It’s called an accident for a reason. You were simply driving down the road and now suddenly here you are on the shoulder, staring at your broken vehicle. You still have a job to go to, errands to run and obligations to keep. The one thing you don’t have, however, is money to pay for the costly repairs caused by this accident.
So what do you do? You need fast cash or a quick loan and you need it now.
It’s a situation thousands of people face each year when they fall victim to an auto accident. If you're one of them, consider the following alternatives:
- Seek an installment loan. Installment loans offer an affordable monthly payment at fixed rates and terms. Loans can be the quick fix you need for your cash shortage and your broken down car.
- Try to negotiate. Depending on the repair shop, negotiating may or may not be possible. It never hurts to ask if there are any options for a more affordable price, though. Perhaps there is a discount available depending on the parts you choose, or maybe the shop can put you on a payment plan. Different repair shops have different offerings so don’t be afraid to ask one, or several, to see if they have a plan that works for you.
- Find a handy friend. If someone in your family or friendship circle is capable of making automotive repairs, see if they will tackle the job for you. They may accept a reduced rate or perhaps you can pay them back with help in another way. Be sure, of course, to completely understand the damage that has been done to your car, as you don’t want your friend or family member to do work that would jeopardize your insurance or expose you or the vehicle to future damage or injury.
- Sell off personal items. This can be painful to do but it is an option. Websites like eBay, Craigslist and Facebook have made selling possessions easier than ever, and you can always set up an old-fashioned garage sale on the weekend. Start with the low-hanging fruit, the things you wanted to get rid of anyway, and from there work your way up toward things you find more and more valuable until your goal is met.
No one plans for a car accident and the world certainly doesn’t stop for you just because you’ve had one. When you are the victim of an accident, you need a plan to get your vehicle back on the road quickly. The sooner you employ one of the tips above, the sooner you’ll be back on the road wondering how you ever found yourself on that shoulder in the first place.