I have a 2020 ford fusion, I currently owe $16.5k on it. It has 140,000 miles on it currently and the shop just told me I need a new engine. I’m well outside all warranties. I got a few opinions on replacing the engine but the best I can find is a new one from ford installed for $7k.
I have no where near that amount to fix it. A little background info. I was in a lot of debt and about a year ago I entered the nation debt relief program. I’ve gained a lot of ground on that debt and closed 3/5 of my creditors. That being said, my credit is now tanked.
So my situation is now, I owe $16k on a car that needs minimum $7k in repairs. The car itself is worth $7-9k with a working engine. My credit is tanked and I have about $800 to my name. What can I do?
I did have the idea of voluntarily repo on the car and going after a cheap used car. I have a brother who might be willing to help me get the used car. If you’re curious why I have so many miles on the car, my job requires me to drive my car about 280 miles per day. It’s my dream job, it pays a good amount and I’m going to do whatever it takes to keep my job. Any advice would be helpful. Thank you.
Edit: it’s late and I need to sleep. Of all the comments here I got 2 somewhat helpful ones and the rest were condescending or insulting. Thanks.
Submitted May 05, 2024 at 11:28PM by Extraaccount10501 https://ift.tt/cLayi6K
