Beware Predatory Auto Repair Loans

Rates can go as high as 189%

Andy Spears
2 min readJun 27, 2022

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Photo by C Joyful on Unsplash

Car repairs can be expensive and unavoidable. Yes, you want your car back on the road as soon as possible. But you may not have the money ready to pay for an expensive repair. Going without a car is often not an option.

Enter the auto repair loan. Many major car repair shops offer financing plans so you can pay for your repair over…

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Andy Spears

Writer and policy advocate living in Nashville, TN —Public Policy Ph.D. — writes on education policy, consumer affairs, and more . . .