm, it was noted that UK car owners spend £695 on car repair finance. In comparison to the global spending per car of £621, UK car owners spend more on car repairs and maintenance.

As such, the independent research consultancy firm concluded that British cars are among the world’s best maintained. Despite this, car problems do occur and as you already know, they are always unplanned. If repairs are not done, it will inconvenience you.

For starters, it will be difficult for you to go about your duties. Second, you will have to endure the hassle associated with public transport. There are times when car problems occur and you have no car repair finance.

What do you in such a case and having a car makes your life easier?

There are a few options available in case you have no cash to finance the car repairs. They include:

Car Repair Payment plans

Some car dealers and garages offer payment plans for customers in need of car repairs. To qualify, simply pay 10% of the total amount as deposit and pay the rest as car repair monthly payments.

To be eligible for a car repair plan, one must be a UK resident aged 18 years to 80 years. They should be employed, have a bank account with a credit or debit card. What you ought to know is that such payment plans are available interest-free. You can pay for car repairs in instalments in 4 months or more. This depends on the agreement you have with the car service or repair company.

Use your credit card

Another way you can finance your car repairs is by using your credit card. As a car owner, you already know that credit cards are for emergencies only. This is an emergency and most mechanics accept major credit cards. It is important before paying with a credit card to know that you can repay what you owe. Failure to do so may affect your credit score and lock you out of other financial opportunities.

There you have it. The best car repair finance options for drivers in the UK. While the options above are convenient, it is advisable to have an emergency fund to tackle such issues. To set up your emergency fund, set aside 10% of your salary/wages each month.


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