Auto Repair Loans
Your car broke down at the worst possible time, and the repair estimate just made your heart sink. When you need your vehicle to get to work, take care of family, or handle daily responsibilities, expensive repairs can’t wait for your next big paycheck.
Get a decision in 3 minutes
No upfront fees or costs
Applications open 24/7
Use funds for any repair need
Representative Example: $1,000 loan over a 12-month term would have a total cost, including interest, a total payback amount of $1,134.72. APR 29.82%. Rates between 5.99% APR and 35.99% APR for qualified customers2. Loan term lengths from 3 to 36 months for qualified consumers.
Why Choose Yup Loans for Auto Repair Loans
Immediate Solutions for Urgent Repairs
Vehicle emergencies need immediate attention. Our streamlined application connects you with lenders in approximately 3 minutes¹, eliminating the stress of lengthy approval processes..
Swift Access to Repair Money
Auto repair shops don’t wait, and neither should you. Our lending partners prioritize rapid processing, with approved funds potentially reaching your account as soon as the next business day*. Get your vehicle back on the road without extended downtime affecting your work or family obligations.
Best Auto Repair Loans for Bad Credit
Traditional auto financing often demands pristine credit scores that many hardworking people don’t have. Our network of lenders evaluates multiple factors beyond credit scores, helping drivers with various financial backgrounds secure the emergency auto repair loan they need³.
How Do Auto Repair Loans Work?
Auto repair loans provide immediate funding to cover unexpected vehicle expenses, from minor fixes to major mechanical faults. Unlike repair shop financing that might limit your options, personal loans for auto repair give you the flexibility to choose a mechanic and negotiate better rates⁴.
Our completely digital platform eliminates the paperwork typically asked for by traditional lenders. Submit your secure application, and our technology instantly connects you with lenders who specialize in emergency vehicle financing³. These lenders understand that car troubles don’t follow credit score rules and often approve applicants who face rejection from banks and credit bureas3.
After reviewing and accepting loan terms, funding is processed rapidly through direct deposit to your checking account, arriving by the next business day*. You can address urgent repairs while maintaining clear visibility into repayment schedules and total costs.
Get Your Auto Repair Loan in 3 Simple Steps
1
Quick Application
Complete our straightforward online form in minutes to connect with lenders who understand emergency vehicle repairs.
2
Review Your Terms
Check the loan offer from our matched lender and confirm it meets your repair financing needs.
3
Get Your Funds
Once approved, money will be transferred directly to your account as soon as the next business day*.
What can you use auto repair loans for?
When your vehicle needs immediate attention, having access to car repair funding removes the stress of choosing between transportation and other expenses. Our lending partners provide loan amounts for various automotive needs, including:
- Engine repairs and rebuilds
- Transmission replacement or repair
- Brake system overhauls
- Air conditioning and heating fixes
- Electrical system diagnostics and repair
- Suspension and steering components
- Tire replacement sets
- Battery and alternator replacement
- Collision damage repairs
- Routine maintenance catch-up
- Pre-purchase vehicle inspections and fixes
Reviews
Jennifer K., Tampa, FL5: “My Honda’s transmission went out on a Friday, and I needed my car for work Monday morning. Traditional banks wanted credit checks and weeks of processing time I didn’t have. Yup Loans connected me with a lender over the weekend, and I had funds in my account by Monday. The repair shop got paid immediately, and I kept my job. The whole process respected my time and situation.”
Carlos R., Austin, TX5: “As a contractor, my truck is my livelihood. When the engine started making terrible noises, I knew it would be expensive. My credit took hits during the pandemic, so most places wouldn’t even talk to me. Yup Loans found me options within hours, and the transparent terms showed exactly what I’d pay. No judgment about my credit – just practical solutions that got my business back on track.”
Car Repair Loan FAQs
Can you get a personal loan for vehicle repairs?
You can absolutely get a personal loan online to pay for car repairs. This works like any standard personal loan – you receive a lump sum that you can use specifically for automotive expenses. Unlike secured loans that require collateral, most personal loans for repairs are unsecured, meaning your vehicle isn’t at risk if you face repayment difficulties. The application process is straightforward and can be completed entirely online.
Does an auto repair loan affect your credit score?
Taking out a personal loan for auto repairs can impact your credit history in several ways. Initially, applying for a personal loan can cause a slight temporary dip due to the credit inquiry.
However, making on-time payments consistently can actually improve your credit over time. Late or missed payments will negatively affect your credit score, so it’s really important to make sure the monthly payments fit comfortably within your budget before you take out a personal loan.
Can I get a personal loan for auto repairs with bad credit?
A lot of lenders who offer personal loans understand that credit history doesn’t always reflect your current ability to repay. When applying for a personal loan with lower credit, lenders will look at your debt-to-income ratio, current employment, and overall financial stability.
While you could face higher interest rates compared to borrowers with excellent credit, numerous lenders specialize in helping people with less-than-perfect credit access the funds needed for essential vehicle repairs.
What interest rate can I expect for an auto repair loan?
Interest rates for personal loans vary significantly based on your creditworthiness, the loan amount, and repayment term. Borrowers with strong credit histories typically qualify for lower interest rates, while those with credit challenges might see higher rates.
Most lenders provide estimates before you commit, and the monthly payments depend on both the interest rate and loan term – longer repayment periods reduce monthly costs but increase total interest paid over the life of the loan.
How do I choose the right type of personal loan for car repairs?
When selecting a personal loan for automotive expenses, compare offers from multiple lenders who offer personal loans to find the best terms. Consider the total cost to repay the loan, not just the monthly payment amounts. Short-term loans mean higher monthly payments but less interest paid overall.
Judge whether the payment schedule aligns with your income and other financial obligations. Read all terms carefully and make sure you understand exactly when and how you’ll repay the borrowed amount.
Get Your Auto Repair Loan Online Today
Don’t let vehicle problems strand you or force difficult financial choices. Our quick application takes just minutes¹ – and you’ll receive a fast decision without the stress, delays, or complicated requirements of traditional financing.