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- Sat Jan 21, 2023 11:03 pm
- Forum: Personal Finance (Not Investing)
- Topic: Need Help Deciding on Loan Options to Replace My Car That is Broke Down and the Repair Costs are More Than the Car is Wo
- Replies: 14
- Views: 1284
Need Help Deciding on Loan Options to Replace My Car That is Broke Down and the Repair Costs are More Than the Car is Wo
Need to get a new car after my previous car died and repairs cost more than the car is worth. Looking for advice on whether I should get an auto loan or a private loan instead and also use some of the loan money to pay off high interest rate credit card debt? First of all, I want to say thank you in advance for any advice on my situation. I am having a very hard time deciding what to do. I will try and keep it as short and to the point as I can. My current car is a 2011 Lincoln MKZ 3.5L V6 with 267,920 miles on it and is undrivable, it needs a new water pump and also needs the head gasket replaced as well as other minor repairs but those are the two that make it unreasonable to pay to get it fixed. Kelly Blue Book values the car in "fa...