How To Pay For A Blown Engine: Financing Your Auto Repairs

Paying for unexpected car repairs like a blown engine is not something you can prepare for. While you may have enough in your emergency fund for simple repairs, an entirely (or partly) new engine is a different story. Luckily, you can get financial help for car breakdowns with car repair financing options.

In this guide from Nevada Title and Payday Loans, Inc., we will explain how to go about paying for unexpected car repairs. We will review the cost of engine repairs and emergency auto repair loans that can help in your time of need, including payday loans and installment loans.

What Is The Average Cost Of Engine Repairs?

The average cost of car engine repairs depends on many factors, but a typical replacement will set you back between $2,000 and $10,000. The cost of engine repairs depends on the make, model, availability, labor costs, and other factors. Even "minute" repairs can be as much as $400, depending on the severity of the damage and the specific part you need. 

Use these examples as a general guide for how much to replace a car engine:

• Head gasket replacement — Between $3,000 and $5,500
• Ignition coil replacement — Between $100 and $600
• Mass air flow sensor replacement — Between $400 and $600

What Are Your Car Engine Replacement Options?

While you may assume you will have to get a brand new engine after yours breaks down, that is not always the case. You have plenty of cheaper options that can help when paying for unexpected car repairs.

Here are your three options for car engine replacement:

• Used engine — Whether you don't plan on keeping your current car for very long or you can't get approved for emergency auto repair loans, you can replace your blown engine with a used one. Just make sure you have a professional select it to save another trip to the mechanic in the not-so-distant future.
• Engine overhaul — If your engine still contains some good parts, an experienced mechanic may be able to disassemble it, replace the faulty parts, and put it back together again. Sometimes, this is the cheapest option, but it depends on how much work needs to be done.
• New engine — As you can probably guess, a new engine is the most expensive. You will need to qualify for a fairly large amount from loans for engine replacement. However, it does give you peace of mind that it's brand new, problem-free, and will work for years.

Regardless of the one you choose, there are many factors that affect the cost of your replacement (and thus, the amount you'll need from loans for engine replacement). Some of the factors include the make and model of your vehicle, how qualified the mechanic is, your warranty, and labor costs.

Four Car Repair Financing Options

Whether you're financing auto repairs without insurance or not, it can quickly become one of the most expensive unexpected costs. However, you will be pleased to know that you can get financial help for car breakdowns through multiple car repair financing options, including loans for engine replacement.

The following are four ways to go about paying for unexpected car repairs:

1. Credit Cards

Depending on how expensive it will be to repair your car or replace its blown engine, you can use a credit card to fund it. As long as you already have a credit card with enough available balance, it is one of the easiest ways to finance your auto repair costs quickly.

It may still be a viable option if you don't already have a credit card. You will just need to research providers before filling out an application for your preferred one. On top of that, you will be subject to credit searches, so make sure you have a desirable credit score before applying to avoid disappointment.

2. Friends And Family

If you don’t want to put yourself in debt to a credit company, you could try to borrow money from friends and family. Getting financial help for car breakdowns from loved ones allows you to borrow money without needing to worry about interest rates.

However, a family member or friend likely will not be able to afford a full engine replacement; they may only be able to help you afford a portion of your car engine replacement. You also need to have a plan in place to repay what they lend you, as failing to repay a loved one can put a strain on your relationship.

3. Payday Loans

If you don't have the best credit score and don't want to ask your friends or family, you can get a payday loan from Nevada Title and Payday Loans, Inc. You can borrow up to $500 from a future paycheck if you can prove you have current income. Getting approved takes less than one day, allowing you to quickly get payday loans for engine replacement.

The following are the required items for payday loans in Nevada:

• Your most recent pay stub
• Your state-issued identification (e.g., driver's license, passport, or similar)
• A blank check from a checking account that is open and active in your name

To qualify, you must be at least 18 years old, and your name must match across all your documents. If not, we won't be able to process your request.

Provided you can meet these requirements, the process is easy. You just get started online by filling in the form on this website, and we will give you a call to guide you through the rest. You must head to the nearest Nevada store location to you with your required items. You can get approved within 30 minutes and receive your emergency cash by the next business day.

4. Signature Installment Loans

If your credit score is better, you can get approved for signature installment loans for more emergency cash. Borrowers can receive up to $1,500 for installment loans after agreeing to repay their loan in fixed installment payments every month. Like unsecured personal loans, you won't need to secure the loan with an asset; we just require your signature and your promise to repay the loan!

The following are the required items you need to get approved for a signature installment loan:

• Your driver’s license or state-issued photo ID
• A checking account statement from an account opened in your name
• Your proof of income

Like payday loans, you need to be at least 18 to get one, and you will need to head to your local branch as part of the process. However, it isn't as arduous as standard personal loans. After all, tackling mountains of paperwork isn't what you want to do when facing unexpected car repairs! You can get these emergency auto repair loans the same day you apply for fast financial relief.

Get Emergency Auto Repair Loans From Nevada Title And Payday Loans, Inc. Today!

Our payday loans and signature installment loans can help when you desperately need financial aid to pay for auto repairs. If you have a blown engine you cannot afford to replace, our friendly loan representatives can guide you through our quick, efficient approval process. Apply online with our loan form and get approved on the same day to pay for an engine replacement as soon as possible.

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.