Car Repair Financing

mechanic talking to owner over car hood
 

When the budget is tight, we know that it can be difficult to schedule those much-needed auto repairs. But luckily, Colts Neck and Holmdel drivers can head to Ray Catena Lexus of Monmouth for car repair financing that won’t break the bank. Our finance team is here to let you know that whether you have great credit, bad credit, or no credit at all, we can help you get your vehicle back in gear – so you and your family stay safe on those Toms River roads. Let’s go over the basics of financing a car:

What is Car Repair Financing?

Car repair financing is usually a personal loan that helps make your repairs more affordable. While the terms will vary from lender to lender, a secured loan uses a vehicle’s title as collateral. Additionally, you will generally need a credit check before you can get your loan from a financial dealer. So if it’s been a long time since your last credit score check, you might want to ask for a report to see where you stand. Keep in mind that many service warranty programs cover common repairs and maintenance, so double check your fine print on:

  • New car warranties
  • Extended warranties
  • Used car warranties
  • Collision insurance

Can I Benefit from Car Repair Financing? 

Sometimes it’s better to opt for car repair financing, but sometimes it’s easier just to get a new car altogether. Ask yourself the following questions:

  • How much is my car worth right now?
  • What would it cost to buy a new or used vehicle?
  • How much would it cost to make the necessary repairs?

Crunching the numbers may reveal an easy decision, so it’s worth the time to investigate!

What About Financing with Bad Credit? 

When it comes to car repair financing, bad credit is not a dealbreaker at all. While a flexible financial dealer can easily accommodate someone with poor credit, there are a few drawbacks to keep in mind. You’ll probably need to pay a higher-than-average interest rate in order to secure your loan. So once again, ask yourself whether it’s most cost-effective to make the repairs needed or if it’s time to start fresh with another vehicle.

Get Personalized Advice from Trusted Financial Dealers

Ray Catena Lexus of Monmouth a wide range of new and used vehicles, as well as a fantastic staff of financial experts to answer all of your questions about the process. Contact us to get started! 

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(732) 493-5000

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2135 Route 35 • Oakhurst, NJ 07755

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Today's Hours:

Open Today! Sales: 9am-6pm

Open Today! Service: 7:30am-5pm

Open Today! Parts: 8am-5pm

Ray Catena Lexus of Monmouth

2135 Route 35 Oakhurst, NJ

Phone: (732) 493-5000

http://maps.google.com/?q=2135%20Route%2035%2C%20Oakhurst%2C%20NJ%2007755

Parts

Phone: (732) 493-4801

2135 Route 35 Oakhurst, NJ

Sales

Phone: (732) 493-5000

2135 Route 35 Oakhurst, NJ

Service

Phone: (732) 493-2100

2135 Route 35 Oakhurst, NJ
40.27322 -74.04233
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Ray Catena Lexus of Monmouth
Ray Catena Lexus of Monmouth
2135 Route 35
Oakhurst, NJ, 07755 US
(732) 493-5000
https://di-uploads-development.dealerinspire.com/raycatenalexusofmonmouth/uploads/2019/07/RAY-CATENA-LEXUS-OF-MONMOUTHOGImage.png
Ray Catena Lexus of Monmouth 40.27322, -74.04233.