Obtaining Money Quickly For Your Emergency Car Repair Situation

27 July 2016
 Categories: Finance & Money, Blog

If you are in a predicament where your vehicle is in need of immediate repair, and you do not have a credit card available to pay your auto garage, finding money fast will become a priority. If you need your vehicle to get to your job, failing to get the repair work done will hinder your attempt in getting your weekly paycheck. Here are a few ways you can get the necessary funds to pay your mechanic so you do not need to worry about missing work as a result.

Talk To Your Auto Repair Shop

Speak with your mechanic about your monetary situation before they start making repairs on your vehicle. They may be able to hold off on doing all repair work at once and schedule only immediately needed work to be done first. This will give you some time to save up for subsequent repairs in the near future.

If you have been a faithful customer at the same garage, your mechanic will be more apt to allow you to make payments on the services they provide. Rather than pushing off necessary work until you have money to pay for it, a good customer relationship may be incentive for your mechanic to be a bit more lenient with your payment timing.

Consider Getting A Payday Loan

If you have a definite paycheck at regular intervals, you are a candidate for a payday advance loan. Most payday loan services do not do a credit check. They will take your checking account information and deposit the needed money to do the car repair very quickly. Some loan services will have money ready within hours, while others will require a day or two for processing. In exchange for the convenience of fast cash, the loan service will require your permission to make a withdrawal for the amount of the loan plus a fee on a predetermined date. 

If your checking account does not hold the funds needed, interest will be charged on top of the amount you owe the service. This is a great way to get money quickly if you are sure you can pay back to the service at the required time. Some payday loan services are open around the clock, allowing you to get your funds immediately if you are able to get to an ATM or if you use a debit card to pay your garage.

Head To A Pawn Shop 

If you need the vehicle repaired right away and your garage will not allow for a late payment, consider going to a pawn shop to swap some valuable items for cash. Pawn shops will hold the items for a short duration, allowing you time to come up with the funds to pay to get them back in your possession. If you fail to make the payment on time, the items will be forfeited. The upside of going to a pawn shop is you will have paper cash in your hand within minutes. This eliminates the need for banking altogether. The downside, of course, is the risk of losing your valuables forever.