Vehicle ownership costs can be unpredictable at times, and even the most reliable vehicles break down at the most inconvenient times. When that happens, you need a service like GarageTouch to find you the best mechanics and cover your vehicle's repairs so you can quickly and safely get your vehicle back on the road.
Don't let unexpected vehicle repairs empty your wallet. Save your money for serious emergencies. Pay us back over time.
We work with insurance companies to lower premiums on vehicles approved for GarageTouch Drive Now, Pay Later.
Used for rideshare, delivery, rental, or business activities.
Requirements:
Years 2012-2020
Full Vehicle Inspection
Visual inspection, road test, engine and mechanical system check.
Vehicle Registration and Insurance
Financial Statements
Platforms Pay Statements or Business Financials
Used only for personal transportation, leisure, or collection.
Requirements:
Years 1960-2020
Full Vehicle Inspection
Visual inspection, road test, engine and mechanical system check.
Vehicle Registration and Insurance
Personal Income Verification
GarageTouch Loan eligibility and the term your vehicle is eligible for are based on a variety of factors. Some of those factors include vehicle’s usage, condition, year, make, and model, and time on GarageTouch. You can look to see if you have a pre-qualified offer by visiting your GarageTouch app.
No, applying for a GarageTouch Loan does not affect your personal or business credit score.
Loan repayments are automated as a fixed percentage of your outstanding balance. This means repayment flexes with how much of your credit you use. GarageTouch Loans offer different target repayment terms ranging from 90 days to 360 days, depending on eligibility. The maximum repayment term is 60 days following the end of the target repayment term. Any outstanding balance due at the end of the maximum term will be collected automatically via ACH.
GarageTouch Loans have:
The total amount you owe is the outstanding balance (what you used) plus the Service Fee when you make a payment. There is no compounding interest, prepayment, or hidden fees.
GarageTouch Loans can only be used on the approved vehicle for repairs and maintenance services provided by an approved Vendor on the GarageTouch platform. Funds cannot be used for other or any services rendered outside the GarageTouch platform.
If you miss a payment, you a five(5) days grace period to make payment or else you’ll be charge a Late Fee. Too many late payments could resort to suspension and the total Outstanding Balance becoming due.
Yes. If you miss your payment by more than 5 days, you’ll be charged a Late Fee in the amount of $100 + 5% of Outstanding Balance.
GarageTouch doesn’t guarantee an exact amount or if there will be a decrease in your insurance premiums. However, because GarageTouch Drive Now, Pay Later program can reduce the number of claims, many Insurance companies offer higher discounts to their customers with vehicles approved by GarageTouch.
