All loans are subject to credit and underwriting approval. Further documentation may be requested from you. Canadian Cash Solutions is not a lender but a lead referral company and may be compensated for its referrals. Loans range from $300-$2.1 million (additional for mortgages) with terms of approximately 2 months to 72 Months (additional for mortgages). APRs range from 2.5% to 29% and will be dependent upon our partner's assessment of your credit profile. For example, on a $1200 loan paid monthly over 12 months, a person may pay $114.05 per month for a total of $1368.64 over the course of the entire loan period. This amount includes our partner's optional loan protection policy. In the event of a missed payment, you are subject to an insufficient funds fee from about $30-$70 (dependent on the lender). Once a loan is in default, your payment plan will be terminated. Different collection methods may be employed to collect your remaining balance. Failure to pay will result in possible legal action and any outstanding debt may be pursued by the full extent of legal options. Our lenders employ fair collection practices.
Note: Canadian Cash Solutions and its affiliates will never ask or charge you any pre-qualification or application fees. Canadian Cash Solution is not a lender but a leading referral company in the finance industry. Canadian Cash Solutions and all of its financial partners adhere strictly to Canadian laws and regulations. To protect yourself, read more on this topic here.
How a Car Repair Loan Helps You In Your Difficult Time?
Keeping your car well and in good shape can be difficult especially as weather seasons change… In fact, owning can be pretty expensive. When we consider regular maintenance and, of course, sudden car repairs, it can definitely be overwhelming financially to say the least. You can use credit cards, cash and other credit products to pay for car repair costs but you can also consider getting financial help from a loan company. Canadian Cash Solutions does just that but providing car repair loans to people in need of quick cash.
What is a Car Repair Loan?
A car repair loan is exactly what it sounds like, an installment loan which is made to help you deal with expensive car repairs. We all know that repairs are not the only vehicle-related costs that one of these loans can cover. You can also use a car repair loan for your other vehicle expenses like:
General Maintenance Costs
Oil, coolant, and differential fluid changes
New batteries for vehicle
Vehicle Inspection costs
Seasonal Vehicle tire changes
Light bulb replacements
Seasonal rust proofing
Timing chain replacement
Air conditioning and heating maintenance
Overall Safety Improvement
New tires (all-season, winter, summer, etc.)
Head, tail, tag, and interior light repairs
Windshield or window replacements
New brake pads and discs or other brake-related problems
New airbags, seatbelts, and other safety features
New or customized paint jobs
Rust, dent, and scratch removal
Custom additions (spoilers, rims, spokes, hubcaps, stereo system, etc.)
Accident and Damage Repairs
Cracked/broken windshield or other windows
Fender and bumper replacements
Front and side airbag replacement
How to choose the Right financing option for Your Car Repairs?
You can pay car repairs by cash, debit card or credit but doing so every time is n’t a good idea. This can easily deplete your savings or maybe put you deeper into financial debt. In fact, different car repairs can cause a lot of debt, more than you usually can handle.
Basic car maintenance should be relatively minimal in cost but Car repair loans, on the other hand:
Are used for larger and less-affordable vehicle costs
Offer more affordable interest rates than the average credit card
Come with a customizable payment plan and installment amounts that suit your finances and budget
Know exactly how much your total loan payments are
How to Qualify for a Car Repair
There are some requirements that should be met to get approval:
You must be the owner of the vehicle
The loan amount you request cannot exceed the estimated value of the vehicle.
Vehicle registration and insurance.
You must have a government approved ID, such as a Canadian Driver’s license
Important Things to Consider When Financing Your Car Repairs!
Car repair loans can be very useful, but at the same time, they need to be handled properly to avoid racking up more debt than you can handle. So, before you apply, it’s necessary to ask yourself questions like:
How much is the car’s value?
How old is the car?
How many kilometres driven?
What is the entire cost of the present repair or maintenance plan?
Are these plans going to be recurring difficulties?
Have there been any past accidents?
Will the cost of this repair loan fit into my budget and can my income support it?
Need a Car Repair Loan? Choose Canadian Cash Solutions!
If you’ve been searching for the most effective and affordable loan to get money for your vehicle repair and maintenance, you’ve come to the right place! Canadian Cash Solutions is here to provide the best financial help.
Call us today (toll-free) (855) 622-8564 and get your loan today!
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