Car Repair Loans
Car repair loans provide financial support to cover the costs of unexpected vehicle repairs. These loans are designed for individuals who need quick access to funds to get their car back on the road, ensuring minimal disruption to daily life.
Loan amounts typically range from £100 to £5,000, depending on the repair costs and the lender’s terms, with repayment options tailored to suit various budgets.
What Are Car Repair Loans?
Car repair loans are personal loans intended specifically for vehicle repairs. Whether you need to fix a breakdown, replace parts, or address maintenance issues, these loans can provide the necessary funding.
How Do Car Repair Loans Work?
- Application: Borrowers submit an online or in-person application, detailing the repair costs and financial situation.
- Approval: Lenders assess your affordability and may perform a credit check.
- Funding: Once approved, the funds are transferred to your account, often on the same day.
- Repayment: The loan is repaid in instalments, typically over a few months to a few years, depending on the loan terms.
Benefits of Car Repair Loans
Quick Access to Funds
Car repair loans are processed quickly, with many lenders offering same-day approval and funding.
Flexible Loan Amounts
You can borrow an amount tailored to your repair needs, avoiding unnecessary debt.
Manageable Repayments
Repayment plans are designed to fit your budget, allowing you to spread the cost of repairs over time.
Suitable for Various Credit Histories
Some lenders offer car repair loans to individuals with poor credit, focusing on affordability rather than credit scores.
Things to Consider
Interest Rates
Interest rates may vary depending on your credit score and the lender’s terms. Always check the total repayment amount before borrowing.
Repayment Responsibility
Ensure you can afford the repayments to avoid additional fees or financial strain.

Alternatives to Car Repair Loans
If a car repair loan isn’t the best option, consider:
- Savings: If possible, use personal savings to cover the repair costs.
- Credit Cards: Some credit cards may offer lower interest rates for small repair costs.
- Garage Payment Plans: Some repair shops offer instalment payment options.
Frequently Asked Questions
Car repair loans can be used for various vehicle repairs, including engine repairs, part replacements, bodywork, or general maintenance.
Funds are often available on the same day of approval, provided your application is completed during working hours.
Yes, some lenders specialise in loans for individuals with poor credit. They focus on your ability to afford repayments.
Yes, all reputable car repair loan providers must be authorised by the Financial Conduct Authority (FCA).