I had the loan originally for $5000 but got it down to 3,000 left . It's a 94 4runner and it needs a new transmission which is pretty pricey about $1500 at the least, I have $1,200 in my savings now so I'm pretty screwed. But over the past week I was looking around for a new vehicle and found a few for a relative good price and i was wondering if i should get a loan to buy a new car and pay off the old one or just get the old one fixed and then wait a few months and get a car that is more desirable for me
2007-12-31 09:52:20 · 6 answers · asked by sportsguy231 2 in Cars & Transportation ➔ Other - Cars & Transportation
The main things to have are,a reliable car that is not going to brake down and is at a reasonable price.Now this should leave you in a comfortable position to pay any loans off quickly.
2007-12-31 10:49:00 · answer #1 · answered by judyjake555 2 · 0⤊ 0⤋
1
2016-09-26 14:54:55 · answer #2 · answered by Mabel 3 · 0⤊ 0⤋
Fix it, pay it off, and drive the wheels off it.
Alternately, you could trade it in on a newer vehicle, but I can't imagine you'd get much in trade for a 94 that needs a transmission.
2007-12-31 11:27:03 · answer #3 · answered by cuttin_in_mcfly 4 · 0⤊ 0⤋
some car dealers will trade cars and pay off what you owe, or if they need your type car for parts--they may work a deal with you. It just depends on who you deal with.
2007-12-31 10:14:35 · answer #4 · answered by mary.kennett 1 · 0⤊ 0⤋
No, you can't get a car loan without having a specific car to attach the lien to. Anybody who gave you a $5000 loan on a 94 vehicle really screwed you, I think, either too much loan or too long or both.
2007-12-31 10:08:16 · answer #5 · answered by Mike1942f 7 · 0⤊ 0⤋
Fix it and pay of the original loan or you will never get out of debt.
2007-12-31 09:58:31 · answer #6 · answered by Johneye 4 · 1⤊ 0⤋