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I'm at the point with my car where it basically has all of the things wrong with it. It was leaking oil and coolant, the exhaust pipe needs to be replaced (again), and had something jammed in the front defrosters that kept them from working (the fix I was quoted was slightly less than the value of the car). I've been doing short term contract work for most of the last year and was planning on buying a newer car when I had a long term job, even though I could buy a good car in cash from my savings and have plenty left over.

Now I'm pretty sure I've got a spun rod bearing (probably related to the oil leak and my reluctance to fix a car I'm planning on selling) which could kill the car, and I'm between contracts. I'm actively looking for a new job, but still.

I seem to have three options:

  1. Minimize driving and buy a newer car the minute I get a permanent job offer
  2. Go buy a newer car now from my savings and be slightly less picky about a new job
  3. Talk to my credit union about a car loan

TL;DR Car has problem that could kill the car, not worth fixing car, effectively unemployed, have savings to buy a newer car in cash, what do? Torn between hoping nothing bad happens to the car, buying a car and hoping I'm not unemployed for much longer, and getting a loan I don't really need.



Submitted February 27, 2019 at 09:16AM by WantDebianThanks https://ift.tt/2IFWpa4

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