Owning your own car comes with the responsibility of repairs and maintenance, and some of these costs can really add up. This is one of the reasons why a lot of drivers choose vehicles that have high safety ratings and are easy to maintain. If you’re currently stuck with a damaged car that needs auto repairs, there are a few ways to finance an auto body shop business for service. Don’t worry, you can be as flexible as you want, especially when you’re spending on a budget. So, here are four easy ways to pay your auto repairs.

Dip Into Your Savings

Savings are crucial—you just don’t know when something might come up. It’s a relief to know that you have funds set aside for occasional unexpected expenses, like auto repairs. Of course, this approach is better than using a credit card or applying for a loan because you’re essentially paying with cash, so there’s no interest, but it’s not the only option.

Apply for a Loan

If you don’t have cash on hand and the amount you need for your auto repair is hefty, apply for a quick loan. Quick loans are easy to obtain since the amount you borrow is credited to your bank account instantly. Nowadays, the application process is simple. Fill out the application form, submit some documents, and you may be able to qualify for same-day approval. Just make sure you’re committed to paying back the amount in full to avoid penalties and fees.

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Use Your Credit Card

Unless the interest rate is very high, simply charging your credit card may be more convenient than applying for a separate loan. In some circumstances, it can take days to secure a loan, or approval might be unlikely if your credit score needs some work. Another financing alternative is to use a credit card. Credit cards also allow you to loan from a bank to pay for your auto repairs. There’s no need to withdraw cash. As long as you stay within your credit limit, you’re good to go.

Pay in Installments

Lastly, you can pay in installments. This option varies by business, so first make sure your auto body shop is willing to create a payment plan that works for you. Keep in mind, however, that this option might require you to pay an interest rate based on the total amount you owe. So, it’s best to pay off your balance as soon as you’re able to.

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Contact California Collision

If you’re looking for trustworthy, cost-efficient auto repairs, California Collision is a top choice in the Tri-Valley area. Call today to learn more about our financing methods at (925) 725-7854.