car repair

How to Deal with Paying for Expensive Repairs to your Car

How do you deal with paying for expensive repairs to your car? Of course prevention, maintenance and safe driving are key. Damage from an accident, even a dent or some other type of damage, that it can cost a lot. A lot of people don’t have the money to pay for repairs on their own, and don’t have the skills needed to fix their car themselves. It can feel like there are no options.

Loans

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If you want to be able to pay for your own emergency car repairs, then you should look into getting a personal loan. A good way to do this is to get a personal loan and use it to pay for the repairs you need. You will have to take care of making sure you pay off the loan within the time frame that the loan is for. Cash advances usually do not have the most friendly loan terms, so be wary of this option.

The most important thing you should do is make sure you can afford the loan. If you can’t afford the loan, then don’t take it. If you have bad credit, you most likely don’t even have this option. Bad credit? Then you have to have enough in your bank account to pay the loan back before they will even think about approving you.

What makes a good loan? Usually a good personal loan is one with a very low interest rate. Look carefully at the loan terms, and make sure that you are looking at the APR, which is the Annual Percentage Rate. A good loan should also come with very flexible repayment terms. If you can get a loan like that like that, then a loan can help you a lot.

The thing to remember about these loans is that you can get one and they actually let you get away with getting more than what you need. Just keep in mind that you could end up paying even more money. Instead, get a loan for the smallest amount possible – not the amount that they approve you for! Don’t take the first thing that comes your way, you may find that there is something better out there for you.

Extended Auto Warranties

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If you don’t qualify for a loan, then you may want to check into getting a vehicle service contract. This will help you to repair your car while saving you money at the same time. These are called “Extended Auto Warranties” in most states, and called “Mechanical Breakdown Insurance” in California.

When thinking about getting an extended warranty on a used car, you might have different options – depending on the state that you live in. The criteria for a good extended warranty company are reputation, monthly payment options, and no waiting period. Gogetolive.com is an option that you’ll want to check out.

If you get regular maintenance done on your vehicle, you will end up saving quite a bit of money over time. Safe driving is also important! The warranty companies will charge you a higher amount if your car is involved in an accident. They may also increase the amount for repairs you need to get done.

Insurance

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Of course also do make sure you have car insurance on your vehicle. It may seem obvious, but it can help you a lot when you get an accident, if you are insured properly. Most states allow two kinds of insurance coverage: Comprehensive and Liability. Comprehensive coverage is the Gold Standard, with everything covered: Damage to any vehicles or persons comes with some sort of coverage. But don’t forget that you likely have a deductible. Paying that deductible means a large expense in itself sometimes. So read through your policy carefully and avoid running into a big surprise down the road.

With Liability coverage, you are covered for damage to other vehicles – and typically for bodily injury – but not covered at all for your own vehicle. This means you will be entirely responsible for the potentially VERY expensive repairs on your own vehicle. These could exceed the value of your vehicle, or not even be possible.

Even if the other party in the accident is not injured, he can sue you. So as mentioned before, always drive carefully and make sure that your vehicle is properly maintained!

Credit

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Have a clean driving record and keep your credit in great shape. You might find that some of the companies will charge you more for auto insurance because of bad credit. Poor credit can cause you to have to pay for some of the repairs that you have to get done. If you have fewer credit options, you are very likely to pay more.

Most repair shops have credit options available, but none are what most would call a good rate. Even if you were able to pay in full for your auto repair, you are likely to be offered their house brand of credit card – with the cashier getting a bonus based on your signup! So beware of this type of credit to keep expenses down.

Make sure that your credit report is checked periodically. Your lenders certainly will! Most lenders will run a credit report once a year. This will let them know if you are still able to make all of your payments and keep up to date with your bills. It will also let them know if any outstanding accounts you have are current. Make sure that you also check your credit report every year. You will want to note any mistakes in reporting, and dispute anything you have a valid reason to dispute. The longer an error is on your credit report, the more difficult it will be to remove.

If you keep in mind a few simple tips, you will be able to save a ton of money on repairs to your car. Car repairs tend to be expensive financial emergencies, but you can get through them with personal loans, insurance, an extended auto warranty, or other credit options.

Steps to Take After a Car Accident to Avoid any Legal Issue

Have you ever experienced a car accident? If “Yes”, then you must be aware of the severe injuries and legal consequences that you have to encounter after a car accident. However, you can avoid these consequences if you follow a few steps immediately after the accident. Below are some steps to take after a car accident to avoid any legal issues.

1. Stay at the accident site

Avoid leaving the accident site. Otherwise, you may face severe criminal punishment for the hit-and-run driver. So, we suggest you stay at the accident site no matter how urgent it is.

2. Check all passengers and drivers

Passengers and drivers can face personal injuries as a result of a car accident. It is highly advised to check all passengers and drivers to identify any injury. Immediately get medical attention for the injured persons. Never move an unconscious individual or a person with back or neck injury until competent medical assistance arrives.

3. Call the law enforcement agency or police

Look for the property damage and personal injuries involved in the car accident. Call the law enforcement agency or police in case of a severe injury, death, or property damage. File a police report when the police officers reach the accident site and get the badge numbers and names of those officers.

4. Exchange information

Exchange information with the drivers being involved in the accident such as names, addresses, numbers, license numbers, insurance information, and license plate numbers. Also, obtain the names and contact details of all the passengers. Be cooperative and cordial with the passengers and drivers while exchanging information.

5. Exchange auto insurance information

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Don’t waste any time in exchanging the auto insurance information with other drivers. The insurance companies of all the involved parties require this contact information to decide who will pay for the loss.

6. Never talk too much

It is advised not to get out of your car even if it’s your fault. Make sure to tell the truth, and stick to it. Never share your opinion with other drivers or passengers. Also, be careful not to discuss any injuries. If anyone asks you about your condition, just simply answer that your doctor will access your health condition.

7. Approach witnesses

Approach every witness and ask if he/she saw the accident. Get their addresses and numbers to contact them in case of help.

8. Contact your insurance company

Inform your insurance company about the car accident. Be honest with your insurance company and tell them everything in detail. Do inform them about your injuries or property damage. Get and access the police report to inform your insurance company about the culprit.

9. Keep a record of your medical bills and reports

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Keep a record of the medical treatment that you have received due to the car accident. Keep your medical bills and reports with you to satisfy your medical expenditures latter. List all the routine activities that you can’t perform due to personal injuries. Also, you can search for law firms such as Lerners, where you can get explanations and advice about personal injuries.

10. Take photos

Take photos of your damaged property immediately after the car accident. Photographs will help your insurance company identify the extent of damage and its compensation. In this way, you can get good compensation for your car damage.

11. Remain calm

Being in a car accident can be stressful, even if it’s a minor one. So, if you forget to take photos or contact detail of another driver, then don’t be nervous. You will feel disoriented, even if you are fully prepared. So, be ready for such a feeling and remain calm. Just make sure to get the insurance information of another driver because it’s most important. You will have a minor chance of getting compensation from the other party’s insurance company if you don’t have its contact information. So, be focused on that and don’t stress if you have made a mistake elsewhere.

12. Obtain damage valuation of your car

If you are not satisfied with the damage valuation of your insurance company, then nothing to worry about. Get 2 independent replacement quotes or repair estimates. Confidently inform your insurance adjuster about your concerns. In case of non-agreement, consider consulting an attorney.

13. Hire an attorney

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If you or your family member has suffered an injury, then do consult a well-experienced attorney. Your attorney will help maximize the recovery if you are injured. Plus, an attorney will better fight for you if you are guilty. Most of the car accident attorneys only charge a fee if you get a settlement or awarded damages. So, make sure to hire an experienced accident attorney.

14. Get your car repaired

Now, it’s the time to get the services of a garage or a tow truck to repair your damaged car. Only make this decision once you have accessed the type and extent of the damage. At times, the harm is not apparent at once, particularly it’s internal and thus out of sight. Under such a circumstance, you will identify the issue only after driving the car. So, it’s better to call a tow truck as you may be nervous about driving the car to the garage.

After reaching the car repair showroom, the mechanic will access your car and then give his viewpoint along with an estimated cost.

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If your car has been badly damaged that it cannot be repaired, then the mechanic will suggest declaring it as totaled. At that time, you can either purchase the same car again or start searching for a new one. Sometimes, you will be required to leave your vehicle at the workshop for some days, so make sure to take off your possessions, including your papers and toolbox.

15. Beware of an early settlement offer

Beware if you receive an early settlement offer from your insurance company. Verify all your injuries and property damage before settling for a claim.

16. Never talk too much

It is advised not to get out of your car even if it’s your fault. Make sure, to tell the truth, and stick to it. Never share your opinion with other drivers or passengers. Also, be careful not to discuss any injuries. If anyone asks you about your condition, just simply answer that your doctor will access your health condition.