No lien on your car
Unsecured — the lender never touches your title or vehicle.
Auto Repair Loans
Auto Repair & Purchase Loans
An auto repair loan is a fixed-rate personal loan you can use to fix your car, replace tires or a transmission, cover an insurance deductible after an accident, or make a down payment on a used vehicle. Through The Lending Group's network of U.S. lending partners, qualified borrowers can access $2,500 to $50,000 with APRs from 6.99%, terms of 24 to 84 months, and no origination fees on qualifying products.
- Cover repairs, tires, transmissions, or insurance deductibles
- Fund a used-car purchase without dealer financing markups
- Soft credit check — see your rate in 60 seconds with no score impact
- Funds deposited in 1–3 business days after approval
Soft credit check • No impact to score • 60-second form
What is an auto repair loan?
An auto repair loan is an unsecured personal loan used for vehicle-related expenses. Unlike a traditional auto loan, the lender does not place a lien on your car — the loan is based on your credit and income, not the vehicle's value. That means you can use the funds on any make or model, at any mechanic, without an appraisal.
Common uses include major repairs (engine, transmission, suspension), a full set of tires, brake or exhaust replacement, insurance deductibles after a collision, motorcycle or RV repairs, and used-vehicle down payments where dealer financing rates are unattractive.
Why a personal loan beats putting the repair on a card
The average U.S. credit card APR is over 22%. A $3,500 transmission repair carried on a card with a 2% minimum payment could take more than 15 years to pay off and cost thousands in interest. The same $3,500 as a 36-month personal loan at 14% APR is about $120/month and around $760 in total interest.
For used-car purchases, dealer financing on older vehicles often prices 18%+ APR — sometimes higher for shorter loan terms. A fixed-rate personal loan lets you buy the car in cash, negotiate a better price, and pay the loan on your own schedule.
Common auto uses
Borrowers use auto loans for: transmission and engine repairs, replacing tires and brakes, body work after collisions, insurance deductibles, timing belt and major service milestones, hybrid battery replacement, motorcycle or ATV purchase, boat repairs, and RV or camper down payments.
You can also use the funds as a used-car down payment to reduce your auto loan balance and monthly payment — a common strategy when dealer financing offers are worse than personal loan rates for your credit profile.
What to prepare before you apply
Have your legal name, date of birth, Social Security number, current address, employer and monthly income, and bank routing and account numbers ready. Get an itemized estimate from your mechanic first so you request the right amount.
Most lenders in our network can fund an approved loan in 1–3 business days. Once funds arrive, you can pay the shop directly by card, check, or ACH.
Why borrowers choose us for auto repair & purchase loans
Use any mechanic
Not tied to a dealer or repair chain. Pay any shop, anywhere.
Fixed payment
One predictable monthly payment with a firm payoff date.
Fast funding
1–3 business day funding — critical when you need your car back on the road.
Better than dealer financing
Buy used with cash and negotiate a stronger price.
No prepayment penalty
Extra payments go straight to principal, no fees.
Common ways borrowers use these funds
- Transmission or engine repair
- New tires, brakes, or suspension work
- Body work after a collision
- Insurance deductibles
- Timing belt and major scheduled service
- Hybrid or EV battery replacement
- Used-car down payments
- Motorcycle, ATV, or boat repairs
How it works
- Step 1
Check your rate
Answer a few questions and pick the amount you need. Soft credit pull only — no score impact.
- Step 2
Compare and choose
Review offers from our lending partners. Pick the rate and term that fits your budget.
- Step 3
Get funded
Sign electronically, receive funds in 1–3 business days, and pay your shop.
Car Loan Calculator
Estimate your auto loan payment
Enter the vehicle price, your down payment, trade-in value, and rate to see your estimated monthly car payment.
$
$
$
$
8.99%
60 months (5 yr)
For example only. Auto loan APRs vary by vehicle age, mileage, lender, and state. For financing tied to a specific vehicle, complete your dealer or bank application. The Lending Group offers personal loans that can also be used for vehicle purchases, refinancing, or repairs.
Frequently asked questions
Do I need to specify the car or repair?
No. The loan is unsecured and based on your credit, not the vehicle. Funds land in your bank account and you use them as you choose.
Can I use this to buy a used car?
Yes. Many borrowers use a personal loan when dealer financing rates are worse than personal loan rates for their credit profile, or when buying privately.
What credit score do I need?
Most lending partners look for a FICO score of 620 or higher, plus verifiable income.
How fast can I get the funds?
Most approved borrowers are funded in 1–3 business days.
Will the lender put a lien on my car?
No. This is an unsecured personal loan, so no lien is placed on your vehicle.
Are there fees?
Qualifying products in our network have no origination fees, prepayment penalties, or late fees.
Explore more
Related loan options
Borrowers looking at auto repair & purchase loans often compare these alternatives. Same soft-pull rate check, same lender network.
Emergency Loans
Fast funding for urgent bills — a safer payday-loan alternative.
Learn more
Debt Consolidation Loans
Combine high-interest balances into one fixed monthly payment.
Learn more
Medical Loans
Cover deductibles, dental work, fertility, and elective procedures.
Learn more
Moving & Relocation Loans
Cover deposits, movers, and first/last month's rent in one loan.
Learn moreReady to see your rate?
Checking takes 60 seconds and won't affect your credit score.