Zero2Turbo
    Facebook Twitter Instagram
    Facebook Twitter Instagram RSS
    Zero2Turbo
    • Home
    • Contact
    • Videos
      Featured

      BMW M2 vs Audi RS3 Performance Drag Race Is Seriously Tight

      By Zero2TurboSeptember 15, 2023
      Recent

      BMW M2 vs Audi RS3 Performance Drag Race Is Seriously Tight

      September 15, 2023

      Lamborghini Huracán Sterrato Does Huge Off-Road Jump

      September 13, 2023

      Porsche 911 GT3 RS vs BMW M3 CS Drag Race Shows Effect of DRS

      August 31, 2023
    • South Africa
    • Zero2Turbo Telegram
    Zero2Turbo
    Home»Zero2Turbo»What Are the Different Ways to Fund Your Car Repairs?
    Zero2Turbo

    What Are the Different Ways to Fund Your Car Repairs?

    By Zero2TurboNovember 3, 2021Updated:November 8, 2021No Comments
    Facebook Email Twitter LinkedIn Telegram WhatsApp
    Share
    Facebook Email Twitter LinkedIn WhatsApp Telegram
    car repair loans

    If you’re planning to undertake a car repair or upgrade project, be warned: even the smallest repair can eat up significant chunks of your savings. And let’s not forget about the horrors of sudden emergency repairs – they’re never convenient and always tend to strike up when we’re least able to afford them. So, if you are stuck in this situation, don’t fret. You aren’t alone, and you have more options to finance your car repair than you might realize. 

    Therefore, in this blog post, Jacaranda Finance shares some of the best ways to fund your car repairs so that you would not have to exhaust your years-long savings entirely. 

    #1: Credit Cards 

    Getting a credit card can be a great way to finance car repairs, especially if you need a small amount. Commercial banks generally offer credit cards to their customers that they must pay off by the end of each month. 

    Why you should use credit cards for car repairs:

    · Fast and easy cash for emergency repairs 

    · Opportunities to earn lucrative points/rewards

    Why you shouldn’t use credit cards for car repairs:

    · In case of missed payment, you may have to pay high interest and fees 

    · Costlier in the long run

    · Short payment cycles

    #2: Car Repair Loans

    These are unsecured personal loans, meaning you won’t be asked to provide any form of collateral for the borrowed loan. And this is one of the reasons why so many car owners prefer this option for funding their car repairs. 

    Plus, even if you default on the loan, the lenders would not touch your assets. Nonetheless, be aware that these loans can come accompanied with high-interest rates and fees. They also have lower borrowing limits in contrast to secured loans. 

    Why you should use car repair loans for auto repairs:

    · Fast cash service is available 

    · Quick application process

    · Funds come in a lump sum

    · No collateral required 

    Why you shouldn’t use car repair loans for auto repairs:

    · Potential negative impact on your credit score

    · Potentially high fees and interest rates 

    · Short payment cycles 

    #3: Secured Loans

    Unlike car repair loans, to get a secured loan, you will have to provide collateral, typically your car or vehicle. These loans indeed come with lower interest rates and greater flexibility; it’s important to note that they do put your assets at risk. Nonetheless, they’re an excellent option to finance your auto repairs, especially if you need a greater amount of money. 

    Why you should use secured loans for car repairs:

    · Avail larger amounts of cash at lower interest rates

    · Provides an opportunity to improve overall credit rating by making timely payments

    · Longer repayment terms 

    Why you shouldn’t use secured loans for car repairs:

    · Long application process 

    · Banks require collateral

    · If you fail to make payments, you may lose possession of your assets kept as collateral. 

    There are several other ways to fund your car repairs; however, remember that every option comes with certain pros and cons. As long as you avoid getting the help that you can’t afford and closely review your situation, there is always a way to carry out the auto repairs and upgrades you’ve been dreaming about.

    Share. Facebook Email Twitter LinkedIn WhatsApp Telegram
    Previous ArticleSP Automotive Chaos Revealed With 3,065 HP (2,285 kW) and 1.5s 0 to 100 kM/h
    Next Article Aston Martin DBX Outselling ALL Other Models Combined

    Related Posts

    Mercedes G-Wagon Production Coming To An End With Updated Model To Be More Aerodynamic

    September 21, 2023

    Orange Aston Martin Collection Heading to Auction in October

    September 19, 2023

    BMW M2 vs Audi RS3 Performance Drag Race Is Seriously Tight

    September 15, 2023

    BMW M760e xDrive Coming to South Africa

    September 15, 2023

    7 Reasons Why Toyota Tundra Pickup Trucks Are an Exceptional Investment

    September 14, 2023

    Report: Electric BMW M3 Coming In 2027 With Around 700 HP

    September 14, 2023

    Leave A Reply Cancel Reply

    Popular Posts
    • Orange Aston Martin Collection Heading to Auction in October
    • BMW M2 vs Audi RS3 Performance Drag Race Is Seriously Tight
    • BMW M760e xDrive Coming to South Africa
    • Report: Electric BMW M3 Coming In 2027 With Around 700 HP
    • Next-Gen BMW M4 CS Coming in 2024

    Latest Instagram Photos
    • Looks like the new Mercedes-AMG S 63 E PERFORMANCE was spotted testing in South Africa 🇿🇦

That start-up sounds pretty damn promising!

This thing packs a whopping 791 hp (590 kW) and 1,430 Nm of torque.

📌 Graskop, Mpumalanga

🎥 @guylin_
    • Look what’s arrived in South Africa 🇿🇦 

Nothing confirmed by Toyota SA as of yet but here is the 224 kW GR Corolla!

Image source: @average_midship 

#ExoticSpotSA #Zero2Turbo #SouthAfrica #Toyota #GRCorolla
    • We waited a fair bit for the Tiguan R to arrive but that means it has been given enough thought and executed with the sort of German precision that makes us happy to have waited.

As fast SUVs go it’s a cracker, and with a price tag starting from R1,014,900 it is actually decent value in the segment.

It’s fun, aggressive when you want it to be and remarkably civilised when you don’t. Cars like this rarely make sense, but the Tiguan R is one case where that argument starts to change one's mind.

We cannot wait to drive the matching Golf next week!

#ExoticSpotSA #Zero2Turbo #SouthAfrica #Z2TDriven #VolkswagenTiguanR #TiguanR #VWTiguanR
    • The very first SA-spec BMW M2 snapped at BMW HQ in Midrand.

Zandvoort Blue would not be our choice but the looks have certainly grown on us. What about all of you?

Shots via @projectthart 

#ExoticSpotSA #Zero2Turbo #SouthAfrica #BMWM2 #NewM2 #ZandvoortBlue
    • If you’re expecting a faster, angrier and more focused version of the original 86, you’re going to be happy with this car.

Toyota finally gave the 86 more power. It’s not take-your-breath-away power, but again, it’s not made to win drag races. If you want more power, get a Supra.

Sure it is a bit more pricey this time around but it is a no-regrets kind of car that you will enjoy just as much today as 10 years from now.

Long live the manual transmission, especially when it’s packaged within something as fun as the Toyota GR86.

#ExoticSpotSA #Zero2Turbo #SouthAfrica #Z2TDriven #ToyotaGR86 #GR86 #Anime #InitialD
    • Stunning Jaguar F-Type Project 7 spotted in sunny Cape Town yesterday by @ryan_6r 😎

Just 5 of these made their way into SA making this quite a rare sighting!

#ExoticSpotSA #Zero2Turbo #SouthAfrica #Jaguar #FTypeProject7 #Project7 #JaguarFType #CapeTown

    Follow Us

    Facebook Twitter Instagram YouTube RSS
    Designed by Zero2Turbo.

    Type above and press Enter to search. Press Esc to cancel.