Should You Finance Your Car Repairs? Here's What You Need to Know

Let's face it - unexpected car repairs can really throw a wrench in your budget (pun intended!). When your car needs significant work, you might find yourself wrestling with a tough decision: should you finance the repairs, pay out of pocket, or start shopping for a new vehicle?
The Good News About Financing
Here at Avid Autocare, we've partnered with Synchrony and Bosch to offer financing options that make major repairs more manageable. For qualifying customers, you can get no interest if paid in full within 6 or 12 months, depending on the repair cost. Think of it like giving your wallet some breathing room while still getting your car fixed properly.
But When Does Financing Make Sense?
First, let's talk about when to repair versus replace your car. Here's a simple way to think about it: if your car's repair costs less than half of your car's value AND your car has been generally reliable, repairing it usually makes more financial sense. Why? Because even a few years of car payments on a new vehicle will typically cost way more than fixing your current ride.
Consider this: the average new car payment is now over $600 a month. That's $7,200 a year! Suddenly, that $2,000 repair bill doesn't look so bad, especially when you can spread the payments out interest-free.
Financing repairs often makes sense when:
- You're facing a larger repair bill ($1,000+)
- Your car is otherwise in good shape
- The repair will substantially extend your car's life
- You need your car fixed now but payday is still a few weeks away
The repair cost is less than 3-4 months of new car payments
Real Talk About Your Car's Value
Here's something many people don't consider: if your car has been paid off for years, you're still coming out ahead financially, even with occasional repair bills. Those months or years without car payments? That's money in your pocket that can offset maintenance costs.
When to Consider Replacement Instead
Of course, there comes a time when replacing your car makes more sense. Watch out for these signs:
- Repair costs are more than half your car's value
- You're fixing the same problem repeatedly
- Your car needs multiple major repairs at once
- You're constantly dealing with reliability issues
Making the Smart Choice
If you're facing a repair bill that makes sense for your car but not for this month's budget, our financing options can help bridge that gap. The key is to use financing strategically - like taking advantage of those no-interest periods to keep your car running without draining your savings or racking up credit card debt.
Remember, regular maintenance can help you avoid many major repairs in the first place. But when you do need significant work, don't automatically assume you need to replace your car. Do the math, consider financing options, and make the choice that best fits your long-term financial picture.
Need help figuring out if repairing your car makes sense? Stop by our Hamilton Couty, Ohio shop. We'll give you an honest assessment of your car's condition and help you understand all your options - including our flexible financing plans.









