I seriously need advice on my dead car.?

Question

I bought the car used three years ago. and it's now dead. The car's been nothing but trouble. I really want to get rid of it, but I still owe 5,000 on it. Is there anything I could do about this? Or am I screwed paying for a dead car? Thanks.

Answer 1

after 3 years there is nothing to do except fix it or don't. next time have a mechanic inspect the used car you intend to buy. may cost a few dollars but in the long run it saves lot of headaches

Answer 2

Unfortunately, you are not in a good situation. You paid and borrowed money for a car. The responsibility to see that it was worth the money was yours. Unfortunately, you still owe the money regardless. Your only hope is that the purchase included a warranty that is still in effect. If this were a used car, I would doubt that this is the case.

The real problem is that you are upside down on your loan, maybe. Is the car worth $5,000? If you can sell it for this much, you are OK.

Answer 3

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Answer 4

if you bought the car with no warranty than you'll have to pay the $5,000. Or have it repossessed had then you'll have bad credit for 7 years. You might be able to sell it to make up for some of the bill.

Answer 5

If the car cost to much to repair and the car lot refuses to do it for free your out another 5 grand and a car. If its buy here pay here and they dont put it on your credit give it back to them. I did. If not you just need to see if its going to be worth fixing or not depending on how much you can afford to fix it. Sorry to here that it happens all the time.

Answer 6

first it depend of what kind of car you have. however you can replace it by other car, it doesn't have to be first hand but all i can say is just get rid of it a.s.a.p. because if you keep it with you it will lose more from it price by time
look if you sell it now, lets say you will get 10,000$ after 6 months it will lose about 300$ after 1 year it will lose about 700$ from it original price not only because it's getting older but because you are also spending money to fix it.
now even if you did not pay all it price you replace it.

good luck
and buy a B.M.W that's my advice to you

Answer 7

if you owe 5000 you screwed. I'd either see a mechanic about getting it fixed or buy another car and continue to pay on this one. good luck

Answer 8

TALK TO FINANCE DEPARTMENT,WHERE U GOT THE LOAN THEY DONT WANT THE CAR EITHER THEY,LL TAKE IT AND SOMETIMES LOWER YOUR DEBT CONSIDERABLY,OR OFFER YOU THE EXTRA MONEY TO FIX THE CAR TO TRY TO RECOUP THE FULL LOAN VALUE.GOOD LUCK

Answer 9

What exactly is wrong with it and what make/model? We need more information to get a good answer.

Answer 10

Try to get it half *** fixed,than trade it in.