Catalytic converters are an essential part of every modern vehicle, but are also one of the more expensive parts to replace. Replacing a catalytic converter is an important part of car care.
In this article, we’ll be focusing on:
Catalytic converters are a part of a car’s exhaust system and contain precious metals like platinum, which help reduce the vehicle’s emissions. Like any other part, however, the parts can also fail, which may cause your vehicle to fail smog inspections.
Over time, the honeycomb-shaped material inside a catalytic converter can disintegrate or clog, causing poor emissions. Not only can that lead to failing an emissions inspection, but it may also lead to poor engine performance.
A growing problem is catalytic converter theft, mainly due to the platinum. Thieves will usually cut the catalytic converters from cars to sell them for scrap. A vehicle with a missing catalytic converter may be obvious because it will be loud the first time you start it.
If you think your catalytic converter was stolen, it might be a good idea to file a police report. Another tip – contact your insurance, as the replacement catalytic converter may be covered.
Catalytic converter replacement costs are commonly $1,000 or more. This high cost usually comes when you least expect it, making it a good option for financing.
Below is a rough estimate of costs for a catalytic converter replacement:
Note: Labor costs can vary depending on complexity and the number of catalytic converters installed.
Keep in mind that part availability is a problem for some vehicles. Finding an auto repair shop to work on short notice may also factor in the price in some locations.
Catalytic converter replacement costs depend on several factors. Two of the biggest factors are labor costs–which may vary by region–and the costs of the part.
Elements that impact the cost:
Replacement catalytic converters are not all made equal. Here are three types of catalytic converters to familiarize yourself with before speaking to a repair service provider or auto mechanic.
1. Original Equipment Manufacturer (OEM) Catalytic Converters
2. Aftermarket Catalytic Converters
3. Universal Catalytic Converters
A good auto service shop that also offers emissions testing should be able to help guide you to the best option
Car owners turn to auto repair financing for a range of issues, and catalytic converters are just one example. Financing a car repair can help keep your car on the road and avoid headaches associated with failing an emissions check. Also, fixing a bad catalytic converter may improve the car’s overall performance and fuel efficiency.
A common misconception is that drivers need good credit or a large down payment to qualify for auto repair financing. Good news – alternative payment options are available for those struggling with car trouble, including options with no credit required4.
Several financing options may be available for car repairs. For instance, some auto repair shops may offer car repair payment plans with weekly or monthly payments.
Even if a repair shop does not offer in-house financing, it may partner with a traditional credit company, offering payment plans for qualified customers. In most cases, that may mean a credit check (and a high credit score.)
Some drivers who need to pay for catalytic converters may add a high cost to a credit card balance. Unfortunately, a large upfront repair costs of a catalytic converter replacement may be too large to add to a credit card balance.
Others may use a title loan option as a way to cover auto repair expenses. Getting a title loan typically means having a clean title, so the car would have to be paid off.
A bad credit personal loan or installment agreement may be a good option for people with less-than-perfect credit who need to get back on the road. Payment solution options1, like the ones offered through American First Finance, allow you to apply for $300-$5,000 to cover catalytic converter repairs.
Not all repair shops are created equal but finding a good one doesn’t have to be a hassle. Here are a few considerations when searching for catalytic converter repair shops:
Searching for “emission system repairs near me” is a good start to finding reputable shops in your area. You can also look at reviews and get a sense of other people’s experiences with the shop. It may also be a good idea to get recommendations from friends and family members.
To find a mechanic or auto repair shop that offers payment solutions through American First Finance, start here by using our merchant search tool.1
Breaking down or failing an emissions test doesn’t have to stop your day-to-day life. Having reliable transportation is critical for getting where you need to go on a daily basis, including work.
While a common symptom of a bad catalytic converter is poor engine performance, the unseen symptoms include decreased fuel economy and dirtier exhaust from the muffler.
Those unseen problems can add up quickly as you are left spending more money on fuel. Additionally, the bad emissions can leave you failing a smog test and incurring fines or penalties. The best way to avoid those costs is by getting your catalytic converter repaired as soon as possible. While you are getting a replacement, also consider adding on a catalytic converter theft protection kit.
FAQs About Bad Credit Financing for Catalytic Converter Repair: