A major car repair can cost thousands of dollars — and it often happens when you least expect it. An Upstart personal loan can cover the cost quickly, getting you back on the road without draining your emergency fund or putting the repair on a high-interest credit card.
Common Car Repair Costs
| Repair | Average Cost |
|---|
| Transmission replacement | $1,800 – $3,400 |
| Engine repair | $2,500 – $4,000 |
| Head gasket replacement | $1,400 – $1,600 |
| AC compressor | $800 – $1,200 |
| Catalytic converter | $950 – $2,500 |
| Suspension repair | $1,000 – $5,000 |
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Frequently Asked Questions
Can I use an Upstart loan for car repairs? +
Yes. Car repair is an approved use for Upstart personal loans. You can borrow from $1,000 to $75,000 to cover any vehicle repair costs.
Is a personal loan or credit card better for car repairs? +
A personal loan is usually better for large repairs. Personal loans have fixed rates (typically 6–36% APR) and a set payoff date. Credit cards have variable rates that are often 20–29% APR with no set payoff date, which can cost much more over time.
How fast can I get a car repair loan from Upstart? +
Upstart typically funds loans within 1 business day after approval. This means you can get your car repaired quickly without waiting for funds.
What credit score do I need for a car repair loan? +
Upstart has no minimum credit score requirement. Their AI-based underwriting considers your education and employment history.
Should I repair my car or buy a new one? +
If the repair cost is less than the car's value and the car is otherwise in good condition, repairing is usually the better financial decision. A personal loan for repairs is typically much cheaper than taking on a new car payment.
WiseIQ may earn a referral fee from some lenders on this page. This does not influence our editorial ratings or recommendations. Our reviews are independently researched and editorially independent. Updated April 08, 2026.
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