We all hope that our loved car do not breakdown and cost us $1000’s of dollars in repairs however the truth is it happens! And it always seems to happen when cash flow is low. When we first purchase car the one thing most buyers do is look for a reliable car that will not cost a lot money in running cost nevertheless when buying a car, we can never know 100% if that will be the case. There are a few precautions you can take which are listed below:

  1. Get a professional inspection by a reputable company
  2. Research the make and model for known issues
  3. Why is the owner selling the vehicle?
  4. Has it ever been damaged
  5. Inspect the vehicles service history
  6. Get a REVS check or registration to know the history and if any money is owning on the car (No car should be purchased without this)
    1. NSW
    2. VIC
    3. QLD
    4. SA
    5. WA

A vehicles service and maintenance history is extremely important and unfortunately overlooked a lot when buying a vehicle. Cars are designed and engineered to incorporated scheduled maintenance and serving. A car that has undertaken the right maintenance throughout its life can last 2 to 3 times as long as another identical car that has not had the same service history. The service history will also give you a very indication on how the previous treated the car. Another tip is asking for receipts for each service so you know exactly what has been done as most cars require major repairs at certain times such as changing the timing belt on a car. Just because a car has been serviced it doesn’t mean the owner nor the mechanic have done what is recommended by the manufacture. Not replacing a something as simple as a timing belt on a car can end up costing thousands upon thousands of dollars in repairs.

Unfortunately, even though we may take out all the above precautions and much more there just times a car will breakdown unexpectedly or incur cost that we just have not budgeted for such as tyres, brakes and car registration and so on. That’s where Cash Pal can and has been assisting so many Aussies avoid the stress and headache of having to find the cash to pay for car repairs and getting you back on the road in no time with our super-fast quick online loans. Loan for Car insurance, repairs, maintenance, registration or whatever you may need it only takes few minutes to get a decision and you could even get your cash on the same day by offering our client a simple, easy, super-fast,100% online lender finding service.

Why is Cash Pal The Answer For car repair loans

Cash Pal know how hard it can be trying to find the right lender who can assist you when you need the cash most and need the cash fast, like today fast! When you need to borrow money quick you don’t have time apply with a number of lenders all asking the same questions. Cash Pal being 100% online allows your application to be put forward to a number of lenders who can assist you with your cash loan and just as important our lenders, once approved can get you the cash in your account  quick. Our easy to use loan application  only takes minutes to complete and you could have an answer within minutes of completing your online loan application. Cash Pal offer small personal loans from $300 to $10,000 which allows you to repay your cash loan over 12 to 24 months.

Can I get the Cash Today?

Cash Pal is there to match your loan application with the right lender, from the application process being 100% online and only taking minutes to complete, to being put forward to a panel of lenders to save you time having to apply so many times to find the right lender for you. We try our best to simply connect our clients with lenders who can offer instant cash loans super quick so you can get on with living your best life without having to worry and stress about unexpected cash flow issues. Cash Pal’s purpose is to find you the best lender so you can get your cash when you need most in the quickest possible time frame.

What are the fees for a car repair loan?

It is very common to ask this questions and at Cash Pal we cannot stress enough how important it is to know exactly what the fees are when applying for a cash loan to repair your car. please visit the cost page on the Cash Pal website and read all information carefully before applying for a cash loan to repair your car. You can also visit the FAQ page on the Cash Pal website which answers a lot of questions our client have asked.

Although all cost and fees of a cash loan will depend on the lender below is what you can except in regards to fees and cost:

Small Amount Credit Contract (loans from $500 to $2000), costs are:

  • Establishment fee: 20% of loan principal.
  • Flat monthly fee: 4% of loan principal.
  • Direct debit dishonour fee in the event of a missed payment.

Medium Amount Credit Contract (loans from $2001 to $4600), costs are:

  • Establishment fee: $400 flat fee.
  • Annual Percentage Rate: 48%.
  • Must be secured by a vehicle (car, boat, caravan or motorbike)
  • Direct debit dishonour fee in the event of a missed payment.

Large Amount Credit Contract (loans from $5,000 to $15,000), costs are:

  • Annual Percentage Rate: 21.24%
  • Must be secured by a vehicle (car, boat, caravan or motorbike)
  • Direct debit dishonour fee in the event of a missed payment.

I’m on Centrelink or I have bad credit – Can I still apply for a cash loan

Having bad credit or being on Centrelink does not automatically exclude you from being able to find a cash loan to repair your car and get you back on the road. The below is the only criteria to apply.

To be able to apply you must:

  • Be 18 years or over
  • Be A Australian citizen or permanent resident
  • Be receiving a regular income for at least 90 days
  • Have a valid email and mobile number

Need more information about cash loans?

If you have any questions about how Cash Pal can help find the right lender for you please don’t hesitate to contact our customer care team at  hello@cashpal.com.au or visit our FAQ page for more information.

Ready to get back on the road? You can apply here within minutes