This is my first post on reddit ever so I apologize for the formatting and everything else, but I've been a long time lurker.
I am currently driving a 2007 Toyota Prius. We (my husband and myself) bought this car a little over a year ago for $6,000. We got our loan through our bank (Wells Fargo) and currently have a $4863.16 remaining balance.
The hybrid battery for this car has died. It is barely running and it HAS to be fixed since we are also moving in the next two months (we rent). Straight from the dealership it would cost me another $3,000+ to have this battery replaced. There is a cheaper option to have a company install a refurbished battery for around $1500. This cheaper option is what my husband and I were considering since the battery comes with a 5 year warranty and we plan on selling/trading in the car by then.
My issue is trying to find out the best option for getting this $1500. We have pretty decent credit (750+) but just not enough money put back for the move and to fix the car (which is sad since we are 25 and 26 years old - I know). Would it be worth it to take out a small personal loan?
I have already applied for refinancing the car but it wasn't approved since we owe less than $5000.
Nobody we know is good with money or was otherwise helpful. I wish I could make $1000 appear out of thin air...
Submitted May 08, 2017 at 06:41PM by CaptainLooseCannon http://ift.tt/2qL1kMP
