Car Book Value

I’m sure we have all been there. You have paid all the bills, there is no more money left in the checking account, and right on cue, the car breaks down. Now not everybody is independently wealthy, and has the cash to be throwing at costly repairs for our vehicles. Luckily though, you always have the option of car repair loans.
A car repair loan is essentially just like any other loan. You apply for the cost of your repair bill, and when you’re approved, you simply use the money to pay the bill. Then, just like any other loan, you must pay that money back in a timely manner. Car repair loans aren’t known to everybody, and actually very few people take advantage of them.
Car repair loans can come in a couple different ways. There are the traditional loans like you would get from your bank, but there are also credit card options as well. The way these work usually is that a no interest offer is applied for a certain number of months. If the balance is paid in full by that date, you owe no more than the principle. This is commonly referred to as something like “90 Days same as cash”.
The benefits of car repair loans are quite obvious. Imagine the feeling of not having to worry about whether or not you’ll have the money available when your car breaks down (and lets face it, they all do eventually). When it does, you will have a resource that you can fall back on. Believe me, it is much easier to work in a few hundred dollars a month to the budget, as opposed to $1,500 dollars all at once.
Just like any loan, when you are preparing to apply for a car repair loan, always do your homework. There are plenty of people out there that will gladly take your money while promising things they can’t deliver. Always go with a reputable company or bank and this will save you headaches down the road. If you have a bank that normally handles all of your loans, call them and ask for information on personal loans. These are difficult to get from a bank, but always worth a try. It is especially beneficial to be financed with an institution you are familiar with, as there is already that element of trust built into the relationship.…