Confident Financial Solutions (CFS), a consumer finance company that offers auto repair financing to service centers and their customers, today announced that the top five auto repairs service customers finance are:
- Timing belts/water pumps
- Transmission or engine work
- Struts and suspension work
According to Richard Counihan, CEO of CFS, these five repairs are all expensive and not front of mind to your average vehicle owner, so it can be difficult for customers to come up with the needed cash for the repair. In fact, a recent study from the New York Fed states that one-third of Americans can’t come up with $2,000 to deal with an emergency such as a home repair, medical crisis, or car accident. Read the full article here.