Having a car can mean small or larger repairs. If your car’s engine needs fixing, but don’t have the funds to pay for it upfront, you may be wondering where to start! The great news is that there may be options out there that can help you pay for a blown engine.
From options like your auto insurance, manufacturer warranties, to loan options, funding for blown engine repairs are available. If a loan option is right for you, start with the experts at Max Cash® Title Loans! We are the #1 nationwide online title loan marketplace. And we make it easy to connect with title loan lenders all across the country.5 To get started simply head to our website and apply for an online title loan. Or give us a call at (855) 561-5626.
Starting with Your Manufacturer’s Warranty to Pay for a Blown Engine
If your manufacturer’s warranty/ extended warranty is still active, then check to see if they will cover the costs for repairing your engine. Depending on your var you may even have mechanical breakdown coverage, which can take care of mechanical failures or other mechanical issues. In many cases, they can fix the car for you for free, or at little cost to you. Many car warranties will cover wear and tear along with more serious car issues.
Checking for Recall on Your Vehicle’s Engine
In some cases, there may be a recall for your vehicle’s parts, which you can check for online or you may be notified by mail. If these malfunctioning parts cause your engine to blow, your car manufacturer will take care of replacement or repairs with no cost to you. All you need to do is set up an appointment at your local manufacturer repair location.
Your Car Insurance Company May be Able to Help.
If your engine has blown due to a car accident, and you have car insurance coverage, they may be able to give you the help that they need.
What Damages Does Car Insurance Cover?
Most car insurance policies will cover car repairs if the accident is your fault. If a car accident is caused by someone else, their insurance provider should cover the costs of repairing your blown engine or any other damages. Most policies may cover mechanical issues, engine problems/ engine damage, blown motors, vandalism, towing and more.
Depending on your collision coverage/insurance company you may be responsible to pay a deductible, and your monthly insurance costs may go up.
Loan Options to Pay for a Blown Engine
Let’s say you can’t turn to a car warranty you may have a used car that’s old, or simply your warranty is over. And then if insurance cannot cover charges or you need funds for the deductible or increase in monthly payments, you may need an alternative option for money to pay for a blown engine. In this scenario, a loan could help you out. Here are a few loan options to consider when looking to repair a blown engine:
- Personal Loans—personal loans come in all kinds of amounts and repayment terms. Keep in mind that for unsecured personal loans, credit will play a huge role with eligibility. Along with that, personal loans can sometimes take a few weeks (1-2) for their funding process.
- Credit Cards — like personal loans, eligibility will be based on the applicant’s credit. Keep in mind that the average process for credit cards takes about a week.
- Payday Loan —payday loans are a short term type of loan that works by using the borrower’s paycheck as collateral. many people turn to these loans when they need emergency cash, and don’t have the best credit history. However, these loans come with high-interest rates and tons of additional fees.
- Title Loans — title loans are a secured type of loan that uses the borrower’s vehicle as collateral. These loans are extremely fast, and once approved funding could be made available in as little as 24 hours. In order to take out a car title loan, you will need a qualifying title and income. Most people will use a secondary vehicle to apply for their title loan if their primary vehicle is severely damaged. Keep in mind minor repairs are usually okay with car title loans.
How Do I Protect my Vehicle After a Blown Engine?
After reapiring your car, protecting your car is important. Regluar maintanceis important to take care of the small issues with your vehicle, before they add up to a larger issue.
Additionally, have comprehensive coverage/full coverage on your vehicle will be another important part of protecting yourself, and your vehicle/ When you do get your car insurance, talk to your insurer about the details of coverage including coverage limits, deductibles, and exclusions, for your specific policy.
The Importance of a Savings
Being a car owner, there will be costs that can come up by surprise. This is a huge reason why having savings is important! Putting aside a little funding over time can help cover those surprise or timely repairs and maintenance for your vehicle. When you need fast cash to pay for a blown engine, Max Cash Title Loans may be able to help! To get started with a title loan simply head to our website and apply for an online title loan. Or give us a call at: (855) 561-5626. Once approved you could get the money you need to pay for your blown engine in as little as 24 hours!