I've had it for a yr and I just got informed that it needs over 3000.00 worth of work done.Big time oil leak is #1.I put 5 qts of oil once a week in it.Plus it needs a new radiator,shocks,some rack pin stuff.I'm financing it,I know I'm dumb but i needed a car,so what if I call the bank and tell them I dont want this car any more.What would happen?
2007-04-05 09:20:06 · 3 answers · asked by Anonymous in Cars & Transportation ➔ Maintenance & Repairs
your best bet is to trade it in.
2007-04-05 09:26:17 · answer #1 · answered by technicanb 4 · 0⤊ 0⤋
Well, the bank is going to repo your truck. They will sell it for next to nothing, then they will come after you for the balance of the loan amount. They will hound you, ruin your credit rating for the next 5 years, and generally make it difficult for you to finance anything for this period.
You need to prioritize the repairs that are needed and get them done as you can. The two items I see needing imediate attension are the engine (replace with a rebuilt engine?) and the steering (what I'm thinkinig you describe as the rack and pin could this be rack and pinion?) Next would be the radiator, then last the shocks. Have you looked at alternate shops that could do the work for you? They don't all charge the same rates.
2007-04-05 10:37:29 · answer #2 · answered by Jeffrey S 6 · 0⤊ 0⤋
5 quarts of oil per week?? Yes, that is a big time leak.
Would you happen to know where the leak is? If it's say, the oil pan, you might be in 'luck'.
Shocks... okay. Why the new radiator?
All depends on how much you owe on the truck, the mileage etc.
If you do spend the $3k and the truck is set for a couple more years, that might not be so bad.
2007-04-05 09:37:16 · answer #3 · answered by Wil T 3 · 0⤊ 0⤋