Hello. I will make this easy and short.
Got a car loan $9,000.
Bought car for $9,000.
Within a month car breaks and needs timing belt etc. Stealership charges me $2,200 to fix it.
Within 5 months car says low oil. Just got it checked by 2 mechanics....piston oil ring is toast. The quote to rebuild the motor is $4,000.
I have $4500 in savings and I still owe $8,000 on her car. I don't know what I can get for it being the motor is shot.
Please help PF, I am super stressed about this. I feel like a failure of a husband. We have a rental for her to get to work for another 3 weeks but that is a not a long term goal obviously.
Thanks.
Edit I don't need a speech about luxury cars. I live in Germany....BMW's are not luxury cars here. A Honda is a luxury car here and much more expensive to maintain. Again, pretend I bought a Honda when you give me the advice, thank you.
Submitted May 16, 2018 at 07:22AM by xhaloz https://ift.tt/2rMt2qF
