transmission repair costs

How To Pay For An Expensive Transmission Replacement Cost

Vehicle maintenance is expensive, especially when it comes to replacing a transmission. This is a procedure that normally costs several thousand dollars, making it extremely stressful to pay for. You can do it though -- by finding ways to increase your income or looking for aid from your community.

Pricey Transmission Replacement Cost? Try These Methods

Are you saddled with an expensive transmission replacement? These are some of the ways that you can help to pay for it.

Find A Side Hustle

The easiest way to pay for an expensive transmission replacement cost is to find a way to bring more money in. A quick way to boost your income is to find a side hustle, which you can easily do online.

If you have a specific skill that you can market online, you can easily find work in the freelance gig economy. If you are good at writing, graphic design, voice acting, consulting, customer service, or anything else, you can find your niche in the world of freelance.

You also do not need to rely on your skills. Do you like dogs and cats? You can start pet sitting on an app like Rover. This lets you earn money by watching peoples’ pets for them while they are on vacation.

You can also rent out your home on AirBnB. If you have an extra bedroom, you could rent it out to people who are staying in town. If you have a second property you can even rent out that second home full time to generate even more extra income.

If you do these things to earn more money on the side, it will be much easier for you to afford the transmission replacement cost.

Another way that you can earn more money to pay for your transmission replacement cost is to find a second job. Finding another job to do in your spare time will free up more money in your budget that you can use to pay for your new transmission. Combining a second job with your side hustle will have you raking in the cash.

Use Your Emergency Savings

Another thing to consider is using your emergency savings. Financial experts recommend that you have three to six months’ worth of living expenses saved up in case of emergency. Normally this money is set aside so that you can have money to live on if you suddenly lose your job or if something unexpected happens.

However, paying for your transmission replacement is still an emergency expense. If you do not cover this cost, you will likely lose your job and you will have difficulty living your life.

transmission replacement cost

Try Crowdfunding

Another popular option that people sometimes turn to in situations like this is crowdfunding. You can create a page on GoFundMe to ask the community around you to donate money to your cause.

This can be a hit or miss prospect, and you might not be able to raise very much money at all to help pay for your new transmission.

However, every little bit helps. Replacing a car transmission is expensive and having just a few extra bucks in your pocket goes a long way when you are trying to pay for a $7,000 transmission.

Get Help From Fast Auto Loans, Inc.

Another option that you can look at if you have to pay for a transmission replacement is to seek help from Fast Auto Loans, Inc. in the form of vehicle title loans. You can receive cash fast based on the value of your vehicle so that you can pay for your new transmission.

There are a few benefits when you apply for help with vehicle title loans. These benefits include:

  • You never have to visit a store; they will meet you at a location of your convenience
  • You keep your vehicle while you repay the loan
  • You can have your cash deposited directly into your account
  • You get to enjoy great customer service
  • Your credit score is not a factor, you can apply with good credit, bad credit, or no credit at all

If you are interested in this option to get fast cash, the application process is very simple:

  • Get your photo ID, your vehicle, and the lien-free title to your vehicle
  • Call your nearest store location to get started, or fill out the online application form
  • Meet your loan specialist agent and let them inspect the value of your car
  • Let them help you finish the rest of the paperwork
  • Get your emergency cash in half an hour or less
  • Pay for your transmission so you can get back on your feet

Final Thoughts

Transmission repairs can be a costly endeavor. If you are struggling to find out how to pay for an expensive transmission replacement cost, these strategies can help you find a way through this problem. If all else fails, turning to title loans may be an option to help pay for it.

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

June Mckaig

June Mckaig writes articles on finance and budgeting, hoping to provide insight amidst the overwhelming crowds of information on the internet. She feels that with all this accessibility comes a lot of false data, and she would like to contribute astute, helpful input that she knows can help others. If you would like to learn more about June's research, read more here.

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